What is American Electric Power's state transcos — D&A?

American Electric Power (AEP) reported state transcos — D&A of $128M in Q1 2026.

What does state transcos — D&A mean?

This represents the non-cash expense allocated to the State Transcos segment to account for the gradual wear and tear of long-lived transmission assets. It reflects the systematic allocation of the cost of tangible and intangible assets over their estimated useful lives. This metric is critical for understanding the capital intensity and asset replacement cycle of the transmission business.

American Electric Power (AEP) State Transcos — D&A

Screener

Other segment segments

VIU

$559M+8.5%

T&D

$217M+6.9%

G&M

$5M+25.0%

Similar metrics at other companies

AWK

AWKRegulated Businesses — D&A

$234M+9.9%

SREReportable Segment — D&A

$331M+2.5%

CMS

CMSGas Utility — Utilities Operating Expense Depreciation And Amortization

$167M+8.4%

CMS

CMSElectric Utility — Utilities Operating Expense Depreciation And Amortization

$233M+5.4%

XELRegulated Electric Segment — Utilities Operating Expense, Depreciation and Amortization

$653M+4.5%

XELRegulated Natural Gas Segment — Utilities Operating Expense, Depreciation and Amortization

$110M+11.1%

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$713.0M—

EPS (diluted)$1.60+6.7%

Balance sheet

See full

Cash & equivalents$339.0M+16.1%

Total debt$49.7B—

Total equity$31.8B+16.2%

Total assets$117.78B—

Cash flow

See full

Operating cash flow$1.5B+4.8%

CapEx$965.0M—

Free cash flow$554.0M-61.8%

Valuation

See full

Market cap$68.45B+14.3%

Enterprise value$117.84B—

P/E20.3×+1.3×

Profitability

See full

Operating margin19.2%-1.0pp

Net margin13.1%-1.5pp

FCF margin19.4%—

Returns & leverage

See full

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:UtilitiesOperatingExpenseDepreciationAndAmortization.

The source filing: American Electric Power’s 10-Q, filed May 5, 2026.

Filed: May 5, 2026, 10:23 AM EDT
Fiscal quarter: Q1 FY2026
Calendar quarter: Q1 2026
Accession: 0000004904-26-000034

Line item	State Transcos	AEPTCo Parent	Reconciling Adjustments	AEPTCo Consolidated
Sales to AEP Affiliates	468	—	—	468
Total Revenues	578	—	—	578
Other Operation and Maintenance	51	—	—	51
Depreciation and Amortization	128	—	—	128
Taxes Other Than Income Taxes	88	—	—	88
Interest Income	1	73	(72)	2
Allowance for Equity Funds Used During Construction	22	—	—	22
Interest Expense	65	72	(72)	65

Cover / Front Matter

FAQ

What is American Electric Power's state transcos — D&A?: American Electric Power (AEP) reported state transcos — D&A of $128M in Q1 2026.
What does state transcos — D&A mean?: This represents the non-cash expense allocated to the State Transcos segment to account for the gradual wear and tear of long-lived transmission assets. It reflects the systematic allocation of the cost of tangible and intangible assets over their estimated useful lives. This metric is critical for understanding the capital intensity and asset replacement cycle of the transmission business.