Strong Revenue and Earnings Growth
Revenue grew 11.6% YoY from $3.77B to $4.20B, while net income increased 12.5% from $360M to $405M, reflecting solid utility operations and rate base expansion. Basic and diluted EPS both rose 12.9% to $0.70.
FIRSTENERGY CORP is expected to release its Q2 2026 10-Q filing in the upcoming earnings season. Last quarter: 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.
Drawn from management commentary in the Q1 2026 10-Q:
Revenue grew 11.6% YoY from $3.77B to $4.20B, while net income increased 12.5% from $360M to $405M, reflecting solid utility operations and rate base expansion. Basic and diluted EPS both rose 12.9% to $0.70.
Operating margin edged down modestly from 20.03% to 19.70% YoY, suggesting that while revenues grew, operating costs rose at a slightly faster pace, consistent with ongoing infrastructure investment and inflationary cost pressures typical in regulated utilities.
Operating cash flow fell sharply by 76.8% YoY from $637M to $148M, which may reflect timing of working capital changes, regulatory asset movements, or higher cash taxes and interest payments in the quarter.
Revenue
$4.2B
++11.61% YoY
EPS (Basic)
$0.70
++12.90% YoY
Operating Income
$828M
++9.81% YoY
Add FE to your watchlist to get the AI analysis in your inbox within minutes of the 10-Q filing.