v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
REVENUES        
TOTAL REVENUES $ 5,445 $ 5,087 $ 11,465 $ 10,550
EXPENSES        
Purchased Electricity, Fuel and Other Consumables Used for Electric Generation 1,603 1,541 3,721 3,394
Other Operation 814 538 1,564 1,290
Maintenance 444 390 855 709
Asset Impairments and Other Related Charges 0 0 31 0
Depreciation and Amortization 910 854 1,817 1,687
Taxes Other Than Income Taxes 427 365 870 787
TOTAL EXPENSES 4,198 3,688 8,858 7,867
OPERATING INCOME 1,247 1,399 2,607 2,683
Other Income (Expense):        
Other Income 14 15 20 23
Allowance for Equity Funds Used During Construction 75 57 145 114
Non-Service Cost Components of Net Periodic Benefit Cost 19 35 57 70
Interest Expense (585) (489) (1,137) (984)
INCOME (LOSS) BEFORE INCOME TAX EXPENSE (BENEFIT) 770 1,017 1,692 1,906
Income Tax Expense (Benefit) 52 (251) 96 (126)
Equity Earnings of Unconsolidated Subsidiaries 29 21 54 59
NET INCOME 747 1,289 1,650 2,091
Net Income Attributable to Noncontrolling Interests 34 63 63 65
EARNINGS (LOSS) ATTRIBUTABLE TO AEP COMMON SHAREHOLDERS, Basic 713 1,226 1,587 2,026
EARNINGS (LOSS) ATTRIBUTABLE TO AEP COMMON SHAREHOLDERS, Diluted $ 713 $ 1,226 $ 1,587 $ 2,026
WEIGHTED AVERAGE NUMBER OF BASIC AEP COMMON SHARES OUTSTANDING (in shares) 544,163,341 534,283,554 543,127,062 533,839,985
TOTAL BASIC EARNINGS PER SHARE ATTRIBUTABLE TO AEP COMMON SHAREHOLDERS (in dollars per share) $ 1.31 $ 2.29 $ 2.92 $ 3.80
WEIGHTED AVERAGE NUMBER OF DILUTED AEP COMMON SHARES OUTSTANDING (in shares) 550,628,111 536,425,635 548,846,865 535,547,029
TOTAL DILUTED EARNINGS PER SHARE ATTRIBUTABLE TO AEP COMMON SHAREHOLDERS (in dollars per share) $ 1.30 $ 2.29 $ 2.89 $ 3.78
Vertically Integrated Utilities        
REVENUES        
TOTAL REVENUES $ 3,050 $ 2,934 $ 6,415 $ 6,020
Transmission and Distribution Utilities        
REVENUES        
TOTAL REVENUES 1,568 1,443 3,162 2,958
Generation & Marketing Revenues        
REVENUES        
TOTAL REVENUES 693 552 1,624 1,282
Other Revenues        
REVENUES        
TOTAL REVENUES $ 134 $ 158 $ 264 $ 290