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American Electric Power Co. Inc. (AEP)

AEP is a public utility holding company that directly owns all of the outstanding common stock of the public utility subsidiaries that generate, transmit and distribute electricity. It was incorporated in New York in 1906 and reorganised in 1925. The service areas of those subsidiaries cover portions of Arkansas, Indiana, Kentucky, Louisiana, Michigan, Ohio, Oklahoma, Tennessee, Texas, Virginia and West Virginia. As a holding company rather than an operating company, AEP itself has no employees, and its subsidiaries had a total of 17,581 at the end of 2025. It reports four segments: Vertically Integrated Utilities, Transmission and Distribution Utilities, AEP Transmission Holdco, and Generation & Marketing.

American Electric Power Co. Inc.

AEP is a public utility holding company that directly owns all of the outstanding common stock of the public utility subsidiaries that generate, transmit and distribute electricity. It was incorporated in New York in 1906 and reorganised in 1925. The service areas of those subsidiaries cover portions of Arkansas, Indiana, Kentucky, Louisiana, Michigan, Ohio, Oklahoma, Tennessee, Texas, Virginia and West Virginia. As a holding company rather than an operating company, AEP itself has no employees, and its subsidiaries had a total of 17,581 at the end of 2025. It reports four segments: Vertically Integrated Utilities, Transmission and Distribution Utilities, AEP Transmission Holdco, and Generation & Marketing.

Vertically Integrated Utilities

The 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. Generation is dispatched centrally, and AEPSC acts as agent for the subsidiaries in marketing, generation dispatch, fuel procurement and power-related risk management and trading. The segment owned approximately 25,400 MW of generation at the end of 2025.

Sales are made at rates approved by the state utility commissions of the states in which the subsidiaries operate, and in some instances approved by the federal energy regulator. The filing says these sales are not subject to competition from other vertically integrated public utilities, and that other than AEGCo these companies hold franchises or other rights that effectively grant the exclusive ability to provide electric service in various municipalities and regions.

On an actual net generation basis in 2025, coal and lignite supplied 43 percent, natural gas 22 percent, nuclear 19 percent and renewables 16 percent. The plants took delivery of 19 million tons of coal and lignite during the year and consumed approximately 164 billion cubic feet of natural gas for generating power. Through subsidiaries the segment owns, leases or controls 3,009 railcars, 270 barges, 4 towboats and a coal handling terminal with approximately 18 million tons of annual capacity. Coal inventory stood at approximately 63 days of full load burn at the end of 2025, against a current inventory target of approximately 35 days per plant.

Nuclear generation comes from I&M's Cook Plant. The operating licences expire in 2034 for Unit 1 and 2037 for Unit 2, and the filing states that management has started the application process for extensions that would carry the two units to 2054 and 2057.

Transmission and Distribution Utilities

The transmission and distribution of electricity, without generation, through assets owned and operated by AEP Texas and OPCo. Their services are sold to retail customers in their service territories at rates approved by the Texas utility regulator for AEP Texas, and by the Ohio utilities regulator and the federal energy regulator for OPCo. AEP Texas had approximately 1,133,000 retail customers at the end of 2025 and OPCo approximately 1,547,000. OPCo purchases energy and capacity at auction to serve generation service customers who have not switched to a competitive generation supplier.

AEP Transmission Holdco

A holding company for AEPTCo, which is in turn the direct holding company of the state transmission companies, and the holder of interests in several transmission joint ventures. The state transmission companies develop, own, operate and maintain their respective transmission assets, and are independent of but respectively overlay the electric utility operating companies APCo, I&M, KPCo, OPCo, PSO, SWEPCo and WPCo.

The joint ventures were established with nonaffiliated electric utility companies to develop, build and own transmission assets, and the filing says they seek to improve reliability and market efficiency and provide transmission access to remote generation sources in North America. They include ETT in the ERCOT area of Texas, Prairie Wind Transmission in Kansas, Pioneer Transmission in Indiana, Transource Energy across Missouri, West Virginia, Maryland, Oklahoma and Pennsylvania, Midcontinent Grid Solutions in Wisconsin, and Valley Link Transmission in Maryland, Virginia and West Virginia.

