How much revenue did AEP make in 2025?

Total revenues were $21,876 million in 2025, compared with $19,721 million in 2024 and $18,982 million in 2023, according to its 10-K. Earnings attributable to AEP were $3,580 million in 2025, or $6.66 per diluted share, against $2,967 million, or $5.58, in 2024.

Which AEP segment is the largest?

By 2025 revenues, Vertically Integrated Utilities, with total revenues of $12,819 million and earnings attributable to AEP of $1,605 million. Transmission and Distribution Utilities had revenues of $6,147 million and earnings of $816 million, AEP Transmission Holdco revenues of $2,377 million and earnings of $1,161 million, and Generation & Marketing revenues of $2,762 million and earnings of $287 million (10-K).

What were AEP's latest quarterly results?

For the quarter ended June 30, 2026, its 10-Q (unaudited) reports total revenues of $5,445 million and earnings attributable to AEP common shareholders of $713 million, or $1.30 per diluted share, against $1,226 million, or $2.29, a year earlier. In its July 30, 2026 release AEP reported operating earnings, a non-GAAP measure, of $1.36 per share against $1.43.

What is AEP's outlook for 2026?

In its July 30, 2026 earnings release AEP raised its full-year 2026 operating earnings guidance to $6.25 to $6.55 per share, from $6.15 to $6.45, and reaffirmed an annual operating earnings growth rate of 7% to 9% through 2030. Operating earnings are a non-GAAP measure, and these are the company's own projections, not reported results.

How much is AEP investing?

AEP cited a five-year, $78 billion capital plan in its July 30, 2026 release. Construction expenditures were $8,453 million in 2025 and $5,606 million in the first six months of 2026, according to its cash flow statements (10-K and 10-Q).

Does AEP pay a dividend?

Yes. Cash dividends declared were $3.74 per share in 2025, and dividends paid on common stock totaled $2,008 million that year (10-K). Cash dividends declared were $0.95 per share for the quarter ended June 30, 2026 (10-Q).

William J. Fehrman is Chief Executive Officer and Trevor I. Mihalik is Chief Financial Officer; both certified AEP's 10-Q for the quarter ended June 30, 2026.

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American Electric Power $AEP

Utilities · Electric Utilities · NASDAQ

Profile updated Oct 14, 2026

S&P 500 Nasdaq-100 Russell 1000 Ohio

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$127.44

+2.72 (+2.18%)

As of Oct 20, 2026, 12:45 PM EDT

Price history

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Key facts

52-week range (closes): $113.70 – $138.69 Lowest close Jan 7, 2026, highest Jun 26, 2026; 251 daily closes to Oct 13, 2026 from Dalsna Finance's price archive
Next earnings: Oct 28, 2026, before the open · EPS forecast $2.01 Nasdaq earnings calendar, as of Oct 20, 2026
Fiscal year ends: December Fiscal 2025 ended Dec 31, 2025, from SEC filings
In the S&P 500 since: Mar 4, 1957 · All S&P 500 changes
In the Nasdaq-100 since: Dec 21, 2020, replacing BioMarin Pharmaceutical (BMRN), Citrix Systems (CTXS), Expedia (EXPE), Liberty Global (LBTYA), Liberty Global (LBTYK), Take-Two Interactive (TTWO) and Ulta Beauty (ULTA) · Annual index reconstitution. · All Nasdaq-100 changes

American Electric Power (AEP) is trading up at $127.44 (+2.18%) on NASDAQ, as of the latest quote. It is a S&P 500 constituent in the Utilities sector.

American Electric Power revenue & net income history (FY2016–FY2025)

RevenueNet incomeNet margin (right axis, %)

