AMERICAN ELECTRIC POWER CO INC

Listed Company

AEPCIK 0000004904NasdaqLarge AcceleratedElectric ServicesNew YorkFY ends Dec 31

Period

FY 2025

Revenue

$21.88B

Net Income

$3.70B

Total Assets

$114.46B

Equity

$31.14B

Shares Out

544.10M

Op. Cash Flow

$6.94B

AEP$132.13+24.76% · past yearDBEQ Basic

Daily closing prices

Business

American Electric Power Co Inc is a public utility holding company that generates, transmits, and distributes electricity through regulated subsidiaries serving portions of eleven states: Arkansas, Indiana, Kentucky, Louisiana, Michigan, Ohio, Oklahoma, Tennessee, Texas, Virginia, and West Virginia. The company operates an integrated utility business providing bundled and unbundled generation, transmission and distribution services to retail and wholesale customers, alongside a transmission-only business and competitive retail energy supply operations. AEP's business segments include vertically integrated utilities, transmission and distribution utilities, transmission infrastructure via state-based transcos and joint ventures, and generation and marketing operations.

Summary from 10-K filed 2026-02-12

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
TOTAL REVENUES	21,876	19,721	18,982	19,640	16,792
Purchased Electricity, Fuel and Other Consumables Used for Electric Generation	7,031	5,936	6,578	7,098	—
Other Operation	2,950	3,127	2,811	2,878	2,548
Maintenance	1,499	1,325	1,276	1,249	1,122
Asset Impairments and Other Related Charges	66	143	86	49	12
Loss on the Sale of the Competitive Contracted Renewables Portfolio	0	0	93	0	—
Depreciation and Amortization	3,380	3,290	3,090	3,203	2,826
Taxes Other Than Income Taxes	1,631	1,596	1,492	1,470	—
TOTAL EXPENSES	16,557	15,417	15,426	16,157	—
OPERATING INCOME	5,319	4,304	3,556	3,483	3,411
Other Income	48	65	64	12	41
Allowance for Equity Funds Used During Construction	245	211	175	134	140
Non-Service Cost Components of Net Periodic Benefit Cost	138	126	221	189	119
Interest Expense	−2,026	−1,863	−1,807	−1,396	—
INCOME BEFORE INCOME TAX EXPENSE (BENEFIT) AND EQUITY EARNINGS	3,724	2,843	2,209	2,420	2,512
Income Tax Expense	129	−39	55	5	116
Equity Earnings of Unconsolidated Subsidiaries	101	94	59	−109	92
NET INCOME	3,696	2,976	2,213	2,306	2,488
Net Income Attributable to Noncontrolling Interests	116	9	5	−2	0
EARNINGS ATTRIBUTABLE TO AEP MEMBER, Basic	3,580	2,967	2,208	2,307	2,488
EARNINGS ATTRIBUTABLE TO AEP MEMBER, Diluted	3,580	2,967	2,208	2,307	—
WEIGHTED AVERAGE NUMBER OF BASIC AEP COMMON SHARES OUTSTANDING (in shares)	535	530	519	512	501
TOTAL BASIC EARNINGS PER SHARE ATTRIBUTABLE TO AEP COMMON SHAREHOLDERS (in USD per share)	6.7	5.6	4.26	4.51	4.97
WEIGHTED AVERAGE NUMBER OF DILUTED AEP COMMON SHARES OUTSTANDING (in shares)	537	531	520	513	502
TOTAL DILUTED EARNINGS PER SHARE ATTRIBUTABLE TO AEP COMMON SHAREHOLDERS (in USD per share)	6.66	5.58	4.24	4.49	4.96

