FirstEnergy reports Q1 adjusted EPS 55c, consensus 56c

Reports Q1 revenue $3.3B, consensus $3.22B. “Despite a mild winter, we’re off to a solid start in 2024. Our first quarter financial results are above the midpoint of our guidance, reflecting strong execution across each of our businesses,” said Brian Tierney, President and CEO. “We also completed a pivotal milestone in the company’s transformation as we significantly strengthened our balance sheet, supporting long-term organic investments in our fully regulated businesses to enhance reliability and the customer experience. As a result of this progress, we were pleased to receive upgrades to investment grade ratings from both Moody’s and S&P.”