American Electric Power annual financial statements
	FY2016Dec 2016	FY2017Dec 2017	FY2018Dec 2018	FY2019Dec 2019	FY2020Dec 2020	FY2021Dec 2021	FY2022Dec 2022	FY2023Dec 2023	FY2024Dec 2024	FY2025Dec 2025
Income statement
Revenue	$16.4B	$15.4B	$16.2B	$15.6B	$14.9B	$16.8B	$19.6B	$19.5B	$20.0B	$21.9B
Growth (year over year)	−0.4%	−5.8%	+5.0%	−3.9%	−4.1%	+12.6%	+17.0%	−0.9%	+2.6%	+9.5%
Gross profit	—	—	—	—	—	—	$12.5B	$12.9B	$14.0B	$14.8B
Gross margin	—	—	—	—	—	—	63.9%	66.2%	70.3%	67.9%
Operating income	$1.16B	$3.52B	$2.68B	$2.59B	$2.99B	$3.41B	$3.48B	$3.56B	$4.30B	$5.32B
Operating margin	7.1%	22.9%	16.6%	16.7%	20.0%	20.3%	17.7%	18.3%	21.6%	24.3%
Net income	$610.9M	$1.91B	$1.92B	$1.92B	$2.20B	$2.49B	$2.31B	$2.21B	$2.97B	$3.58B
Net margin	3.7%	12.4%	11.9%	12.3%	14.7%	14.8%	11.7%	11.3%	14.9%	16.4%
EPS (diluted)	$1.24	$3.88	$3.90	$3.88	$4.42	$4.96	$4.49	$4.24	$5.58	$6.66
Balance sheet
Cash and equivalents	$210.5M	$214.6M	$234.1M	$246.8M	$392.7M	$403.4M	$509.4M	$330.1M	$203.0M	$197.0M
Total assets	$63.5B	$64.7B	$68.8B	$75.9B	$80.8B	$87.7B	$93.4B	$96.7B	$103.1B	$114.5B
Total liabilities	$46.0B	$46.4B	$49.6B	$55.9B	$59.9B	$64.9B	$69.2B	$71.4B	$76.1B	$82.2B
Long-term debt	$17.4B	$19.4B	$21.6B	$25.1B	$29.0B	$31.3B	$34.3B	$37.7B	$39.3B	$44.1B
Shareholders' equity	$17.4B	$18.3B	$19.0B	$19.6B	$20.6B	$22.4B	$23.9B	$25.2B	$26.9B	$31.1B
Cash flow
Operating cash flow	$4.52B	$4.27B	$5.22B	$4.27B	$3.83B	$3.84B	$5.29B	$5.01B	$6.80B	$6.94B
Capital expenditure	$107.9M	$0	$0	$918.4M	$0	—	—	$155.0M	$399.0M	$3.45B
Free cash flow	$4.41B	$4.27B	$5.22B	$3.35B	$3.83B	—	—	$4.86B	$6.41B	$3.49B
Dividends paid	$1.12B	$1.19B	$1.26B	$1.35B	$1.42B	−$1.52B	$1.65B	$1.75B	$1.90B	$2.01B

RevenueNet incomeNet margin (right axis, %)

American Electric Power quarterly financial statements
	Q2 FY24Jun 2024	Q3 FY24Sep 2024	Q4 FY24^†Dec 2024	Q1 FY25Mar 2025	Q2 FY25Jun 2025	Q3 FY25Sep 2025	Q4 FY25^†Dec 2025	Q1 FY26Mar 2026
Income statement
Revenue	$4.66B	$5.47B	$4.76B	$5.46B	$5.09B	$6.01B	$5.32B	$6.02B
Growth (year over year)	+6.5%	+2.4%	−5.8%	+7.4%	+9.2%	+9.9%	+11.7%	+10.2%
Gross profit	$3.29B	$3.81B	$3.42B	$3.61B	$3.55B	$4.03B	$3.66B	$3.90B
Gross margin	70.6%	69.7%	72.0%	66.1%	69.7%	67.1%	68.8%	64.8%
Operating income	$683.9M	$1.35B	$1.10B	$1.28B	$1.40B	$1.52B	$1.11B	$1.36B
Operating margin	14.7%	24.7%	23.0%	23.5%	27.5%	25.3%	21.0%	22.6%
Net income	$340.3M	$961.7M	$659.3M	$800.0M	$1.23B	$972.0M	$582.2M	$874.0M
Net margin	7.3%	17.6%	13.9%	14.6%	24.1%	16.2%	11.0%	14.5%
EPS (diluted)	$0.64	$1.80	$1.24	$1.50	$2.29	$1.81	$1.06	$1.60
Balance sheet
Cash and equivalents	$202.5M	$245.8M	$203.0M	$256.8M	$227.3M	$1.07B	$197.0M	$306.0M
Total assets	$99.6B	$100.1B	$103.1B	$104.4B	$107.8B	$110.3B	$114.5B	$117.8B
Total liabilities	$73.4B	$73.4B	$76.1B	$77.0B	$76.8B	$78.7B	$82.2B	$84.7B
Long-term debt	$40.0B	$39.1B	$39.3B	$38.8B	$41.3B	$44.2B	$44.1B	$46.9B
Shareholders' equity	$26.1B	$26.6B	$26.9B	$27.3B	$29.9B	$30.4B	$31.1B	$31.8B
Cash flow
Operating cash flow	$1.46B	$2.17B	$1.73B	$1.45B	$1.22B	$2.46B	$1.81B	$1.52B
Capital expenditure	—	$0	$399.0M	$0	$1.36B	$298.0M	$1.80B	$965.0M
Free cash flow	—	$2.17B	$1.33B	$1.45B	−$138.2M	$2.16B	$17.5M	$554.0M
Dividends paid	$469.1M	$466.7M	$495.3M	$500.0M	$500.5M	$497.4M	$510.1M	$520.0M