Generation & Marketing

A retail supply business and a wholesale energy trading and marketing business. The retail business, AEP Energy, provides electricity and natural gas to residential, commercial and industrial customers in Illinois, Pennsylvania, Delaware, Maryland, New Jersey, Ohio and Washington, D.C., and had approximately 922,342 customer accounts at the end of 2025. The wholesale business transacts within regional transmission organisations to provide supply to customers, manage pricing risk or otherwise fulfil contractual obligations, and in certain instances procures physical electricity from identified sources including renewable generation. The segment also holds rights to Cardinal Plant Unit 1's power and capacity through 2028 under an agreement with a nonaffiliated electric cooperative. AEP OnSite Partners was sold in September 2024 and AEP Renewables in August 2023.

Who takes the power

The industries named as principally served across the utility subsidiaries include petroleum and coal products manufacturing, chemical manufacturing, oil and gas extraction, pipeline transportation, primary metal manufacturing, data processing, coal mining, paper manufacturing, transportation equipment, plastics and rubber products, fabricated metals and food manufacturing. Data processing here primarily includes data centres and cryptocurrency operations. The subsidiaries also supply and market electric power at wholesale to other electric utility companies, rural electric cooperatives, municipalities and other market participants.

Seasonality

Demand for power peaks during the hot summer months in many parts of the country, and during the cold winter months in some areas. The filing says AEP has historically sold and delivered less power when weather conditions are milder.

From American Electric Power's annual report on Form 10-K for the year ended 31 December 2025. The filing

Compare with another name What $10,000 in American Electric Power became

Latest results

Latest quarterQ3 FY2026ended 30 September 2026 · 10-Q filed 28 October 2026
Revenue
$6.8 billion
+13.7% on the year · +25.5% on the quarter
Q4 FY2024Q3 FY2026
Net income
$1.2 billion
+22.1% on the year · +66.5% on the quarter
Q4 FY2024Q3 FY2026
Diluted EPS
$2.16
+19.3% on the year · +66.2% on the quarter
Q4 FY2024Q3 FY2026

this quarterthe same quarter a year earlierHover a bar for its figure.

Read the Q3 FY2026 results →the 10-Q on EDGAR ↗
Last full yearFY2025ended 31 December 2025 · 10-K filed 12 February 2026
Revenue
$21.9 billion
+10.9% on the year
FY2018FY2025
Net income
$3.6 billion
+20.7% on the year
FY2018FY2025
Diluted EPS
$6.66
+19.4% on the year
FY2018FY2025

this yearthe year beforeHover a bar for its figure.

The years before, in wordsAmerican Electric Power (AEP) reported revenue of $21.9 billion for fiscal 2025, the year ended 31 December 2025, up 10.9% on the year before. Net income was $3.6 billion and diluted earnings per share $6.66. Revenue was $19.7 billion in fiscal 2024, $19.0 billion in fiscal 2023, $19.6 billion in fiscal 2022 and $16.8 billion in fiscal 2021. Net income in the same years was $3.0 billion, $2.2 billion, $2.3 billion and $2.5 billion. Over the twelve months to 30 September 2026, American Electric Power reported revenue of $23.6 billion and net income of $3.4 billion. Revenue grew 8.0% a year, compounded, over the five years to fiscal 2025. American Electric Power declared $3.80 a share in dividends over the last four quarters and had 545 million shares outstanding at the latest filed count. At the close of 6 November 2026 the market cap of American Electric Power was $68.9 billion, 20.7 times its earnings over the last twelve months.
Read the FY2025 results →the 10-K on EDGAR ↗

Ratios

From the filings

ROE10.2%
ROCE6.5%
Operating margin23.4%
Net margin14.2%
FCF margin14.4%
Interest cover2.4x
Debt to equity1.60x
Cash conversion2.26x
Share count, last 12 months1.7%
Sales CAGR, 3 years3.7%
Profit CAGR, 3 years15.8%
EPS, TTM$6.12

At the close of 6 November 2026

Price$126.50
Market cap$68.9 billion
Stock P/E20.7x
Price to book2.1x
EV / EBITDAn/a
Dividend yield3.0%
Market cap / sales2.9x
52-week high$138.69
52-week low$113.70
Price, 1 year5.8%
Price CAGR, 3 years17.1%
Price CAGR, 5 years8.3%

