Filing Flows › Firstenergy (FE) › Q1 2026
Firstenergy (FE) Q1 2026 earnings results (first quarter 2026)
10-Q filed Apr 28, 2026
Firstenergy (FE) reported revenue of $4.2B for the first quarter 2026 (Q1 2026), +12% from a year earlier and +11% from the quarter before. Operating margin was 19.7%, net earnings $405M (9.6% of revenue).
Firstenergy, Q1 2026: revenue $4.2B (+12% year over year), operating margin 19.7%, net earnings $405M, operating cash flow $148M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $4.2B | +11% | +12% |
| Operating profit | $828M | — | +10% |
| Net earnings | $405M | — | +12% |
| Operating cash flow | $148M | -87% | -77% |
What changed
Revenue was $4.2B in Q1 2026, up 12% year over year and up 11% from the previous quarter. Distribution services and retail generation was the largest line at 77% of revenue. Other added $0.23B year over year (up 237%), 53% of the total change.
Operating profit was $0.83B, a 19.7% margin (down 0.3 points year over year). Of the extra revenue versus Q1 2025, 17% reached operating profit, below the 20% margin then. Total costs grew 12% against revenue growth of 12%. Net earnings were $0.41B, up 12% year over year. The effective tax rate was 22.8%.
Operating cash flow was $0.15B (down 77% year over year), 32% of net income including minority interests. Non-cash charges added back $0.42B of depreciation. Working capital and other items used $0.74B. Capital expenditures of $1.3B exceeded it, leaving free cash flow of −$1.1B.
Questions
What was Firstenergy's revenue in the first quarter 2026?
Firstenergy (FE) reported revenue of $4.2B for the first quarter 2026 (Q1 2026), +12% from a year earlier and +11% from the quarter before.
Was Firstenergy profitable in the first quarter 2026?
Operating profit was $828M (19.7% of revenue) and net earnings $405M.
Source: Firstenergy 10-Q on SEC EDGAR.