FIRSTENERGY CORP

FE 10-Q · Q1 2026

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Income Statement

Income Statement
Metric Q1 2026 Q1 2025 YoY
Fuel Costs 161 149 +8.1%
Net Income Loss Attributable To Noncontrolling Interest 61 54 +13.0%
Net Income 405 360 +12.5%
Show Business Segments breakouts
Distribution Segment · Operating Segments 246 218 +12.8%
Integrated · Operating Segments 153 136 +12.5%
Regulated Transmission · Operating Segments 91 81 +12.3%
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Retained Earnings · JERSEY CENTRAL POWER & LIGHT COMPANY 66 47 +40.4%
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JERSEY CENTRAL POWER & LIGHT COMPANY 66 47 +40.4%
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Corporate Non Segment -85 -75 -13.3%
Operating Segments 490 435 +12.6%
EPS (Basic) 0.7 0.62 +12.9%
EPS (Diluted) 0.7 0.62 +12.9%
Wtd Avg Shares (Basic) 578 577 +0.2%
Wtd Avg Shares (Diluted) 580 578 +0.3%
Revenue 4,202 3,765 +11.6%
Show Product Lines breakouts
Alternative Revenue Program · Integrated Segment 13
Electric Transmission 628 586 +7.2%
Electricity Us Regulated 3,244 3,081 +5.3%
Eliminations and reconciling adjustments · Corporate/Other and Reconciling Adjustments -17 -15 -13.3%
Other 330 98 +236.7%
Product And Service Other · Distribution Segment 1 1 0.0%
Product And Service Other · Distribution Segment 22 23 -4.3%
Product And Service Other · Integrated Segment 161 15 +973.3%
Product And Service Other · Stand-Alone Transmission Segment [Member] 7 5 +40.0%
Show Business Segments breakouts
Distribution Segment · JERSEY CENTRAL POWER & LIGHT COMPANY 666 566 +17.7%
Distribution Segment · Operating Segments 1,981 1,927 +2.8%
Distribution Segment · Operating Segments 9 9 0.0%
Distribution Segment · Operating Segments 1,990 1,936 +2.8%
Integrated Segment · Operating Segments 1,703 1,349 +26.2%
Integrated · Operating Segments 1,702 1,348 +26.3%
Integrated · Operating Segments 1 1 0.0%
Integrated · Operating Segments 1,703 1,349 +26.2%
Regulated Transmission · Operating Segments 509 486 +4.7%
Regulated Transmission · Operating Segments 7 5 +40.0%
Regulated Transmission · Operating Segments 516 491 +5.1%
Stand-Alone Transmission Segment [Member] · Operating Segments 516 491 +5.1%
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JERSEY CENTRAL POWER & LIGHT COMPANY 666 566 +17.7%
Show Consolidation Items breakouts
Corporate Non Segment 10 4 +150.0%
Corporate Non Segment · External revenues 10 4 +150.0%
Corporate/Other and Reconciling Adjustments -7 -11 +36.4%
Material Reconciling Items -17 -15 -13.3%
Material Reconciling Items · Internal revenues -17 -15 -13.3%
Operating Segments 4,209 3,776 +11.5%
Operating Segments · External revenues 4,192 3,761 +11.5%
Operating Segments · Internal revenues 17 15 +13.3%
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External revenues 4,202 3,765 +11.6%
Utilities Operating Expense Purchased Power 1,429 1,088 +31.3%
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JERSEY CENTRAL POWER & LIGHT COMPANY 378 298 +26.8%
Other Cost And Expense Operating 1,460 1,034 +41.2%
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JERSEY CENTRAL POWER & LIGHT COMPANY 224 145 +54.5%
JERSEY CENTRAL POWER & LIGHT COMPANY · FESC support services 45 50 -10.0%
JERSEY CENTRAL POWER & LIGHT COMPANY · Other affiliate support services 9 4 +125.0%
JERSEY CENTRAL POWER & LIGHT COMPANY · Related Party 32 32 0.0%
Depreciation 421 411 +2.4%
Show Business Segments breakouts
Distribution Segment · Operating Segments 165 162 +1.9%
Integrated · Operating Segments 139 138 +0.7%
Regulated Transmission · Operating Segments 97 91 +6.6%
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JERSEY CENTRAL POWER & LIGHT COMPANY 61 65 -6.2%
Show Consolidation Items breakouts
Corporate Non Segment 20 20 0.0%
Operating Segments 401 391 +2.6%
Amortization Deferral Of Regulatory Asset Net -457 -10 -4470.0%
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JERSEY CENTRAL POWER & LIGHT COMPANY -106 -20 -430.0%
Utilities Operating Expense Taxes 360 339 +6.2%