From American Electric Power's 10-K and 10-Q filings with the SEC; its fiscal year ends in December. Each period shows the latest figure the company has reported for it, including restatements. Net margin is our own calculation from those reported figures (net income ÷ revenue); it is left blank where revenue is zero or missing. † Quarter derived from the company's year-to-date or full-year totals. Filings on SEC EDGAR →

American Electric Power vs the Utilities sector and the S&P 500

American Electric Power's latest reported figures next to the median of the other 30 S&P 500 Utilities companies and of the other 502 S&P 500 companies; each median is taken over the companies with a comparable figure (counts in the footnote). A median is the middle value, not an average, so one very large company does not move it.

American Electric Power compared with the median Utilities company and the median S&P 500 company
Measure	American Electric Power	Utilities (30 other S&P 500 companies)	S&P 500 (502 other companies)
Revenue growth, latest fiscal year	+9.5%	+9.7%	+7.0%
Net margin, latest fiscal year	16.4%	13.5%	12.9%
Dividend per share, latest fiscal year	$3.74	$2.48	$2.40
Share price change, 1 year	+5.9%	−7.7%	+5.7%

American Electric Power: fiscal year ended December 2025, from its 10-K and 10-Q filings with the SEC. Medians computed October 20, 2026 from each company's latest annual filing (fiscal years ending between July 2025 and September 2026) and our price archive. Prices for every company, American Electric Power included, are the last regular-session prices of October 19, 2026; the 1-year change compares that price with each company's last close on or before October 20, 2025. Net margin and price change are our calculations from reported figures. Each median counts only the companies with a comparable figure (sector / S&P 500): revenue growth 30/496, net margin 30/496, dividend per share 28/349, 1-year price change 30/490; the reasons below can overlap. 12 are left out of the price figure because our archive holds no comparable close for them; dividend medians are among the 28 sector and 349 S&P 500 companies reporting a per-share dividend. The S&P 500 price figure is the middle company's change, not the index's return.

About American Electric Power

American Electric Power Company, Inc. is an American domestic electric utility company in the United States. It is one of the largest electric utility companies in the country, with more than five million customers in 11 states.

Source: Wikipedia — American Electric Power

Headquarters: Columbus, Ohio From SEC filings, Oct 2026

Company profile

American Electric Power Company, Inc. (AEP), a New York corporation with its principal executive offices at 1 Riverside Plaza in Columbus, Ohio, says in the business segments note of its annual report for fiscal 2025 (Form 10-K) that its primary business is the generation, transmission and distribution of electricity. Its reportable segments are Vertically Integrated Utilities, Transmission and Distribution Utilities, AEP Transmission Holdco and Generation & Marketing, with its remaining activities presented as Corporate and Other. Its fiscal year ends December 31 and its common stock, $6.50 par value, trades on Nasdaq as AEP (10-K). In its July 30, 2026 earnings release AEP says it delivers energy to 5.6 million customers in 11 states, operates the nation's largest electric transmission system with 40,000 line miles and more than 252,000 miles of distribution lines, has approximately 33,000 megawatts of owned and contracted generating capacity and nearly 18,000 employees.

For 2025 the consolidated statements of income report total revenues of $21,876 million, compared with $19,721 million in 2024, operating income of $5,319 million and earnings attributable to AEP of $3,580 million, or $6.66 per diluted share, against $2,967 million, or $5.58, in 2024. Operating earnings, a non-GAAP measure, were $5.97 per share against $5.62 in 2024 (earnings release of February 12, 2026). Net cash flows from operating activities were $6,944 million and construction expenditures $8,453 million. At December 31, 2025 total assets were $114,460 million and long-term debt was $44,128 million. In June 2025 AEP closed the sale of a 19.9% noncontrolling interest in Midwest Transmission Holdings to Olympus BidCo L.P., an entity controlled by funds affiliated with Kohlberg Kravis Roberts & Co. and Public Sector Pension Investment Board, for $2.82 billion (10-K).

