FirstEnergy announces earnings
AKRON — FirstEnergy Corp. has reported 2019 earnings of $908 million, or $1.70 per basic share ($1.68 diluted), on revenue of $11 billion. The utility’s 2018 earnings were $981 million, or $1.99 per basic and diluted share of common stock, on revenue of $11.3 billion.
Operating earnings for 2019 were $2.58 per share, at the top end of the company’s most recent earnings guidance. In 2018, operating earnings were $2.59 per share. “This was another great year for FirstEnergy, marked by solid execution on initiatives that benefit our customers, shareholders, communities and our company,” said Charles E. Jones, FirstEnergy president and CEO.