CSIMarket
 
American Electric Power Co Inc   (NASDAQ: AEP)
    Sector  Utilities    Industry Electric Utilities
   Industry Electric Utilities
   Sector  Utilities
 

American Electric Power Co Inc's Customers Performance

AEP



 
AEP's Source of Revenues American Electric Power Co Inc's Corporate Customers have recorded an increase in their cost of revenue by 12.36 % in the 1 quarter 2026 year on year, sequentially costs of revenue grew by 6.38 %. During the corresponding time, American Electric Power Co Inc recorded a revenue increase by 10.19 % year on year, sequentially revenue grew by 13.26 %. While revenue at the American Electric Power Co Inc 's corporate clients recorded rose by 9.67 % year on year, sequentially revenue grew by 9.53 %.

List of AEP Customers




American Electric Power Co Inc's Customers have recorded an increase in their cost of revenue by 12.36 % in the 1 quarter 2026 year on year, sequentially costs of revenue grew by 6.38 %, for the same period American Electric Power Co Inc recorded revenue increase by 10.19 % year on year, sequentially revenue grew by 13.26 %.

List of AEP Customers

American Electric Power Co Inc's Business Units
FERC 2021 PJM and SPP Transmission Formula Rate Challenge    0.81 % of total Revenue
Appalachian Power Company    19.39 % of total Revenue
Indiana Michigan Power Company    15.56 % of total Revenue
Nonrelated Party    100 % of total Revenue
Related Party    9.67 % of total Revenue
Corporate and Other    0.51 % of total Revenue
Corporate and Other Nonrelated Party    0.05 % of total Revenue
Corporate and Other Related Party    0.47 % of total Revenue
Reconciling Adjustments    -9.92 % of total Revenue
Reconciling Adjustments Related Party    -10.13 % of total Revenue
VIU    57.21 % of total Revenue
VIU Nonrelated Party    55.9 % of total Revenue
VIU Related Party    1.25 % of total Revenue
T D    26.73 % of total Revenue
T D Nonrelated Party    26.48 % of total Revenue
T D Related Party    0.25 % of total Revenue
AEPTHCo    9.93 % of total Revenue
AEPTHCo Nonrelated Party    2.11 % of total Revenue
AEPTHCo Related Party    7.82 % of total Revenue
G M    15.81 % of total Revenue
G M Nonrelated Party    15.47 % of total Revenue
G M Related Party    0.35 % of total Revenue
AEP TRANSMISSION COMPANY LLC    9.6 % of total Revenue
AEP TRANSMISSION COMPANY LLC Nonrelated Party    1.83 % of total Revenue
AEP TRANSMISSION COMPANY LLC Affiliated Entity    7.77 % of total Revenue
State Transcos AEP TRANSMISSION COMPANY LLC    9.6 % of total Revenue
State Transcos AEP TRANSMISSION COMPANY LLC Nonrelated Party    1.83 % of total Revenue
State Transcos AEP TRANSMISSION COMPANY LLC Affiliated Entity    7.77 % of total Revenue
OHIO POWER COMPANY    18.02 % of total Revenue
PUBLIC SERVICE COMPANY OF OKLAHOMA    7.29 % of total Revenue
SOUTHWESTERN ELECTRIC POWER COMPANY    9.49 % of total Revenue
Total Retail    69.04 % of total Revenue
Residential    34.83 % of total Revenue
Commercial    20.07 % of total Revenue
Industrial    12.91 % of total Revenue
Other Retail    1.23 % of total Revenue
Total Wholesale and Competitive Retail    26.69 % of total Revenue
Generation    6.88 % of total Revenue
Transmission    7.38 % of total Revenue
Retail Trading and Marketing    12.44 % of total Revenue
Other    1.69 % of total Revenue
Total Other    1.64 % of total Revenue
Alternative Revenue Programs    -0.05 % of total Revenue
AEP TEXAS INC    8.74 % of total Revenue
AEP TEXAS INC Total Retail    5.32 % of total Revenue
AEP TEXAS INC Residential    2.62 % of total Revenue
AEP TEXAS INC Commercial    1.89 % of total Revenue
