Filing Flows › Firstenergy (FE) › Q2 2026
Firstenergy (FE) Q2 2026 earnings results (second quarter 2026)
10-Q filed Jul 28, 2026
Firstenergy (FE) reported revenue of $3.7B for the second quarter 2026 (Q2 2026), +9% from a year earlier and -12% from the quarter before. Operating margin was 18.4%, net earnings $288M (7.8% of revenue).
Firstenergy, Q2 2026: revenue $3.7B (+9% year over year), operating margin 18.4%, net earnings $288M, operating cash flow $989M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.7B | -12% | +9% |
| Operating profit | $677M | -18% | +5% |
| Net earnings | $288M | -29% | +7% |
| Operating cash flow | $989M | +568% | -9% |
What changed
Revenue was $3.7B in Q2 2026, up 9% year over year and down 12% from the previous quarter. Distribution services and retail generation was the largest line at 76% of revenue. Transmission added $0.12B year over year (up 22%), 42% of the total change.
Operating profit was $0.68B, a 18.4% margin (down 0.7 points year over year). Of the extra revenue versus Q2 2025, 10% reached operating profit, below the 19% margin then. Total costs grew 10% against revenue growth of 9%. Net earnings were $0.29B, up 7% year over year. The effective tax rate was 20.7%.
Operating cash flow was $1.0B (down 9% year over year), 281% of net income including minority interests. Non-cash charges added back $0.42B of depreciation. Working capital and other items added $0.21B. Capital expenditures of $1.3B exceeded it, leaving free cash flow of −$0.36B.
Questions
What was Firstenergy's revenue in the second quarter 2026?
Firstenergy (FE) reported revenue of $3.7B for the second quarter 2026 (Q2 2026), +9% from a year earlier and -12% from the quarter before.
Was Firstenergy profitable in the second quarter 2026?
Operating profit was $677M (18.4% of revenue) and net earnings $288M.
Source: Firstenergy 10-Q on SEC EDGAR.