FirstEnergy balance sheet

At the end of fiscal 2025, FirstEnergy had total assets of $55.90bn, total liabilities of $41.98bn and shareholders' equity of $12.51bn. It held $57.0m in cash against $26.56bn of debt: net debt of $26.50bn.

Balance sheet

US$ billions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

FirstEnergy: balance sheet, annual
Fiscal year	2009Dec 2009	2010Dec 2010	2011Dec 2011	2012Dec 2012	2013Dec 2013	2014Dec 2014	2015Dec 2015	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMSept 2026
Cash and equivalents	0.9	1.0	0.2	0.2	0.2	0.1	0.1	0.2	0.6	0.4	0.6	1.7	1.5	0.2	0.1	0.1	0.1	0.0
Receivables	1.2	1.4	1.5	1.6	1.7	1.6	1.4	1.4	1.3	1.2	1.1	1.2	1.0	1.3	1.3	1.5	1.7	1.8
Inventory	0.6	0.6	0.8	0.9	0.8	0.8	0.8	0.6	0.2	0.3	0.3	0.3	0.3	0.4	0.5	0.5	0.6	0.6
Total current assets	3.3	3.7	3.4	3.8	4.0	3.4	3.0	3.0	3.1	2.4	2.4	3.7	3.2	2.4	2.6	2.8	3.0	3.3
Goodwill	5.6	5.6	6.4	6.4	6.4	6.4	6.4	5.6	5.6	5.6	5.6	5.6	5.6	5.6	5.6	5.6	5.6	5.6
Total assets	35.1	35.5	47.4	50.5	50.4	51.6	52.1	43.1	42.3	40.1	42.3	44.5	45.4	46.1	48.8	52.0	55.9	59.8
Accounts payable	0.8	0.9	1.2	1.6	1.3	1.3	1.1	1.0	0.8	1.0	0.9	0.8	0.9	1.5	1.4	1.6	2.0	2.5
Deferred revenue (current)	—	—	—	—	—	—	—	—	—	—	—	—	0.2	0.2	0.2	0.2	0.3	0.3
Total current liabilities	5.2	4.7	4.9	7.6	7.6	5.6	5.6	7.1	4.1	4.6	4.9	5.0	4.4	4.0	5.4	5.0	5.3	8.7
Short-term debt	1.1	−1.5	1.6	2.0	1.4	0.8	1.2	1.7	0.6	0.5	0.4	0.1	1.6	0.4	1.3	1.0	0.7	2.0
Long-term debt	12.0	12.6	15.7	15.2	15.8	19.2	19.1	18.2	18.7	17.8	19.6	22.1	22.2	21.2	22.9	22.5	25.5	25.9
Total debt	14.9	14.8	17.3	19.1	20.7	21.8	22.0	22.6	22.6	19.5	21.0	24.5	23.9	21.7	24.9	24.0	26.6	30.1
Total liabilities	—	—	—	—	—	—	—	—	—	—	—	—	—	35.5	37.9	38.3	42.0	45.3
Shareholders' equity	8.6	9.0	13.3	13.1	12.7	12.4	12.4	6.2	3.9	6.8	7.0	7.2	8.7	10.2	10.4	12.5	12.5	13.0
Non-controlling interests and other (assets − liabilities − equity)	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	1.3	1.4	1.5
Net debt (negative = net cash)	14.0	13.7	17.1	19.0	20.4	21.7	21.8	22.4	22.0	19.1	20.4	22.7	22.4	21.5	24.8	23.9	26.5	30.0
Shares outstanding	305m	305m	418m	419m	419m	421m	424m	442m	445m	512m	541m	543m	570m	572m	574m	577m	578m	579m

US$ billions unless shown otherwise. Fiscal quarters.

FirstEnergy: balance sheet, quarterly
Quarter	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Mar 2026	2026 Q2Jun 2026	2026 Q3Sept 2026
Receivables	1.5	1.6	1.6	1.5	1.7	1.6	1.7	1.8
Inventory	0.5	0.6	0.6	0.6	0.6	0.6	0.6	0.6
Total current assets	2.8	3.0	3.5	4.2	3.0	3.0	3.2	3.3
Goodwill	5.6	5.6	5.6	5.6	5.6	5.6	—	5.6
Total assets	52.0	52.8	54.2	55.9	55.9	56.9	58.2	59.8
Accounts payable	1.6	1.5	1.8	1.6	2.0	2.0	2.1	2.5
Deferred revenue (current)	0.2	0.2	0.2	0.2	0.3	0.3	0.3	0.3
Total current liabilities	5.0	7.1	5.6	5.6	5.3	5.8	5.9	8.7
Short-term debt	1.0	1.6	0.4	0.3	0.7	1.3	1.4	2.0
Long-term debt	22.5	21.2	23.7	25.5	25.5	26.3	27.1	25.9
Total debt	23.5	22.9	24.1	25.8	26.2	27.6	28.5	27.9
Total liabilities	38.3	38.9	40.1	41.7	42.0	42.8	43.8	45.3
Shareholders' equity	12.5	12.6	12.9	12.8	12.5	12.7	12.9	13.0
Non-controlling interests and other (assets − liabilities − equity)	1.3	1.3	1.3	1.4	1.4	1.5	1.5	1.5
Shares outstanding	577m	577m	577m	578m	578m	578m	579m	579m

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

Compare with peers

Head to head: EIX vs FE ES vs FE FE vs VST ETR vs FE

More: Electric Utilities stocks compared, Utilities sector, rankings of US companies

Figures from FirstEnergy's SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to FirstEnergy.