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FirstEnergy Q1 GAAP earnings $315 million

Christian Fernsby |
FirstEnergy eported first quarter 2019 GAAP earnings of $315 million or $0.59 per basic and diluted share, on revenues of $2.9 billion.

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In the first quarter of 2018, the company recorded GAAP earnings of $1.2 billion or $2.55 per basic share ($2.54 diluted), on revenues of $2.9 billion.

GAAP earnings for the first quarter of 2018 included a gain on the deconsolidation of FirstEnergy Solutions Corp., its subsidiaries, and FirstEnergy Nuclear Operating Company as a result of their bankruptcy filing on March 31, 2018.

Operating (non-GAAP) earnings were $0.67 per share in both the first quarter of 2019 and 2018.

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