American Electric Power Company (AEP) AEP Q2 Financial Results Summary

# American Electric Power (AEP) Q2 2025 Financial Results Summary

**Release Date**: July 30, 2025

American Electric Power (Nasdaq: AEP) reported robust second-quarter 2025 financial results, demonstrating significant year-over-year growth across key financial metrics. Below is a summary of the results:

– **GAAP Earnings**:
– Q2 2025: **$1,226 million** ($2.29 per share)
– Q2 2024: **$340 million** ($0.64 per share)
– Percentage Growth: **+261.8%** in earnings and **+257.8%** in EPS

– **Operating Earnings** (Non-GAAP):
– Q2 2025: **$766 million** ($1.43 per share)
– Q2 2024: **$662 million** ($1.25 per share)
– Percentage Growth: **+15.7%** in operating earnings and **+14.4%** in operating EPS

– **Revenue**:
– Q2 2025: **$5,086.9 million**
– Q2 2024: **$4,579.2 million**
– Percentage Growth: **+11.1%**

– **Year-to-Date (YTD) Performance**:
– **GAAP Earnings**:
– 2025: **$2,026.0 million** ($3.80 per share)
– 2024: **$1,343.4 million** ($2.55 per share)
– Percentage Growth: **+50.7%** in earnings and **+49.0%** in EPS

– **Operating Earnings**:
– 2025: **$1,589.0 million** ($2.98 per share)
– 2024: **$1,332.4 million** ($2.52 per share)
– Percentage Growth: **+19.2%** in operating earnings and **+18.3%** in operating EPS

– **Dividend Declaration**: AEP did not announce a quarterly dividend for this period.

– **Capacity Expansion**:
– Customer agreements increased to add **24 gigawatts** of incremental load by **2030**, up from **21 gigawatts** previously.
– The company aims to build a new five-year capital plan estimated at **$70 billion**, supporting long-term growth.

– **Key Segments Performance (Q2 2025 vs. Q2 2024)**:
– **Vertically Integrated Utilities**:
– GAAP Earnings: **$432.7 million** (up **558.4%** from **$65.7 million**)
– Operating Earnings: **$296.7 million** (up **21.2%** from **$244.8 million**)

– **Transmission & Distribution Utilities**:
– GAAP Earnings: **$223.9 million** (up **52.6%** from **$146.8 million**)
– Operating Earnings: **$224.1 million** (up **4.1%** from **$215.3 million**)

– **AEP Transmission Holdco**:
– GAAP Earnings: **$578.4 million** (up **187.6%** from **$200.7 million**)
– Operating Earnings: **$224.5 million** (up **7.5%** from **$208.9 million**)

– **Generation & Marketing**:
– GAAP Earnings: **$62.1 million** (up from a loss of **$4.8 million**)
– Operating Earnings: **$91.7 million** (up **50.5%** from **$61.0 million**)

– **Load and Demand Data**:
– **Retail Electric Sales (in millions of kWh)**:
– Total retail for Vertically Integrated Utilities decreased by **1.1%**, with Residential down **4.5%**, Commercial up **3.5%**, and Industrial down **1.8%**.
– Total retail for Transmission & Distribution Utilities increased by **7.7%**, with Residential down **4.5%**, Commercial up **19.9%**, and Industrial up **3.3%**.

– **Strategic Growth Initiatives**:
– AEP secured legislative support and regulatory approvals in Oklahoma, Ohio, and Texas to improve service and investment opportunities.
– The focus remains on a customer-centric approach to enhance reliability and affordability in energy provision.

– **Guidance Update**: AEP reaffirmed its operating earnings guidance range for 2025 of **$5.75 to $5.95 per share**, indicating confidence in achieving targets for financial performance.

In summary, AEP’s Q2 results underscore its commitment to sustainable growth and customer service while positioning to meet future energy demands and community needs through significant capital investments and strategic initiatives.