0001031296-26-000046
SEC filingFirstEnergy Corp. reported total revenues of $15.09 billion for fiscal year 2025, with operating income of $2.21 billion and net income of $1.27 billion. Earnings attributable to FirstEnergy Corp. were $1.02 billion, translating to basic and diluted earnings per share of $2.00. The company generated $3.70 billion in net cash from operating activities, though this was offset by significant capital investments of $4.71 billion, resulting in negative free cash flow. Key drivers included purchased power costs of $4.58 billion and fuel expenses of $652 million, while the company benefited from Ohio settlement charges of -$275 million and pension mark-to-market adjustments of $253 million. The balance sheet shows total assets of $55.90 billion, with substantial long-term debt of $25.51 billion and total equity of $13.93 billion. The company paid $1.02 billion in common stock dividends during the year.
FirstEnergy Corp. reported fiscal year 2025 results with total revenues of $15.09 billion, operating income of $2.21 billion, and net income of $1.27 billion. Earnings attributable to FirstEnergy Corp. were $1.02 billion, resulting in basic and diluted earnings per share of $2.00. The company's operating expenses totaled $12.88 billion, including significant costs for purchased power ($4.58 billion), other operating expenses ($4.12 billion), provision for depreciation ($1.66 billion), and general taxes ($1.34 billion). The company recorded impairment of assets of $352 million and benefited from Ohio settlement charges of -$275 million. Interest expense was $1.22 billion, and income taxes were $288 million.
The company reported total revenues of $15.09 billion for fiscal year 2025. No segment breakdown or geographic mix was provided in the available data. The revenue figure represents the consolidated total from all operations. The document does not disclose specific revenue drivers, growth rates by segment, or comparative prior period revenue figures that would allow for year-over-year analysis.
FirstEnergy achieved an operating margin of 14.6% based on operating income of $2.21 billion and total revenues of $15.09 billion. The company's cost structure included significant purchased power costs ($4.58 billion), other operating expenses ($4.12 billion), and fuel expenses ($652 million). Depreciation expense was $1.66 billion, and general taxes totaled $1.34 billion. The company benefited from regulatory deferrals (-$109 million) and Ohio settlement charges (-$275 million), which improved operating results. Net income margin was 8.4% based on net income of $1.27 billion and total revenues of $15.09 billion.
The company generated $3.70 billion in net cash from operating activities, primarily driven by net income of $1.27 billion and adjustments including depreciation and amortization of $1.61 billion. Investing activities used $5.07 billion, mainly for capital investments of $4.71 billion and asset removal costs of $376 million. Financing activities provided $1.31 billion, including $5.92 billion in new long-term debt offset by $3.13 billion in debt redemptions and $1.02 billion in dividend payments. The balance sheet shows total assets of $55.90 billion, including property, plant and equipment of $44.41 billion (net) and goodwill of $5.62 billion. Total liabilities were $41.98 billion, with long-term debt of $25.51 billion. Equity totaled $13.93 billion, including common stockholders' equity of $12.51 billion.
The filing does not contain specific forward-looking guidance, management projections, or explicit strategic priorities for future periods. No quantitative or qualitative outlook information was disclosed in the provided data. The document includes references to notes regarding Ohio settlement charges, impairment of assets, and other items, but these do not constitute forward-looking statements about future performance. Investors should review the complete 10-K filing for risk factors and other disclosures that may provide context for future expectations.