FE · 10-Q · 2026Q1 · Full report
Revenue Performance and Mix
FIRSTENERGY CORP · 2026-04-28 · Importance 54 · Surprise 40
FirstEnergy reported consolidated revenues of $4,202 million for the three months ended March 31, 2026, up $437 million from $3,765 million in Q1 2025. Distribution-segment distribution services revenues decreased $88 million year-over-year due to customer restitution and refunds from the Ohio PUCO-approved settlement, while generation sales in Distribution rose $142 million driven by higher non-shopping auction rates and weather-driven volumes. Integrated segment total revenues increased $354 million year-over-year, including a $177 million increase in generation sales and a $19 million increase in transmission revenues from higher rate base recovery. Consolidated purchased power costs rose materially (Distribution: +$152 million; Integrated: +$191 million), with the increases largely recorded as pass-throughs under regulatory mechanisms and having no material impact to earnings.
Key facts
- FirstEnergy’s consolidated revenues for the three months ended March 31, 2026 were $4,202 million compared with $3,765 million for the three months ended March 31, 2025.
- Integrated segment total revenues increased $354 million in the first three months of 2026 compared with the same period of 2025.
- Generation sales revenues increased $84 million in the first three months of 2026 compared with the same period of 2025.
- Total revenues increased by $100 million in the first three months of 2026 compared with the same period of 2025.
- Distribution segment total revenues increased $54 million in the first three months of 2026 compared with the same period of 2025.
- Generation sales revenues increased $142 million in the Distribution segment in the first three months of 2026 compared with the same period of 2025.
- Stand-Alone Transmission total revenues increased $25 million in the first three months of 2026 compared with the same period of 2025, primarily due to a higher overall rate base.
- Actual total electric distribution MWh deliveries for the three months ended March 31, 2026 were 38,613 thousand MWh compared with 38,172 thousand MWh for the three months ended March 31, 2025, an increase of 1.2%.
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| revenue | positive | realized | +10.4% | FirstEnergy’s consolidated revenues for the three months ended March 31, 2026 were $4,202 million compared with $3,765 million for the… |
| revenue | positive | realized | +8.4% | Integrated segment total revenues increased $354 million in the first three months of 2026 compared with the same period of 2025. |
| revenue | positive | realized | +3.4% | Generation sales revenues increased $142 million in the Distribution segment in the first three months of 2026 compared with the same… |
| revenue | positive | realized | +2.4% | Total revenues increased by $100 million in the first three months of 2026 compared with the same period of 2025. |
| revenue | positive | realized | +2.0% | Generation sales revenues increased $84 million in the first three months of 2026 compared with the same period of 2025. |
| revenue | positive | realized | +1.3% | Distribution segment total revenues increased $54 million in the first three months of 2026 compared with the same period of 2025. |
| revenue | positive | realized | +0.6% | Stand-Alone Transmission total revenues increased $25 million in the first three months of 2026 compared with the same period of 2025,… |
| revenue | positive | realized | — | Total electric distribution MWh deliveries (actual) for the three months ended March 31, 2026 were 4,995 thousand MWh compared with 4,760… |