American Electric Power Company
122.11+7.00 (+6.08%)
Oct 29, 4:00:02 PM EDT · NasdaqGS · AEP · USD
Key Stats
Market Cap
65.30BP/E (TTM)
17.88Basic EPS (TTM)
6.83Dividend Yield
0.03%Recent Filings
8-K
AEP issues $2B debentures
American Electric Power raised $2 billion through two series of junior subordinated debentures due 2056, with Series C at 5.800% fixed-to-fixed reset rate and Series D at 6.050%, via an underwriting agreement signed September 23, 2025. This bolsters the utility's long-term capital base amid rising infrastructure demands. No use of proceeds disclosed. Deal closes soon.
8-K
Record Q2 earnings boost guidance
American Electric Power reported record second-quarter 2025 operating earnings of $1.43 per share, up from $1.25 last year, fueled by regulatory wins and customer growth. The utility secured agreements for 24 gigawatts of new load by 2030, boosting peak demand to over 60 gigawatts. AEP guides to the upper half of its $5.75–$5.95 operating EPS range. Strong execution drives sustained growth.
10-Q
Q2 FY2025 results
American Electric Power Company, Inc. (AEP) reported strong Q2 2025 results, with earnings attributable to common shareholders surging to $1.2 billion, up from $340 million in Q2 2024. This remarkable growth was primarily driven by a $499 million favorable impact from the FERC's June 2025 orders on NOLCs in transmission formula rates, which reversed prior refund provisions and reduced Excess ADIT liabilities across subsidiaries. Excluding this one-time benefit, underlying operations showed solid momentum, with Vertically Integrated Utilities earnings rising 32% year-over-year to $433 million, fueled by higher base rates, rider revenues, and favorable weather-normalized demand in residential and commercial segments, despite a 18% drop in cooling degree days. Transmission and Distribution Utilities delivered $224 million in earnings, bolstered by continued infrastructure investments, while AEP Transmission Holdco's $578 million reflected the NOLC ruling's boost alongside organic growth from $16.5 billion in assets. Generation & Marketing contributed $62 million, aided by higher realized prices and MTM hedging gains. Cash from operations reached $2.7 billion YTD, supporting $4 billion in capex and the $2.8 billion Midwest Transmission noncontrolling interest deal, which strengthened the balance sheet with $5.6 billion in liquidity. EPS climbed to $2.29 from $0.64, with a forward P/E of 18x and 4.2% dividend yield underscoring robust fundamentals amid regulatory tailwinds.
8-K
AEP Board Chair transition
American Electric Power's Board saw a leadership shift on July 22, 2025, with Sara Martinez Tucker resigning as Chair effective July 31 for personal reasons, unrelated to any company disagreements. She transitions to independent Lead Director on August 1. William J. Fehrman, the CEO and President since joining the Board in 2024, steps in as new Chair the same day. This smooth handover maintains continuity at the top.
8-K
AEP's general counsel departs
American Electric Power announced on June 17, 2025, that David Feinberg will step down as executive vice president and general counsel effective July 13, 2025, transitioning to a senior advisor role to the CEO until his full departure on August 15, 2025. This leadership shift in legal affairs could prompt a search for a permanent successor. AEP's governance remains stable amid the change.
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