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JERSEY CENTRAL POWER & LIGHT COMPANY 7 6 +16.7%
Total Costs & Expenses 3,374 3,011 +12.1%
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JERSEY CENTRAL POWER & LIGHT COMPANY 564 494 +14.2%
Operating Income 828 754 +9.8%
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JERSEY CENTRAL POWER & LIGHT COMPANY 102 72 +41.7%
Other Non-Operating Income (Expense) 48 36 +33.3%
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JERSEY CENTRAL POWER & LIGHT COMPANY 15 12 +25.0%
Interest Costs Incurred -326 -288 -13.2%
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JERSEY CENTRAL POWER & LIGHT COMPANY · Nonrelated Party -39 -29 -34.5%
JERSEY CENTRAL POWER & LIGHT COMPANY · Related Party -2 -1 -100.0%
Interest Costs Capitalized Adjustment 54 38 +42.1%
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JERSEY CENTRAL POWER & LIGHT COMPANY 12 9 +33.3%
Non-Operating Income (Expense) -224 -214 -4.7%
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JERSEY CENTRAL POWER & LIGHT COMPANY -14 -9 -55.6%
Income Before Taxes 604 540 +11.9%
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JERSEY CENTRAL POWER & LIGHT COMPANY 88 63 +39.7%
Income Tax Expense (Benefit) 138 126 +9.5%
Show Business Segments breakouts
Distribution Segment · Operating Segments 64 60 +6.7%
Integrated · Operating Segments 46 40 +15.0%
Regulated Transmission · Operating Segments 46 40 +15.0%
Show Legal Entity breakouts
JERSEY CENTRAL POWER & LIGHT COMPANY 22 16 +37.5%
Show Consolidation Items breakouts
Corporate Non Segment -18 -14 -28.6%
Operating Segments 156 140 +11.4%
Net Income 466 414 +12.6%
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Noncontrolling Interest 61 54 +13.0%
Parent 405 360 +12.5%
Retained Earnings 405 360 +12.5%
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JERSEY CENTRAL POWER & LIGHT COMPANY 66 47 +40.4%
Comprehensive Income 405 360 +12.5%
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JERSEY CENTRAL POWER & LIGHT COMPANY 66 47 +40.4%
Interest Expense 326 288 +13.2%
Show Business Segments breakouts
Distribution Segment · Operating Segments 107 99 +8.1%
Integrated · Operating Segments 78 65 +20.0%
Regulated Transmission · Operating Segments 85 73 +16.4%
Show Consolidation Items breakouts
Corporate Non Segment 86 79 +8.9%
Material Reconciling Items -30 -28 -7.1%
Operating Segments 270 237 +13.9%
Revenue From Contract With Customer Including Assessed Tax (Q)
Show Product Lines breakouts
Other revenue from contracts with customers · Distribution Segment 3 3 0.0%
Other revenue from contracts with customers · Distribution Segment 18 17 +5.9%
Transmission · Distribution Segment 71 61 +16.4%
Transmission · Integrated Segment 119 100 +19.0%
Wholesale · Corporate/Other and Reconciling Adjustments 10 4 +150.0%
Wholesale · Distribution Segment 2 1 +100.0%
Wholesale · Distribution Segment 4 1 +300.0%
Wholesale · Integrated Segment 112 47 +138.3%
Show Business Segments breakouts
Distribution Segment · JERSEY CENTRAL POWER & LIGHT COMPANY 170 161 +5.6%
Distribution Segment · JERSEY CENTRAL POWER & LIGHT COMPANY 20 18 +11.1%
Distribution Segment · JERSEY CENTRAL POWER & LIGHT COMPANY 5 5 0.0%
Distribution Segment · JERSEY CENTRAL POWER & LIGHT COMPANY 381 316 +20.6%
Distribution Segment · JERSEY CENTRAL POWER & LIGHT COMPANY 652 565 +15.4%
Distribution Segment · Operating Segments 402 415 -3.1%
Distribution Segment · Operating Segments 125 152 -17.8%
Distribution Segment · Operating Segments 22 19 +15.8%
Distribution Segment · Operating Segments 1,397 1,309 +6.7%
Distribution Segment · Operating Segments 1,968 1,913 +2.9%
Integrated Segment · Operating Segments 340 318 +6.9%
Integrated Segment · Operating Segments 155 151 +2.6%
Integrated Segment · Operating Segments 8 9 -11.1%
Integrated Segment · Operating Segments 795 708 +12.3%
Integrated Segment · Operating Segments 1,529 1,334 +14.6%
Stand-Alone Transmission Segment [Member] · Operating Segments 282 262 +7.6%
Stand-Alone Transmission Segment [Member] · Operating Segments 24 23 +4.3%
