FirstEnergyFEEarnings & Financial Report
FirstEnergy Corp. is an electric utility headquartered in Akron, Ohio. It was established when Ohio Edison merged with Centerior Energy in 1997.
Revenue
$3.2B
Gross Profit
N/A
Operating Profit
$613.0M
Net Profit
$261.0M
Gross Margin
N/A
Operating Margin
19.3%
Net Margin
8.2%
YoY Growth
1.0%
EPS
$0.45
FirstEnergy Q4 FY2024 Financial Summary
FirstEnergy reported revenue of $3.2B (up 1.0% YoY) for Q4 FY2024, with a net profit of $261.0M (up 49.1% YoY) (8.2% margin).
Key Financial Metrics
| Total Revenue | $3.2B |
|---|---|
| Net Profit | $261.0M |
| Gross Margin | N/A |
| Operating Margin | 19.3% |
| Report Period | Q4 FY2024 |
Revenue Breakdown
FirstEnergy Q4 FY2024 revenue of $3.2B breaks down across 10 segments, led by Regulated Distribution at $1.6B (50.7% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Regulated Distribution | $1.6B | 50.7% |
| Integrated Segment | $1.1B | 35.6% |
| Industrial Customers | $151.0M | 4.8% |
| Transmission | $97.0M | 3.1% |
| Trail | $63.0M | 2.0% |
| Other | $21.0M | 0.7% |
| KAT Co | $18.0M | 0.6% |
| Other Customers | $17.0M | 0.5% |
| Internal Customers | $9.0M | 0.3% |
| Wholesale Sales | $2.0M | 0.1% |
FirstEnergy Revenue by Segment — Quarterly Trend
FirstEnergy revenue by segment across the last 4 reported quarters, showing how each business line (such as Regulated Distribution and Integrated Segment) has evolved quarter over quarter.
| Segment | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 |
|---|---|---|---|---|
| Integrated Segment | $1.4B | — | $1.3B | — |
| Industrial Customers | $167.0M | — | — | — |
| Transmission | $105.0M | — | — | $100.0M |
FirstEnergy Annual Revenue by Year
FirstEnergy annual revenue history includes year-by-year totals (for example, 2025 revenue was $15.1B).
| Year | Annual Revenue |
|---|---|
| 2025 | $15.1B |
| 2024 | $13.5B |
FirstEnergy Quarterly Revenue & Net Profit History
FirstEnergy results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2025 | $3.8B | +19.6% | $-49.0M | -1.3% |
| Q3 FY2025 | $4.1B | +11.2% | $441.0M | 10.6% |
| Q2 FY2025 | $3.4B | +3.0% | $268.0M | 7.9% |
| Q1 FY2025 | $3.8B | +14.5% | $360.0M | 9.6% |
| Q4 FY2024 | $3.2B | +1.0% | $261.0M | 8.2% |
| Q3 FY2024 | $3.7B | +6.9% | $419.0M | 11.2% |
| Q2 FY2024 | $3.3B | +9.1% | $45.0M | 1.4% |
| Q1 FY2024 | $3.3B | +1.7% | $253.0M | 7.7% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $3.29B | $3.28B | $3.73B | $3.18B | $3.77B | $3.38B | $4.15B | $3.80B |
| YoY Growth | 1.7% | 9.1% | 6.9% | 1.0% | 14.5% | 3.0% | 11.2% | 19.6% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $51.30B | $51.02B | $50.76B | $52.04B | $52.77B | $54.23B | $55.88B | $55.90B |
| Liabilities | $37.69B | $37.29B | $37.06B | $38.32B | $38.91B | $40.06B | $41.70B | $41.98B |
| Equity | $12.40B | $12.47B | $12.43B | $12.46B | $12.57B | $12.85B | $12.80B | $12.51B |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $-40.0M | $1.11B | $775.0M | $1.04B | $637.0M | $1.08B | $845.0M | $1.14B |