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American Electric Power AEP

US equityMarket cap rank #255Utilities - Regulated Electric
$118.19
−$0.21 (-0.18%)
Market open · Sep 24, 1:10 pm ET
After hours $119.56 +0.98%
Open$118.40
Prev close$118.40
Day range$117.30 – $118.71
Volume1.05M
Market cap$64.34B
P/E (TTM)20.5
Dividend yield3.20%

Fundamentals

Latest reported quarter: Q2, ended Jun 2026

Revenue$5.45B+7.0% YoY
Operating profit$1.25B-10.9% YoY
Net profit$747.00M-42.0% YoY
Diluted EPS$1.30-43.2% YoY
Free cash flow-$1.26B+38.9% YoY
Operating cash flow$1.90B

Revenue, last 8 quarters

$5.4BSep '24$4.7BDec '24$5.5BMar '25$5.1BJun '25$6.0BSep '25$5.3BDec '25$6.0BMar '26$5.4BJun '26

Net profit, last 8 quarters

$961.7MSep '24$666.1MDec '24$802.0MMar '25$1.3BJun '25$1.0BSep '25$605.2MDec '25$903.0MMar '26$747.0MJun '26

Diluted EPS by quarter

1.80Sep '241.24Dec '241.50Mar '252.29Jun '251.81Sep '251.07Dec '251.60Mar '261.30Jun '26

Free cash flow by quarter

$293.8MSep '24$-776.9MDec '24$-686.0MMar '25$-2.1BJun '25$1.8BSep '25$-679.7MDec '25$-2.3BMar '26$-1.3BJun '26

Annual revenue

$14.9BFY20$16.8BFY21$19.6BFY22$19.0BFY23$19.7BFY24$21.9BFY25

Profitability & balance sheet

Gross margin60.5%
Operating margin23.4%
Net margin13.8%
Return on equity10.1%
Return on assets2.7%
Return on invested capital6.3%
Current ratio0.50
Liabilities / assets72.6%
Cash & investments$603.00M
Total debt$53.40B
Net cash (debt)-$52.80B

Where the revenue comes from

Quarter 2026/Q2

By business line

  • Vertically Integrated Utilities (VIU)$3.12B 51.6%
  • Transmission and Distribution Utilities (T&D)$1.58B 26.2%
  • Generation & Marketing (G&M)$709.00M 11.7%
  • American Electric Power Transmission Holdco (AEPTHCo)$610.00M 10.1%
  • Corporate and Other$30.00M 0.5%

Income statement

Line item 2026 Q2 2026 Q1 2025 ANNUAL 2025 Q4 2025 Q3
Total Revenue as Reported $5.45B $6.02B $21.88B $5.32B $6.01B
Total Operating Revenue $5.45B $6.02B $21.88B $5.32B $6.01B
Cost of Revenue $2.05B $2.53B $8.53B $2.04B $2.39B
Gross Profit $3.40B $3.49B $13.35B $3.27B $3.63B
Operating Expense $2.15B $2.10B $7.96B $2.09B $2.10B
Depreciation & Amortization & Depletion $910.00M $907.00M $3.38B $813.90M $879.60M
-Depreciation & Amortization $910.00M $907.00M $3.38B $813.90M $879.60M
Other Taxes $427.00M $443.00M $1.63B $417.70M $426.30M
Other Operating Expenses $814.00M $750.00M $2.95B $862.20M $797.80M
Operating Profit $1.25B $1.39B $5.39B $1.18B $1.52B
Net Non-Operating Interest Income (Expense) -$585.00M -$552.00M -$2.03B -$533.10M -$508.50M
Non-Operating Interest Expense $585.00M $552.00M $2.03B $533.10M $508.50M
Other Income (Expense) $108.00M $83.00M $365.00M $52.60M $105.00M
Special Income (Charges) $0.00 -$31.00M -$66.00M -$66.00M $0.00
-Less:Write Off $0.00 $31.00M $66.00M $66.00M $0.00
Other Non-Operating Income (Expenses) $108.00M $114.00M $431.00M $118.60M $105.00M
Pretax Profit $770.00M $922.00M $3.72B $699.80M $1.12B
Tax $52.00M $44.00M $129.00M $115.70M $138.70M
Earnings from Equity Interest Net of Tax $29.00M $25.00M $101.00M $21.10M $21.10M
Net Profit $747.00M $903.00M $3.70B $605.20M $1.00B
Profit from Continuing Operations $747.00M $903.00M $3.70B $605.20M $1.00B
Minority Interests $34.00M $29.00M $116.00M $23.20M $28.30M
Net Income to Parent Company $713.00M $874.00M $3.58B $582.00M $972.00M
Net Income to Common Stockholders $713.00M $874.00M $3.58B $582.00M $972.00M
Basic EPS $1.31 $1.61 $6.70 $1.09 $1.82
Diluted EPS $1.30 $1.60 $6.66 $1.07 $1.81
Dividend Per Share $0.95 $0.95 $3.74 $0.95 $0.93
-Less:Other Special Charges -$245.00M -$72.10M -$58.50M

