FEFirstEnergy
FE and its subsidiaries are principally involved in the transmission, distribution, and generation of electricity. 10-K, Item 1
- Employees
- 11,186
- Headquarters
- Akron, OH
- CEO
- Brian X. Tierney
- Next results
- around Feb 16, 2027
The biggest changes in the 10-K filed 2026-02-18, this fiscal year against the last, and the sentences in the MD&A (Item 7) where management explains them, quoted word for word. Tickdelta picks sentences that name the line, a direction and a cause. It does not write explanations of its own.
Operating margin
17.6% → 14.6% (-3.0 pts) Big change FY to 2025-12-31 vs 2024-12-31“Total operating expenses increased $1,109 million, primarily due to the following:”
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“Other operating expenses increased $101 million in 2025, as compared to 2024, primarily due to:”
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Cash from operations
+28.0% Big change FY to 2025-12-31 vs 2024-12-31“The increase in cash from operating activities in 2025 from 2024 is primarily due to:”
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Revenue
+12.0% Big change FY to 2025-12-31 vs 2024-12-31“The Ohio Companies requested a net increase in base distribution revenues of approximately $94 million with a return on equity of 10.8% and capital structures of 44% debt and 56% equity for CEI, 46% debt and 54% equity for OE, and 45% debt and 55% equity for TE, which reflects a roll-in of current riders such as DCR and AMI.”
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“Distribution's total revenues increased $684 million as a result of the following sources:”
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Net income
+4.3% FY to 2025-12-31 vs 2024-12-31“The decrease in the effective tax rate was primarily due to a discrete tax benefit related to a remeasurement of excess deferred income taxes recognized in the third quarter of 2025, and the absence of a tax charge related to the FET Equity Interest Sale in the first quarter of 2024.”
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“Net income increased $50 million in 2025, as compared to 2024, primarily due to higher revenues from the implementation of the base rate case in February 2024, the absence of a $53 million charge in connection with the base rate case settlement agreement, as further discussed below, higher customer usage and demand, higher pension and OPEB mark-to-market adjustments and higher rider revenues associated with regulated investment programs, partially offset by higher operating expenses.”
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Changes are computed from the XBRL figures in the same 10-K. Hover a number to see the line item. Open the 10-K ↗
Work on FE in a spreadsheet:
Excel workbook (a sheet per section, ten years by column, charts, links to the filings) ·
CSV.
For a Google Sheet that stays up to date, paste =IMPORTDATA("https://tickdelta.com/company/FE/export.csv") into a cell.