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FE · Q2 2026
Archived report (Q2 2026). Latest deep dive →
The quarter in brief
Revenue grew 8.8% y/y to $3.68B, operating margin 18.4% vs 19.1%, net income $352M (+10.7% y/y).
Net income
$352M
up 10.7% y/y
Total revenues
$3,678M
up 8.8% y/y
Operating income
$677M
up 4.8% y/y
All figures in $M.
| Line item | Amount and change |
|---|---|
| Distribution services and retail generation | $2,787 · +3.3% |
| Transmission | $686 · +22.1% |
| Other | $205 · +70.8% |
| Total revenues | $3,678 · +8.8% |
| Fuel | $156 · −7.1% |
| Purchased power | $1,157 · +21.4% |
| Other operating expenses | $1,165 · +17.1% |
| Provision for depreciation | $424 · +2.2% |
| Deferral of regulatory assets, net | $225 · +127% |
| General taxes | $324 · +7.3% |
| Operating income | $677 · +4.8% · 18.4% margin |
| Miscellaneous income, net | $52 · +26.8% |
| Interest expense | $337 · +12.7% |
| Capitalized financing costs | $52 · +23.8% |
| Income before income taxes | $444 · +9.4% |
| Income taxes | $92 · +4.5% · 20.7% effective rate |
| Net income | $352 · +10.7% · $0.50/sh · 9.6% margin |
Verdict: revenue grew 8.8% y/y to $3.68B, operating margin 18.4% vs 19.1%, net income $352M (+10.7% y/y).
Source and notation
Source: FirstEnergy Form 10-Q filed 07/28/2026 (SEC EDGAR); results date from the 8-K of 07/28/2026. The press release has no income statement, so every figure was matched against the income statement in the 10-Q and checked against the company's 10-Q.
Open as an image: FE, Q2 2026 (PNG) ↗ · for sharing and presentations · free to reuse, CC BY 4.0
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<a href="https://whoreportstoday.com/t/fe/q2-2026">FE Q2 2026 earnings chart (Who Reports Today)</a>
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- Operating income was $677M, a 18.4% margin vs 19.1% a year earlier.
- The effective tax rate was 20.7% vs 21.7% a year earlier.
- Diluted EPS was $0.50 vs $0.46 a year earlier.
What distorts the picture in this report and what to watch beyond the headlines.
FE — an electric utility holding company that distributes and transmits electricity in Ohio, Pennsylvania, New Jersey, West Virginia and Maryland at regulated rates.
It reports three segments: Distribution (the Ohio and Pennsylvania utilities), Integrated (JCP&L, Mon Power and Potomac Edison, including regulated generation) and Stand-Alone Transmission. · Source: annual report (Form 10-K, SEC)
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