Filing Flows › Firstenergy (FE) › Q3 2025
Firstenergy (FE) Q3 2025 earnings results (third quarter 2025)
10-Q filed Oct 28, 2025
Firstenergy (FE) reported revenue of $4.1B for the third quarter 2025 (Q3 2025), +11% from a year earlier and +23% from the quarter before. Operating margin was 20.0%, net earnings $441M (10.6% of revenue).
Firstenergy, Q3 2025: revenue $4.1B (+11% year over year), operating margin 20.0%, net earnings $441M, operating cash flow $845M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $4.1B | +23% | +11% |
| Operating profit | $830M | +28% | +14% |
| Net earnings | $441M | +65% | +5% |
| Operating cash flow | $845M | -22% | +9% |
What changed
Revenue was $4.1B in Q3 2025, up 11% year over year and up 23% from the previous quarter. Distribution services and retail generation was the largest line at 81% of revenue. Distribution services and retail generation added $0.30B year over year (up 10%), 73% of the total change.
Operating profit was $0.83B, a 20.0% margin (up 0.5 points year over year). Of the extra revenue versus a year earlier, 25% reached operating profit, above the 19% margin then. Total costs grew 11% against revenue growth of 11%. Net earnings were $0.44B, up 5% year over year. The effective tax rate was 12.8%.
Operating cash flow was $0.84B (up 9% year over year), 159% of net income including minority interests. Non-cash charges added back $0.42B of depreciation. Working capital and other items used $0.10B. Capital expenditures of $1.3B exceeded it, leaving free cash flow of −$0.47B.
Questions
What was Firstenergy's revenue in the third quarter 2025?
Firstenergy (FE) reported revenue of $4.1B for the third quarter 2025 (Q3 2025), +11% from a year earlier and +23% from the quarter before.
Was Firstenergy profitable in the third quarter 2025?
Operating profit was $830M (20.0% of revenue) and net earnings $441M.
Source: Firstenergy 10-Q on SEC EDGAR.