Income StatementBalance SheetCash FlowSegments
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FirstEnergy Cash Flow Statement

Operating, investing, and financing cash movements

FirstEnergy generated $3.2B in operating cash flow over the trailing twelve months. After $5.0B in capital expenditures, free cash flow was -$1.7B. Free cash flow decreased 1.6% year-over-year. Based on the Q1 2026 filing.

Net Cash From Operating (TTM)$3.2BNet Cash From Investing (TTM)-$5.3BNet Cash From Financing (TTM)$2.6BCapital Expenditures (TTM)$5.0BDepreciation And Amortization Cf (TTM)$1.3BNet Change In Cash (TTM)-$83.0M
Latest FilingQ1 2026
Report Date2026-04-28
Market Cap$25.6B
P/E Ratio23.01
ROE8.83%

Investing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Sales of short-term available-for-sale investments$17.0M$27.0M$3.0M$59.0M$13.0M$20.0M
Capital expenditures$1.3B$1.0B$1.2B$1.3B$1.2B$1.3B
Payments for Removal Costs$93.0M$84.0M$83.0M$123.0M$86.0M$117.0M
Sale of investments$17.0M$27.0M$3.0M$59.0M$13.0M$20.0M
Net cash from investing activities-$1.4B-$1.1B-$1.3B-$1.4B-$1.3B-$1.4B
Proceeds from maturities/sales of investments$17.0M$27.0M$3.0M$59.0M$13.0M$20.0M
Purchases of investments$20.0M$30.0M$6.0M$63.0M$15.0M$23.0M

Supplemental

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Capital expenditures incurred but not yet paid$19.0M$285.0M$40.0M-$9.0M$45.0M$412.0M
Income taxes paid$40.3M$18.3M$18.3M$18.3M$18.3M—
Transfer to investments$0.0$130.0M-$31.0M$0.0$0.0$0.0
Interest paid$265.5M$249.8M$249.8M$249.8M$249.8M—
Capital expenditures incurred but not yet paid$19.0M$285.0M$40.0M-$9.0M$45.0M$412.0M
Capital Expenditures Incurred but Not Yet Paid$19.0M$285.0M$40.0M-$9.0M$45.0M$412.0M
Pension And Other Postretirement Benefit Expense-$25.0M-$3.0M$3.0M$12.0M$2.0M-$5.0M

Operating

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Change in accounts payable$37.0M$25.0M$253.0M-$199.0M$131.0M$19.0M
Change in accrued liabilities—-$7.0M$20.0M-$13.0M—-$91.0M
Change in income taxes payable/receivable—-$157.0M$119.0M-$97.0M$240.0M-$187.0M
Change in inventories$13.0M$18.0M$28.0M-$17.0M$0.0$5.0M
Change in other assets—$108.0M$21.0M-$37.0M—$152.0M
Change in other liabilities-$73.0M-$16.0M-$34.0M$14.0M$40.0M-$14.0M
Other working capital changes—-$19.0M-$11.0M-$61.0M—$4.0M
Change in receivables$52.0M$55.0M$0.0-$23.0M$154.0M-$53.0M
Deferred income taxes$92.0M$97.0M$59.0M$66.0M$0.0$139.0M
Net cash from operating activities$1.0B$637.0M$1.1B$845.0M$1.1B$148.0M
Net income$296.0M$414.0M$318.0M$532.0M$7.0M$466.0M
Depreciation and amortization$391.0M$408.0M$348.0M$514.0M$337.0M$117.0M
Cash collateral, net$0.0$37.0M-$15.0M-$19.0M$1.0M$14.0M
Ohio settlement customer restitution and refunds (Note 8.)$0.0$0.0———-$163.0M
Impairment of assets and other charges$35.5M$88.0M$88.0M$88.0M$88.0M—
Employee benefit plan funding and related payments$15.0M$12.0M$12.0M$14.0M$11.0M$11.0M
Transmission Revenue Collection, Net-$73.0M-$40.0M-$63.0M-$38.0M-$56.0M-$38.0M
Pension and postretirement benefit expense$0.0-$3.0M$3.0M$12.0M-$12.0M-$5.0M

Financing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Proceeds from issuance of debt$900.0M$0.0$4.1B$1.8B$0.0$850.0M
Repayments of debt$1.1B$324.0M$1.8B$24.0M$950.0M$325.0M
Dividends paid$245.0M$245.0M$257.0M$257.0M$257.0M$257.0M
Net cash from financing activities$34.0M$465.0M$690.0M$1.4B—$1.2B
Other financing activities-$11.0M-$27.0M-$87.0M-$22.0M-$9.0M-$18.0M
Distributions to Affiliates$35.0M$24.0M$25.0M$25.0M$26.0M$25.0M

Free Cash Flow

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Free cash flow-$250.0M-$368.0M-$136.0M-$471.0M-$30.0M-$1.1B

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Net increase (decrease) in cash-$311.0M$9.0M$451.0M$817.0M-$1.3B-$19.0M
Accrued payables for capital expenditures$19.0M$285.0M$40.0M-$9.0M$45.0M$412.0M