AEP FINANCIAL STATEMENTS

American Electric Power Co Inc — balance sheet, income statement and cash flow trends

AEPAmerican Electric Power Co Inc

🇺🇸 USA · US · Utilities · Utilities - Regulated Electric

Value it Duel

Income Statement

Quarterly progression — trailing-twelve-month values

RevenueNet Income

Profit Funnel

Q1 2026 · TTM

Percentages are relative to revenue.

Key Figures

YoY change

Revenue22.2 B $+8.3%

Gross Profit9 B $+38.6%

Operating Income5.2 B $+7.2%

EBITDA8.7 B $+6.8%

Net Income3.7 B $+32.2%

Peer Comparison· Utilities - Regulated Electric

Company	Rev. Growth	Gross Margin	EBITDA Margin	Net Margin
AEP	8.3%	40.4%	39.2%	16.5%
ELE	-1.6%	34.5%	26.6%	11.2%
FTS	4.1%	32.6%	49.0%	14.8%
H	6.4%	27.4%	36.2%	14.8%
EMA	3.1%	17.7%	36.1%	13.2%
RED	35.5%	85.6%	76.4%	30.1%
Industry median	7.9%	40.7%	40.4%	13.6%

Company	Rev. Growth	Gross Margin	EBITDA Margin	Net Margin
AEP	8.3%	40.4%	39.2%	16.5%
D	17.9%	49.4%	44.7%	16.9%
DUK	7.6%	58.4%	48.2%	15.4%
ETR	11.4%	43.3%	44.5%	13.6%
SO	8.3%	43.1%	47.9%	14.5%
XEL	7.9%	18.9%	42.0%	14.1%
Industry median	7.9%	40.7%	40.4%	13.6%

Balance Sheet

Quarterly period-end values

Total AssetsTotal LiabilitiesEquity

Capital Structure

Q1 2026

Equity31.8 B $27%
Current Liabilities12.6 B $11%
Long-term Liabilities72.2 B $62%

Key Figures

YoY change

Total Assets117.8 B $+12.8%

Total Liabilities84.8 B $+10.1%

Total Equity31.8 B $+16.4%

Cash & ST Investments549 M $+18.4%

Total Debt51.8 B $+10.3%

Net Debt51.5 B $+10.3%

Peer Comparison· Utilities - Regulated Electric

Company	Current Ratio	Debt/Equity	NetDebt/EBITDA	Equity/Assets
AEP	0.53	162.8%	5.89	27.0%
ELE	1.00	135.0%	2.06	21.6%
FTS	0.49	145.2%	5.86	31.8%
H	0.54	149.2%	5.69	32.3%
EMA	1.07	168.8%	7.34	29.5%
RED	1.14	—	—	34.0%
Industry median	0.78	161.2%	5.63	28.1%

Company	Current Ratio	Debt/Equity	NetDebt/EBITDA	Equity/Assets
AEP	0.53	162.8%	5.89	27.0%
D	0.78	177.6%	6.53	24.6%
DUK	0.66	167.5%	5.55	27.5%
ETR	0.96	196.3%	5.16	22.9%
SO	0.65	204.7%	5.20	23.6%
XEL	0.77	164.7%	6.02	28.1%
Industry median	0.78	161.2%	5.63	28.1%

Cash Flow Statement

Quarterly progression — trailing-twelve-month values

Operating Cash FlowCapital ExpendituresFree Cash Flow

Cash Flow Bridge

Q1 2026 · TTM

Key Figures

YoY change

Operating Cash Flow7 B $+2.9%

Capital Expenditures7.7 B $-5.6%

Free Cash Flow7.7 B $—

Dividends Paid-2 B $-204.6%

Peer Comparison· Utilities - Regulated Electric

Company	CF Margin	FCF Margin	CapEx Ratio	CF/Net Income
AEP	31.6%	34.5%	34.5%	191.9%
ELE	19.1%	10.1%	8.9%	170.8%
FTS	32.4%	-17.6%	50.0%	219.3%
H	27.8%	-5.0%	32.8%	188.0%
EMA	22.7%	-22.8%	45.5%	171.8%
RED	47.9%	-56.4%	66.9%	159.3%
Industry median	29.1%	-9.0%	44.9%	208.0%

Company	CF Margin	FCF Margin	CapEx Ratio	CF/Net Income
AEP	31.6%	34.5%	34.5%	191.9%
D	28.8%	-42.1%	70.8%	170.2%
DUK	35.1%	19.8%	53.9%	227.4%
ETR	41.0%	-22.6%	63.5%	302.1%
SO	32.4%	-12.5%	44.9%	224.1%
XEL	4.5%	-21.9%	88.6%	32.0%
Industry median	29.1%	-9.0%	44.9%	208.0%

Amounts are in the company’s reporting currency. Peer comparison tables use ratio-based metrics so currency differences do not distort the picture.

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Data on this page refreshes once per day. Price data as of Jul 6, 26. This content is for informational purposes only and is not investment advice.