Company Dossier · Utilities
FirstEnergy
- S&P 500
- Russell 1000
What FirstEnergy is doing, read from its filings, its own words and the news, with every figure dated and sourced. Not investment advice: no ratings, no price targets.
Open the full company record in Palanor: guidance, KPIs, ownership, calls, prices →
The latest read
Computed from the data on Oct 22, 2026. Every figure links back to its source in the sections below.
- Revenue over the four quarters to March 31, 2026: $15.5 billion, up 11% from a year earlier.SEC EDGAR filings (XBRL)
- Free cash flow (operating cash flow minus capital expenditure) over the four quarters to March 31, 2026: −$1.74 billion.SEC EDGAR filings (XBRL)
- Capital expenditure over the four quarters to March 31, 2026: $4.96 billion, up 17% from a year earlier.SEC EDGAR filings (XBRL)
- Long-term debt issued in the fiscal year to December 31, 2025: $5.93 billion.SEC EDGAR filings (10-K)
- Latest earnings call or results release (July 29, 2026): sentiment 0.70 on a −1 to +1 scale (confident, opportunity-framed), confidence 0.85 of 1.Palanor Discourse
- Guidance in the last 90 days: 0 outlook figures raised, 0 lowered, 1 held.Guidance Ledger (8-K results releases)
- Latest annual report (filed February 18, 2026): 2 risk factors added, 4 removed.Risk Factor Changes (10-K Item 1A)
- Insiders were net sellers in Q1 2026: $2.0 million on the open market.SEC Form 4
- 932 institutional managers reported a position at June 30, 2026 (+2 on the quarter before).SEC Form 13F
Risk events (12 months): 3 — latest OSHA inspection, May 28, 2026 →
Company Posture
How Company Posture is measured →What FirstEnergy is doing, on three axes, from its filings and its own words, as of 2026-10-22. A description, not a rating: Company Posture never says whether to buy.
Expanding ↔ Retrenching
Withheld: 50% of the evidence is readable at this date (needs 60%).
- Capital spending—
- Debt raised—
- Buybacks vs capex—
- Hiring filings50th pct
- Deals and private raises48th pct
- Patent publications58th pct
Confident ↔ Hedging
Mixed
- Call sentiment76th pct
- Call confidence74th pct
- Guidance changes37th pct
- Risk factors added47th pct
- Insider open-market trades—
- + Call sentiment
- + Call confidence
- − Guidance changes
Pressure
Components only: Not yet shown as a score: in the back-test it did not add to a naive reader's forecast of impairment, debt acceleration or bankruptcy filings (8-K 2.06, 2.04, 1.03) (not enough events (17 in half 1; needs 20)).
- Fails-to-deliver13th pct
- Stress filings49th pct
Credit
How these are built →FirstEnergy's borrowing from its SEC filings: the bonds it priced and the debt on its latest balance sheet. A description, not a rating.
Debt on the balance sheet
$28.1B
- Due within a year $1.7B
- Longer term $26.3B
- Default point $14.9B (short + ½ long)
Finance leases included · Mar 31, 2026 filing
Bonds priced, last 12 months
None
U.S. dollar tranches with a term sheet on EDGAR. Deals sold under Rule 144A file none and are not counted.
Charts
Live charts: each one redraws from today’s data and has an image link to paste into a document or slide.
Cash flow
Capital returned and raised
What the company says
Filings and records
The last two years of notable 8-Ks, offerings, annual reports, federal awards, lobbying reports, patents and other public records, newest first.
- Oct 15, 2026LobbyingLobbying report (FIRSTENERGY CORP)third_quarter 2026 · $0.2 million
- Oct 15, 2026LobbyingLobbying report (FIRSTENERGY CORP)second_quarter 2025 · $0.3 million
- Jul 16, 2026LobbyingLobbying report (FIRSTENERGY CORP)second_quarter 2026 · $0.3 million
- May 28, 2026Risk event
- May 20, 20268-KMaterial agreement signedItem 1.01
- May 20, 20268-KShareholder vote resultsItem 5.07
- Apr 20, 2026LobbyingLobbying report (FIRSTENERGY CORP)first_quarter 2026 · $0.6 million
- Apr 6, 2026Risk event
- Mar 24, 2026Risk event
- Feb 18, 202610-KAnnual report (10-K)2 risk factors added, 4 removed
- Feb 12, 20268-KDirector or officer changeItem 5.02
- Jan 20, 2026LobbyingLobbying report (FIRSTENERGY CORP)fourth_quarter 2025 · $0.2 million
- Oct 16, 2025LobbyingLobbying report (FIRSTENERGY CORP)third_quarter 2025 · $0.3 million
- Sep 29, 20258-KDirector or officer changeItem 5.02
- Aug 27, 2025LobbyingLobbying report (PERRY, WHITE, ROSS & JACOBSON, LLC)second_quarter 2025 · $0.0 million
- Aug 27, 2025LobbyingLobbying report (PERRY, WHITE, ROSS & JACOBSON, LLC)fourth_quarter 2024 · $0.0 million
- Jun 20, 20258-KDirector or officer changeItem 5.02
- Jun 12, 20258-KMaterial agreement signedItem 1.01
- May 21, 20258-KShareholder vote resultsItem 5.07
- Feb 27, 202510-KAnnual report (10-K)2 risk factors added, 2 removed
- Feb 13, 202410-KAnnual report (10-K)4 risk factors added, 4 removed
- Feb 22, 2022Patent
Peers
Companies in the same industry in the S&P 500, Russell 1000 or MidCap 400, closest in revenue first. Trailing twelve months, from SEC filings.
| Company | Revenue | Free cash flow | Through |
|---|---|---|---|
| Eversource Energy ES | $14.0B | $0.3B | Jun 30, 2026 |
| Entergy ETR | $13.3B | −$2.8B | Mar 31, 2026 |
| Vistra Corp. VST | $19.0B | $2.3B | Jun 30, 2026 |
| Public Service Enterprise Group PEG | $12.5B | $0.3B | Jun 30, 2026 |
| Edison International EIX | $19.6B | −$0.6B | Mar 31, 2026 |
| American Electric Power AEP | $22.0B | $2.6B | Mar 31, 2026 |
| WEC Energy Group WEC | $10.1B | — | Jun 30, 2026 |
| Constellation Energy CEG | $24.8B | $0.3B | Jun 30, 2026 |