Firstenergy Corp (FE) financial statements: income statement, balance sheet and cash flow

Firstenergy Corp's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Firstenergy Corp reported revenue of $15.1B (+12.0% year on year) and net income of $1.3B (+12.8% year on year).

Income statement

Firstenergy Corp income statement, fiscal years

Line item	Dec 31, 2025 · FY	Dec 31, 2024 · FY	Dec 31, 2023 · FY	Dec 31, 2022 · FY
Total revenues	$15.1B	$13.5B	$12.9B	$12.5B
Fuel	$652.0M	$464.0M	$538.0M	$730.0M
Purchased power	$4.6B	$3.9B	$4.1B	$3.9B
Other operating expenses	$4.1B	$4.2B	$3.6B	$3.8B
Provision for depreciation	$1.7B	$1.6B	$1.5B	$1.4B
Deferral of regulatory assets, net	($109.0M)	($231.0M)	($261.0M)	—
General taxes	$1.3B	$1.2B	$1.2B	$1.1B
Ohio settlement charges (Note 13.)	$275.0M	—	$0	$0
Impairment of assets (Note 1.)	$352.0M	—	—	—
Total operating expenses	$12.9B	$11.1B	$10.6B	$10.5B
OPERATING INCOME	$2.2B	$2.4B	$2.3B	$1.9B
Debt redemption costs (Note 11.)	($24.0M)	($85.0M)	($36.0M)	($171.0M)
Equity method investment earnings, net (Note 1.)	$0	$58.0M	$175.0M	$168.0M
Miscellaneous income, net	$156.0M	$189.0M	$164.0M	$415.0M
Pension and OPEB mark-to-market adjustments (Note 4.)	$253.0M	($22.0M)	($78.0M)	$72.0M
Interest expense	($1.2B)	($1.1B)	($1.1B)	($1.0B)
Capitalized financing costs	$185.0M	$133.0M	$97.0M	$84.0M
Total other expense	($647.0M)	($871.0M)	($802.0M)	($471.0M)
INCOME BEFORE INCOME TAXES	$1.6B	$1.5B	$1.5B	$1.4B
INCOME TAXES	$288.0M	$377.0M	$267.0M	$1.0B
INCOME FROM CONTINUING OPERATIONS	$1.3B	$1.1B	$1.2B	—
Discontinued operations (Note 1.)	$0	$0	($21.0M)	$0
NET INCOME	$1.3B	$1.1B	$1.2B	$439.0M
Income attributable to noncontrolling interest (continuing operations)	$251.0M	$149.0M	$74.0M	$33.0M
Earnings from continuing operations	$1.0B	$978.0M	$1.1B	$439.0M
Earnings from discontinued operations	$0	$0	($21.0M)	—
EARNINGS ATTRIBUTABLE TO FIRSTENERGY CORP.	$1.0B	$978.0M	$1.1B	$406.0M
Basic - continuing operations (in dollars per share)	$1.77	$1.70	$1.96	$0.71
Basic - discontinued operations (in dollars per share)	$0.00	$0.00	-$0.04	$0.00
Basic (in dollars per share)	$1.77	$1.70	$1.92	$0.71
Diluted - continuing operations (in dollars per share)	$1.76	$1.70	$1.96	$0.71
Diluted - discontinued operations (in dollars per share)	$0.00	$0.00	-$0.04	$0.00
Diluted (in dollars per share)	$1.76	$1.70	$1.92	$0.71
Basic (in shares)	577.0M	575.0M	573.0M	571.0M
Diluted (in shares)	578.0M	577.0M	574.0M	572.0M