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and Cash Equivalents	197	203	330	509	403
Restricted Cash	71	43	49	47	48
Other Temporary Investments	220	215	214	188	220
Customers	1,166	1,100	1,030	1,145	721
Accrued Unbilled Revenues	421	367	180	323	204
Pledged Accounts Receivable AEP Credit	1,272	1,162	1,249	1,207	1,038
Miscellaneous	60	64	49	50	34
Allowance for Credit Losses	−52	−61	−60	−57	−56
Total Accounts Receivable	2,867	2,632	2,447	2,668	1,942
Fuel	576	749	854	435	308
Materials and Supplies	1,046	966	1,026	915	681
Risk Management Assets	352	210	218	349	194
Accrued Tax Benefits	85	38	156	99	122
Regulatory Asset for Under-Recovered Fuel Costs	426	446	514	1,310	648
Prepayments and Other Current Assets	212	287	274	255	130
TOTAL CURRENT ASSETS	6,052	5,789	6,082	6,776	7,809
Generation	28,388	24,830	24,330	—	—
Transmission	42,557	38,872	35,934	—	—
Distribution	33,364	31,062	28,990	—	—
Other Property, Plant and Equipment (Including Coal Mining and Nuclear Fuel)	8,635	7,491	6,485	—	—
Construction Work in Progress	7,635	6,347	5,508	4,810	3,684
Total Property, Plant and Equipment	120,579	108,602	101,246	97,021	86,806
Accumulated Depreciation and Amortization	28,205	26,186	24,553	—	—
TOTAL PROPERTY, PLANT AND EQUIPMENT NET	92,374	82,416	76,693	—	—
Regulatory Assets	4,804	5,129	5,092	4,762	4,142
Securitized Assets	933	554	336	446	553
Spent Nuclear Fuel and Decommissioning Trusts	4,916	4,395	3,860	—	—
Goodwill	53	53	53	53	53
Long-term Risk Management Assets	265	289	321	284	267
Operating Lease Assets	661	580	620	646	578
Deferred Charges and Other Noncurrent Assets	4,402	3,873	3,626	—	—
TOTAL OTHER NONCURRENT ASSETS	16,034	14,873	13,909	3,757	4,398
TOTAL ASSETS	114,460	103,078	96,684	93,403	87,669
Accounts Payable	3,429	2,638	2,033	2,671	2,055
Securitized Debt for Receivables AEP Credit	900	900	888	750	750
Other Short-term Debt	608	1,624	1,942	3,362	1,864
Total Short-term Debt	1,508	2,524	2,830	4,112	2,614
Long-term Debt Due Within One Year	3,194	3,335	2,491	2,486	2,154
Risk Management Liabilities	132	100	230	145	75
Customer Deposits	507	455	424	—	—
Accrued Taxes	2,002	1,922	1,800	1,715	1,586
Accrued Interest	544	453	410	337	273
Obligations Under Operating Leases	100	92	116	114	98
Other Current Liabilities	1,898	1,490	1,251	1,278	1,369
TOTAL CURRENT LIABILITIES	13,314	13,009	11,584	13,266	12,427
Long-term Debt	44,128	39,308	37,653	34,315	31,301
Long-term Risk Management Liabilities	178	224	242	345	230
Deferred Income Taxes	10,951	9,972	9,416	8,897	8,203
Regulatory Liabilities and Deferred Investment Tax Credits	8,362	8,344	8,182	8,116	8,686
Asset Retirement Obligations	3,556	3,531	2,973	2,879	2,676
Employee Benefits and Pension Obligations	232	361	242	—	—
Obligations Under Operating Leases	578	504	519	553	493
Deferred Credits and Other Noncurrent Liabilities	905	801	546	607	601
TOTAL NONCURRENT LIABILITIES	68,890	63,045	59,772	55,969	52,519
TOTAL LIABILITIES	82,204	76,054	71,356	69,235	64,945
Rate Matters (Note 4)	—	—	—	—	—
Commitments and Contingencies (Note 6)	—	—	—	—	—
Contingently Redeemable Performance Share Awards	38	38	43	—	—
Common Stock	3,523	3,472	3,428	3,413	3,409
Paid-in Capital	12,138	9,606	9,074	8,051	7,173
Retained Earnings	15,441	13,869	12,800	12,346	11,667
Accumulated Other Comprehensive Income (Loss)	36	−3	−56	84	185
TOTAL COMMON SHAREHOLDERS EQUITY	31,138	26,944	25,247	23,893	22,433
Noncontrolling Interests	1,080	42	39	229	247
TOTAL LIABILITIES AND EQUITY	114,460	103,078	96,684	93,403	87,669

