Construction work in progress
FirstEnergy Construction work in progress increased by 15.4% to $3.91B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 33.4%, from $2.93B to $3.91B. Over 2 years (FY 2023 to FY 2025), Construction work in progress shows an upward trend with a 26.6% CAGR.
Analysis
How to read this metric
An increase suggests significant ongoing capital investment for future capacity expansion, while a decrease may indicate project completions or reduced infrastructure spending.
Detailed definition
Represents the total costs incurred for utility infrastructure projects, such as power plants and transmission lines, th...
Peer comparison
Common across all regulated utilities; peers with higher growth targets typically maintain higher WIP balances.
utility_construction_wipHistorical Data
| Q4 '23 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|
| Value | $2.12B | $2.75B | $2.93B | $3.32B | $3.74B | $3.39B | $3.91B |
| QoQ Change | — | +30.2% | +6.5% | +13.4% | +12.6% | -9.4% | +15.4% |
| YoY Change | — | +30.2% | — | — | — | +23.1% | +33.4% |
Business Segments
| Segment | Q4 '21 | Q4 '22 | Q4 '23 | Q4 '24 | Q4 '25 |
|---|---|---|---|---|---|
| Stand-Alone Transmission | — | — | — | $986.00M | $1.33B |
| Integrated Segment | — | — | — | $1.08B | $1.31B |
| Distribution | — | — | — | — | $682.00M |
| Corporate/Other | $60.00M | $47.00M | $48.00M | — | — |
| Regulated Transmission | $580.00M | $818.00M | $1.21B | — | — |
| Utilities and Transmission Companies | $774.00M | $828.00M | $860.00M | — | — |
| Total | — | — | $2.12B | $2.75B | $3.39B |
Corporate/Other, Distribution, Integrated Segment, Regulated Transmission, Stand-Alone Transmission, Utilities and Transmission Companies were previously reported and have since been discontinued or reclassified. Only currently active segments are shown in the chart.
Construction work in progress at Other Companies
Frequently Asked Questions
- What is FirstEnergy's construction work in progress?
- FirstEnergy (FE) reported construction work in progress of $3.91B in Q1 2026.
- How has FirstEnergy's construction work in progress changed year-over-year?
- FirstEnergy's construction work in progress increased by 33.4% year-over-year, from $2.93B to $3.91B.
- What is the long-term trend for FirstEnergy's construction work in progress?
- Over 2 years (2023 to 2025), FirstEnergy's construction work in progress has grown at a 26.6% compound annual growth rate (CAGR), from $2.12B to $3.39B.
- What does construction work in progress mean?
- The total cost of utility infrastructure projects currently being built but not yet operational.