Filing Flows › Firstenergy (FE) › Q1 2025
Firstenergy (FE) Q1 2025 earnings results (first quarter 2025)
10-Q filed Apr 30, 2025
Firstenergy (FE) reported revenue of $3.8B for the first quarter 2025 (Q1 2025), +15% from a year earlier and +19% from the quarter before. Operating margin was 20.0%, net earnings $360M (9.6% of revenue).
Firstenergy, Q1 2025: revenue $3.8B (+14% year over year), operating margin 20.0%, net earnings $360M, operating cash flow $637M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.8B | +19% | +15% |
| Operating profit | $754M | +23% | +23% |
| Net earnings | $360M | +38% | +42% |
| Operating cash flow | $637M | -39% | — |
What changed
Revenue was $3.8B in Q1 2025, up 15% year over year and up 19% from the previous quarter. Distribution services and retail generation was the largest line at 82% of revenue. Distribution services and retail generation added $0.39B year over year (up 14%), 81% of the total change.
Operating profit was $0.75B, a 20.0% margin (up 1.4 points year over year). Of the extra revenue versus a year earlier, 30% reached operating profit, above the 19% margin then. Total costs grew 13% against revenue growth of 15%. Net earnings were $0.36B, up 42% year over year. The effective tax rate was 23.3%.
Operating cash flow was $0.64B, 154% of net income including minority interests. Non-cash charges added back $0.41B of depreciation. Working capital and other items used $0.19B. Capital expenditures of $1.0B exceeded it, leaving free cash flow of −$0.37B.
Questions
What was Firstenergy's revenue in the first quarter 2025?
Firstenergy (FE) reported revenue of $3.8B for the first quarter 2025 (Q1 2025), +15% from a year earlier and +19% from the quarter before.
Was Firstenergy profitable in the first quarter 2025?
Operating profit was $754M (20.0% of revenue) and net earnings $360M.
Source: Firstenergy 10-Q on SEC EDGAR.