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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
REVENUES:        
Total revenues [1] $ 4,148 $ 3,729 $ 11,293 $ 10,296
OPERATING EXPENSES:        
Fuel 163 139 480 372
Purchased power 1,341 1,086 3,382 2,999
Other operating expenses 976 1,099 3,005 3,275
Provision for depreciation 417 400 1,243 1,178
Amortization (deferral) of regulatory assets, net 89 (33) (20) (205)
General taxes 332 311 973 915
Total operating expenses 3,318 3,002 9,063 8,534
OPERATING INCOME 830 727 2,230 1,762
OTHER INCOME (EXPENSE):        
Debt redemption costs (Note 6) 0 0 (24) (85)
Equity method investment earnings, net (Note 1) 0 21 0 64
Miscellaneous income, net 41 53 118 156
Interest expense (312) (276) (899) (866)
Capitalized financing costs 51 35 131 94
Total other expense (220) (167) (674) (637)
INCOME BEFORE INCOME TAXES 610 560 1,556 1,125
INCOME TAXES 78 94 292 294
NET INCOME 532 466 1,264 831
Income attributable to noncontrolling interest 91 47 195 114
EARNINGS ATTRIBUTABLE TO FIRSTENERGY CORP. $ 441 $ 419 $ 1,069 $ 717
EARNINGS PER SHARE ATTRIBUTABLE TO FIRSTENERGY CORP. (Note 3):        
Basic (in dollars per share) $ 0.76 $ 0.73 $ 1.85 $ 1.25
Diluted (in dollars per share) $ 0.76 $ 0.73 $ 1.85 $ 1.24
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING:        
Basic (in shares) 577 576 577 575
Diluted (in shares) 578 577 578 576
Distribution services and retail generation        
REVENUES:        
Total revenues $ 3,373 $ 3,069 $ 9,152 $ 8,381
Transmission        
REVENUES:        
Total revenues 592 556 1,740 1,650
Other        
REVENUES:        
Total revenues $ 183 $ 104 $ 401 $ 265
[1] Includes excise and gross receipts tax collections of $126 million and $116 million during the three months ended September 30, 2025 and 2024, respectively, and $349 million and $329 million during the nine months ended September 30, 2025 and 2024, respectively.