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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
REVENUES:        
Total revenues [1] $ 3,380 $ 3,280 $ 7,145 $ 6,567
OPERATING EXPENSES:        
Fuel 168 128 317 233
Purchased power 953 877 2,041 1,913
Other operating expenses 995 1,170 2,029 2,176
Provision for depreciation 415 397 826 778
Deferral of regulatory assets, net (99) (8) (109) (172)
General taxes 302 293 641 604
Total operating expenses 2,734 2,857 5,745 5,532
OPERATING INCOME 646 423 1,400 1,035
OTHER INCOME (EXPENSE):        
Debt redemption costs (Note 6) (24) (85) (24) (85)
Equity method investment earnings, net (Note 1) 0 22 0 43
Miscellaneous income, net 41 59 77 103
Interest expense (299) (285) (587) (590)
Capitalized financing costs 42 29 80 59
Total other expense (240) (260) (454) (470)
INCOME BEFORE INCOME TAXES 406 163 946 565
INCOME TAXES 88 65 214 200
NET INCOME 318 98 732 365
Income attributable to noncontrolling interest 50 53 104 67
EARNINGS ATTRIBUTABLE TO FIRSTENERGY CORP. $ 268 $ 45 $ 628 $ 298
EARNINGS PER SHARE ATTRIBUTABLE TO FIRSTENERGY CORP. (Note 3):        
Basic (in dollars per share) $ 0.46 $ 0.08 $ 1.09 $ 0.52
Diluted (in dollars per share) $ 0.46 $ 0.08 $ 1.09 $ 0.52
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING:        
Basic (in shares) 577 575 577 575
Diluted (in shares) 578 576 578 576
Distribution services and retail generation        
REVENUES:        
Total revenues $ 2,698 $ 2,617 $ 5,779 $ 5,312
Transmission        
REVENUES:        
Total revenues 562 579 1,148 1,094
Other        
REVENUES:        
Total revenues $ 120 $ 84 $ 218 $ 161
[1] Includes excise and gross receipts tax collections of $100 million and $98 million during the three months ended June 30, 2025 and 2024, respectively, and $223 million and $213 million during the six months ended June 30, 2025 and 2024, respectively.