Utilities
Price
$48.53
+3.10%Market Cap
$28.07B
Day High
$48.62
Day Low
$47.31
FirstEnergy (FE) delivered solid Q1 FY2026 results with revenue up 11.6% YoY to $4.20B and net income rising 12.5% to $405M, though operating cash flow dropped sharply by 76.8% to $148M amid heavy capital investment and increased leverage.
Key risk: Elevated Leverage and Debt Load
Total liabilities rose 10.0% YoY to $42.81B against stockholders' equity of $12.65B, yielding a debt-to-equity ratio of approximately 3.38x. This high leverage increases FE's sensitivity to interest rate changes and could constrain financial flexibility if capital markets tighten.
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