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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
REVENUES:      
Total revenues [1] $ 15,090 $ 13,472 $ 12,870
OPERATING EXPENSES:      
Fuel 652 464 538
Purchased power 4,583 3,912 4,108
Other operating expenses 4,122 4,044 3,579
Provision for depreciation 1,664 1,581 1,461
Deferral of regulatory assets, net (109) (231) (261)
General taxes 1,345 1,212 1,164
Ohio settlement charges (Note 13.) 275 0 0
Impairment of assets (Note 1.) 352 115 15
Total operating expenses 12,884 11,097 10,604
OPERATING INCOME 2,206 2,375 2,266
OTHER INCOME (EXPENSE):      
Debt redemption costs (Note 11.) (24) (85) (36)
Equity method investment earnings, net (Note 1.) 0 58 175
Miscellaneous income, net 156 189 164
Pension and OPEB mark-to-market adjustments (Note 4.) 253 (22) (78)
Interest expense (1,217) (1,144) (1,124)
Capitalized financing costs 185 133 97
Total other expense (647) (871) (802)
INCOME BEFORE INCOME TAXES 1,559 1,504 1,464
INCOME TAXES 288 377 267
INCOME FROM CONTINUING OPERATIONS 1,271 1,127 1,197
Discontinued operations (Note 1.) [2] 0 0 (21)
NET INCOME 1,271 1,127 1,176
Income attributable to noncontrolling interest (continuing operations) 251 149 74
EARNINGS ATTRIBUTABLE TO FIRSTENERGY CORP. 1,020 978 1,102
EARNINGS ATTRIBUTABLE TO FIRSTENERGY CORP.      
Earnings from continuing operations 1,020 978 1,123
Earnings from discontinued operations [2] 0 0 (21)
EARNINGS ATTRIBUTABLE TO FIRSTENERGY CORP. $ 1,020 $ 978 $ 1,102
EARNINGS PER SHARE ATTRIBUTABLE TO FIRSTENERGY CORP. (Note 3.)      
Basic - continuing operations (in dollars per share) $ 1.77 $ 1.70 $ 1.96
Basic - discontinued operations (in dollars per share) 0 0 (0.04)
Basic (in dollars per share) 1.77 1.70 1.92
Diluted - continuing operations (in dollars per share) 1.76 1.70 1.96
Diluted - discontinued operations (in dollars per share) 0 0 (0.04)
Diluted (in dollars per share) $ 1.76 $ 1.70 $ 1.92
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING:      
Basic (in shares) 577 575 573
Diluted (in shares) 578 577 574
Distribution services and retail generation      
REVENUES:      
Total revenues $ 12,189 $ 10,976 $ 10,405
Transmission      
REVENUES:      
Total revenues 2,311 2,148 2,049
Other      
REVENUES:      
Total revenues $ 590 $ 348 $ 416
[1] Includes excise and gross receipts tax collections of $463 million, $429 million and $420 million in 2025, 2024 and 2023, respectively.
[2] Consists of income taxes of $21 million in 2023.