AMERICAN ELECTRIC POWER CO INC
Fiscal years labelled by the calendar year in which they end. Bars in $ billions; per-share figures as reported.
CAPITALIZATION 12/31/25
| ($ millions) | Amount | % |
|---|---|---|
| Total debt | 48,830 | 61.1 |
| Stockholders' equity | 31,138 | 38.9 |
| Total capitalization | 79,968 | 100.0 |
544,104,955 shares outstanding at 5 May 2026 (cover page of the 10-Q filed 5 May 2026).
LONG-TERM DEBT 12/31/25
| ($ millions) | Amount |
|---|---|
| Long-term debt, incl. current maturities | 47,322 |
| Long-term debt, noncurrent | 44,128 |
| Current maturities | 3,194 |
| Short-term borrowings / commercial paper | 1,508 |
CAPITAL STOCK 12/31/25
| Common shares authorized | 600,000,000 |
| Common shares issued | 542,048,288 |
| Treasury shares | 1,186,815 |
| Par or stated value per share ($) | 6.5 |
| Outstanding at 5/5/26 | 544,104,955 |
DIVIDENDS DECLARED/PAID
| Fiscal year | Per share $ | Payout % |
|---|---|---|
| 2025 | 3.74 | 56.2 |
| 2024 | 3.57 | 64.0 |
| 2023 | 3.37 | 79.5 |
| 2022 | 3.17 | 70.6 |
| 2021 | 3.00 | 60.5 |
HISTORY AND BUSINESS
HISTORY: Incorporated in New York. Formerly known as AMERICAN ELECTRIC POWER COMPANY INC (to 10 January 2002).
BUSINESS: Classified by the SEC under Standard Industrial Classification 4911, Electric Services. Large accelerated filer. Principal executive office: 1 Riverside Plaza, Columbus, OH 43215. Fiscal year ends December 31. For a description of the business, see Item 1 of the latest 10-K.
CONSOLIDATED INCOME ACCOUNT, YEARS ENDED
| ($ millions) | 12/31/25 | 12/31/24 | 12/31/23 |
|---|---|---|---|
| Operating revenues | 21,702 | 19,970 | 19,456 |
| Operation and maintenance | 4,449 | 4,452 | 4,087 |
| Depreciation and amortization | 3,325 | 3,149 | 2,927 |
| Taxes other than income taxes | – | – | 1,492 |
| Total operating expenses | 16,557 | 15,417 | 15,426 |
| Operating income | 5,319 | 4,304 | 3,556 |
| Interest charges | 2,026 | 1,863 | 1,807 |
| Income before income taxes | 3,825 | 2,937 | 2,268 |
| Income taxes | 129 | (39) | 55 |
| Net income | 3,696 | 2,976 | 2,213 |
| Earned per share, diluted ($) | 6.66 | 5.58 | 4.24 |
| Dividends per share ($) | 3.74 | 3.57 | 3.37 |
CONSOLIDATED BALANCE SHEET
| ($ millions) | 12/31/25 | 12/31/24 |
|---|---|---|
| Utility plant, net | 91,638 | 81,701 |
| Cash and equivalents | 197 | 203 |
| Total current assets | 6,052 | 5,789 |
| Regulatory assets | 4,804 | 5,129 |
| Total assets | 114,460 | 103,078 |
| Total current liabilities | 13,314 | 13,009 |
| Long-term debt | 44,128 | 39,308 |
| Regulatory liabilities | 8,362 | 8,344 |
| Common stockholders' equity | 31,138 | 26,944 |
| Total capitalization and liabilities | 114,460 | 103,078 |
TEN-YEAR STATISTICS: FISCAL YEARS ($ millions except per share)