Stand-Alone Transmission Segment [Member] · Operating Segments 138 131 +5.3%
Stand-Alone Transmission Segment [Member] · Operating Segments 65 70 -7.1%
Stand-Alone Transmission Segment [Member] · Operating Segments 509 486 +4.7%

Balance Sheet

Balance Sheet
Metric Q1 2026 Q1 2025 YoY
Current Assets
Cash & Cash Equivalents 52
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Variable Interest Entity Primary Beneficiary 6
Restricted Cash Current 28
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MP, PE and the Ohio Companies 27
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Variable Interest Entity Primary Beneficiary 27
Other Receivables 323 314 +2.9%
Inventory 582
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Variable Interest Entity Primary Beneficiary 1
Accounts Receivable Gross Current 1,697 1,624 +4.5%
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JERSEY CENTRAL POWER & LIGHT COMPANY 322 262 +22.9%
JERSEY CENTRAL POWER & LIGHT COMPANY · Billed Revenues 199 163 +22.1%
JERSEY CENTRAL POWER & LIGHT COMPANY · Customer 322 262 +22.9%
JERSEY CENTRAL POWER & LIGHT COMPANY · Unbilled Revenues 123 99 +24.2%
Show Accounts Notes Loans And Financing Receivable By Receivable Type breakouts
Customer 1,697 1,624 +4.5%
Show Accounts Notes Loans And Financing Receivables By Billing Status Type breakouts
Billed Revenues 1,049 1,024 +2.4%
Unbilled Revenues 648 600 +8.0%
Allowance For Doubtful Accounts Receivable Current 52 50 +4.0%
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JERSEY CENTRAL POWER & LIGHT COMPANY 5 5 0.0%
JERSEY CENTRAL POWER & LIGHT COMPANY · Customer 5 5 0.0%
Show Accounts Notes Loans And Financing Receivable By Receivable Type breakouts
Customer 52 50 +4.0%
Other Receivables [Member] 13 9 +44.4%
Accounts Receivable 1,645
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JERSEY CENTRAL POWER & LIGHT COMPANY 317
JERSEY CENTRAL POWER & LIGHT COMPANY · Customer 317
JERSEY CENTRAL POWER & LIGHT COMPANY · Nonrelated Party 23
JERSEY CENTRAL POWER & LIGHT COMPANY · Related Party 25
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Variable Interest Entity Primary Beneficiary · Customer 90
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Customer 1,645
Other Assets Current 418
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JERSEY CENTRAL POWER & LIGHT COMPANY 36
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Variable Interest Entity Primary Beneficiary 20
Total Current Assets 3,048
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JERSEY CENTRAL POWER & LIGHT COMPANY 401
Non-Current Assets
Goodwill 5,618
Show Business Segments breakouts
Distribution Segment · Operating Segments 3,222
Integrated · Operating Segments 1,953
Regulated Transmission · Operating Segments 443
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JERSEY CENTRAL POWER & LIGHT COMPANY 1,811
Show Consolidated Entities breakouts
Variable Interest Entity Primary Beneficiary 224
Show Consolidation Items breakouts
Operating Segments 5,618
Long Term Investments 638
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JERSEY CENTRAL POWER & LIGHT COMPANY 294
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Variable Interest Entity Primary Beneficiary 19
Regulatory Assets Noncurrent 1,092
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JERSEY CENTRAL POWER & LIGHT COMPANY 665
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Variable Interest Entity Primary Beneficiary 145
Prepaid Expense Other Noncurrent (Q)
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JERSEY CENTRAL POWER & LIGHT COMPANY 248 219 +13.2%
Other Non-Current Assets 1,271
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JERSEY CENTRAL POWER & LIGHT COMPANY 121
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Variable Interest Entity Primary Beneficiary 257
Deferred Charges And Other Assets Noncurrent 8,619 8,111 +6.3%
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JERSEY CENTRAL POWER & LIGHT COMPANY 3,139 2,683 +17.0%
