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FirstEnergy FE Distribution services and retail generation — Revenue

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Other financials

Income statement

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Revenue$3.7B+8.8%
Operating income$677.0M+4.8%
Net income$288.0M+7.5%
EPS (diluted)$0.50+8.7%

Balance sheet

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Cash & equivalents$63.0M-88.9%
Total debt$28.5B+17.9%
Total equity$12.9B+0.7%
Total assets$58.2B+7.4%

Cash flow

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Operating cash flow$989.0M-8.6%
CapEx$1.3B+10.4%
Free cash flow-$356.0M-162%

Valuation

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Market cap$27.41B+9.8%
Enterprise value$55.83B+15.0%
P/E24.2×+5.1×
P/S1.7×0.0×

Profitability

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Operating margin14.8%-4.7pp
Net margin7.2%-2.1pp
FCF margin-12.4%+42.5pp

Returns & leverage

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Return on equity8.8%-1.5pp
Debt / equity2.2×+0.3×
Current ratio0.5×-0.1×

Where this comes from

Reported directly by FirstEnergy in its filing.

Tagged under the XBRL concept us-gaap:Revenues.

The source filing: FirstEnergy’s 10-Q, filed July 28, 2026.

Filed
Jul 28, 2026, 5:03 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001031296-26-000123
(In millions, except per share amounts)For the Three Months Ended June 30, 2026For the Three Months Ended June 30, 2025For the Six Months Ended June 30, 2026For the Six Months Ended June 30, 2025
REVENUES:
Distribution services and retail generation$2,787$2,698$6,031$5,779
Transmission6865621,3141,148
Other205120535218
Total revenues(1)3,6783,3807,8807,145
OPERATING EXPENSES:
Fuel156168317317
Purchased power1,1579532,5862,041

ITEM 1. Financial Statements

FAQ

What is FirstEnergy's distribution services and retail generation — revenue?
FirstEnergy (FE) reported distribution services and retail generation — revenue of $2.79B in Q2 2026.
How has FirstEnergy's distribution services and retail generation — revenue changed year-over-year?
FirstEnergy's distribution services and retail generation — revenue increased by 3.3% year-over-year, from $2.7B to $2.79B.
What is the long-term trend for FirstEnergy's distribution services and retail generation — revenue?
Over 4 years (2021 to 2025), FirstEnergy's distribution services and retail generation — revenue has grown at a 7.9% compound annual growth rate (CAGR), from $9.01B to $12.19B.
What does distribution services and retail generation — revenue mean?
This metric represents the total gross income generated by the company's core utility operations, specifically focusing on the delivery of electricity to end-use customers and the provision of retail generation services. It reflects the scale of the company's regulated utility footprint and its ability to monetize energy distribution infrastructure across its service territories. This revenue stream is primarily driven by regulatory rate structures and customer demand within the designated service regions.

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