Firstenergy Corp income statement, quarters

Line item	Jun 30, 2026 · Q2	Mar 31, 2026 · Q1	Sep 30, 2025 · Q3	Jun 30, 2025 · Q2
Total revenues	$3.7B	$4.2B	$4.1B	$3.4B
Fuel	$156.0M	$161.0M	$163.0M	$168.0M
Purchased power	$1.2B	$1.4B	$1.3B	$953.0M
Other operating expenses	$1.2B	$1.5B	$976.0M	$995.0M
Provision for depreciation	$424.0M	$421.0M	$417.0M	$415.0M
Deferral of regulatory assets, net	($225.0M)	($457.0M)	$89.0M	($99.0M)
General taxes	$324.0M	$360.0M	$332.0M	$302.0M
Total operating expenses	$3.0B	$3.4B	$3.3B	$2.7B
OPERATING INCOME	$677.0M	$828.0M	$830.0M	$646.0M
Debt redemption costs (Note 6..)	$0	—	$0	($24.0M)
Miscellaneous income, net	$52.0M	$48.0M	$41.0M	$41.0M
Interest expense	($337.0M)	($326.0M)	($312.0M)	($299.0M)
Capitalized financing costs	$52.0M	$54.0M	$51.0M	$42.0M
Total other expense	($233.0M)	($224.0M)	($220.0M)	($240.0M)
INCOME BEFORE INCOME TAXES	$444.0M	$604.0M	$610.0M	$406.0M
INCOME TAXES	$92.0M	$138.0M	$78.0M	$88.0M
NET INCOME	$352.0M	$466.0M	$532.0M	$318.0M
Income attributable to noncontrolling interest	$64.0M	$61.0M	$91.0M	$50.0M
EARNINGS ATTRIBUTABLE TO FIRSTENERGY CORP.	$288.0M	$405.0M	$441.0M	$268.0M
COMPREHENSIVE INCOME ATTRIBUTABLE TO FIRSTENERGY CORP.	$288.0M	$405.0M	—	—
Basic (in dollars per share)	$0.50	$0.70	$0.76	$0.46
Diluted (in dollars per share)	$0.50	$0.70	$0.76	$0.46
Basic (in shares)	578.0M	578.0M	577.0M	577.0M
Diluted (in shares)	579.0M	580.0M	578.0M	578.0M

Balance sheet

Firstenergy Corp balance sheet, fiscal years

Line item	Dec 31, 2025 · FY	Dec 31, 2024 · FY	Dec 31, 2023 · FY	Dec 31, 2022 · FY
Cash and cash equivalents	$57.0M	$111.0M	$137.0M	$160.0M
Restricted cash	$42.0M	$43.0M	$42.0M	$46.0M
Customers	$1.8B	$1.6B	$1.4B	$1.5B
Less — Allowance for uncollectible customer receivables	$57.0M	$55.0M	$64.0M	$137.0M
Receivable	$1.7B	$1.5B	$1.3B	$1.3B
Other, net of allowance for uncollectible accounts of $11 in 2025 and $6 in 2024	$295.0M	$303.0M	$266.0M	$253.0M
Materials and supplies, at average cost	$577.0M	$549.0M	$512.0M	$421.0M
Prepaid taxes and other	$282.0M	$240.0M	$293.0M	$217.0M
Total current assets	$3.0B	$2.8B	$2.6B	$2.4B
In service	$56.2B	$52.9B	$50.1B	$47.9B
Less — Accumulated provision for depreciation	$15.2B	$14.5B	$13.8B	$13.3B
Net Plant	$41.0B	—	—	$34.6B
Construction work in progress	$3.4B	$2.8B	$2.1B	$1.7B
Total	$44.4B	$41.1B	—	$36.3B
Goodwill	$5.6B	$5.6B	$5.6B	$5.6B
Investments	$641.0M	$652.0M	$663.0M	$622.0M
Regulatory assets	$829.0M	$617.0M	$369.0M	$33.0M
Other	$1.4B	$1.3B	$1.1B	$1.1B
Total investments and other noncurrent assets	$8.5B	$8.2B	$7.8B	$7.4B
TOTAL ASSETS	$55.9B	$52.0B	$48.8B	$46.1B
Currently payable long-term debt	$723.0M	$977.0M	$1.3B	$351.0M
Short-term borrowings	$325.0M	$550.0M	$775.0M	$100.0M
Accounts payable	$2.0B	$1.6B	$1.4B	$1.5B
Accrued interest	$373.0M	$269.0M	$292.0M	$254.0M
Accrued taxes	$768.0M	$727.0M	$700.0M	$668.0M
Accrued compensation and benefits	$286.0M	$205.0M	$304.0M	$272.0M
Dividends payable	$257.0M	$245.0M	$235.0M	$223.0M
Customer deposits	$250.0M	$233.0M	$227.0M	$223.0M
Other	$287.0M	$216.0M	$241.0M	$364.0M
Total current liabilities	$5.3B	$5.0B	$5.4B	$4.0B
Long-term debt and other long-term obligations	$25.5B	$22.5B	$22.9B	$21.2B
Accumulated deferred income taxes	$6.0B	$5.6B	$4.5B	$4.2B
Retirement benefits	$1.5B	$1.7B	$1.7B	$2.3B
Regulatory liabilities	$1.2B	$995.0M	$1.2B	$1.8B
Other	$2.5B	$2.5B	$2.2B	$1.9B
Total noncurrent liabilities	$36.7B	$33.3B	$32.5B	$10.3B
TOTAL LIABILITIES	$42.0B	$38.3B	$37.9B	—
Common stock, $0.10 par value, authorized 700,000,000 shares - 577,851,052 and 576,612,245 shares outstanding as of December 31, 2025 and 2024, respectively	58.0M	58.0M	57.0M	57.0M
Other paid-in capital	$12.4B	$12.4B	$10.5B	$11.3B
Accumulated other comprehensive loss	($14.0M)	($14.0M)	($17.0M)	($14.0M)
Retained earnings	$35.0M	$43.0M	($97.0M)	($1.2B)
Total common stockholders' equity	$12.5B	$12.5B	$10.4B	$10.2B
Noncontrolling interest	$1.4B	$1.3B	$479.0M	$477.0M
TOTAL EQUITY	$13.9B	$13.7B	$10.9B	$10.6B
TOTAL LIABILITIES AND EQUITY	$55.9B	$52.0B	$48.8B	$46.1B