According to its 10-Q for the quarter ended June 30, 2026 (unaudited), total revenues were $5,445 million for the second quarter and $11,465 million for the first six months, and earnings attributable to AEP common shareholders were $713 million for the quarter, or $1.30 per diluted share, against $1,226 million, or $2.29, a year earlier. Second-quarter 2025 GAAP earnings included the impact of the FERC NOLC Order for years 2021-2024, which the July 30, 2026 release excludes from operating earnings ($480 million, or $0.90 per share). In that release AEP reported operating earnings, a non-GAAP measure, of $1.36 per share for the quarter against $1.43, raised its full-year 2026 operating earnings guidance to $6.25 to $6.55 per share from $6.15 to $6.45 (a company projection, non-GAAP), reaffirmed an annual operating earnings growth rate of 7% to 9% through 2030, and cited a five-year, $78 billion capital plan and total contracted load growth through 2030 of 69 GW.

In January 2026 an unregulated AEP subsidiary agreed to buy solid oxide fuel cells for approximately $2.65 billion for a generation facility expected to be near Cheyenne, Wyoming, with a 20-year agreement for a third-party customer to take all of its output (Form 8-K). AEP entered into forward sale agreements on May 12 and 13, 2026, relating to an aggregate of 23,543,308 common shares sold to the underwriters, at an initial forward sale price of $124.968 per share, expected to settle on or before May 31, 2028 (Form 8-K). William J. Fehrman is Chief Executive Officer and Trevor I. Mihalik is Chief Financial Officer (10-Q, Exhibits 31.A and 31.B).

Summary sources:¹²³⁴⁵⁶⁷⁸⁹¹⁰¹¹¹²¹³

$21,876 million³

Total revenues, 2025 (year ended December 31, 2025)

$5,319 million³

Operating income, 2025

$3,696 million³

Net income, 2025

$3,580 million³

Earnings attributable to AEP, 2025

$6.66³

Diluted earnings per share attributable to AEP common shareholders, 2025

$5.97⁷

Operating earnings per share, 2025 (non-GAAP, as reported by AEP)

$6,944 million⁴

Net cash flows from operating activities, 2025

$8,453 million⁴

Construction expenditures, 2025

$2,008 million⁴

Dividends paid on common stock, 2025

$3.74¹⁴

Cash dividends declared per share, 2025

$114,460 million⁵

Total assets, December 31, 2025

$44,128 million⁵

Long-term debt, December 31, 2025

$32,218 million⁵

Total equity, December 31, 2025

5.6 million in 11 states⁹

Customers (as stated by AEP, July 30, 2026)

40,000⁹

Transmission line miles (as stated by AEP, July 30, 2026)

approximately 33,000 megawatts⁹

Owned and contracted generating capacity (as stated by AEP, July 30, 2026)

$5,445 million⁸

Total revenues, quarter ended June 30, 2026 (unaudited)

$11,465 million⁸

Total revenues, six months ended June 30, 2026 (unaudited)

$713 million⁸

Earnings attributable to AEP common shareholders, quarter ended June 30, 2026 (unaudited)

$1.30⁸

Diluted earnings per share, quarter ended June 30, 2026 (unaudited)

$1.36⁹

Operating earnings per share, quarter ended June 30, 2026 (non-GAAP, as reported by AEP)

$3,421 million¹⁵

Net cash flows from operating activities, six months ended June 30, 2026 (unaudited)

$5,606 million¹⁵

Construction expenditures, six months ended June 30, 2026 (unaudited)

$0.95¹⁶

Cash dividends declared per share, quarter ended June 30, 2026 (unaudited)

$121,570 million¹⁷

Total assets, June 30, 2026 (unaudited)

$47,987 million¹⁷

Long-term debt, June 30, 2026 (unaudited)

$6.25 to $6.55 per share⁹

Full-year 2026 operating earnings guidance (company projection, non-GAAP, as of July 30, 2026)

$78 billion⁹

Capital plan, 2026 to 2030 (company plan, as of July 30, 2026)

