FirstEnergy Corp

FE: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$17.00	Hktxd	Zkwlyskg

FirstEnergy Earnings: New Subpoena Highlights Ohio Risk; Dividend Growth To Resume by Year-End

Andrew Bischof

Aug 2, 2023

We are reaffirming our $40 per share fair value estimate after FirstEnergy reported second-quarter operating earnings of $0.47 per share, down from $0.53 per share in the same year-ago period. Management reaffirmed 2023 operating earnings guidance of $2.44-$2.64 per share, in line with our expectations. Our narrow moat rating is unchanged.

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