v3.25.1
CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
REVENUES:    
Total revenues [1] $ 3,765 $ 3,287
OPERATING EXPENSES:    
Fuel 149 105
Purchased power 1,088 1,036
Other operating expenses 1,034 1,006
Provision for depreciation 411 381
Deferral of regulatory assets, net (10) (164)
General taxes 339 311
Total operating expenses 3,011 2,675
OPERATING INCOME 754 612
OTHER INCOME (EXPENSE):    
Equity method investment earnings, net (Note 1) 0 21
Miscellaneous income, net 36 44
Interest expense (288) (305)
Capitalized financing costs 38 30
Total other expense (214) (210)
INCOME BEFORE INCOME TAXES 540 402
INCOME TAXES 126 135
NET INCOME 414 267
Income attributable to noncontrolling interest 54 14
EARNINGS ATTRIBUTABLE TO FIRSTENERGY CORP. 360 253
COMPREHENSIVE INCOME ATTRIBUTABLE TO FIRSTENERGY CORP. $ 360 $ 253
EARNINGS PER SHARE ATTRIBUTABLE TO FIRSTENERGY CORP. (Note 3):    
Basic (in dollars per share) $ 0.62 $ 0.44
Diluted (in dollars per share) $ 0.62 $ 0.44
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING:    
Basic (in shares) 577 574
Diluted (in shares) 578 576
Distribution services and retail generation    
REVENUES:    
Total revenues $ 3,081 $ 2,695
Transmission    
REVENUES:    
Total revenues 586 515
Other    
REVENUES:    
Total revenues $ 98 $ 77
[1] Includes excise and gross receipts tax collections of $123 million and $115 million during the three months ended March 31, 2025 and 2024, respectively.