Revenue by fiscal year, as reported in 10-K

Fiscal year	Revenue (as reported in 10-K)	Reported as	Filed
2021	$16,792.0 million¹⁸	Form 10-K for fiscal year 2021 (year ended December 31, 2021), total revenues, in millions as filed	Feb 24, 2022
2022	$19,639.5 million¹⁹	Form 10-K for fiscal year 2022 (year ended December 31, 2022), total revenues, in millions as filed	Feb 23, 2023
2023	$18,982.3 million²⁰	Form 10-K for fiscal year 2023 (year ended December 31, 2023), total revenues, in millions as filed	Feb 26, 2024
2024	$19,721.3 million²¹	Form 10-K for fiscal year 2024 (year ended December 31, 2024), total revenues, in millions as filed	Feb 13, 2025
2025	$21,876 million³	Form 10-K for fiscal year 2025 (year ended December 31, 2025), total revenues, in millions as filed	Feb 12, 2026

Segments and products

Vertically Integrated Utilities: Generation, transmission and distribution of electricity for sale to retail and wholesale customers through assets owned and operated by AEGCo, APCo, I&M, KGPCo, KPCo, PSO, SWEPCo and WPCo (10-K, segment note). Total revenues as filed: $12,819 million in 2025, $11,597 million in 2024 and $11,450 million in 2023; earnings attributable to AEP $1,605 million, $1,453 million and $1,090 million; gross property additions $7,333 million in 2025 (10-K, segment details).²²
Transmission and Distribution Utilities: Transmission and distribution of electricity for sale to retail and wholesale customers through assets owned and operated by AEP Texas and OPCo (10-K, segment note). Total revenues as filed: $6,147 million in 2025, $5,908 million in 2024 and $5,713 million in 2023; earnings attributable to AEP $816 million, $726 million and $699 million; gross property additions $2,978 million in 2025 (10-K, segment details).²²
AEP Transmission Holdco: Development, construction and operation of transmission facilities through investments in AEPTCo (10-K, segment note). Total revenues as filed: $2,377 million in 2025, $1,951 million in 2024 and $1,729 million in 2023, of which revenues from nonrelated parties were $493 million, $425 million and $397 million; earnings attributable to AEP $1,161 million, $790 million and $703 million; gross property additions $1,615 million in 2025 (10-K, segment details).²²
Generation & Marketing: Marketing, risk management and retail activities in ERCOT, MISO, PJM and SPP, and competitive generation in PJM (10-K, segment note). Total revenues as filed: $2,762 million in 2025, $2,045 million in 2024 and $1,632 million in 2023; earnings attributable to AEP $287 million, $289 million and a loss of $26 million (10-K, segment details).²²
Corporate and Other: Not a reportable segment; the 10-K presents the remainder of AEP's activities here. Total revenues as filed: $144 million in 2025, $183 million in 2024 and $168 million in 2023; earnings attributable to AEP were losses of $289 million, $291 million and $258 million. Reconciling adjustments were $(2,373) million, $(1,963) million and $(1,710) million of revenues, giving consolidated total revenues of $21,876 million, $19,721 million and $18,982 million (10-K, segment details).²²
Segment earnings, second quarter of 2026: As reported in the July 30, 2026 release, in millions, GAAP earnings for the quarter against a year earlier: Vertically Integrated Utilities $284 against $433; Transmission & Distribution Utilities $222 against $224; AEP Transmission Holdco $225 against $578; Generation & Marketing $97 against $62; All Other $(115) against $(71). Operating earnings (non-GAAP): $302 against $297, $239 against $224, $225 against $224, $91 against $92 and $(115) against $(71).⁹

