The financials
FirstEnergy by the numbers
FirstEnergy (FE) reported revenue of $4.20B in Q1 2026 (quarter ended March 31, 2026), up 12% from the same quarter a year earlier. That came with a gross margin of 65% and net income of $405M (9.6% of revenue). For the full year FY2025, revenue was $15.1B (+12% year on year) and net income $1.02B. Its largest product in 2026-Q1 was Electricity Us Regulated at $3.24B, 74% of the disclosed total, just ahead of Electric Transmission at 14%.
| Income statement | Q1 2026 | Q1 2025 | Change |
|---|---|---|---|
| Revenue | $4.20B | $3.77B | +12% |
| Gross profit | $2.74B | $2.73B | +0.4% |
| Operating income | $828M | $754M | +9.8% |
| Net income | $405M | $360M | +13% |
| Diluted EPS | $0.70 | $0.62 | +13% |
| Product | Revenue | Share |
|---|---|---|
| Electricity Us Regulated | $3.24B | 74% |
| Electric Transmission | $628M | 14% |
| Electric Worldwide Unregulated | $330M | 7.5% |
| Transmission | $119M | 2.7% |
| Product And Service Other | $22M | 0.5% |
| Other Services | $18M | 0.4% |
| Alternative Revenue Program | $13M | 0.3% |
| Wholesale Sales | $4.0M | 0.1% |
Business Segments
Revenue split by product segment, from SEC XBRL filings.
Latest period: Q1 2026Total $4.36B (+1.7%)
Wholesale Sales grew +300% year on yearProduct And Service Other -4.3% year on year
Segment Latestquarter on quarteryear on year
- Electricity Us Regulated$3.24B$3.24BQoQ -3.8%year on year +5.3%-3.8%+5.3%
- Electric Transmission$628.0M$628.0MQoQ +6.1%year on year +7.2%+6.1%+7.2%
- Electric Worldwide Unregulated$330.0M$330.0MQoQ +80%year on year +237%+80%+237%
- Transmission$119.0M$119.0MQoQ +9.2%year on year +19%+9.2%+19%
- Product And Service Other$22.0M$22.0MQoQ +10%year on year -4.3%+10%-4.3%
- Other Services$18.0M$18.0MQoQ -22%year on year +5.9%-22%+5.9%
- Alternative Revenue Program$13.0M$13.0MQoQ -year on year ---
- Wholesale Sales$4.0M$4.0MQoQ -33%year on year +300%-33%+300%
- Eliminations And Reconciling Adjustments−$17.0M−$17.0MQoQ -year on year ---
Utilities - Regulated Electric
Ranks #13 of 37 by Smart Score