Total Assets 56,917
Show Business Segments breakouts
Distribution Segment · Operating Segments 21,227
Integrated · Operating Segments 20,732
Regulated Transmission · Operating Segments 15,010
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JERSEY CENTRAL POWER & LIGHT COMPANY 11,444
Show Consolidated Entities breakouts
Variable Interest Entity Primary Beneficiary 13,558
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Corporate Non Segment 1,709
Material Reconciling Items -1,761
Operating Segments 56,969
Other Assets
Public Utilities Property Plant And Equipment Plant In Service 56,766 53,543 +6.0%
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JERSEY CENTRAL POWER & LIGHT COMPANY 9,361 8,807 +6.3%
Public Utilities Property Plant And Equipment Accumulated Depreciation Excluding Construction Work In Progress 15,427 14,774 +4.4%
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JERSEY CENTRAL POWER & LIGHT COMPANY 2,452 2,415 +1.5%
Public Utilities Property Plant And Equipment Construction Work In Progress 3,911 2,932 +33.4%
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JERSEY CENTRAL POWER & LIGHT COMPANY 995 661 +50.5%
Public Utilities Property Plant And Equipment Net 45,250
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JERSEY CENTRAL POWER & LIGHT COMPANY 7,904
Show Consolidated Entities breakouts
Variable Interest Entity Primary Beneficiary 12,769
Current Liabilities
Dividends Payable Current And Noncurrent 269 257 +4.7%
Long Term Debt And Capital Lease Obligations Current 424
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JERSEY CENTRAL POWER & LIGHT COMPANY 2
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Variable Interest Entity Primary Beneficiary 127
Short Term Borrowings 1,305
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JERSEY CENTRAL POWER & LIGHT COMPANY 213
JERSEY CENTRAL POWER & LIGHT COMPANY · Nonrelated Party 150
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Variable Interest Entity Primary Beneficiary 320
Accounts Payable 2,027 1,516 +33.7%
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JERSEY CENTRAL POWER & LIGHT COMPANY · Nonrelated Party 157 182 -13.7%
JERSEY CENTRAL POWER & LIGHT COMPANY · Related Party 118 18 +555.6%
Accrued Employee Benefits Current 226 257 -12.1%
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JERSEY CENTRAL POWER & LIGHT COMPANY 27 30 -10.0%
Deferred Revenue (Current) 254 236 +7.6%
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JERSEY CENTRAL POWER & LIGHT COMPANY 35 34 +2.9%
Accrued Income Taxes Current 744
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JERSEY CENTRAL POWER & LIGHT COMPANY 1
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Variable Interest Entity Primary Beneficiary 331
Interest Payable Current 298
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JERSEY CENTRAL POWER & LIGHT COMPANY 33
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Variable Interest Entity Primary Beneficiary 84
Other Liabilities Current 294
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JERSEY CENTRAL POWER & LIGHT COMPANY 37
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Variable Interest Entity Primary Beneficiary 7
Total Current Liabilities 5,841
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JERSEY CENTRAL POWER & LIGHT COMPANY 773
Non-Current Liabilities
Regulatory Liability Noncurrent 877
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Variable Interest Entity Primary Beneficiary 468
Long Term Debt And Capital Lease Obligations 26,331
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JERSEY CENTRAL POWER & LIGHT COMPANY 3,024
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Variable Interest Entity Primary Beneficiary 6,868
Deferred Tax Liabilities 6,206
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JERSEY CENTRAL POWER & LIGHT COMPANY 1,387
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Variable Interest Entity Primary Beneficiary 1,591
Spent Nuclear Fuel Obligation Noncurrent (Q)
