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FIRSTENERGY CORP

For the period ended Mar 31, 2026. Filed Apr 28, 2026.

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About this filing

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, 2026 · Filed Apr 28, 2026

FE$46.62+0.4%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Consolidated Balance Sheets

(In millions, except share amounts)March 31, 2026December 31,2025
ASSETS
CURRENT ASSETS:
Cash and cash equivalents$52$57
Restricted cash2842
Receivables-
Customers1,6971,783
Less — Allowance for uncollectible customer receivables5257
1,6451,726
Other, net of allowance for uncollectible accounts of $13 in 2026 and $11 in 2025323295
Materials and supplies, at average cost582577
Prepaid taxes and other418282
3,0482,979
PROPERTY, PLANT AND EQUIPMENT:
In service56,76656,213
Less — Accumulated provision for depreciation15,42715,189
41,33941,024
Construction work in progress3,9113,389
45,25044,413
INVESTMENTS AND OTHER NONCURRENT ASSETS:
Goodwill5,6185,618
Investments638641
Regulatory assets1,092829
Other1,2711,424
8,6198,512
TOTAL ASSETS(1)$56,917$55,904
LIABILITIES AND EQUITY
CURRENT LIABILITIES:
Currently payable long-term debt$424$723
Short-term borrowings1,305325
Accounts payable2,0272,002
Accrued interest298373
Accrued taxes744768
Accrued compensation and benefits226286
Dividends payable269257
Customer deposits254250
Other294287
5,8415,271
NONCURRENT LIABILITIES:
Long-term debt and other long-term obligations26,33125,508
Accumulated deferred income taxes6,2066,032
Retirement benefits1,4711,469
Regulatory liabilities8771,185
Other2,0852,513
36,97036,707
TOTAL LIABILITIES(1)42,81141,978
EQUITY:
Common stockholders’ equity-
Common stock, $0.10 par value, authorized 700,000,000 shares - 578,431,175 and 577,851,052 shares outstanding as of March 31, 2026, and December 31, 2025, respectively.5858
Other paid-in capital12,43912,431
Accumulated other comprehensive loss(14)(14)
Retained earnings17135
Total common stockholders’ equity12,65412,510
Noncontrolling interest1,4521,416
TOTAL EQUITY14,10613,926
COMMITMENTS, GUARANTEES AND CONTINGENCIES (NOTE 9.)
TOTAL LIABILITIES AND EQUITY$56,917$55,904

(1)As of March 31, 2026 and December 31, 2025, the combined assets of the VIEs were $13,558 million and $13,270 million, respectively, that can only be used to settle obligations of the VIEs. As of March 31, 2026 and December 31, 2025, respectively, these assets include: Cash and cash equivalents of $6 million and $8 million, Restricted cash of $27 million and $40 million, Accounts receivable of $90 million and $92 million, Materials and supplies, at average cost of $1 million as of March 31, 2026 and December 31, 2025, Prepaid taxes and other current assets of $20 million and $41 million, Property, plant, and equipment of $12,769 million and $12,475 million, Goodwill of $224 million as of March 31,

2026 and December 31, 2025, Investments of $19 million as of March 31, 2026 and December 31, 2025, Regulatory assets of $145 million and $22 million, and Other noncurrent assets of $257 million and $348 million. The consolidated liabilities as of March 31, 2026 and December 31, 2025, include $9,966 million and $9,933 million, respectively, of liabilities of VIEs whose creditors have no recourse to FE. As of March 31, 2026 and December 31, 2025, respectively, these liabilities include: Currently payable long-term debt of $127 million and $126 million, Short-term borrowings of $320 million and $245 million, Accrued interest of $84 million and $108 million, Accrued taxes of $331 million and $335 million, Other current liabilities of $7 million and $9 million, Long-term debt and other long-term obligations of $6,868 million and $6,893 million, Accumulated deferred income taxes of $1,591 million and $1,540 million, Regulatory liabilities of $468 million and $346 million, and Other noncurrent liabilities of $170 million and $331 million.

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.