Balance sheet

Line item 2026 Q2 2026 Q1 2025 ANNUAL 2025 Q4 2025 Q3
Total Assets $121.57B $117.78B $114.46B $114.46B $110.25B
Total Current Assets $7.13B $6.62B $6.05B $6.05B $6.86B
Cash and Cash Equivalents & Short-Term Investments $603.00M $516.00M $417.00M $417.00M $1.29B
-Cash and Cash Equivalents $375.00M $306.00M $197.00M $197.00M $1.07B
-Short Term Investments $228.00M $210.00M $220.00M $220.00M $225.40M
Receivables $3.31B $3.18B $2.95B $2.95B $2.89B
-Accounts Receivable $1.27B $1.34B $1.17B $1.17B $1.14B
-Taxes Receivable $278.00M $214.00M $85.00M $85.00M $59.70M
-Other Receivables $1.47B $1.34B $1.33B $1.33B $1.40B
-Receivables Adjustments Allowances -$57.00M -$58.00M -$52.00M -$52.00M -$62.70M
Inventory $1.79B $1.67B $1.62B $1.62B $1.59B
Restricted Cash $72.00M $33.00M $71.00M $71.00M $39.10M
Other Current Assets $824.00M $979.00M $638.00M $638.00M $641.40M
Total Non-Current Assets $114.44B $111.15B $108.41B $108.41B $103.39B
Net PPE $97.32B $95.50B $93.04B $93.04B $88.60B
-Gross PPE $124.84B $123.96B $121.24B $121.24B $116.47B
-Accumulated Depreciation -$27.53B -$28.45B -$28.21B -$28.21B -$27.87B
Investments and Advances $7.49B $5.72B $5.85B $5.85B $5.81B
Financial Assets $235.00M $233.00M $265.00M $265.00M $264.60M
Goodwill and Other Intangible Assets $53.00M $53.00M $53.00M $53.00M $52.50M
-Goodwill $53.00M $53.00M $53.00M $53.00M $52.50M
Other Non-Current Assets $4.32B $4.58B $4.40B $4.40B $3.72B
Total Liabilities $88.28B $84.80B $82.24B $82.24B $78.77B
Total Current Liabilities $14.16B $12.59B $13.31B $13.31B $10.00B
Payables $5.77B $5.04B $5.43B $5.43B $4.06B
-Accounts Payable $3.97B $3.15B $3.43B $3.43B $2.81B
-Total Tax Payable $1.80B $1.89B $2.00B $2.00B $1.26B
Current Accrued Expenses $590.00M $629.00M $544.00M $544.00M $606.40M
Short-Term Debt and Capital Lease Obligation $4.94B $4.35B $4.80B $4.80B $3.15B
-Current Debt $4.85B $4.26B $4.70B $4.70B $3.06B
-Current Capital Lease Obligation $94.00M $95.00M $100.00M $100.00M $98.40M
Current Deferred Liabilities $515.00M $521.00M $507.00M $507.00M $498.50M
Other Current Liabilities $2.34B $2.05B $2.03B $2.03B $1.67B
Total Non-Current Liabilities $74.13B $72.20B $68.93B $68.93B $68.78B
Long Term Debt and Capital Lease Obligation $48.56B $47.42B $44.71B $44.71B $44.74B
-Long Term Debt $47.99B $46.85B $44.13B $44.13B $44.24B
-Long Term Capital Lease Obligation $568.00M $572.00M $578.00M $578.00M $496.30M
Derivative Product Liabilities $175.00M $165.00M $178.00M $178.00M $186.90M
Non-Current Liabilities $3.65B $3.61B $3.56B $3.56B $3.65B
Non-Current Deferred Liabilities $11.49B $11.25B $10.95B $10.95B $10.71B
Employee Benefits $267.00M $245.00M $232.00M $232.00M $268.10M
Convertible preferred securities $64.00M $51.00M $38.00M $38.00M $60.70M
Other Non-Current Liabilities $1.31B $1.24B $905.00M $905.00M $844.60M
Total Equity $33.29B $32.98B $32.22B $32.22B $31.48B
Stockholders' Equity $32.08B $31.81B $31.14B $31.14B $30.39B
Capital Stock $3.55B $3.54B $3.52B $3.52B $3.49B
-Common Stock $3.55B $3.54B $3.52B $3.52B $3.49B
Additional Paid-In Capital $12.50B $12.45B $12.14B $12.14B $11.56B
Retained Earnings $15.99B $15.80B $15.44B $15.44B $15.37B
Gains/Losses Not Affecting Retained Earnings $45.00M $22.00M $36.00M $36.00M -$27.80M
Minority Interests $1.21B $1.17B $1.08B $1.08B $1.09B

