FIRSTENERGY CORP
For the period ended Mar 31, 2025. Filed Apr 30, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2025 · Filed Apr 30, 2025
FE$46.62+0.4%Stored close · as of Nov 9, 2026
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FirstEnergy Corp
CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME
| For the Three Months Ended March 31, | ||
|---|---|---|
| (In millions, except per share amounts) | 2025 | 2024 |
| REVENUES: | ||
| Distribution services and retail generation | $3,081 | $2,695 |
| Transmission | 586 | 515 |
| Other | 98 | 77 |
| Total revenues(1) | 3,765 | 3,287 |
| OPERATING EXPENSES: | ||
| Fuel | 149 | 105 |
| Purchased power | 1,088 | 1,036 |
| Other operating expenses | 1,034 | 1,006 |
| Provision for depreciation | 411 | 381 |
| Deferral of regulatory assets, net | (10) | (164) |
| General taxes | 339 | 311 |
| Total operating expenses | 3,011 | 2,675 |
| OPERATING INCOME | 754 | 612 |
| OTHER INCOME (EXPENSE): | ||
| Equity method investment earnings, net (Note 1) | — | 21 |
| Miscellaneous income, net | 36 | 44 |
| Interest expense | (288) | (305) |
| Capitalized financing costs | 38 | 30 |
| Total other expense | (214) | (210) |
| INCOME BEFORE INCOME TAXES | 540 | 402 |
| INCOME TAXES | 126 | 135 |
| NET INCOME | $414 | $267 |
| Income attributable to noncontrolling interest | 54 | 14 |
| EARNINGS ATTRIBUTABLE TO FIRSTENERGY CORP. | $360 | $253 |
| COMPREHENSIVE INCOME ATTRIBUTABLE TO FIRSTENERGY CORP. | $360 | $253 |
| EARNINGS PER SHARE ATTRIBUTABLE TO FIRSTENERGY CORP. (Note 3): | ||
| Basic | $0.62 | $0.44 |
| Diluted | $0.62 | $0.44 |
| WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING: | ||
| Basic | 577 | 574 |
| Diluted | 578 | 576 |
(1) Includes excise and gross receipts tax collections of $123 million and $115 million during the three months ended March 31, 2025 and 2024, respectively.
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