Firstenergy Corp balance sheet, quarters

Line item	Jun 30, 2026	Mar 31, 2026	Sep 30, 2025	Jun 30, 2025
Cash and cash equivalents	$63.0M	$52.0M	$1.4B	$569.0M
Restricted cash	$128.0M	$28.0M	$27.0M	$45.0M
Customers	$1.7B	$1.7B	$1.6B	$1.6B
Less — Allowance for uncollectible customer receivables	$48.0M	$52.0M	$55.0M	$50.0M
Receivables	$1.7B	$1.6B	$1.5B	$1.6B
Other, net of allowance for uncollectible accounts of $11 in 2026 and 2025	$343.0M	—	—	—
Materials and supplies, at average cost	$559.0M	$582.0M	$578.0M	$595.0M
Prepaid taxes and other	$445.0M	$418.0M	$337.0M	$372.0M
Total current assets	$3.2B	$3.0B	$4.2B	$3.5B
In service	$58.0B	$56.8B	$55.0B	$54.3B
Less — Accumulated provision for depreciation	$15.6B	$15.4B	$15.0B	$15.0B
Property, plant and equipment in service net of accumulated provision for depreciation	$42.4B	$41.3B	$40.0B	$39.3B
Construction work in progress	$3.9B	$3.9B	$3.7B	$3.3B
Total property, plant and equipment	$46.3B	$45.3B	$43.7B	$42.7B
Goodwill	$5.6B	$5.6B	$5.6B	$5.6B
Investments	$635.0M	$638.0M	$634.0M	$668.0M
Regulatory assets	$1.4B	$1.1B	$793.0M	$765.0M
Other	$1.1B	$1.3B	$924.0M	$1.0B
Total investments and other noncurrent assets	$8.7B	$8.6B	$8.0B	$8.1B
TOTAL ASSETS	$58.2B	$56.9B	$55.9B	$54.2B
Currently payable long-term debt	$505.0M	$424.0M	$1.7B	$1.7B
Short-term borrowings	$1.4B	$1.3B	$291.0M	$400.0M
Accounts payable	$2.1B	$2.0B	$1.6B	$1.8B
Accrued interest	$388.0M	$298.0M	$298.0M	$303.0M
Accrued taxes	$738.0M	$744.0M	$731.0M	$683.0M
Accrued compensation and benefits	$256.0M	$226.0M	$249.0M	$271.0M
Dividends payable	$0	$269.0M	$257.0M	$0
Customer deposits	$256.0M	$254.0M	$246.0M	$241.0M
Other	$287.0M	$294.0M	$253.0M	$251.0M
Total current liabilities	$5.9B	$5.8B	$5.6B	$5.6B
Long-term debt and other long-term obligations	$27.1B	$26.3B	$25.5B	$23.7B
Accumulated deferred income taxes	$6.3B	$6.2B	$6.0B	$5.8B
Retirement benefits	$1.5B	$1.5B	$1.7B	$1.7B
Regulatory liabilities	$891.0M	$877.0M	$971.0M	$1.0B
Other	$2.1B	$2.1B	$1.9B	$2.1B
Total noncurrent liabilities	$37.9B	$37.0B	$36.1B	$34.4B
TOTAL LIABILITIES	$43.8B	$42.8B	$41.7B	$40.1B
Common stock, $0.10 par value, authorized 700,000,000 shares - 578,639,932 and 577,851,052 shares outstanding as of June 30, 2026, and December 31, 2025, respectively.	58.0M	58.0M	58.0M	58.0M
Other paid-in capital	$12.4B	$12.4B	$12.4B	$12.4B
Accumulated other comprehensive loss	($14.0M)	($14.0M)	($14.0M)	($14.0M)
Retained earnings	$459.0M	$171.0M	$340.0M	$414.0M
Total common stockholders’ equity	$12.9B	$12.7B	$12.8B	$12.9B
Noncontrolling interest	$1.5B	$1.5B	$1.4B	$1.3B
TOTAL EQUITY	$14.4B	$14.1B	$14.2B	$14.2B
TOTAL LIABILITIES AND EQUITY	$58.2B	$56.9B	$55.9B	$54.2B

