Morningstar - FirstEnergy Corp. (FE) FirstEnergy Reports Strong 2Q; Revised FES Settlement Now Includes Unsecured Creditors

Report

Morningstar

Charles Fishman

EUR 100.00 For Business Accounts Only

FirstEnergy Reports Strong 2Q; Revised FES Settlement Now Includes Unsecured Creditors

We are reaffirming our $40 per share fair value estimate and narrow moat rating after FirstEnergy reported strong second-quarter earnings, raised its 2018 earnings guidance, and reached an amended agreement with the creditors of FirstEnergy Solutions. Operating EPS was $0.62 in the recently ended quarter versus $0.44 in the same period last year. The strong results were driven by warm spring weather, strong industrial load growth, and a favorable court ruling on renewable energy credits in Ohio....

01/08/2018 14 EN

Underlying

FirstEnergy Corp.

FirstEnergy is a public utility holding company. The company and its subsidiaries are principally involved in the transmission, distribution and generation of electricity. The company's reportable operating segments are comprised of: Regulated Distribution, which distributes electricity through the company's utility operating companies and also controls regulated electric generation capacity located primarily in West Virginia, Virginia and New Jersey; and Regulated Transmission, which provides transmission infrastructure owned and operated by the transmission companies and certain of the company's utilities to transmit electricity from generation sources to distribution facilities.

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US3379321074 New York Stock Exchange United States

Provider

Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

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Analysts

Charles Fishman

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FirstEnergy Reports Strong 2Q; Revised FES Settlement Now Includes Unsecured Creditors

Moody's Ratings corrects its website display for FirstEnergy Corp.

Firstenergy Corp: 1 director

Vital Signs: Actionable charts

Business as Usual for No-Moat Lonza; Specialty Ingredients Carve-Out on Track for 2020

Astra Posts Solid 2Q, Driven by Strong Cancer Drug Sales and Moving Away From One-Time Divestments

Astra Posts Solid 2Q, Driven by Strong Cancer Drug Sales and Moving Away From One-Time Divestments

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