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How Firstenergy (FE) makes money
Firstenergy (FE) made $3.7B of revenue in the second quarter 2026 (Q2 2026), +9% from a year earlier. Distribution services and retail generation brought in $2.8B (76%); Transmission brought in $686M (19%); Other brought in $205M (6%). Of every dollar of revenue, 18¢ was left as operating profit, 8¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q2 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Distribution services and retail generation | $2.8B | 75.8% | -14% | +3% |
| Transmission | $686M | 18.7% | +9% | +22% |
| Other | $205M | 5.6% | -38% | +71% |
Where each dollar of revenue goes
| Line | Q2 2026 | % of revenue |
|---|---|---|
| Revenue | $3.7B | 100.0% |
| Operating profit | $677M | 18.4% |
| Income tax | $92.0M | 2.5% |
| Net earnings | $288M | 7.8% |
| Operating cash flow | $989M | 26.9% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q2 2026 | $3.7B | +9% |
| Q1 2026 | $4.2B | +12% |
| Q4 2025 | $3.8B | +20% |
| Q3 2025 | $4.1B | +11% |
| Q2 2025 | $3.4B | +3% |
| Q1 2025 | $3.8B | +14% |
| Q4 2024 | $3.2B | +1% |
From Firstenergy's 10-Q filed Jul 28, 2026 (on EDGAR).
Questions
How does Firstenergy make money?
Firstenergy (FE) made $3.7B of revenue in the second quarter 2026 (Q2 2026), +9% from a year earlier. Distribution services and retail generation brought in $2.8B (76%); Transmission brought in $686M (19%); Other brought in $205M (6%). Of every dollar of revenue, 18¢ was left as operating profit, 8¢ was left as net earnings.
What is Firstenergy's biggest business?
Distribution services and retail generation: $2.8B in the second quarter 2026, 76% of revenue, +3% from a year earlier.
What is Firstenergy's profit margin?
Net earnings were $288M, 7.8% of revenue, in the second quarter 2026; the operating margin was 18.4%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.