Q3 FY26 · Ended Sep 30, 2026 · View SEC filing
Shareholder profit grew twice as fast as operations
Lower taxes and a smaller share for minority owners, not the grid alone, lifted earnings well above operating income growth.
For investorsWhat FirstEnergy's earnings depend on from here
For foundersGetting the customer who causes the cost to fund it
Purchased power is bought at auction and billed at cost, so revenue tracks power prices while earnings largely do not.
Restoration spending surged, but regulators let most of it wait for future recovery, so operating margin still rose to 20.5%.
Capital spending ran ahead of operating cash in FY2025, so each step of the build leans on lenders and new equity.
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Business Lens describes FirstEnergy from its own filings with the SEC. It is not a view on its shares, a target, or advice to buy, sell or hold anything; figures are as filed and may be restated by the company later. The filing is linked above.