Cash flow statement

Firstenergy Corp cash flow statement, fiscal years

Line item	Dec 31, 2025 · FY	Dec 31, 2024 · FY	Dec 31, 2023 · FY	Dec 31, 2022 · FY
Net income	$1.3B	$1.1B	$1.2B	$439.0M
Depreciation and amortization	$1.6B	$1.6B	$1.3B	—
Impairment of assets	$352.0M	—	—	—
Charges (credits) associated with changes in ARO (Note 9.)	($54.0M)	—	—	—
Employee benefit costs, net	$14.0M	($32.0M)	($9.0M)	($378.0M)
Pension and OPEB mark-to-market adjustments	($253.0M)	$22.0M	$78.0M	($72.0M)
Deferred income taxes and investment tax credits, net	$219.0M	$316.0M	$252.0M	$989.0M
Transmission revenue collections, net	$197.0M	$113.0M	($180.0M)	$79.0M
Pension trust contribution	$0	$0	($750.0M)	—
Loss (gain) on disposal, net of tax	$0	$0	$21.0M	—
Receivables	($186.0M)	($249.0M)	($13.0M)	($292.0M)
Materials and supplies	($28.0M)	($37.0M)	($91.0M)	($161.0M)
Prepaid taxes and other current assets	($24.0M)	($33.0M)	($43.0M)	($28.0M)
Accounts payable	$210.0M	$124.0M	($141.0M)	$560.0M
Accrued taxes	$105.0M	($126.0M)	$32.0M	$22.0M
Accrued interest	$104.0M	($23.0M)	$38.0M	($29.0M)
Ohio settlement customer restitution and refunds (Note 13.)	$275.0M	—	—	—
Other current liabilities	$4.0M	($141.0M)	$41.0M	$21.0M
Cash collateral, net	$4.0M	$90.0M	($218.0M)	$111.0M
Employee benefit plan funding and related payments	($49.0M)	($59.0M)	($50.0M)	—
Other	($68.0M)	$11.0M	($36.0M)	$105.0M
Net cash provided from operating activities	$3.7B	$2.9B	$1.4B	$2.7B
Capital investments	($4.7B)	($4.0B)	($3.4B)	($2.8B)
Sales of investment securities held in trusts	$102.0M	$121.0M	$38.0M	$48.0M
Purchases of investment securities held in trusts	($114.0M)	($134.0M)	($50.0M)	($59.0M)
Asset removal costs	($376.0M)	($305.0M)	($274.0M)	($213.0M)
Other	$28.0M	($2.0M)	($10.0M)	($96.0M)
Net cash used for investing activities	($5.1B)	($4.3B)	($3.7B)	($3.1B)
Long-term debt	$5.9B	$2.1B	$3.1B	$700.0M
Short-term borrowings, net	$0	$0	$675.0M	$100.0M
Long-term debt	($3.1B)	($2.8B)	($537.0M)	($3.0B)
Short-term borrowings, net	($225.0M)	($225.0M)	$0	$0
Proceeds from FET Equity Interest Sale (Note 1.)	$0	$3.5B	$0	$2.3B
Noncontrolling interest cash distributions	($100.0M)	($86.0M)	($72.0M)	($21.0M)
Common stock dividend payments	($1.0B)	($970.0M)	($906.0M)	($891.0M)
Debt issuance and redemption costs, and other	($145.0M)	($125.0M)	($72.0M)	($1.0M)
Net cash provided from financing activities	$1.3B	$1.4B	$2.2B	($912.0M)
Net change in cash, cash equivalents and restricted cash	($55.0M)	($25.0M)	($27.0M)	($1.3B)
Cash, cash equivalents, and restricted cash at beginning of period	$154.0M	$179.0M	$206.0M	$1.5B
Cash, cash equivalents, and restricted cash at end of period	$99.0M	$154.0M	$179.0M	$206.0M
Interest (net of amounts capitalized)	$999.0M	$1.1B	$1.0B	$1.0B
Income taxes, net of refunds	$73.0M	$161.0M	$58.0M	$21.0M
Accrued capital investments	$361.0M	$315.0M	$252.0M	—
McElroy Run Transfer	$99.0M	—	—	—