29 ready-made ratios, from FCF yield to net debt to EBITDA, wait on the Formulas page, each with what it tells you. Browse and add them →

Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest price, the last regular-hours trade on IEX. Debt to equity here stands on long-term debt as American Electric Power Co. Inc. files it, with lease liabilities counted separately and never inside it. Nothing here is a valuation or a view.
AEPgreeksoup.ai
Daily prices to 6 November 2026, adjusted for splits; from 28 September 2026 each day's price is the last regular-hours trade on IEX.
Read moreData provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use. Day by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

Quarterly results

Q4 FY2021 *Q1 FY2022Q2 FY2022Q3 FY2022Q4 FY2022 *Q1 FY2023Q2 FY2023Q3 FY2023 †Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025 †Q2 FY2025Q3 FY2025 †Q4 FY2025 *Q1 FY2026Q2 FY2026Q3 FY2026
Revenue4,0614,5934,6405,5264,8814,6914,3725,3424,5775,0264,5795,4204,6965,4635,0876,0105,3156,0205,4456,832
Cost of revenuen/an/an/an/an/an/an/an/an/a1,5761,3681,6591,3331,8531,5411,9801,6562,1181,6032,087
Gross profitn/an/an/an/an/an/an/an/an/a3,4503,2113,7613,3643,6103,5464,0303,6593,9023,8424,745
Gross marginn/an/an/an/an/an/an/an/an/a69%70%69%72%66%70%67%69%65%71%69%
Operating income6849881,0049305607058751,3536231,1736841,3521,0961,2841,3991,5211,1141,3601,2471,812
Operating margin17%22%22%17%11%15%20%25%14%23%15%25%23%24%28%25%21%23%23%27%
Interest expense304313328361394416460470461436466499463495490508533552585606
Pre-tax income4537557406572683915251,0012928393249826988901,0171,1187009227701,318
Tax rate-15%7%7%-2%-32%3%5%6%-17%-17%2%4%8%14%-25%12%17%5%7%9%
Net income5397155215213844005169583361,0063409626648001,2269725828747131,187
Net margin13%16%11%9%8%9%12%18%7%20%7%18%14%15%24%16%11%15%13%17%
Diluted EPS$1.08$1.41$1.02$1.33$0.73$0.77$1.01$1.83$0.63$1.90$0.64$1.80$1.24$1.50$2.29$1.81$1.06$1.60$1.30$2.16
Operating cash flow8671,6221,3681,7425557181,1641,7941,3361,4421,4622,1731,7271,4501,2212,4601,8131,5191,9022,346
Capital expendituren/an/an/an/an/an/an/an/an/an/an/a0.0n/a0.01,3592981,7969653501,079
Free cash flown/an/an/an/an/an/an/an/an/an/an/a2,173n/a1,450-1382,16217.55541,5521,267
Dividends paid397399405409433432432430-3,054467469471496501500497510520519519
Shares outstanding504m514m514m514m514m515m515m526m526m527m532m533m533m534m535m535m541m544m544m545m
Filing10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss)

