FirstEnergy reports Q2 non-GAAP EPS 56c, consensus 56c

Reports Q2 revenue $3.3B, consensus $3.38B. “Our Q2 financial results are in line with our expectations, reflecting the strength of our regulated investment strategies,” said CEO Brian Tierney. “In addition, we’re achieving meaningful milestones in our journey to become a premier electric company. Earlier this year, we introduced a robust capital investment program that is supported by a transformed balance sheet. We’ve achieved constructive regulatory outcomes, and we’ve structured our operations to improve the customer experience and reliability. In addition, we reached an agreement in principle with SEC staff, which remains subject to the SEC’s approval, and we are close to resolving legacy issues with the Ohio Attorney General’s office. We are proud of the progress we’ve made and are committed to driving results through a culture focused on performance excellence and continuous improvement.”