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JERSEY CENTRAL POWER & LIGHT COMPANY 247 237 +4.2%
Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent 1,471 1,698 -13.4%
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JERSEY CENTRAL POWER & LIGHT COMPANY 30 69 -56.5%
Other Non-Current Liabilities 2,085
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JERSEY CENTRAL POWER & LIGHT COMPANY 755
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Variable Interest Entity Primary Beneficiary 170
Liabilities Noncurrent 36,970
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JERSEY CENTRAL POWER & LIGHT COMPANY 5,443
Total Liabilities 42,811
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JERSEY CENTRAL POWER & LIGHT COMPANY 6,216
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Variable Interest Entity Primary Beneficiary 9,966
Long-Term Debt (Q)
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Other Business Operations · Parent Company 7
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Phase In Recovery Bonds 150
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JERSEY CENTRAL POWER & LIGHT COMPANY · Carrying Reported Amount Fair Value Disclosure 3,050
JERSEY CENTRAL POWER & LIGHT COMPANY · Estimate Of Fair Value Fair Value Disclosure 3,021
Show Fair Value By Measurement Basis breakouts
Carrying Reported Amount Fair Value Disclosure 26,915
Estimate Of Fair Value Fair Value Disclosure 26,252
Stockholders' Equity
Minority Interest 1,452 1,295 +12.1%
Stockholders Equity Including Portion Attributable To Noncontrolling Interest 14,106 13,862 +1.8%
Show Equity Components breakouts
Accumulated Other Comprehensive Income -14 -14 0.0%
Additional Paid In Capital 12,439 12,377 +0.5%
Common Stock 58 58 0.0%
Noncontrolling Interest 1,452 1,295 +12.1%
Parent 12,654 12,567 +0.7%
Retained Earnings 171 146 +17.1%
Common Stock Value Outstanding 58 58 0.0%
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JERSEY CENTRAL POWER & LIGHT COMPANY 136 136 0.0%
Additional Paid In Capital Common Stock 12,439 12,377 +0.5%
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JERSEY CENTRAL POWER & LIGHT COMPANY 3,532 3,525 +0.2%
Accumulated Other Comprehensive Income -14 -14 0.0%
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JERSEY CENTRAL POWER & LIGHT COMPANY -4 -4 0.0%
Retained Earnings 171 146 +17.1%
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JERSEY CENTRAL POWER & LIGHT COMPANY 1,564 1,341 +16.6%
Total Stockholders' Equity 12,654
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Accumulated Other Comprehensive Income · JERSEY CENTRAL POWER & LIGHT COMPANY -4 -4 0.0%
Additional Paid In Capital · JERSEY CENTRAL POWER & LIGHT COMPANY 3,532 3,525 +0.2%
Common Stock · JERSEY CENTRAL POWER & LIGHT COMPANY 136 136 0.0%
Retained Earnings · JERSEY CENTRAL POWER & LIGHT COMPANY 1,564 1,329 +17.7%
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JERSEY CENTRAL POWER & LIGHT COMPANY 5,228 4,986 +4.9%
Total Liabilities & Equity 56,917 52,771 +7.9%
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JERSEY CENTRAL POWER & LIGHT COMPANY 11,444 10,073 +13.6%
Net Plant Excluding Construction Work In Progress 41,339 38,769 +6.6%
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JERSEY CENTRAL POWER & LIGHT COMPANY 6,909 6,392 +8.1%

Cash Flow Statement

Cash Flow Statement
Metric YTD Q1 2026 YTD Q1 2025 YoY
Operating Activities
Change in Inventory -5 -18 +72.2%
Increase Decrease In Ohio Settlement Customer Restitution And Refunds -163
Depreciation Depletion Amortization And Impairments 117 408 -71.3%
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JERSEY CENTRAL POWER & LIGHT COMPANY -57 45 -226.7%
Transmission Revenue Collection Net 38 40 -5.0%
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JERSEY CENTRAL POWER & LIGHT COMPANY 9 8 +12.5%
Deferred Income Taxes And Tax Credits 139 97 +43.3%
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JERSEY CENTRAL POWER & LIGHT COMPANY 34 23 +47.8%
Spent Nuclear Fuel Disposal Trust Income Loss (Q)