FY2007FY2008FY2009FY2010FY2011FY2012FY2013 †FY2014 †FY2015FY2016 †FY2017 †FY2018 †FY2019FY2020FY2021 †FY2022 †FY2023 †FY2024 †FY2025TTM
Revenue13,38014,44013,48914,42715,11614,94514,81416,37916,45316,38015,42516,19615,56114,91816,79219,64018,98219,72121,87623,612
Cost of revenuen/an/an/an/an/an/an/an/an/an/an/an/an/an/an/a7,0986,5785,9367,0317,464
Gross profitn/an/an/an/an/an/an/an/an/an/an/an/an/an/an/a12,54212,40413,78514,84516,148
Gross marginn/an/an/an/an/an/an/an/an/an/an/an/an/an/an/a63.9%65.3%69.9%67.9%68.4%
Operating income2,3192,7872,7712,6632,7822,6562,8223,1273,3341,1643,5252,6832,5922,9883,4113,4833,5564,3045,3195,533
Operating margin17.3%19.3%20.5%18.5%18.4%17.8%19.1%19.1%20.3%7.1%22.9%16.6%16.7%20.0%20.3%17.7%18.7%21.8%24.3%23.4%
Interest expense8389579739999339888908688748778959841,0721,1661,1991,3961,8071,8632,0262,276
Pre-tax income1,6632,0151,9451,8612,3941,8662,1522,4932,6885472,8992,0441,9042,2342,6002,3102,2662,9353,8253,710
Income tax516642575643818604678903920-73.7970115-12.940.51165.455.0-39.0129337
Effective tax rate31.0%31.9%29.6%34.6%34.2%32.4%31.5%36.2%34.2%-13.5%33.5%5.6%-0.7%1.8%4.4%0.2%2.4%-1.3%3.4%9.1%
Net income1,0921,3831,3601,2141,9461,2591,4801,6342,0476111,9131,9241,9212,2002,4882,3072,2082,9673,5803,356
Net margin8.2%9.6%10.1%8.4%12.9%8.4%10.0%10.0%12.4%3.7%12.4%11.9%12.3%14.7%14.8%11.7%11.6%15.0%16.4%14.2%
Diluted EPS$2.72$3.42$2.96$2.53$4.02$2.60$3.04$3.34$4.17$1.24$3.88$3.90$3.88$4.42$4.96$4.49$4.24$5.58$6.66$6.12
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Revenue by product or service FY2016 to FY2025

FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025Share
of the parts, latest year
Vertically Integrated Utilities Revenues9,0129,0959,5579,2468,7539,85211,29311,30411,41412,55657.4%
Transmission and Distribution Utilities Revenues4,3284,3294,5524,3194,2394,4645,4905,6775,8806,09727.9%
Generation & Marketing2,8591,7711,8181,7221,6212,1082,4491,5431,9452,69712.3%
Other Revenues1812302692753063674084584825262.4%
Vertically Integrated Utilities RevenuesTransmission and Distribution Utilities RevenuesGeneration & MarketingOther Revenues
15.4FY201715.6FY201916.8FY202119.0FY202321.9FY2025

$ billion; hover a block for its figure and share

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Cash flow

FY2007FY2008FY2009FY2010FY2011FY2012FY2013 †FY2014 †FY2015FY2016 †FY2017 †FY2018 †FY2019FY2020FY2021 †FY2022 †FY2023 †FY2024 †FY2025TTM
Operating cash flow2,3942,5812,4752,6623,7883,8044,0964,6024,7494,5224,2705,2234,2703,8333,8405,2885,0126,8046,9447,580
Capital expenditure51216010415519.094.032.064.85.31080.00.09180.0n/an/a1553993,4534,190
Free cash flow1,8822,4212,3712,5073,7693,7104,0644,5384,7434,4144,2705,2233,3523,833n/an/a4,8576,4053,4913,390
Free cash flow margin14.1%16.8%17.6%17.4%24.9%24.8%27.4%27.7%28.8%26.9%27.7%32.3%21.5%25.7%n/an/a25.6%32.5%16.0%14.4%
Cash from investing-3,921-4,027-2,916-2,523-2,890-3,391-3,818-4,406-4,564-4,989-3,656-6,354-7,144-6,234-6,434-7,752-6,267-7,596-11,939-15,361
Cash from financing1,4041,679520-335-971-355-439-151-662504-6051,1622,8632,4072,6072,5691,0776595,0177,181
Depreciation and amortisation1,5131,4831,5971,641n/a1,5391,4551,5791,6771,690n/an/an/an/an/a3,0732,9283,1493,325n/a
Share-based compensationn/an/an/an/an/an/an/an/an/an/an/an/an/an/an/a63.350.952.953.0n/a
Dividends paid6366667588248989169549981,0591,1211,1921,2561,3501,425-1,5201,6451,7521,8982,0082,068
Dividend per share$1.58$1.64$1.64$1.71$1.85$1.88$1.95$2.03$2.15$2.27$2.39$2.53$2.71$2.84$3.00$3.17$3.37$3.57$3.74n/a
Diluted shares, weighted400m404m459m480m482m485m487m489m491m492m493m494m495m497m502m513m520m531m537m550m
Shares outstanding at period endn/an/an/an/an/an/an/an/an/an/an/an/an/an/an/an/an/an/an/a545m
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet

