Income StatementBalance SheetCash FlowSegments
American Electric Power logo

American Electric Power Business Segments

Business, geographic, and product segment breakdowns

American Electric Power generates $22.4B in annual revenue across 3 key segments: AEPTHCo ($1.6B), G&M ($2.5B), and T&D ($5.2B). The company-wide operating margin is 22.05%. Based on the Q1 2026 filing.

AEPTHCo (TTM)$1.6BG&M (TTM)$2.5BT&D (TTM)$5.2B
Latest FilingQ1 2026
Report Date2026-05-05
Market Cap$71.6B
P/E Ratio22.52
ROE11.13%

Products & Services

Total Other Revenues

SegmentQ3 '22Q4 '22Q3 '23Q1 '25Q4 '25Q1 '26
Other Revenues———-$172.0M—$102.0M
Alternative Revenue Programs———-$15.0M—-$11.0M

Revenue

SegmentQ3 '22Q4 '22Q3 '23Q1 '25Q4 '25Q1 '26
Commercial Revenues———$1.0B—$1.2B

Total Gain (Loss) on Risk Management Contracts

SegmentQ3 '22Q4 '22Q3 '23Q1 '25Q4 '25Q1 '26
Generation & Marketing———-$143.0M—$99.0M
Electric Generation, Transmission and Distribution———-$33.0M—-$31.0M
Vertically Integrated Utilities———-$33.0M—-$30.0M

Total Revenues

SegmentQ3 '22Q4 '22Q3 '23Q1 '25Q4 '25Q1 '26
Vertically Integrated Utilities———$3.1B—$3.4B
Electric Transmission and Distribution———$1.5B—$1.6B
Electric Generation, Transmission and Distribution———$1.1B—$1.1B
Electricity, Transmission and Distribution———$990.0M—$1.1B
Generation & Marketing———$730.0M—$931.0M
Sales to AEP Affiliates———$430.0M—$470.0M
Other Revenues———$132.0M—$158.0M
Transmission Revenues———$106.0M—$110.0M
(Provision For) Reversal Of Refund———-$58.0M—-$48.0M

Total Revenues from Contracts with Customers

SegmentQ3 '22Q4 '22Q3 '23Q1 '25Q4 '25Q1 '26
Residential Revenues———$2.1B—$2.1B
Industrial Revenues———$741.0M—$777.0M
Retail, Trading and Marketing Revenues———$822.0M—$749.0M
Transmission Revenues———$506.0M—$564.0M
Generation Revenues———$356.0M—$414.0M
Other Retail Revenues———$69.0M—$74.0M

Business Segments

Asset Impairments and Other Related Charges

SegmentQ3 '22Q4 '22Q3 '23Q1 '25Q4 '25Q1 '26
VIU—————$31.0M
G&M—————$0.0
T&D—————$0.0

Depreciation and Amortization

SegmentQ3 '22Q4 '22Q3 '23Q1 '25Q4 '25Q1 '26
VIU———$515.0M—$559.0M
T&D———$203.0M—$217.0M
G&M———$4.0M—$5.0M

Equity Earnings (Loss) of Unconsolidated Subsidiaries

SegmentQ3 '22Q4 '22Q3 '23Q1 '25Q4 '25Q1 '26
G&M———$0.0—$0.0
T&D———$1.0M—$0.0

Equity Method Investment

SegmentQ3 '22Q4 '22Q3 '23Q1 '25Q4 '25Q1 '26
T&D————$4.0M$4.0M
G&M————$0.0$0.0

Gross Property Additions

SegmentQ3 '22Q4 '22Q3 '23Q1 '25Q4 '25Q1 '26
VIU———$921.0M—$2.1B
T&D———$704.0M—$1.1B
State Transcos———$422.0M—$403.0M
G&M———$4.0M—$5.0M

Income Tax Expense (Benefit)

SegmentQ3 '22Q4 '22Q3 '23Q1 '25Q4 '25Q1 '26
VIU———$45.0M—-$48.0M
T&D———$34.0M—$40.0M
G&M———$36.0M—$22.0M

Interest Expense

SegmentQ3 '22Q4 '22Q3 '23Q1 '25Q4 '25Q1 '26
VIU———$200.0M—$245.0M
T&D———$112.0M—$105.0M
State Transcos———$84.0M—$65.0M
G&M———$2.0M—$1.0M

Revenue

SegmentQ3 '22Q4 '22Q3 '23Q1 '25Q4 '25Q1 '26
T&D$1.5B—$1.5B$1.5B—$1.6B
G&M$735.4M—$566.7M$890.0M—$952.0M
AEPTHCo$430.9M—$476.7M$542.0M—$598.0M

Allowance for Equity Funds Used During Construction

SegmentQ3 '22Q4 '22Q3 '23Q1 '25Q4 '25Q1 '26
T&D———$19.0M—$25.0M
VIU———$16.0M—$23.0M
G&M———$0.0—$0.0

Earnings Attributable to AEP Common Shareholders, Basic

SegmentQ3 '22Q4 '22Q3 '23Q1 '25Q4 '25Q1 '26
VIU———$324.0M—$462.0M
T&D———$165.0M—$237.0M
G&M———$102.0M—$75.0M

Earnings Attributable to AEP Common Shareholders, Diluted

SegmentQ3 '22Q4 '22Q3 '23Q1 '25Q4 '25Q1 '26
VIU———$324.0M—$462.0M
T&D———$165.0M—$237.0M
G&M———$102.0M—$75.0M

Other Operation and Maintenance

SegmentQ3 '22Q4 '22Q3 '23Q1 '25Q4 '25Q1 '26
VIU———$884.0M—$1.0B
T&D———$577.0M—$580.0M
G&M———$30.0M—$9.0M

Other Segment Items

SegmentQ3 '22Q4 '22Q3 '23Q1 '25Q4 '25Q1 '26
VIU———-$23.0M—-$22.0M
T&D———-$12.0M—-$16.0M
G&M———-$11.0M—-$15.0M

Purchased Electricity, Fuel and Other Consumables Used for Electric Generation

SegmentQ3 '22Q4 '22Q3 '23Q1 '25Q4 '25Q1 '26
VIU———$1.1B—$1.1B
G&M———$583.0M—$854.0M
T&D———$263.0M—$271.0M

Taxes Other Than Income Taxes

SegmentQ3 '22Q4 '22Q3 '23Q1 '25Q4 '25Q1 '26
T&D———$205.0M—$200.0M
VIU———$134.0M—$144.0M
G&M———$1.0M—$1.0M

Total Assets

SegmentQ3 '22Q4 '22Q3 '23Q1 '25Q4 '25Q1 '26
VIU————$61.8B$63.8B
T&D$22.1B$22.9B$24.3B—$29.3B$30.3B
G&M$5.4B$4.5B$2.5B—$2.0B$2.6B

Interest Income

SegmentQ3 '22Q4 '22Q3 '23Q1 '25Q4 '25Q1 '26
State Transcos———$0.0—$1.0M

Equity Earnings of Unconsolidated Subsidiaries

SegmentQ3 '22Q4 '22Q3 '23Q1 '25Q4 '25Q1 '26
VIU———$0.0—$0.0

Equity Method Investments

SegmentQ3 '22Q4 '22Q3 '23Q1 '25Q4 '25Q1 '26
VIU————$9.0M$9.0M

Total Revenues

SegmentQ3 '22Q4 '22Q3 '23Q1 '25Q4 '25Q1 '26
VIU———$3.2B—$3.4B