FirstEnergy Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Revenue	14,311	12,938	12,269	11,588	10,428
Other Revenue	590	348	416	680	515
Revenue	14,901	13,286	12,685	12,268	10,943
Revenue Growth (YoY)	12.16%	4.74%	3.40%	12.11%	3.17%
Fuel & Purchased Power	5,235	4,376	4,646	4,593	3,445
Selling, General & Admin	113	91	79	73	71
Depreciation & Amortization	1,664	1,581	1,461	1,375	1,302
Other Operating Expenses	4,578	4,789	4,386	3,939	3,248
Total Operating Expenses	11,590	10,837	10,572	9,980	8,066
Operating Income	3,311	2,449	2,113	2,288	2,877
Interest Expense	-1,140	-1,071	-1,071	-1,011	-1,112
Net Interest Expense	-1,140	-1,071	-1,071	-1,011	-1,112
Income (Loss) on Equity Investments	-	58	175	168	31
Allowance for Equity Funds for Construction	108	60	44	56	48
Other Non-Operating Income (Expenses)	-344	208	254	109	-162
EBT Excluding Unusual Items	1,935	1,704	1,515	1,610	1,682
Gain (Loss) on Sale of Assets	-	-	-	-	109
Asset Writedown	-352	-115	-15	-	-
Other Unusual Items	-24	-85	-36	-171	-232
Pretax Income	1,559	1,504	1,464	1,439	1,559
Income Tax Expense	288	377	267	1,000	320
Earnings From Continuing Ops.	1,271	1,127	1,197	439	1,239
Earnings From Discontinued Ops.	-	-	-21	-	44
Net Income to Company	1,271	1,127	1,176	439	1,283
Minority Interest in Earnings	-251	-149	-74	-33	-
Net Income	1,020	978	1,102	406	1,283
Net Income to Common	1,020	978	1,102	406	1,283
Net Income Growth	4.29%	-11.25%	171.43%	-68.36%	18.91%
Shares Outstanding (Basic)	577	575	573	571	545
Shares Outstanding (Diluted)	578	577	574	572	546
Shares Change (YoY)	0.17%	0.52%	0.35%	4.76%	0.55%
EPS (Basic)	1.77	1.70	1.92	0.71	2.35
EPS (Diluted)	1.76	1.70	1.92	0.71	2.35
EPS Growth	3.53%	-11.61%	170.88%	-69.80%	18.12%
Free Cash Flow	-1,005	-1,139	-1,969	-165	324
Free Cash Flow Per Share	-1.74	-1.97	-3.43	-0.29	0.59
Dividend Per Share	1.760	1.685	1.580	1.560	1.560
Dividend Growth	4.45%	6.65%	1.28%	-	-
Profit Margin	6.84%	7.36%	8.69%	3.31%	11.72%
Free Cash Flow Margin	-6.74%	-8.57%	-15.52%	-1.34%	2.96%
EBITDA	5,027	4,126	3,629	3,970	4,272
EBITDA Margin	33.74%	31.05%	28.61%	32.36%	39.04%
D&A For EBITDA	1,716	1,677	1,516	1,682	1,395
EBIT	3,311	2,449	2,113	2,288	2,877
EBIT Margin	22.22%	18.43%	16.66%	18.65%	26.29%
Effective Tax Rate	18.47%	25.07%	18.24%	69.49%	20.53%
Revenue as Reported	15,090	13,472	12,870	12,459	11,132

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Utility template. Financial Sources.

SEC Filings: 10-K · 10-Q