FY2007FY2008FY2009FY2010FY2011FY2012FY2013 †FY2014 †FY2015FY2016 †FY2017 †FY2018 †FY2019FY2020FY2021 †FY2022 †FY2023 †FY2024 †FY2025TTM
Funded by
Shareholders' equity10,09710,69313,14013,62214,66415,23716,08516,82017,89217,39718,28719,02819,63220,55122,43323,89325,24726,94431,13832,775
Non-controlling interestn/a17.00.00.01.00.01.04.313.223.126.631.028122424722939.242.01,0801,268
Redeemable equityn/an/an/an/a60.0n/an/an/an/an/a0.069.465.70.0n/an/a42.537.8n/an/a
Short-term borrowingsn/a1,9761261,3461,6509817571,3468001,7131,639n/a2,8382,4792,614n/an/a2,5241,5081,875
Debtn/a15,98317,49816,81116,51617,75718,37718,51219,57320,25621,17325,25726,72631,07234,55840,91342,97342,64347,32252,541
Operating lease liabilitiesn/an/an/an/an/an/an/an/an/an/an/a0.0735638501552519504578584
Finance lease liabilitiesn/an/an/an/an/an/an/an/an/an/an/an/an/an/an/an/a140117112n/a
Other liabilitiesn/a16,48617,58418,67619,33220,39221,19422,95023,40624,07823,60424,41725,61525,79227,31627,88227,72330,26632,72236,652
Total liabilities and equityn/a45,15548,34850,45552,22354,36756,41459,63361,68363,46864,72968,80375,89280,75787,66993,46996,684103,078114,460125,695
Owned
Fixed assetsn/a32,98734,34435,67436,97138,76340,99743,63546,13345,63950,26255,09960,13863,90268,30473,339564715736n/a
Goodwilln/a76.076.076.076.091.091.091.352.552.552.552.552.552.552.552.552.553.053.053.0
Investmentsn/a327363416294324353386387139162159203201220188214215220252
Cash and equivalents178411490294221279118162176210215234247393403509330203197418
Receivablesn/a1,0661,0501,9231,8341,8711,8601,8351,6401,9171,8911,9261,7051,8431,9752,6682,4472,6322,8673,490
Other assetsn/a10,28812,02512,07212,82713,03912,99613,52313,29415,51012,14811,33213,54714,36716,71316,71393,07599,260110,387121,482
Total assetsn/a45,15548,34850,45552,22354,36756,41459,63361,68363,46864,72968,80375,89280,75787,66993,46996,684103,078114,460125,695
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compounded2.9%8.0%3.7%11.1%
Profit growth, compounded5.7%10.2%15.8%-8.4%
Return on equity, average9.7%10.4%10.4%11.5%
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Questions

What was American Electric Power's revenue in fiscal 2025?

American Electric Power (AEP) reported revenue of $21.9 billion for fiscal 2025, the year ended 31 December 2025, up 10.9% on the year before.

How much did American Electric Power earn in fiscal 2025?

Net income was $3.6 billion for fiscal 2025, and diluted earnings per share $6.66.

What is American Electric Power's P/E ratio?

At the close of 6 November 2026, American Electric Power traded at 20.7 times its earnings over the twelve months to 30 September 2026.

What is American Electric Power's market cap?

The market cap of American Electric Power was $68.9 billion at the close of 6 November 2026.

Does American Electric Power pay a dividend?

Yes. American Electric Power declared $3.80 a share in dividends over the four quarters to 30 September 2026.