Firstenergy Corp cash flow statement, quarters

Line item	Jun 30, 2026 · YTD	Mar 31, 2026 · Q1	Sep 30, 2025 · YTD	Jun 30, 2025 · YTD
Net income	$818.0M	$466.0M	$1.3B	$732.0M
Depreciation and amortization	$592.0M	$117.0M	$1.3B	$756.0M
Winter Storm Fern deferred purchase power costs, net (Note 9.)	($145.0M)	—	—	—
Deferred income taxes and investment tax credits, net	$218.0M	$139.0M	$222.0M	$156.0M
Employee benefit costs, net	($9.0M)	($5.0M)	$12.0M	$0
Transmission revenue collections, net	$23.0M	$38.0M	$141.0M	$103.0M
New Jersey ZEC refund, net (Note 9.)	$79.0M	—	—	—
Receivables	$11.0M	$53.0M	($32.0M)	($55.0M)
Materials and supplies	$18.0M	($5.0M)	($29.0M)	($46.0M)
Prepaid taxes and other current assets	($143.0M)	($152.0M)	($92.0M)	($129.0M)
Accounts payable	$82.0M	$19.0M	$79.0M	$278.0M
Accrued taxes	($30.0M)	($187.0M)	($135.0M)	($38.0M)
Accrued interest	$14.0M	($74.0M)	$29.0M	$34.0M
Accrued compensation and benefits	($58.0M)	($91.0M)	$0	$13.0M
Other current liabilities	($45.0M)	($14.0M)	($36.0M)	($50.0M)
Ohio settlement customer restitution and refunds (Note 9.)	($266.0M)	($163.0M)	—	—
Cash collateral, net	$9.0M	$14.0M	$3.0M	$22.0M
Employee benefit plan funding and related payments	($22.0M)	($11.0M)	($38.0M)	($24.0M)
Other	($9.0M)	$4.0M	($91.0M)	($30.0M)
Net cash provided from operating activities	$1.1B	$148.0M	$2.6B	$1.7B
Capital investments	($2.6B)	($1.3B)	($3.5B)	($2.2B)
Sales of investment securities held in trusts	$33.0M	$20.0M	$89.0M	$30.0M
Purchases of investment securities held in trusts	($39.0M)	($23.0M)	($99.0M)	($36.0M)
Asset removal costs	($222.0M)	($117.0M)	($290.0M)	($167.0M)
Other	$0	$3.0M	$34.0M	($18.0M)
Net cash used for investing activities	($2.8B)	($1.4B)	($3.8B)	($2.4B)
Long-term debt	$2.1B	$850.0M	$5.9B	$4.1B
Short-term borrowings, net	$1.1B	$980.0M	$0	$0
Long-term debt	($694.0M)	($325.0M)	($2.2B)	($2.2B)
Short-term borrowings, net	$0	—	($259.0M)	($150.0M)
Noncontrolling interest cash distributions	($50.0M)	($25.0M)	($74.0M)	($49.0M)
Common stock dividend payments	($526.0M)	($257.0M)	($759.0M)	($502.0M)
Debt issuance and redemption costs, and other	($73.0M)	($18.0M)	($136.0M)	($114.0M)
Net cash provided from financing activities	$1.8B	$1.2B	$2.5B	$1.2B
Net change in cash, cash equivalents, and restricted cash	$92.0M	($19.0M)	$1.3B	$460.0M
Cash, cash equivalents, and restricted cash at beginning of period	$99.0M	$99.0M	$154.0M	$154.0M
Cash, cash equivalents, and restricted cash at end of period	$191.0M	$80.0M	$1.4B	$614.0M
Accrued capital investments	$400.0M	$412.0M	$316.0M	$325.0M
Transfer of McElroy’s Run CCR impoundment facility	$0	$0	$99.0M	$99.0M

Firstenergy Corp score and earnings-call analysis · All covered companies

Figures as reported in SEC filings. General information, not investment advice.