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Deferred Income Taxes	311	58	185	−137	108
Mark-to-Market of Risk Management Contracts	−116	−81	9	16	112
Amortization of Nuclear Fuel	109	103	97	83	85
Pension Contributions to Qualified Plan Trust	−95	0	0	0	0
Property Taxes	−42	−45	−41	−41	—
Deferred Fuel Over/Under-Recovery, Net	133	277	893	−319	—
Change in Regulatory Assets	−304	−174	−316	−47	—
Change in Other Noncurrent Assets	−559	−348	−446	−188	−127
Change in Other Noncurrent Liabilities	269	306	29	338	206
Accounts Receivable, Net	−246	−156	236	−682	—
Fuel, Materials and Supplies	115	172	−504	−314	300
Accounts Payable	252	85	−253	489	201
Accrued Taxes, Net	32	240	22	105	219
Other Current Assets	85	−13	−44	109	−151
Other Current Liabilities	103	182	−162	54	−212
Net Cash Flows from Operating Activities	6,944	6,804	5,012	5,288	3,840
Construction Expenditures	−8,453	−7,631	−7,378	−6,672	−5,660
Purchases of Investment Securities	−2,981	−2,923	−2,864	−2,784	−1,955
Sales of Investment Securities	2,935	2,878	2,795	2,744	1,901
Acquisitions of Nuclear Fuel	−130	−140	−128	−101	−105
Acquisitions of Generation Facilities	−3,453	−399	−155	—	—
Proceeds from Sales of Assets	25	362	1,341	218	—
Proceeds from Sale of Equity Method Investment	0	114	0	0	—
Other Investing Activities	118	143	122	50	32
Net Cash Flows Used for Investing Activities	−11,939	−7,596	−6,267	−7,752	−6,434
Capital Contribution from Noncontrolling Interest	38	0	0	—	—
Issuance of Common Stock, Net	775	552	1,000	827	601
Issuance of Long-term Debt	8,261	5,117	5,463	4,650	6,486
Issuance of Short-term Debt with Original Maturities greater than 90 Days	320	724	1,070	834	1,393
Change in Short-term Debt with Original Maturities less than 90 Day, Net	−658	−159	−1,223	1,650	−487
Retirement of Long-term Debt	−3,649	−2,685	−2,196	−2,345	−2,989
Redemption of Short-term Debt with Original Maturities greater than 90 Days	−678	−871	−1,129	−986	−771
Principal Payments for Finance Lease Obligations	−51	−65	−68	−310	−64
Proceeds from the Midwest Transmission Holdings Noncontrolling Interest Transaction, Net of Transaction Costs	2,783	0	0	—	—
Dividends Paid on Common Stock	−2,008	−1,898	−1,752	−1,645	−1,520
Dividends Paid on Noncontrolling Interest	−108	−6	−8	—	—
Other Financing Activities	−8	−50	−80	−105	−42
Net Cash Flows from Financing Activities	5,017	659	1,077	2,569	2,607
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash	22	−133	−178	105	13

Filings

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Frequently asked questions

What is AMERICAN ELECTRIC POWER CO INC's CIK number?

AMERICAN ELECTRIC POWER CO INC's SEC CIK number is 0000004904 (4904). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find AMERICAN ELECTRIC POWER CO INC's SEC filings?

All of AMERICAN ELECTRIC POWER CO INC's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did AMERICAN ELECTRIC POWER CO INC last report earnings?

AMERICAN ELECTRIC POWER CO INC (AEP) most recently filed an earnings 8-K with the SEC on May 5, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0000004904-26-000031). This is AMERICAN ELECTRIC POWER CO INC's most recent earnings filing of record — not a forecast of its next earnings date.

What is AMERICAN ELECTRIC POWER CO INC's most recent earnings 8-K?

AMERICAN ELECTRIC POWER CO INC's latest earnings 8-K (Item 2.02) was filed May 5, 2026 under accession 0000004904-26-000031. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

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