AEP's reported revenue grew about 9.4% year over year on a trailing basis, with the latest quarter at $6.8 billion and 13.7% growth, suggesting that large industrial load growth is translating into top-line momentum.
Price trend, volume and key moving averages
Start with the evidence for owning the stock and the risks that can break the thesis.
Revenue expanded to $6.8 billion in the latest quarter with 13.7% growth, but net margin of 7.4% to 24.1% and EPS growth swinging between -43.2% and +95.3% suggest earnings volatility that may mask underlying regulated return stability.
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 11/7/2026, 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) |
|---|---|---|
Q4 2026Latest Oct 28, 2026 | $2.23+8.8% vs $2.05 | $6.8B+4.4% vs $6.5B |
Q3 2026 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 |
A weekly summary of dividend activity for Dividend Champions, Contenders, and Challengers. Companies which changed their dividends. Companies with upcoming ex-dividend dates.
Three regulated utilities go ex-dividend within days of each other, and only one of them funds its growth without leaning on new shares.
NextEra Energy is leaning into electricity demand, but it isn't the only way to play demand growth.
AEP just unveiled a $100 billion spending plan built around data centers, and income investors are asking who gets paid first. One Texas deadline in December could decide whether shareholders or new share issuance absorb the pressure.
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 |
|---|---|---|---|---|---|---|---|
| $126.53 | $68.85B | 20.74 | 9.37% | 14.38% | 10.12% | 3.05% | |
| $45.62 | $46.68B | 17.93 | 5.34% | 10.17% | 8.95% | 3.5% | |
| $127.78 | $99.62B | 18.49 | 6.19% | 15.94% | 9.63% | 3.32% | |
| $92.34 | $104.09B | 21.46 | 10.59% | 16% | 12.03% | 2.94% | |
| $68.60 | $60.34B | 22.35 | 14.16% | 13.94% | 8.01% | 3.88% | |
| $12.97 | $34.76B | 9.58 | 2.11% | 12% | 9.14% | 0.77% |
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)
Oct 28, 2026·SEC
Sep 30, 2026·SEC
Jul 30, 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 $23.34B in revenue over the trailing twelve months. Revenue was $21.78B in fiscal year 2025. That is 272% more than the $5.85B of fiscal year 1996.
American Electric Power Company, Inc. (AEP) grew revenue by 8.9% over the trailing twelve months, compared with the twelve months before.
Yes. American Electric Power Company, Inc. (AEP) earned $3.36B in net income over the trailing twelve months (a 14.4% net margin).
Yes. American Electric Power Company, Inc. (AEP) pays a dividend that yields 3.05% at the current price, a moderate yield.
American Electric Power Company, Inc. (AEP) had a return on equity (ROE) of 10.1% over the trailing twelve months. That is in line with the market's typical 10-15%.
American Electric Power Company, Inc. (AEP) generated $6.01B in free cash flow over the trailing twelve months.
American Electric Power Company, Inc. (AEP) has a dividend payout ratio of 56%. This suggests the dividend is well-covered and sustainable.
