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FirstEnergy FE Transmission — 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$27.95B+10.4%
Enterprise value$56.37B+15.3%
P/E24.7×+5.3×
P/S1.8×0.0×

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 transmission — revenue?
FirstEnergy (FE) reported transmission — revenue of $686M in Q2 2026.
How has FirstEnergy's transmission — revenue changed year-over-year?
FirstEnergy's transmission — revenue increased by 988.9% year-over-year, from $63M to $686M.
What is the long-term trend for FirstEnergy's transmission — revenue?
Over 4 years (2021 to 2025), FirstEnergy's transmission — revenue has grown at a 15.2% compound annual growth rate (CAGR), from $1.61B to $2.84B.
What does transmission — revenue mean?
The total gross income generated by the transmission segment from its core utility services, including transmission tariffs and other regulated service charges. This reflects the top-line performance of the transmission business.

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