Filing Flows › Firstenergy (FE) › Q2 2025
Firstenergy (FE) Q2 2025 earnings results (second quarter 2025)
10-Q filed Jul 30, 2025
Firstenergy (FE) reported revenue of $3.4B for the second quarter 2025 (Q2 2025), +3% from a year earlier and -10% from the quarter before. Operating margin was 19.1%, net earnings $268M (7.9% of revenue).
Firstenergy, Q2 2025: revenue $3.4B (+3% year over year), operating margin 19.1%, net earnings $268M, operating cash flow $1.1B. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.4B | -10% | +3% |
| Operating profit | $646M | -14% | +53% |
| Net earnings | $268M | -26% | +496% |
| Operating cash flow | $1.1B | +70% | -3% |
What changed
Revenue was $3.4B in Q2 2025, up 3% year over year and down 10% from the previous quarter. Distribution services and retail generation was the largest line at 80% of revenue. Distribution services and retail generation added $0.08B year over year (up 3%), 81% of the total change. Transmission declined 3%.
Operating profit was $0.65B, a 19.1% margin (up 6.2 points year over year). Of the extra revenue versus a year earlier, 223% reached operating profit, above the 13% margin then. Total costs fell 4% while revenue rose 3%. Net earnings were $0.27B, up 496% year over year. The effective tax rate was 21.7%.
Operating cash flow was $1.1B (down 3% year over year), 340% of net income including minority interests. Non-cash charges added back $0.41B of depreciation. Working capital and other items added $0.35B. Capital expenditures of $1.2B exceeded it, leaving free cash flow of −$0.14B.
Questions
What was Firstenergy's revenue in the second quarter 2025?
Firstenergy (FE) reported revenue of $3.4B for the second quarter 2025 (Q2 2025), +3% from a year earlier and -10% from the quarter before.
Was Firstenergy profitable in the second quarter 2025?
Operating profit was $646M (19.1% of revenue) and net earnings $268M.
Source: Firstenergy 10-Q on SEC EDGAR.