AEPAmerican Electric Power
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
The biggest changes in the 10-K filed 2026-02-12, this fiscal year against the last, and the sentences in the MD&A (Item 7) where management explains them, quoted word for word. Tickdelta picks sentences that name the line, a direction and a cause. It does not write explanations of its own.
Operating margin
21.6% → 24.5% (+3.0 pts) Big change FY to 2025-12-31 vs 2024-12-31“An increase in operating expenses recorded in 2025 due to an impairment of in-process internal use software development costs.”
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Net income
+20.7% Big change FY to 2025-12-31 vs 2024-12-31“Other Income decreased $8 million primarily due to lower interest income as a result of lower advances to affiliates.”
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“Net Income Attributable to Noncontrolling Interests increased $109 million primarily due to the Midwest Transmission noncontrolling interest transaction that closed in June 2025.”
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Revenue
+8.7% FY to 2025-12-31 vs 2024-12-31“Retail Revenues increased $956 million primarily due to the following:”
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“A $133 million increase in weather-normalized revenues primarily in the residential and commercial classes, partially offset by a decrease in the industrial class.”
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Cash from operations
+2.1% FY to 2025-12-31 vs 2024-12-31“Net Cash Flows from Operating Activities increased by $140 million primarily due to the following:”
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Changes are computed from the XBRL figures in the same 10-K. Hover a number to see the line item. Open the 10-K ↗
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.