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FirstEnergy FE Construction work in progress

Construction work in progress at other companies

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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$27.65B+10.2%
Enterprise value$56.07B+15.2%
P/E24.4×+5.2×
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:PublicUtilitiesPropertyPlantAndEquipmentConstructionWorkInProgress.

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 share amounts)June 30,2026December 31,2025
In service57,96856,213
Less — Accumulated provision for depreciation15,60615,189
42,36241,024
Construction work in progress3,9253,389
46,28744,413
INVESTMENTS AND OTHER NONCURRENT ASSETS:
Goodwill5,6185,618
Investments635641

ITEM 1. Financial Statements

FAQ

What is FirstEnergy's construction work in progress?
FirstEnergy (FE) reported construction work in progress of $3.93B in Q2 2026.
How has FirstEnergy's construction work in progress changed year-over-year?
FirstEnergy's construction work in progress increased by 18.1% year-over-year, from $3.32B to $3.93B.
What is the long-term trend for FirstEnergy's construction work in progress?
Over 2 years (2023 to 2025), FirstEnergy's construction work in progress has grown at a 26.6% compound annual growth rate (CAGR), from $2.12B to $3.39B.
What does construction work in progress mean?
This represents the accumulated costs for utility infrastructure projects that are currently in the development or construction phase and not yet operational. It serves as a leading indicator of future rate base growth once these assets are placed into service. Monitoring this helps investors gauge the company's capital expenditure pipeline.

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