Quarterly ResultApr 28, 2026, 04:33 PM
FE Q1 Revenue +11.6%, EPS $0.70; $750M Term Loan
AI Summary
FirstEnergy Corp. reported increased revenues and net income for Q1 2026, with consolidated revenues reaching $4,202 million and net income at $466 million. Diluted EPS rose to $0.70. However, cash provided from operating activities significantly decreased to $148 million, partly due to $163 million in Ohio settlement customer restitution and refunds. The company also secured a new $750 million unsecured Credit Agreement. Subsidiary Jersey Central Power & Light Company also saw revenue and net income growth.
Key Highlights
- FE Q1 2026 Revenue: $4,202M, up 11.6% YoY.
- FE Q1 2026 Net Income: $466M, up 12.6% YoY.
- FE Q1 2026 Diluted EPS: $0.70, up 12.9% YoY.
- FE secured a new $750M unsecured Credit Agreement on April 28, 2026.
- FE Q1 2026 cash from operations: $148M, down from $637M YoY.
- FE recorded $163M in Ohio settlement customer restitution and refunds.
- JCP&L Q1 2026 Revenue: $666M, up 17.7% YoY.
- JCP&L Q1 2026 Net Income: $66M, up 40.4% YoY.