v3.26.3
CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
REVENUES        
TOTAL REVENUES $ 6,832 $ 6,011 $ 18,297 $ 16,561
EXPENSES        
Purchased Electricity, Fuel and Other Consumables Used for Electric Generation 2,087 1,981 5,808 5,375
Other Operation 1,028 798 2,592 2,088
Maintenance 447 405 1,302 1,114
Asset Impairments and Other Related Charges 0 0 31 0
Depreciation and Amortization 1,025 879 2,842 2,566
Taxes Other Than Income Taxes 433 426 1,303 1,213
TOTAL EXPENSES 5,020 4,489 13,878 12,356
OPERATING INCOME 1,812 1,522 4,419 4,205
Other Income (Expense):        
Other Income 6 12 26 35
Allowance for Equity Funds Used During Construction 81 59 226 173
Non-Service Cost Components of Net Periodic Benefit Cost 25 34 82 104
Interest Expense (606) (509) (1,743) (1,493)
INCOME BEFORE INCOME TAX EXPENSE (BENEFIT) 1,318 1,118 3,010 3,024
Income Tax Expense 125 139 221 13
Equity Earnings of Unconsolidated Subsidiaries 25 21 79 80
NET INCOME 1,218 1,000 2,868 3,091
Net Income Attributable to Noncontrolling Interests 31 28 94 93
EARNINGS (LOSS) ATTRIBUTABLE TO AEP COMMON SHAREHOLDERS, Basic 1,187 972 2,774 2,998
EARNINGS (LOSS) ATTRIBUTABLE TO AEP COMMON SHAREHOLDERS, Diluted $ 1,187 $ 972 $ 2,774 $ 2,998
WEIGHTED AVERAGE NUMBER OF BASIC AEP COMMON SHARES OUTSTANDING (in shares) 544,431,979 534,867,357 543,566,814 534,186,206
TOTAL BASIC EARNINGS PER SHARE ATTRIBUTABLE TO AEP COMMON SHAREHOLDERS (in dollars per share) $ 2.18 $ 1.82 $ 5.10 $ 5.61
WEIGHTED AVERAGE NUMBER OF DILUTED AEP COMMON SHARES OUTSTANDING (in shares) 550,103,235 537,988,799 549,270,434 536,364,715
TOTAL DILUTED EARNINGS PER SHARE ATTRIBUTABLE TO AEP COMMON SHAREHOLDERS (in dollars per share) $ 2.16 $ 1.81 $ 5.05 $ 5.59
Vertically Integrated Utilities        
REVENUES        
TOTAL REVENUES $ 3,923 $ 3,511 $ 10,338 $ 9,531
Transmission and Distribution Utilities        
REVENUES        
TOTAL REVENUES 1,853 1,680 5,015 4,638
Generation & Marketing Revenues        
REVENUES        
TOTAL REVENUES 922 694 2,546 1,976
Other Revenues        
REVENUES        
TOTAL REVENUES $ 134 $ 126 $ 398 $ 416