AEP TEXAS INC Industrial    0.61 % of total Revenue
AEP TEXAS INC Other Retail    0.18 % of total Revenue
AEP TEXAS INC Total Wholesale and Competitive Retail    3.09 % of total Revenue
AEP TEXAS INC Transmission    3.09 % of total Revenue
AEP TEXAS INC Other    0.33 % of total Revenue
AEP TEXAS INC Total Other    -0.03 % of total Revenue
AEP TEXAS INC Alternative Revenue Programs    -0.03 % of total Revenue
AEP TRANSMISSION COMPANY LLC Total Wholesale and Competitive Retail    9.37 % of total Revenue
AEP TRANSMISSION COMPANY LLC Transmission    9.37 % of total Revenue
AEP TRANSMISSION COMPANY LLC Transmission Revenues Related Party    7.54 % of total Revenue
AEP TRANSMISSION COMPANY LLC Other    0.1 % of total Revenue
AEP TRANSMISSION COMPANY LLC Total Other    0.13 % of total Revenue
AEP TRANSMISSION COMPANY LLC Alternative Revenue Programs    0.13 % of total Revenue
APPALACHIAN POWER COMPANY Total Retail    16.51 % of total Revenue
APPALACHIAN POWER COMPANY Residential    9.78 % of total Revenue
APPALACHIAN POWER COMPANY Commercial    3.21 % of total Revenue
APPALACHIAN POWER COMPANY Industrial    3.09 % of total Revenue
APPALACHIAN POWER COMPANY Other Retail    0.43 % of total Revenue
APPALACHIAN POWER COMPANY Total Wholesale and Competitive Retail    2.57 % of total Revenue
APPALACHIAN POWER COMPANY Generation    1.56 % of total Revenue
APPALACHIAN POWER COMPANY Generation Revenues Related Party    0.91 % of total Revenue
APPALACHIAN POWER COMPANY Transmission    1.01 % of total Revenue
APPALACHIAN POWER COMPANY Transmission Revenues Related Party    0.55 % of total Revenue
APPALACHIAN POWER COMPANY Other    0.28 % of total Revenue
APPALACHIAN POWER COMPANY Total Other    0.02 % of total Revenue
APPALACHIAN POWER COMPANY Alternative Revenue Programs    0.02 % of total Revenue
INDIANA MICHIGAN POWER COMPANY Total Retail    10.65 % of total Revenue
INDIANA MICHIGAN POWER COMPANY Residential    4.04 % of total Revenue
INDIANA MICHIGAN POWER COMPANY Commercial    4.17 % of total Revenue
INDIANA MICHIGAN POWER COMPANY Industrial    2.43 % of total Revenue
INDIANA MICHIGAN POWER COMPANY Other Retail    0.02 % of total Revenue
INDIANA MICHIGAN POWER COMPANY Total Wholesale and Competitive Retail    4.45 % of total Revenue
INDIANA MICHIGAN POWER COMPANY Generation    4.27 % of total Revenue
INDIANA MICHIGAN POWER COMPANY Transmission    0.18 % of total Revenue
INDIANA MICHIGAN POWER COMPANY Other    -0.1 % of total Revenue
INDIANA MICHIGAN POWER COMPANY Other Revenues Related Party    0.28 % of total Revenue
INDIANA MICHIGAN POWER COMPANY Total Other    -0.07 % of total Revenue
INDIANA MICHIGAN POWER COMPANY Alternative Revenue Programs    0.03 % of total Revenue
OHIO POWER COMPANY Total Retail    16.03 % of total Revenue
OHIO POWER COMPANY Residential    9.55 % of total Revenue
OHIO POWER COMPANY Commercial    4.9 % of total Revenue
OHIO POWER COMPANY Industrial    1.51 % of total Revenue
OHIO POWER COMPANY Other Retail    0.07 % of total Revenue
OHIO POWER COMPANY Total Wholesale and Competitive Retail    0.47 % of total Revenue
OHIO POWER COMPANY Transmission    0.47 % of total Revenue
OHIO POWER COMPANY Other    0.17 % of total Revenue
OHIO POWER COMPANY Total Other    0.17 % of total Revenue
PUBLIC SERVICE COMPANY OF OKLAHOMA Total Retail    6.99 % of total Revenue
PUBLIC SERVICE COMPANY OF OKLAHOMA Residential    3.09 % of total Revenue
PUBLIC SERVICE COMPANY OF OKLAHOMA Commercial    2.03 % of total Revenue
PUBLIC SERVICE COMPANY OF OKLAHOMA Industrial    1.48 % of total Revenue
PUBLIC SERVICE COMPANY OF OKLAHOMA Other Retail    0.4 % of total Revenue