Cash flow

Line item 2026 Q2 2026 Q1 2025 ANNUAL 2025 Q4 2025 Q3
Operating Cash Flow $1.90B $1.52B $6.94B $1.81B $2.46B
Net cash flow from continuing operations $1.90B $1.52B $6.94B $1.81B $2.46B
Net Income from Continuing Operations $747.00M $903.00M $3.70B $605.20M $999.80M
Gain/Loss from Continuing Operations -$223.00M $100.00M -$116.00M $76.60M $48.40M
Depreciation & Depletion & Amortization $910.00M $907.00M $3.49B $922.90M $879.10M
Deferred Tax $490.00M $80.00M $269.00M -$395.90M $477.90M
Other Non-Cash Items -$51.00M -$110.00M -$801.00M -$112.20M -$39.80M
Change in Working Capital $29.00M -$392.00M $341.00M $650.60M $94.40M
-Change in Receivables -$26.00M -$36.00M -$246.00M -$33.60M -$36.40M
-Change in Inventory -$123.00M -$39.00M $115.00M -$35.70M $36.70M
-Change in Payables and Accrued Expense $147.00M -$136.00M $284.00M $643.90M -$177.90M
-Change in Other Current Assets $88.00M -$115.00M $85.00M $47.30M $26.70M
-Change in Other Current Liabilities -$57.00M -$66.00M $103.00M $28.70M $245.30M
Net cash flow from investing -$3.03B -$3.57B -$11.94B -$4.19B -$2.40B
Net Cash Flow from Continuing Investing Activities -$3.03B -$3.57B -$11.94B -$4.19B -$2.40B
Capital Expenditure -$2.78B -$2.83B -$8.45B -$2.45B -$1.98B
Net PPE Purchase and Sale -$388.00M -$978.00M -$130.00M -$41.10M $1.32B
Net Investment Purchase and Sale -$28.00M -$20.00M -$46.00M $11.80M -$31.80M
Net Other Investing Changes $159.00M $259.00M $143.00M $86.90M -$46.90M
Financing Cash Flow $1.24B $2.12B $5.02B $1.54B $770.10M
Net Cash Flow from Continuing Financing Activities $1.24B $2.12B $5.02B $1.54B $770.10M
Net Issuance Payments Of Debt $1.74B $2.25B $3.55B $1.50B $1.22B
Net Common Stock Issuance $47.00M $358.00M $775.00M $587.50M $55.50M
Cash Dividends Paid -$519.00M -$520.00M -$2.01B -$510.10M -$498.90M
Net Other Financing Charges -$25.00M $32.00M $2.71B -$43.10M -$10.90M
Ending Cash Balance $447.00M $339.00M $268.00M $268.00M $1.11B
Net Change in Cash $108.00M $71.00M $22.00M -$838.80M $827.80M
Beginning Cash Balance $339.00M $268.00M $246.00M $1.11B $279.00M
Free Cash Flow -$1.26B -$2.29B -$1.64B -$679.70M $1.79B
Net Business Purchase and Sale -$3.45B -$1.80B -$1.66B
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