Filing Flows › Firstenergy (FE) › Q2 2026 › vs Q1 2026
Firstenergy (FE) Q2 2026 vs Q1 2026 (quarter over quarter)
Firstenergy's revenue fell $524M (-12%) from $4.2B in Q1 2026 to $3.7B in Q2 2026. The biggest changes: Distribution services and retail generation −$457M (-14%); Other −$125M (-38%); Transmission +$58.0M (+9%). Operating margin 18.4% against 19.7% (-1.3 pts).
Firstenergy, Q2 2026: revenue $3.7B (+9% year over year), operating margin 18.4%, net earnings $288M, operating cash flow $989M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Operating margin | 18.4% | 19.7% | -1.3 pts |
| Net margin | 7.8% | 9.6% | -1.8 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Distribution services and retail generation | $2.8B | $3.2B | −$457M | -14% |
| Transmission | $686M | $628M | $58.0M | +9% |
| Other | $205M | $330M | −$125M | -38% |
| Revenue | $3.7B | $4.2B | −$524M | -12% |
| Operating profit | $677M | $828M | −$151M | -18% |
| Costs & expenses | $3.0B | $3.4B | −$373M | -11% |
| Pre-tax earnings | $444M | $604M | −$160M | -26% |
| Other expense, net | $233M | $224M | $9.0M | +4% |
| Net earnings | $288M | $405M | −$117M | -29% |
| Minority interests | $64.0M | $61.0M | $3.0M | +5% |
| Income tax | $92.0M | $138M | −$46.0M | -33% |
| Depreciation | $424M | $421M | $3.0M | +0.7% |
| Working capital & other | $277M | −$678M | $955M | — |
| Operating cash flow | $989M | $148M | $841M | +568% |
| Capital expenditures | $1.3B | $1.3B | $90.0M | +7% |
| Negative free cash flow (OCF − capex) | $356M | $1.1B | −$751M | -68% |
Questions
How much did Firstenergy's revenue grow quarter over quarter in Q2 2026?
Firstenergy's revenue fell $524M (-12%) from $4.2B in Q1 2026 to $3.7B in Q2 2026.
What drove Firstenergy's revenue change in Q2 2026?
Distribution services and retail generation −$457M (-14%); Other −$125M (-38%); Transmission +$58.0M (+9%).