Peers: Utilities

CompanyMarket capP/EROEOp. marginSales growth
TTM		Debt to equityDiv. yield
NextEra Energy Inc. NEE$182.3 billion15.6718.9%30.0%9.6%1.852.8%
Southern Co. SO$107.5 billion21.1311.1%24.7%7.9%1.653.2%
Constellation Energy Corp. CEG$88.7 billion24.3410.8%14.7%26.0%0.770.7%
American Electric Power Co. Inc. AEP$68.9 billion20.6710.2%23.4%11.1%1.603.0%
Dominion Energy, Inc. D$60.4 billion22.799.1%22.5%21.5%1.663.9%
Entergy Corp. ETR$52.8 billion25.4110.3%24.6%10.3%1.752.3%
Vistra Corp. VST$41.9 billion21.0440.5%18.5%3.8%3.570.7%
DTE Energy Co. DTE$28.2 billion20.5810.8%13.1%12.4%2.253.3%
Centerpoint Energy Inc. CNP$27.0 billion23.259.8%24.4%7.8%2.122.3%
PPL Corp. PPL$27.0 billion20.478.6%24.5%7.5%1.333.1%
Firstenergy Corp. FE$26.9 billion22.339.3%14.9%12.2%2.323.8%
Eversource Energy ES$26.3 billion18.438.7%21.5%4.6%1.764.5%
All 96 in Utilities
CompanyMarket capP/EROEOp. marginSales growth
TTM		Debt to equityDiv. yield
NextEra Energy Inc. NEE$182.3 billion15.6718.9%30.0%9.6%1.852.8%
Southern Co. SO$107.5 billion21.1311.1%24.7%7.9%1.653.2%
Duke Energy Corp. DUK$99.7 billion18.719.7%28.5%6.8%1.683.3%
Constellation Energy Corp. CEG$88.7 billion24.3410.8%14.7%26.0%0.770.7%
National Grid plc NGG *$86.4 billion19.038.2%30.7%-3.8%1.192.5%
Williams Companies, Inc. WMB$80.1 billion25.2319.9%37.5%8.8%2.023.2%
Enterprise Products Partners L.P. EPD$79.8 billion12.26n/a12.7%21.5%n/an/a
American Electric Power Co. Inc. AEP$68.9 billion20.6710.2%23.4%11.1%1.603.0%
Kinder Morgan, Inc. KMI$66.7 billion18.4911.4%29.0%11.7%1.053.9%
TC Energy Corporation TRP *$64.5 billion26.4412.9%52.7%10.7%2.203.9%
Dominion Energy, Inc. D$60.4 billion22.799.1%22.5%21.5%1.663.9%
Cheniere Energy, Inc. LNG$56.8 billion19.4046.3%28.1%22.5%3.680.8%
Targa Resources Corp. TRGP$56.7 billion23.4164.1%22.5%4.7%5.201.7%
ONEOK Inc. OKE$53.7 billion13.2317.4%14.2%36.8%1.225.0%
Entergy Corp. ETR$52.8 billion25.4110.3%24.6%10.3%1.752.3%
Sempra SRE$51.1 billion16.759.2%n/a-0.9%1.123.3%
Xcel Energy Inc. XEL$50.6 billion18.5710.5%21.7%4.5%1.592.9%
Exelon Corp. EXC$47.2 billion17.708.8%19.8%6.7%1.773.6%
Consolidated Edison Inc. ED$44.0 billion18.988.7%18.7%9.0%1.05n/a
Vistra Corp. VST$41.9 billion21.0440.5%18.5%3.8%3.570.7%
WEC Energy Group, Inc. WEC$38.1 billion21.0412.1%23.5%8.1%1.523.2%
Public Service Enterprise Group Inc. PEG$36.2 billion20.5110.2%21.6%5.3%1.483.6%
Ameren Corp. AEE$31.2 billion19.6211.3%25.2%-0.3%1.552.6%
American Water Works Company, Inc. AWK$29.9 billion26.059.5%37.0%5.4%1.372.3%
Atmos Energy Corp. ATO$29.3 billion20.679.2%37.0%6.5%0.682.0%
Venture Global, Inc. VG$28.8 billion9.0838.9%37.6%100.7%4.880.3%
Pg&E Corp. PCG$28.6 billion9.618.6%20.2%4.1%1.88n/a
DTE Energy Co. DTE$28.2 billion20.5810.8%13.1%12.4%2.253.3%
Cheniere Energy Partners, L.P. CQP$27.8 billionn/an/a34.2%13.2%n/an/a
Centerpoint Energy Inc. CNP$27.0 billion23.259.8%24.4%7.8%2.122.3%
PPL Corp. PPL$27.0 billion20.478.6%24.5%7.5%1.333.1%
Firstenergy Corp. FE$26.9 billion22.339.3%14.9%12.2%2.323.8%
Eversource Energy ES$26.3 billion18.438.7%21.5%4.6%1.764.5%
Edison International EIX$22.8 billion6.3220.3%31.8%2.6%2.335.9%
CMS Energy Corp. CMS$21.7 billion24.719.0%13.8%8.2%2.063.3%
Nisource Inc. NI$21.2 billion22.649.8%27.4%10.0%1.912.7%
Evergy, Inc. EVRG$20.5 billion19.499.7%27.4%8.5%1.473.2%
Alliant Energy Corp. LNT$18.9 billion20.2512.0%22.6%5.4%1.612.9%
NRG Energy, Inc. NRG$18.6 billion22.9217.5%6.1%12.8%4.822.1%
Western Midstream Partners, LP WES$16.5 billion12.91n/a38.5%22.3%n/an/a
Talen Energy Corp. TLN$16.0 billionn/a-16.1%2.0%71.9%6.06n/a
Essential Utilities, Inc. WTRG$13.0 billion22.847.9%72.4%9.2%1.223.2%
