8-KEarnings & ResultsRegulation FDExhibits & Filings

FIRSTENERGY CORP 8-K Report, Financial Results (Jul 30, 2024)

Filed July 30, 2024For Securities:FE

Summary

FirstEnergy Corp. (FE) filed an 8-K on July 30, 2024, primarily to announce its financial results for the second quarter of 2024 and provide updated guidance. The company released its earnings for the three months ended June 30, 2024, and affirmed its full-year 2024 operating (non-GAAP) earnings guidance. FirstEnergy also issued guidance for the third quarter of 2024. This filing includes information presented in accordance with both GAAP and non-GAAP measures, with management emphasizing the use of non-GAAP figures for performance evaluation and comparability. Investors are directed to the press release and accompanying financial highlights for detailed reconciliations between GAAP and non-GAAP figures. The company also notes the availability of supplementary materials on its investor relations website.

Key Highlights

  • 1Announcement of Q2 2024 financial results.
  • 2Provision of earnings guidance for Q3 2024.
  • 3Affirmation of full-year 2024 operating (non-GAAP) earnings guidance.
  • 4Presentation of financial information using both GAAP and non-GAAP measures.
  • 5Management uses non-GAAP measures for performance evaluation and comparability.
  • 6Reconciliation of non-GAAP to GAAP measures provided in the press release.
  • 7Supplemental strategic and financial highlights for 2Q 2024 made available.

Frequently Asked Questions

The primary purpose of this 8-K filing is to announce FirstEnergy Corp.'s financial results for the second quarter of 2024, provide earnings guidance for the third quarter of 2024, and affirm its full-year 2024 operating (non-GAAP) earnings guidance.

Yes, the company affirmed its full-year 2024 operating (non-GAAP) earnings guidance in this filing.

FirstEnergy presents its financial results using both U.S. generally accepted accounting principles (GAAP) and non-GAAP measures. Management believes non-GAAP measures offer better comparability across periods and with peers.

Investors can find more detailed financial information, including reconciliations of non-GAAP to GAAP measures, in the press release (Exhibit 99.1) and the 2Q 2024 Strategic and Financial Highlights (Exhibit 99.2) attached to this 8-K filing, as well as on the company's investor relations website.