Filing Flows › Firstenergy (FE) › Q4 2025
Firstenergy (FE) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 18, 2026
Firstenergy (FE) reported revenue of $3.8B for the fourth quarter 2025 (Q4 2025), +20% from a year earlier and -8% from the quarter before. Operating margin was -0.6%, net earnings $7.0M (0.2% of revenue).
Firstenergy, Q4 2025: revenue $3.8B (+20% year over year), operating margin -0.6%, net earnings $7.0M, operating cash flow $1.1B. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.8B | -8% | +20% |
| Operating profit | −$24.0M | -103% | -104% |
| Net earnings | $7.0M | -98% | -97% |
| Operating cash flow | $1.1B | +34% | +9% |
What changed
Revenue was $3.8B in Q4 2025, up 20% year over year and down 8% from the previous quarter. Distribution services and retail generation was the largest line at 80% of revenue.
Operating costs exceeded revenue by $0.02B, an operating margin of -0.6%. Total costs grew 49% against revenue growth of 20%. Net earnings were −$0.05B. The tax line was a benefit of $4.0M on pre-tax earnings of $3.0M. Non-operating items added $0.03B, 900% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $1.1B (up 9% year over year), 16229% of net income including minority interests. Non-cash charges added back $0.42B of depreciation. Working capital and other items added $0.71B. Capital expenditures of $1.2B exceeded it, leaving free cash flow of −$0.03B.
Questions
What was Firstenergy's revenue in the fourth quarter 2025?
Firstenergy (FE) reported revenue of $3.8B for the fourth quarter 2025 (Q4 2025), +20% from a year earlier and -8% from the quarter before.
Was Firstenergy profitable in the fourth quarter 2025?
Operating loss was $24.0M (-0.6% of revenue) and net earnings $7.0M.
Source: Firstenergy 10-K on SEC EDGAR.