Firstenergy (FE) Operating Expenses (2011 - 2026)
Firstenergy (FE) posted quarterly Operating Expenses of $3.4 billion for Q1 2026, up 12.06% year-over-year from $3.0 billion in Q1 2025, and down 69.87% quarter-over-quarter from $11.2 billion in Q4 2025.
Firstenergy (FE) Operating Expenses (2011 - 2026) Analysis & Trends
Firstenergy (FE) has reported Operating Expenses for 16 consecutive years, with $3.4 billion the latest figure, recorded in Q1 2026.
- In Q1 2026, Operating Expenses rose 12.06% year-over-year to $3.4 billion; the TTM figure through Mar 2026 stood at $15.8 billion (up 3.9% YoY), while the FY2025 annual figure was $12.9 billion, up 16.1% from the prior year.
- Operating Expenses eased to $3.4 billion in Q1 2026 per FE's latest filing, from $11.2 billion in the prior quarter.
- Across five years, Operating Expenses topped out at $11.2 billion in Q4 2025 and bottomed at $90.0 million in Q3 2022.
- Historically, Operating Expenses has averaged $2.8 billion across 5 years, with a median of $2.4 billion in 2022.
- Annual changes were most pronounced in 2022 — Operating Expenses sank 96.39% — and 2023, when it jumped 3034.44%.
- Firstenergy's Operating Expenses stood at $90.0 million in 2022, then jumped by 2764.44% to $2.6 billion in 2023, then soared by 330.18% to $11.1 billion in 2024, then gained by 0.96% to $11.2 billion in 2025, then tumbled by 69.87% to $3.4 billion in 2026.
- Business Quant data shows FE's Operating Expenses at $3.4 billion in Q1 2026, $11.2 billion in Q4 2025, and $692.0 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | National Grid | 79.78 Bn | 75.97 Bn | - | - |
| 2 | Dominion Energy | 59.31 Bn | 58.52 Bn | 3.50 Bn | 4.15 Bn |
| 3 | Xcel Energy | 49.23 Bn | 47.22 Bn | 3.12 Bn | 2.41 Bn |
| 4 | Wec Energy | 35.31 Bn | 35.26 Bn | 1.45 Bn | 1.63 Bn |
| 5 | Ameren | 30.14 Bn | 30.13 Bn | - | 1.63 Bn |
| 6 | Edison International | 28.79 Bn | 28.54 Bn | 3.29 Bn | 3.27 Bn |
| 7 | Fortis | 28.70 Bn | 28.70 Bn | 1.60 Bn | 1.54 Bn |
| 8 | Firstenergy | 27.31 Bn | 27.12 Bn | 2.51 Bn | 3.00 Bn |
| 9 | Hydro One | 24.05 Bn | 23.66 Bn | - | - |
| 10 | Cms Energy | 21.67 Bn | 21.43 Bn | 3.65 Bn | 3.81 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 3.37 Bn |
| Dec 31, 2025 | 11.20 Bn |
| Sep 30, 2025 | 692.00 Mn |
| Jun 30, 2025 | 499.00 Mn |
| Mar 31, 2025 | 3.01 Bn |
| Dec 31, 2024 | 11.09 Bn |
| Sep 30, 2024 | 608.00 Mn |
| Jun 30, 2024 | 461.00 Mn |
| Mar 31, 2024 | 462.00 Mn |
| Dec 31, 2023 | 2.58 Bn |
| Sep 30, 2023 | 2.82 Bn |
| Jun 30, 2023 | 2.53 Bn |
| Mar 31, 2023 | 2.68 Bn |
| Dec 31, 2022 | 90.00 Mn |
| Sep 30, 2022 | 90.00 Mn |
| Jun 30, 2022 | 2.37 Bn |
| Mar 31, 2022 | 2.43 Bn |
| Dec 31, 2021 | 2.44 Bn |
| Sep 30, 2021 | 2.49 Bn |
| Jun 30, 2021 | 2.31 Bn |