“Other Expenses Total other expenses increased $12 million in the first six months of 2026, as compared to the same period of 2025, primarily due to higher interest expense as a result of new debt issued since the second quarter of 2025, partially offset by hi…”10-Q · Jul 28, 2026 ↗
FirstEnergy Corp.
FE
Market read
FirstEnergy Corp.'s current read is isolated; its market group is not confirming.
No new filing conclusion is available. 0 of 14 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 7 directly disclosed connections are confirming.
- FE's market-adjusted activity becomes unusual and at least one connected name confirms.
Invalidation: The isolated read changes if FE's group or a disclosed connection begins moving with it.
Research brief
The story so far
No new filing conclusion is available. 0 of 14 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 7 directly disclosed connections are confirming.
No thresholded supportive filing evidence is available yet.
No thresholded adverse filing evidence is available yet.
- FE's market-adjusted activity becomes unusual and at least one connected name confirms.
Company research
Understand the business, not just the ticker
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
- Which operating variable is changing?
- Is that change durable, cyclical or one-off?
- What evidence would disprove the current interpretation?
- Latest annual revenue changed +12.0% year over year.
- Operating cash flow covered net income at 3.63x in the latest annual period.
- Demand and volume has repeated favorable evidence across 5 filings.
- Operating margin changed -3.0 percentage points in the latest annual period.
- Credit and interest rates has repeated adverse evidence across 5 filings.
- Energy and commodity prices has repeated adverse evidence across 5 filings.
- Restructuring and cost reductions has repeated adverse evidence across 4 filings.
- P/E is 22% above the available filing-peer median; determine whether growth and quality justify the difference.
- EV/sales is 64% below the available filing-peer median; determine whether growth and quality justify the difference.
Price as of Sep 9, 2026
46.21Reported annual revenue and per-share history. This is accounting history, not a forecast.
What management says matters
Persistent and emerging business drivers
“Distribution deliveries for the residential and commercial classes were impacted by higher customer usage and demand as a result of the weather temperatures.”10-Q · Jul 28, 2026 ↗
“Operating Expenses — Total operating expenses increased $486 million, primarily due to: • Fuel costs were flat during the first six months of 2026, as compared to the same period of 2025, primarily due to higher unit costs, offset by lower consumption volumes.”10-Q · Jul 28, 2026 ↗
“62 Corporate / Other — First Six Months of 2026 Compared with First Six Months of 2025 Financial results at Corporate/Other resulted in a $1 million increase in losses attributable to FE in the first six months of 2026, as compared to the same period of 2025,…”10-Q · Jul 28, 2026 ↗
Valuation discipline
Descriptive valuation snapshot
Price/sales 1.8× · EV/sales 1.8×. Comparisons use only industry-matched filing peers.
Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.
Price action
How the market is pricing the story
Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 10 Sept, 11:35 GMT-4; this is a coverage limitation, not a flat-price conclusion.
Developments
No sourced recent-development timeline yet
Jodie has not returned a relevant primary source or news item for FE. This is an evidence-coverage gap, not a conclusion that nothing material happened.
Business and financial condition
Reported financial figures are not available yet
Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.
Filing analysis
No comparable filing assessment is available yet
Jodie has not yet found a suitable current-versus-prior filing comparison for FE. This does not mean the latest filing was neutral or immaterial.
Business ecosystem
The relationships behind FE
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depends on
BHFBrighthouse Financial, Inc.partnerFeb 18, 2026 ▾
“FirstEnergy Corp., et al.”
GLPFiling-linked namecustomerJul 30, 2025 ▾
“er derivative lawsuit settlement received in the second quarter of 2024; • Lower customer usage as a result of the milder weather temperatures and lower weather-adjusted customer usage and demand; • The expected elimination of the 50 basis point ROE adder ass…”
Depended on by
AEPAmerican Electric Power Company, Inc.partnerJul 30, 2025 ▾
“Valley Link Investment (Applies to AEP and Transource Energy) In 2024, Transource Energy and affiliates of Dominion Energy and FirstEnergy formed Valley Link Transmission, LLC to participate in PJM’s 2024 Regional Transmission Expansion Plan competitive proce…”
Filing peers
Companies whose filings use similar operating language.
Open the three relationships above to see Jodie’s filing proof. Pro unlocks 6 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →
What is moving around it
Live connections
FE is currently a Follower in the organic co-movement group Regulated Electric Utilities. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 3 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.
Context history
Theme membership history
No durable theme membership has been observed for this name yet.