8-KEarnings & ResultsRegulation FDExhibits & Filings

FIRSTENERGY CORP 8-K Report, Financial Results (Feb 8, 2024)

Filed February 8, 2024For Securities:FE

Summary

FirstEnergy Corp. (FE) has filed an 8-K report on February 8, 2024, announcing its financial results for the fourth quarter and full year ended December 31, 2023. The filing also provides earnings guidance for the first quarter and the full year of 2024. The company emphasizes the use of non-GAAP financial measures for evaluating performance and managing operations, stating these measures offer a consistent and comparable view of results by excluding certain special items. Investors should refer to the accompanying press release and other exhibits for detailed financial information and reconciliations between GAAP and non-GAAP figures. The report also highlights the availability of additional information, including strategic and financial highlights for Q4 2023 and an annual investor FactBook. These documents, also filed as exhibits, are accessible on FirstEnergy's Investor Relations website. While this information is furnished under Regulation FD and not deemed "filed" for Section 18 purposes, investors are encouraged to consult the website for potentially material disclosures. The filing includes a comprehensive list of forward-looking statements and associated risks and uncertainties that could impact the company's future performance.

Key Highlights

  • 1FirstEnergy announced its Q4 and full-year 2023 financial results, along with initial guidance for Q1 and full-year 2024.
  • 2The company continues to utilize non-GAAP financial measures to present performance, aiming for comparability and exclusion of special items.
  • 3Reconciliations between GAAP and non-GAAP financial measures are provided within the referenced press release.
  • 4Additional investor resources, including Q4 2023 Strategic and Financial Highlights and an Annual FactBook, are available.
  • 5This information is furnished under Item 2.02 and 7.01 and is not considered "filed" under Section 18 of the Exchange Act.
  • 6A detailed section outlines forward-looking statements and the significant risks and uncertainties FirstEnergy faces.

Frequently Asked Questions

The primary purpose of this 8-K filing is to announce FirstEnergy Corp.'s financial results for the fourth quarter and full year ended December 31, 2023, and to provide earnings guidance for the first quarter and the full year of 2024. It also includes supplementary investor information.

FirstEnergy uses non-GAAP financial measures to provide investors with a more consistent and comparable view of its ongoing operational performance by excluding certain items that may not be comparable across periods or peer companies. Management uses these measures for internal evaluation and decision-making.

Detailed financial results for the three months and full year ended December 31, 2023, and earnings guidance for the three months ended March 31, 2024, and the full year ended December 31, 2024, are available in the press release (Exhibit 99.1) incorporated by reference into this 8-K. Reconciliations to GAAP are also provided in that release.

The information furnished under Items 2.02 and 7.01 of this Form 8-K is not considered 'filed' for the purposes of Section 18 of the Securities Exchange Act of 1934, nor is it deemed incorporated by reference into any other SEC filings, unless expressly stated otherwise.