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American Electric Power AEP Securitized Assets

Securitized Assets at other companies

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$883M-16.2%
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$27.6M-49.1%
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$2.11B+8.7%
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$380.6M+42.0%
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$24.5M+41.6%
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PG&EPCG
$230M+8.5%

Other financials

Income statement

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Revenue$6.0B+10.2%
Gross profit$3.9B+8.1%
Operating income$1.4B+5.9%
Net income$903.0M+12.6%
EPS (diluted)$1.60+6.7%

Balance sheet

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Cash & equivalents$339.0M+16.1%
Total debt$49.7B
Total equity$31.8B+16.2%
Total assets$117.78B

Cash flow

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Operating cash flow$1.5B+4.8%
CapEx$965.0M
Free cash flow$554.0M-61.8%

Valuation

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Market cap$74.54B+37.1%
Enterprise value$123.93B
P/E23.5×+1.5×
P/S3.3×-0.2×

Profitability

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Operating margin19.2%-1.0pp
Net margin13.1%-1.5pp
FCF margin19.4%

Returns & leverage

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Return on equity10.6%-0.6pp
Debt / equity1.6×
Current ratio0.5×

Where this comes from

Reported directly by American Electric Power in its filing.

Tagged under the XBRL concept us-gaap:SecuritizedRegulatoryTransitionAssetsNoncurrent.

The official record: American Electric Power’s 10-Q, filed May 5, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is American Electric Power's securitized assets?
American Electric Power (AEP) reported securitized assets of $912M in Q1 2026.
What is the long-term trend for American Electric Power's securitized assets?
Over 3 years (2020 to 2025), American Electric Power's securitized assets has grown at a 12.4% compound annual growth rate (CAGR), from $657M to $933M.
What does securitized assets mean?
These are assets created through regulatory mechanisms that allow utilities to recover specific costs, such as stranded costs or environmental compliance, through customer rates over time. These assets are often securitized, meaning the company has received upfront cash in exchange for the right to collect future ratepayer charges. They represent a unique form of regulatory recovery distinct from traditional rate base assets.