FirstEnergy Announces Fourth Quarter and Full Year 2024 Financial Results
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FirstEnergy Corp. reported its 2024 financial results, with GAAP earnings of $1.70 per share and non-GAAP earnings of $2.63 per share. The company plans $4.5 billion in capital investments for grid improvements and a $28 billion investment program through 2029, aiming for a 9% rate base growth.
February 26, 2025 | 9:30 pm
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FirstEnergy's 2024 earnings were within guidance, with significant capital investments planned to enhance grid reliability and support energy transition. The company aims for a 9% rate base growth with a $28 billion investment program through 2029.
FirstEnergy's earnings were within expectations, and the announcement of substantial capital investments and a growth plan is likely to positively impact investor sentiment. The focus on grid reliability and energy transition aligns with current industry trends, supporting a positive short-term outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100