Pinnacle West Capital Corp. PNW$12.6 billion19.598.8%20.7%7.5%1.533.5%
DT Midstream, Inc. DTM$11.6 billion24.759.8%49.4%13.4%0.683.0%
OGE Energy Corp. OGE$10.5 billion19.0310.6%25.8%2.4%1.123.4%
Antero Midstream Corp. AM$9.0 billion13.3730.5%81.3%7.3%1.424.7%
Entergy Arkansas, LLC EAI$8.7 billion4.1910.3%24.6%n/a1.7513.4%
Idacorp Inc. IDA$8.6 billion22.519.2%23.5%4.5%0.952.4%
UGI Corp. UGI$7.9 billion12.3912.9%16.2%-0.5%1.354.0%
Kinetik Holdings Inc. KNTK$7.9 billion16.31n/a12.2%15.8%n/a6.6%
Clearway Energy, Inc. CWEN$7.0 billion44.271.7%13.4%9.9%1.665.4%
National Fuel Gas Co. NFG$7.0 billion10.2117.2%40.3%15.1%0.912.9%
Southwest Gas Holdings, Inc. SWX$6.6 billionn/an/an/an/a0.862.8%
Black Hills Corp. BKH$6.5 billion20.418.0%24.3%2.8%1.133.3%
Txnm Energy Inc. TXNM$6.4 billion28.076.3%24.4%10.0%1.652.9%
Ormat Technologies, Inc. ORA$5.7 billion42.745.1%16.7%28.6%0.600.5%
New Jersey Resources Corp. NJR$5.5 billion15.0113.9%24.8%6.4%1.403.5%
Portland General Electric Co. POR$5.5 billion19.736.3%14.4%1.2%1.164.6%
Spire Inc. SR$5.2 billion9.9015.3%19.7%4.1%2.033.7%
NorthWestern Energy Group, Inc. NWE$5.1 billion31.225.7%18.1%10.1%1.273.2%
One Gas, Inc. OGS$5.1 billion17.258.3%21.1%-1.9%1.003.3%
Archrock, Inc. AROC$4.8 billion14.2021.4%n/a3.7%1.473.2%
Kodiak Gas Services, Inc. KGS$4.2 billion49.563.7%27.4%8.2%1.264.6%
MDU Resources Group Inc. MDU$4.0 billion20.026.5%17.1%-0.7%0.873.0%
American States Water Co. AWR$3.6 billion24.6512.6%32.2%11.1%0.792.3%
Chesapeake Utilities Corp. CPK$3.4 billion22.129.0%27.2%13.9%1.042.0%
Avista Corp. AVA$3.4 billion13.498.7%18.9%-1.4%1.194.9%
Otter Tail Corp. OTTR$3.3 billion18.719.2%15.2%0.0%0.652.9%
California Water Service Group CWT$3.2 billion22.797.2%19.4%4.8%0.862.6%
H2O America HTO$3.0 billion24.704.8%20.7%4.2%0.952.8%
MGE Energy Inc. MGEE$3.0 billion18.5510.9%22.5%8.0%0.632.3%
Fervo Energy Co. FRVO$2.7 billionn/an/an/an/a0.08n/a
Northwest Natural Holding Co. NWN$2.2 billion17.138.3%22.9%3.2%1.843.8%
Centuri Holdings, Inc. CTRI$2.1 billion36.326.0%3.1%31.5%0.90n/a
NGL Energy Partners LP NGL$1.9 billionn/an/a1.9%18.0%n/an/a
NextDecade Corp. NEXT$1.6 billionn/a-83.8%n/an/a107.19n/a
Hawaiian Electric Industries Inc. HE$1.5 billion6.3912.8%10.5%13.6%1.28n/a
New Fortress Energy Inc. NFE$1.3 billionn/an/a-84.3%-36.9%n/an/a
Excelerate Energy, Inc. EE$1.2 billion25.252.1%23.8%16.2%0.460.9%
Middlesex Water Co. MSEX$1.1 billion21.639.5%30.5%8.9%0.802.4%
Unitil Corp. UTL$1.0 billion18.318.6%18.6%21.1%1.543.3%
Xplr Infrastructure, LP XIFR$689 million4.601.4%6.4%-1.1%0.57n/a
York Water Co. YORW$530 million19.678.5%37.9%13.7%0.652.8%
Hallador Energy Co. HNRG$476 million505.00-0.5%3.7%6.5%0.23n/a
Genie Energy Ltd. GNE$462 million16.1810.9%5.2%1.7%0.031.7%
Consolidated Water Co. Ltd. CWCO$436 million27.527.2%12.3%-1.2%0.002.1%
Clean Energy Fuels Corp. CLNE$421 millionn/a-13.6%-4.0%6.3%0.39n/a
Montauk Renewables, Inc. MNTK$388 million54.203.0%0.6%4.3%0.57n/a
Artesian Resources Corp. ARTNA$354 million15.049.2%25.0%5.9%0.723.7%
Cadiz Inc. CDZI$300 millionn/a-789.7%-236.1%-21.3%18.65n/a
Summit Midstream Corp. SMC$288 millionn/a-0.6%14.6%20.9%2.07n/a
Pure Cycle Corp. PCYO$262 million17.859.7%37.7%22.9%0.09n/a
RGC Resources Inc. RGCO$241 million17.2911.4%17.3%13.8%1.213.7%
Global Water Resources, Inc. GWRS$219 million81.112.6%12.6%9.8%1.414.1%
Stabilis Solutions, Inc. SLNG$67 millionn/a-15.0%-19.4%-30.3%0.14n/a
Ocean Power Technologies, Inc. OPTT$4 millionn/an/a-1,088.8%-25.8%1.17n/a
29 companies share its SEC industry code (Electric Services); the rest are the names nearest in size in its wider industry, Utilities, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