| Fiscal year ended | Revenues | Oper. income | Net income | Net margin % | EPS diluted $ | Div. per share $ | Oper. cash flow | Capital expend. | Free cash flow | Total assets | Total liabilities | Total debt | Stockholders' equity | ROE % | Debt / equity |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 12/31/25 | 21,876 | 5,319 | 3,580 | 16.4 | 6.66 | 3.74 | 6,944 | 3,453 | 3,491 | 114,460 | 82,204 | 48,830 | 31,138 | 11.5 | 1.57 |
| 12/31/24 | 19,970 | 4,304 | 2,967 | 14.9 | 5.58 | 3.57 | 6,804 | 399 | 6,405 | 103,078 | 76,054 | 45,167 | 26,944 | 11.0 | 1.68 |
| 12/31/23 | 19,456 | 3,556 | 2,208 | 11.3 | 4.24 | 3.37 | 5,012 | 155 | 4,857 | 96,684 | 71,356 | 42,973 | 25,247 | 8.7 | 1.70 |
| 12/31/22 | 19,640 | 3,483 | 2,307 | 11.7 | 4.49 | 3.17 | 5,288 | – | – | 93,403 | 69,235 | 40,913 | 23,893 | 9.7 | 1.71 |
| 12/31/21 | 16,792 | 3,411 | 2,488 | 14.8 | 4.96 | 3.00 | 3,840 | – | – | 87,669 | 64,945 | 36,068 | 22,433 | 11.1 | 1.61 |
| 12/31/20 | 14,918 | 2,988 | 2,200 | 14.7 | 4.42 | 2.84 | 3,833 | 0 | 3,833 | 80,757 | 59,938 | 33,552 | 20,551 | 10.7 | 1.63 |
| 12/31/19 | 15,561 | 2,592 | 1,921 | 12.3 | 3.88 | 2.71 | 4,270 | 918 | 3,352 | 75,892 | 55,870 | 29,564 | 19,632 | 9.8 | 1.51 |
| 12/31/18 | 16,196 | 2,683 | 1,924 | 11.9 | 3.90 | 2.53 | 5,223 | 0 | 5,223 | 68,803 | 49,635 | 25,257 | 19,028 | 10.1 | 1.33 |
| 12/31/17 | 15,425 | 3,525 | 1,913 | 12.4 | 3.88 | 2.39 | 4,270 | 0 | 4,270 | 64,729 | 46,404 | 22,812 | 18,287 | 10.5 | 1.25 |
| 12/31/16 | 16,380 | 1,164 | 611 | 3.7 | 1.24 | 2.27 | 4,522 | 108 | 4,414 | 63,468 | 46,048 | 21,969 | 17,397 | 3.5 | 1.26 |
Net margin = net income ÷ revenues; ROE = net income ÷ year-end stockholders’ equity; total debt = long-term debt including current maturities plus short-term borrowings/commercial paper, as tagged in XBRL; free cash flow = operating cash flow − purchases of property, plant and equipment; d = derived as total assets − total equity where the filing does not tag total liabilities; – = not reported in XBRL for that year.
REGISTRANT:
AMERICAN ELECTRIC POWER CO INC
CIK 4904 · EIN 13-4922640
PRINCIPAL OFFICE:
1 Riverside Plaza, Columbus, OH 43215
Tel.: 614-716-1000
INCORPORATED:
New York
INDUSTRY (SEC SIC CODE):
4911 · Electric Services
FILER STATUS:
Large accelerated filer
LATEST ANNUAL REPORT:
10-K for period ended 12/31/25, filed 12 February 2026
FORMER NAMES:
AMERICAN ELECTRIC POWER COMPANY INC
Sources: SEC XBRL company facts (all financial figures) · SEC submissions (registrant, address, SIC, filings) · annual reports: 10-K FY2025 (filed 2/12/26) · 10-K FY2024 (filed 2/13/25) · 10-K FY2023 (filed 2/26/24) · 10-K FY2022 (filed 2/23/23) · 10-K FY2021 (filed 2/24/22) · 10-K FY2020 (filed 2/25/21) · 10-K FY2019 (filed 2/20/20) · 10-K FY2018 (filed 2/21/19). Values are the latest figures filed for each fiscal year (restated where a later 10-K restated them). Ratios and free cash flow are Pathos calculations from those figures. Retrieved 31 October 2026.
Data from SEC filings. © 2026 Pathos Investments · pathosinvestments.com · For educational purposes only. Not investment advice.