AEP's $72B five-year capital plan is driving high single-digit rate base growth, with net PPE up 11.6% YoY to $97.3B in Q2 2026, supporting revenue growth of 7.0% YoY. However, earned ROE trails authorized levels, and the debt-to-equity ratio of 1.60 approache...
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Revenue grew 7.0% YoY in Q2 2026 to $5.4B, but net income fell 43.2% YoY to $713M, reflecting regulatory lag and non-cash credits, with operating margin at 47.5% due to pass-through fuel costs.
AEP has secured substantial contracted load additions, a large portion driven by data centers and AI workloads. This growing demand is expected to lift revenue and earnings, positioning the company as a key electricity supplier for high‑power data centers.
The company plans $54 billion in capital expenditures over the next five years, with an additional $10 billion possible for new projects. Most of this investment targets expanding its transmission and distribution network, projected to boost the rate base and earnings CAGR.
AEP is developing new transmission infrastructure, notably the Piketon 765 kV line, to support a large data center campus. This project underscores its focus on regulated transmission as a core growth theme.
Trailing total returns as of 9/23/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q3 2026Latest Jul 30, 2026 | $1.36-8.1% vs $1.48 | $5.4B+1.9% vs $5.3B |
Q2 2026 May 5, 2026 | $1.64+4.5% vs $1.57 | $6.0B+5.3% vs $5.7B |
Q1 2026 Feb 12, 2026 | $1.19+3.5% vs $1.15 | $5.3B+8.7% vs $4.9B |
Q4 2025 Oct 29, 2025 | $1.80-0.6% vs $1.81 | $6.0B+5.2% vs $5.7B |
One company is already powering AI data centers at scale with record revenue and expanding profits. The other is developing portable nuclear reactors that could one day do the same, but is still waiting on regulatory approval to begin construction.
Bloom Energy is doubling its revenue and crossing major milestones. GE Vernova has a record backlog, surging orders, and the scale to power entire national grids. Both are vital to the AI energy build-out, but only one is already indispensable.
Bloom Energy is doubling its revenue on the back of AI data center demand. Diamondback is generating extraordinary free cash flow, paying a growing dividend, and quietly positioning itself at the intersection of oil and AI infrastructure.
Bank of America Corp DE purchased a new position in American Electric Power Company, Inc. (NASDAQ: AEP) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 12,269,851 shares of the company's stock, valued at approximately $1,678,638,000. Bank of America
Benchmark AEP against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for American Electric Power Company, Inc. (AEP)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $120.27 | $65.44B | 18.06 | 9.37% | 16.43% | 12.09% | 3.21% | |
| $41.80 | $42.77B | 15.26 | 5.34% | 10.99% | 9.61% | — | |
| $116.31 | $90.67B | 18.43 | 6.19% | 15.72% | 9.58% | — | |
| $85.15 | $95.99B | 21.72 | 10.59% | 15.43% | 11.69% | — | |
| $62.43 | $54.91B | 18.10 | 14.16% | 13.93% | 7.71% | — | |
| $12.88 | $34.52B | 10.92 | 2.11% | 12.25% | 9.54% | — |
American Electric Power Company, Inc. (AEP) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Verify the primary filings, follow material updates, and answer the remaining questions.
American Electric Power Company, Inc. (AEP) SEC filings — annual & quarterly reports (10-K, 10-Q)
Jul 30, 2026·SEC
Jul 21, 2026·SEC
May 14, 2026·SEC
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American Electric Power Company, Inc. (AEP) stock FAQ — growth, dividends, profitability & financials explained
American Electric Power Company, Inc. (AEP) reported $22.52B in revenue for fiscal year 2025. This represents a 285% increase from $5.85B in 1996.
American Electric Power Company, Inc. (AEP) grew revenue by 9.4% over the past year. This is steady growth.
Yes, American Electric Power Company, Inc. (AEP) is profitable, generating $3.14B in net income for fiscal year 2025 (16.4% net margin).
Yes, American Electric Power Company, Inc. (AEP) pays a dividend with a yield of 3.21%. This makes it attractive for income-focused investors.
American Electric Power Company, Inc. (AEP) has a return on equity (ROE) of 12.1%. This is reasonable for most industries.
American Electric Power Company, Inc. (AEP) generated $7.22B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.
American Electric Power Company, Inc. (AEP) has a dividend payout ratio of 56%. This suggests the dividend is well-covered and sustainable.