Risks

Rate and regulatory proceedings: The 10-K's rate matters note says AEP's registrant subsidiaries are involved in rate and regulatory proceedings at the FERC and their state commissions, and that rate matters can have a material impact on net income, cash flows and possibly financial condition. The note covers proceedings for AEP Texas, APCo and WPCo, I&M, KPCo, OPCo, PSO, SWEPCo and FERC transmission matters (10-K, Rate Matters note).²³
Legal, environmental and nuclear contingencies: The 10-K says the registrants are subject to certain claims and legal actions arising in the ordinary course of business. Its contingencies note also describes the Federal EPA's revised coal combustion residuals (CCR) rule, Superfund and state remediation, indemnification claims by owners of the Gavin Power Station, and nuclear contingencies that apply to AEP and I&M (10-K, Commitments, Guarantees and Contingencies note).²⁴
Large capital program and financing: AEP cited a five-year, $78 billion capital plan in its July 30, 2026 release. Long-term debt was $47,987 million at June 30, 2026 (10-Q). Under forward sale agreements entered into in May 2026, AEP receives proceeds only if it elects physical settlement, and its Form 8-K says the forward purchasers can accelerate settlement in specified cases, which could require it to issue shares regardless of its capital needs, resulting in dilution.¹¹
Load growth and new projects: AEP said on July 30, 2026 that total contracted load growth through 2030 had reached 69 GW, and that it had secured approximately 13 GW of gas-fired turbine capacity for potential deployment through 2031. Its January 2026 fuel cell purchase of approximately $2.65 billion is tied to a 20-year offtake agreement that was subject to conditions AEP expected to be met by the second quarter of 2026; if they are not met, the 8-K says AEP will be financially compensated for all capital and costs incurred (Form 8-K).¹⁰
Cybersecurity: The 10-K describes a cybersecurity program designed to identify, assess and manage risks from cybersecurity threats, including those posed by third parties. AEP's Board of Directors oversees the program through its Technology Committee, and day-to-day oversight is led by a Senior Vice President who reports to the Chief Executive Officer (10-K, Item 1C).²⁵
Impairments: In the fourth quarter of 2025 AEP recorded a $66 million charge in Asset Impairments and Other Related Charges after an in-process project to replace a legacy enterprise system was no longer probable of completion (10-K, Acquisitions, Dispositions and Impairments note).⁶

Frequently asked questions

What does American Electric Power do?: AEP's primary business is the generation, transmission and distribution of electricity, according to its 10-K for 2025. Its reportable segments are Vertically Integrated Utilities, Transmission and Distribution Utilities, AEP Transmission Holdco and Generation & Marketing. In its July 30, 2026 release it says it delivers energy to 5.6 million customers in 11 states.
How much revenue did AEP make in 2025?: Total revenues were $21,876 million in 2025, compared with $19,721 million in 2024 and $18,982 million in 2023, according to its 10-K. Earnings attributable to AEP were $3,580 million in 2025, or $6.66 per diluted share, against $2,967 million, or $5.58, in 2024.
Which AEP segment is the largest?: By 2025 revenues, Vertically Integrated Utilities, with total revenues of $12,819 million and earnings attributable to AEP of $1,605 million. Transmission and Distribution Utilities had revenues of $6,147 million and earnings of $816 million, AEP Transmission Holdco revenues of $2,377 million and earnings of $1,161 million, and Generation & Marketing revenues of $2,762 million and earnings of $287 million (10-K).
What were AEP's latest quarterly results?: For the quarter ended June 30, 2026, its 10-Q (unaudited) reports total revenues of $5,445 million and earnings attributable to AEP common shareholders of $713 million, or $1.30 per diluted share, against $1,226 million, or $2.29, a year earlier. In its July 30, 2026 release AEP reported operating earnings, a non-GAAP measure, of $1.36 per share against $1.43.
What is AEP's outlook for 2026?: In its July 30, 2026 earnings release AEP raised its full-year 2026 operating earnings guidance to $6.25 to $6.55 per share, from $6.15 to $6.45, and reaffirmed an annual operating earnings growth rate of 7% to 9% through 2030. Operating earnings are a non-GAAP measure, and these are the company's own projections, not reported results.
How much is AEP investing?: AEP cited a five-year, $78 billion capital plan in its July 30, 2026 release. Construction expenditures were $8,453 million in 2025 and $5,606 million in the first six months of 2026, according to its cash flow statements (10-K and 10-Q).
What was the Midwest Transmission Holdings transaction?: In June 2025 AEP closed the sale of a 19.9% noncontrolling interest in Midwest Transmission Holdings to Olympus BidCo L.P., an entity controlled by funds affiliated with Kohlberg Kravis Roberts & Co. and Public Sector Pension Investment Board, for $2.82 billion. Its 2025 cash flow statement shows proceeds of $2,783 million, net of transaction costs (10-K).
Does AEP pay a dividend?: Yes. Cash dividends declared were $3.74 per share in 2025, and dividends paid on common stock totaled $2,008 million that year (10-K). Cash dividends declared were $0.95 per share for the quarter ended June 30, 2026 (10-Q).
Who runs AEP?: William J. Fehrman is Chief Executive Officer and Trevor I. Mihalik is Chief Financial Officer; both certified AEP's 10-Q for the quarter ended June 30, 2026.