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FirstEnergy FE Q4 2025 Annual earnings

Reported February 17, 2026 · After market close

Revenue$3.8BBeat by $733.5MDiluted EPS$0.53Miss by $0.01
Revenue estimate$3.1B
EPS estimate$0.54

Next report

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

Financials

Q4 2025

Income statement

See full
Revenue$3.8B+19.6%
Operating income--100%
Net income--100%
EPS (diluted)$0.00-100%

Balance sheet

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Cash & equivalents$57.0M-48.6%
Total debt$26.1B+12.1%
Total equity$12.5B+0.4%
Total assets$55.9B+7.4%

Cash flow

See full
Operating cash flow$1.1B+8.8%
CapEx$1.2B-9.9%
Free cash flow-$30.0M+88.0%

Valuation & ratios

Valuation

as of 12/31/25
See full
Market cap$25.86B+12.8%
Enterprise value$51.94B+12.6%
P/E24.2×+0.8×
P/S1.7×0.0×

Profitability

See full
Operating margin14.8%-2.9pp
Net margin7.1%-0.2pp
FCF margin-6.7%—

Returns & leverage

See full
Return on equity8.6%0.0pp
Debt / equity2.1×+0.2×
Current ratio0.6×0.0×

Segments

By product

See full
Transmission$105.0M+8.2%
Other revenue from contracts with customers$17.0M-5.6%
Wholesale$6.0M+100%
Eliminations and reconciling adjustments-$15.0M0.0%

By segment

See full
Distribution Segment$1.9B+17.8%
Integrated$1.4B+23.4%
Integrated Segment$1.4B+23.1%

Versus estimates

Revenue

Q1 2026$4.2BBeat by $399.3M
Q4 2025$3.8BBeat by $733.5M
Q3 2025$4.1BBeat by $261.6MQ2 2025$3.4BBeat by $44.2MQ1 2025$3.8BBeat by $240.1MQ4 2024$3.2BMiss by $227.2M

Diluted EPS

Q1 2026$0.72In line
Q4 2025$0.53Miss by $0.01
Q3 2025$0.83Beat by $0.09Q2 2025$0.52Beat by $0.03Q1 2025$0.67Beat by $0.06Q4 2024$0.67Miss by $0.04

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Questions, answered.

When did FirstEnergy report Q4 2025 earnings?
FirstEnergy (FE) reported Q4 2025 earnings on February 17, 2026 after market close.
What were FirstEnergy's Q4 2025 revenue and EPS?
FirstEnergy reported revenue of $3.8B and diluted EPS of $0.53 for Q4 2025.
Did FirstEnergy beat estimates in Q4 2025?
Revenue beat the consensus estimate of $3.1B by $733.5M. EPS missed the consensus estimate of $0.54 by $0.01.
How did FirstEnergy's Q4 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 19.6% from $3.2B a year earlier and diluted EPS declined 20.9% from $0.67.
Where can I find FirstEnergy's Q4 2025 SEC filings?
You can read the 8-K earnings release (0001031296-26-000041) and the 10-K periodic report (0001031296-26-000046) directly on SEC EDGAR. The filing index links above go to sec.gov.