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JERSEY CENTRAL POWER & LIGHT COMPANY 3 3 0.0%
New Jersey Temporary Rate Collections Net (Q)
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JERSEY CENTRAL POWER & LIGHT COMPANY 20
Pension And Other Postretirement Benefit Expense -5 -3 -66.7%
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JERSEY CENTRAL POWER & LIGHT COMPANY -6 -6 0.0%
Increase Decrease In Accounts And Other Receivables 53 -55 +196.4%
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JERSEY CENTRAL POWER & LIGHT COMPANY 6 44 -86.4%
Change in Prepaid & Other Assets -152 -108 -40.7%
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JERSEY CENTRAL POWER & LIGHT COMPANY -2 -2 0.0%
Increase Decrease In Accounts Payable Trade 19 25 -24.0%
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JERSEY CENTRAL POWER & LIGHT COMPANY -3 28 -110.7%
Increase Decrease In Accrued Income Taxes Payable -187 -157 -19.1%
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JERSEY CENTRAL POWER & LIGHT COMPANY -10 -7 -42.9%
Increase Decrease In Interest Payable Net -74 11 -772.7%
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JERSEY CENTRAL POWER & LIGHT COMPANY -11 7 -257.1%
Increase Decrease In Employee Related Liabilities -91 -7 -1200.0%
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JERSEY CENTRAL POWER & LIGHT COMPANY -6 -5 -20.0%
Increase Decrease In Other Current Liabilities -14 -16 +12.5%
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JERSEY CENTRAL POWER & LIGHT COMPANY -9 5 -280.0%
Increase Decrease In Collateral 14 37 -62.2%
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JERSEY CENTRAL POWER & LIGHT COMPANY 5 19 -73.7%
Pension And Other Postretirement Benefits Contributions And Related Payments -11 -12 +8.3%
Other Operating Activities Cash Flow Statement 4 -19 +121.1%
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JERSEY CENTRAL POWER & LIGHT COMPANY 18 -4 +550.0%
Net Cash from Operations 148 637 -76.8%
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JERSEY CENTRAL POWER & LIGHT COMPANY 57 205 -72.2%
Investing Activities
Payments To Acquire Productive Assets -1,255 -1,005 -24.9%
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JERSEY CENTRAL POWER & LIGHT COMPANY -304 -206 -47.6%
Proceeds From Sale Of Available For Sale Securities Debt 20 27 -25.9%
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JERSEY CENTRAL POWER & LIGHT COMPANY 20 27 -25.9%
Purchases of Investments -23 -30 +23.3%
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JERSEY CENTRAL POWER & LIGHT COMPANY -23 -30 +23.3%
Payments For Removal Costs -117 -84 -39.3%
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JERSEY CENTRAL POWER & LIGHT COMPANY -19 -17 -11.8%
Other Investing Activities 3 -1 +400.0%
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JERSEY CENTRAL POWER & LIGHT COMPANY -1
Net Cash from Investing -1,372 -1,093 -25.5%
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JERSEY CENTRAL POWER & LIGHT COMPANY -327 -226 -44.7%
Financing Activities
Proceeds From Short Term Debt 980 1,085 -9.7%
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JERSEY CENTRAL POWER & LIGHT COMPANY · Nonrelated Party 150
JERSEY CENTRAL POWER & LIGHT COMPANY · Related Party 120 54 +122.2%
Payments Of Dividends Common Stock -257 -245 -4.9%
Proceeds From Payments For Other Financing Activities -18 -27 +33.3%
Net Cash from Financing 1,205 465 +159.1%
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JERSEY CENTRAL POWER & LIGHT COMPANY 270 21 +1185.7%
Proceeds From Issuance Of Long Term Debt 850
Repayments Of Long Term Debt -325 -324 -0.3%
Payments Of Distributions To Affiliates -25 -24 -4.2%
Supplemental
Unpaid Capital Expenditures 412 285 +44.6%
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JERSEY CENTRAL POWER & LIGHT COMPANY 94 79 +19.0%
Other Cash Flow
Net Change in Cash -19 9 -311.1%
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents 80 163 -50.9%

Values in millions USD. Source: SEC EDGAR 10-Q filing.

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