Short answer
FirstEnergy (FE) filed its Q3 2025 10-Q quarterly report on Oct 28, 2025 for the quarter ended Sep 30, 2025. Quarterly revenue was $4.1B (up 11.2% year over year) with net income of $441M.
Q3 2025 key financials · XBRL
- Revenue
- $4.1B
- +11.2% YoY · +22.7% QoQ
- Net income
- $441M
- +5.3% YoY · +64.6% QoQ
- Operating margin
- 20.0%
- EPS (diluted)
- $0.76
- +5.6% YoY · +61.7% QoQ
Source: XBRL data from the FirstEnergy (FE) Q3 2025 10-Q on SEC EDGAR. USD.
FirstEnergy Q3 2025 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue Q3 2025 $4,148M, up $419M (+11.2%) vs Q3 2024 $3,729M, driven by Pennsylvania base rate case and regulated capital investments
- Earnings attributable to FE Q3 2025 $441M (+5.3%) vs Q3 2024 $419M; effective tax rate rose to 19.5% from 15.4%; operating margin approx. 15.1% vs 15.7% YoY (calculated)
- Best segment: Distribution +$37M earnings increase, revenues +$203M; Worst: Integrated segment -$14M earnings, despite +$201M revenues
- Cash & equivalents rose to $1,404M (Sep 30) from $111M (Dec 31, 2024); Operating cash flow nine months 2025 $2,564M up $717M YoY; Investing outflows increased by $844M due to capital investments
- Near-term: Increased capital investment plan to $5.5B for 2025 (+10%); regulatory approvals pending in NJ, OH with significant transmission projects underway; potential headwinds from tariff impacts and regulatory uncertainty in Ohio and elsewhere
Risk Factors
- No new or changed risk factors since 2024 10-K filing
- Carried-forward regulatory risk: evolving energy regulations impacting operational compliance
- Carried-forward market risk: exposure to fluctuating wholesale electricity prices affecting near-term revenue
- Carried-forward financial risk: liquidity management amid capital-intensive infrastructure investments
- Carried-forward legal risk: ongoing litigation related to environmental and operational issues
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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