AEPAmerican Electric Power

Utilities · Electric Utilities · Nasdaq

AEP was incorporated under the laws of the State of New York in 1906 and reorganized in 1925. 10-K, Item 1

Headquarters: Columbus, OH
CEO: William Fehrman
Next results: around Feb 11, 2027

RevenueFY2016–25 $21.9B+9.5% Highest in 10 years 10-K FY2025 · XBRL Net incomeFY2016–25 $3.6B+20.7% Highest in 10 years 10-K FY2025 · XBRL Free cash flowFY2016–25 $3.5B−45.5% FY2024: $6.4B 10-K FY2025 · XBRL Operating marginFY2016–25 24.3%+2.8 pts 7.1% in FY2016 10-K FY2025 · XBRL

What changed

10-K filed Feb 12, 2026 against Feb 13, 2025

Area	What changed	Source
Risk factors	21 new paragraphs, nothing like them in the previous 10-K	10-K Item 1A
Accounting checks	10 other checks clear	10-K · XBRL
Insiders	No open-market buys in the last 90 days	Form 4
Filings	2 in the last 30 days	EDGAR

Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.

What's new, in their words

10-K filed Feb 12, 2026

Paragraphs in Risk Factors that were not in the 10-K filed 2025-02-13. Quoted as filed.

The business and capital investment plans of AEP depend, in part, on the continued growth and viability of data centers and large load customers interconnecting with the AEP System. (Applies to all Registrants) AEP is experiencing current and projected load demands that exceed historical experience, creating a business need for new…
10-K, Item 1A

All 21 new paragraphs →

Accounting checks

latest 10-K

10 of 10 clear 0 worth a look. Checks, not verdicts.

✓
Receivables +8.9% vs revenue +10.9% (-2.0 pts)
✓
Cash from operations $6.9B vs net income $3.7B (FY ending 2025-12-31)
✓
Same auditor in both 10-Ks: PricewaterhouseCoopers LLP
✓
No statement of substantial doubt about going concern
✓
No 8-K item 4.02 in the last 2 years
✓
No NT 10-K or NT 10-Q in the last 2 years
✓
No longer listed: Incremental Asset Retirement Obligations arising from the Federal Environment Protection Agency’s (“Federal EPA”) Revised Coal Combustion Residuals (CCR) Rule. Same as last year: Accounting for the Effects of Cost-Based Regulation; Valuation of Level 3 Energy Contracts
✓
No sentence in the 10-K concludes that controls were not effective because of a material weakness
✓
No 8-K item 2.06 in the last 2 years
✓
No 8-K item 1.03 in the last 2 years

How each check works, with sources →

In the last 30 days

All filings →

Oct 28, 20268-K Quarterly results 8-K item 2.02
Oct 28, 202610-Q Quarterly report (10-Q) period ended Sep 30, 2026

Get an email when this changes: new risk paragraphs, accounting items, insider purchases, a new 10-K or 10-Q. RSS feed

Work on AEP in a spreadsheet: Excel workbook (a sheet per section, ten years by column, charts, links to the filings) · CSV. For a Google Sheet that stays up to date, paste =IMPORTDATA("https://tickdelta.com/company/AEP/export.csv") into a cell.