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FirstEnergy

FE

FirstEnergy Corp. is one of the largest investor-owned electric systems in the United States, primarily focused on the transmission, distribution, and generation of electricity.

Market cap
$27.55B+17.8%
Revenue$15.5B+11.3%
Net income$1.1B+2.7%
Free cash flow-$1.7B-4.0%
EPS (diluted)$1.92+1.6%
Trailing twelve months · change vs. prior year

Earnings

Next report

Jul 28, 2026 (In 2 weeks)
Revenue estimate$3.6B
EPS estimate$0.56

Financials

Q1 2026

Income statement

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Revenue$4.2B+11.6%
Operating income$828.0M+9.8%
Net income$405.0M+12.5%
EPS (diluted)$0.70+12.9%

Balance sheet

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Cash & equivalents$52.0M-60.6%
Total debt$27.6B+20.9%
Total equity$12.7B+0.7%
Total assets$56.9B+7.9%

Cash flow

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Operating cash flow$148.0M-76.8%
CapEx$1.3B+24.9%
Free cash flow-$1.1B-201%

Valuation & ratios

Valuation

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Market cap$27.82B+17.8%
Enterprise value$55.41B+18.4%
P/E25×+7.2×
P/S1.8×+0.1×

Profitability

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Operating margin14.8%-3.2pp
Net margin7.2%-0.6pp
FCF margin-11.2%

Returns & leverage

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Return on equity8.8%+0.1pp
Debt / equity2.2×+0.4×
Current ratio0.5×+0.1×

Segments

By product

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Transmission$190.0M+18.0%
Other revenue from contracts with customers$18.0M0.0%
Alternative Revenue Program$13.0M
Wholesale$10.0M+150%
Eliminations and reconciling adjustments-$17.0M-13.3%

By segment

See full
Distribution Segment$2.0B+2.9%
Integrated$1.7B
Integrated Segment$1.5B+14.6%

Competitors

Profile

FirstEnergy Corp. is one of the largest investor-owned electric systems in the United States, primarily focused on the transmission, distribution, and generation of electricity. The company operates a vast network of transmission lines and serves over six million customers across the Midwest and Mid-Atlantic regions. Its core value proposition lies in providing regulated utility services through a diverse portfolio of operating companies that manage a significant rate base across multiple states.

Competitive position

FirstEnergy maintains a dominant, non-competitive position in its regulated distribution territories while facing increasing competition in the transmission sector from non-incumbent developers under FERC Order No. 1000.

GeographiesOhio, Pennsylvania, West Virginia, Maryland, New Jersey, New York, Virginia
Customer segmentsResidential, Commercial, Industrial, Public Sector
Business modelRegulated Utility, Cost-plus Pricing, Infrastructure Operator
SuppliersCoal Suppliers, Solar Equipment Manufacturers, Natural Gas Suppliers, Electrical Grid Component Manufacturers
CustomersResidential Households, Commercial Businesses, Industrial Manufacturing Plants, Government Agencies
Listed1997
Employees12.0K
CEOBrian X. Tierney
SectorUtilities
FilingsSEC EDGAR

Questions, answered.

What is FirstEnergy's market cap?
FirstEnergy (FE) has a market capitalization of $27.6B and trades on NYSE.
What is FirstEnergy's revenue and profitability?
FirstEnergy generated $15.5B in trailing twelve-month revenue with net income of $1.1B, representing a net margin of 7.2%, with free cash flow of -$1.7B. These figures are based on the Q1 2026 filing.
Who are FirstEnergy's competitors?
FirstEnergy's key competitors include Exelon, American Electric Power, Public Service Enterprise Group, and others. These companies compete in similar markets and product categories.
Who does FirstEnergy partner with?
FirstEnergy's notable partners include Brookfield, Dominion Energy, PJM Interconnection.
What subsidiaries does FirstEnergy have?
FirstEnergy's subsidiaries include Ohio Edison, Jersey Central Power & Light, Monongahela Power, and others.
Where is FirstEnergy headquartered?
FirstEnergy is headquartered in United States of America and employs approximately 12,042 people. It has been publicly traded since 1997.