FirstEnergy (FE) FY2025 10-K Annual Report

Filed: Feb 18, 2026
Utilities
Electric ServicesSEC EDGAR

FirstEnergy (FE) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Feb 18, 2026. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.

FirstEnergy FY2025 10-K Analysis

Business Overview

  • Core business: transmission, distribution, and generation of electricity serving over 6 million customers across Midwest and Mid-Atlantic with $21.3B total rate base
  • New emphasis: consolidation of PA Companies into a single entity FE PA as of Jan 1, 2024 for regulatory simplification
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Management Discussion & Analysis

  • Revenue and profit details not disclosed in provided MD&A excerpt
  • Transmission ROE impacted by Sixth Circuit ruling; ATSI recorded $46M pre-tax charge related to ROE incentive refunds
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Risk Factors

  • No specific or timely risk details provided in the risk factors section excerpt

FirstEnergy FY2025 Key Financial Metrics
XBRL

Revenue

$15.1B

+12.0% YoY

Net Income

$1.0B

+4.3% YoY

Operating Margin

14.6%

-301bp YoY

Net Margin

6.8%

-50bp YoY

ROE

8.2%

+30bp YoY

Total Assets

$55.9B

+7.4% YoY

EPS (Diluted)

$1.76

+3.5% YoY

Operating Cash Flow

$3.7B

+28.0% YoY

Source: XBRL data from FirstEnergy FY2025 10-K filing on SEC EDGAR. All figures in USD.

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