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FirstEnergy FE Integrated — Amortization (Deferral) Of Regulatory Assets, Net

Other segment segments

Distribution Segment
-$254M-1,237%

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OGS
OGSRegulatory assets
$61.49M+68.3%
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MDURegulatory assets
$190.68M+33.0%
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WTRGRegulatory Asset
$2.11B+8.7%

Other financials

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

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Market cap$27.5B+21.8%
Enterprise value$55.08B+19.4%
P/E24.7×+7.4×
P/S1.8×+0.2×

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×

Where this comes from

Reported directly by FirstEnergy in its filing.

Tagged under the XBRL concept fe:AmortizationDeferralOfRegulatoryAssetsNet.

The official record: FirstEnergy’s 10-Q, filed April 28, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is FirstEnergy's integrated — amortization (deferral) of regulatory assets, net?
FirstEnergy (FE) reported integrated — amortization (deferral) of regulatory assets, net of -$205M in Q1 2026.
How has FirstEnergy's integrated — amortization (deferral) of regulatory assets, net changed year-over-year?
FirstEnergy's integrated — amortization (deferral) of regulatory assets, net decreased by 2662.5% year-over-year, from $8M to -$205M.
What is the long-term trend for FirstEnergy's integrated — amortization (deferral) of regulatory assets, net?
Over 2 years (2022 to 2025), FirstEnergy's integrated — amortization (deferral) of regulatory assets, net has grown at a -69.4% compound annual growth rate (CAGR), from -$128M to -$12M.
What does integrated — amortization (deferral) of regulatory assets, net mean?
The net impact of amortizing regulatory assets or deferring costs as permitted by utility regulators. This reflects the unique accounting treatment where certain expenses are recovered from customers over future periods rather than immediately.