FIRSTENERGY CORP SEC 10-Q Report

FirstEnergy Corp, a leading energy company providing electricity to customers in the Midwest and Mid-Atlantic regions, has released its Form 10-Q report for the third quarter. The report highlights significant financial growth and operational efficiency, underscoring the company's robust performance in the energy sector.

Financial Highlights

FirstEnergy Corp reported impressive financial results for the third quarter, showcasing its strong market position and effective cost management strategies. Key financial metrics include:

• Total Revenues: $4,148 million, reflecting an increase from $3,729 million in the same period last year, driven by higher distribution services and retail generation revenues.
• Operating Income: $830 million, up from $727 million in the prior year, indicating improved operational efficiency and cost management.
• Net Income: $532 million, compared to $466 million in the previous year, showcasing strong financial performance.
• Earnings Attributable to FirstEnergy Corp.: $441 million, an increase from $419 million, highlighting the company's ability to generate shareholder value.
• Basic EPS: $0.76, up from $0.73, reflecting the company's improved profitability per share.
• Diluted EPS: $0.76, consistent with Basic EPS, indicating no significant dilution from convertible securities.

Business Highlights

FirstEnergy Corp's operational performance remains strong, with significant contributions from various business segments and geographical areas. Key business highlights include:

• Revenue Segments: FirstEnergy's revenue is segmented into Distribution, Integrated, and Stand-Alone Transmission. The Distribution segment includes retail generation and distribution services for residential, commercial, and industrial customers. The Integrated segment also covers retail generation and distribution services, with additional wholesale and transmission revenues. The Stand-Alone Transmission segment includes revenues from ATSI, TrAIL, MAIT, and KATCo.
• Geographical Performance: Jersey Central Power & Light Company (JCP&L) operates in New Jersey, providing distribution services to approximately 1.2 million customers and transmission services in northern, western, and east central New Jersey. The company serves an area with a population of approximately 2.8 million.
• Sales Units: The report highlights the operational performance of FirstEnergy's electric operating companies, which serve over 6 million customers in the Midwest and Mid-Atlantic regions.
• Future Outlook: FirstEnergy continues to evaluate the legal, financial, operational, and branding benefits of consolidating the Ohio Companies into a single Ohio power company. The company is also focused on aligning its organization with a new business model designed to enhance efficiency and sustainability, while maintaining a focus on operations and maintenance expense discipline.

SEC Filing: FIRSTENERGY CORP [ FE ] - 10-Q - Oct. 28, 2025