The public record on AEP

Dividends$3.80 a share over the four quarters to 30 September 2026, a 3.00% yield
Filings24 in twelve months: 14 current reports (8-K), about 4 results of operations; 4 officer or director change; 4 other events; 1 material agreement; 1 shareholder vote
Planned insider sales6 Form 144 notices in twelve months, $2.3 million; latest 6 November 2026
Options tapeput/call 0.66 by open interest at the 6 November 2026 close; the straddle prices a 4.0% move to 20 November 2026
13F holders1,994 funds reported a position for the quarter to 30 June 2026; largest BlackRock, Inc.
Insider trading5 sales and 0 purchases on Form 4 in twelve months
Congress2 House trades disclosed in six months
Short interest27.1 million shares short, 7.94 days to cover at 15 October 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Filings

FilingPeriodFiledWhere
10-Q30 September 202628 October 2026EDGAR
10-Q30 June 202630 July 2026EDGAR
10-Q31 March 20265 May 2026EDGAR
10-K31 December 202512 February 2026EDGAR
10-Q30 September 202529 October 2025EDGAR
10-Q30 June 202530 July 2025EDGAR
10-Q31 March 20256 May 2025EDGAR
10-K31 December 202413 February 2025EDGAR
10-Q30 September 20246 November 2024EDGAR
10-Q30 June 202430 July 2024EDGAR

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