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FirstEnergy Reported Higher Q2 2018 Earnings Due to the Weather

Vincent Kruger
FirstEnergy Reported Higher Q2 2018 Earnings Due to the Weather

FirstEnergy (FE) reported its second-quarter financial results on July 31 after the markets closed. The company reported an adjusted EPS of $0.62 for the quarter ending on June 30. The earnings increased in the second quarter mainly due to favorable weather. A higher regulated commodity margin and new rates that came into effect during the quarter also helped FirstEnergy’s second-quarter earnings.