PUBLIC SERVICE COMPANY OF OKLAHOMA Total Wholesale and Competitive Retail    0.25 % of total Revenue
PUBLIC SERVICE COMPANY OF OKLAHOMA Generation    0.02 % of total Revenue
PUBLIC SERVICE COMPANY OF OKLAHOMA Transmission    0.23 % of total Revenue
PUBLIC SERVICE COMPANY OF OKLAHOMA Other    0.05 % of total Revenue
SOUTHWESTERN ELECTRIC POWER COMPANY Total Retail    7.52 % of total Revenue
SOUTHWESTERN ELECTRIC POWER COMPANY Residential    3.29 % of total Revenue
SOUTHWESTERN ELECTRIC POWER COMPANY Commercial    2.62 % of total Revenue
SOUTHWESTERN ELECTRIC POWER COMPANY Industrial    1.53 % of total Revenue
SOUTHWESTERN ELECTRIC POWER COMPANY Other Retail    0.08 % of total Revenue
SOUTHWESTERN ELECTRIC POWER COMPANY Total Wholesale and Competitive Retail    1.83 % of total Revenue
SOUTHWESTERN ELECTRIC POWER COMPANY Generation    0.86 % of total Revenue
SOUTHWESTERN ELECTRIC POWER COMPANY Transmission    0.96 % of total Revenue
SOUTHWESTERN ELECTRIC POWER COMPANY Transmission Revenues Related Party    0.33 % of total Revenue
SOUTHWESTERN ELECTRIC POWER COMPANY Other    0.13 % of total Revenue
Corporate and Other Other    0.03 % of total Revenue
Corporate and Other Other Revenues Related Party    0.48 % of total Revenue
Corporate and Other Total Other    0.03 % of total Revenue
Reconciling Adjustments Total Wholesale and Competitive Retail    -8.97 % of total Revenue
Reconciling Adjustments Transmission    -8.62 % of total Revenue
Reconciling Adjustments Retail Trading and Marketing    -0.35 % of total Revenue
Reconciling Adjustments Other    -0.03 % of total Revenue
Reconciling Adjustments Total Other    -0.22 % of total Revenue
Reconciling Adjustments Alternative Revenue Programs    -0.18 % of total Revenue
VIU Transmission Revenues Related Party    0.91 % of total Revenue
VIU Total Retail    47.69 % of total Revenue
VIU Residential    22.66 % of total Revenue
VIU Commercial    13.27 % of total Revenue
VIU Industrial    10.78 % of total Revenue
VIU Other Retail    0.98 % of total Revenue
VIU Total Wholesale and Competitive Retail    8.72 % of total Revenue
VIU Generation    6.01 % of total Revenue
VIU Transmission    2.71 % of total Revenue
VIU Other    -0.12 % of total Revenue
VIU Total Other    -0.07 % of total Revenue
VIU Alternative Revenue Programs    0.05 % of total Revenue
T D Total Retail    21.35 % of total Revenue
T D Residential    12.18 % of total Revenue
T D Commercial    6.79 % of total Revenue
T D Industrial    2.13 % of total Revenue
T D Other Retail    0.25 % of total Revenue
T D Total Wholesale and Competitive Retail    3.55 % of total Revenue
T D Transmission    3.55 % of total Revenue
T D Other    0.17 % of total Revenue
T D Total Other    0.13 % of total Revenue
T D Alternative Revenue Programs    -0.03 % of total Revenue
AEPTHCo Transmission Revenues Related Party    7.61 % of total Revenue
AEPTHCo Total Wholesale and Competitive Retail    9.73 % of total Revenue
AEPTHCo Transmission    9.73 % of total Revenue
AEPTHCo Other    0.08 % of total Revenue
AEPTHCo Total Other    0.12 % of total Revenue
AEPTHCo Alternative Revenue Programs    0.12 % of total Revenue
G M Retail Trading and Marketing Revenues Related Party    0.35 % of total Revenue
G M Total Wholesale and Competitive Retail    13.65 % of total Revenue
G M Generation    0.86 % of total Revenue
G M Retail Trading and Marketing    12.79 % of total Revenue
G M Other    1.64 % of total Revenue
G M Total Other    1.64 % of total Revenue




   
Customers Net Income grew in Q1 by Customers Net margin grew to
36.86 % 12.11 %
Customers Net Income grew in Q1 by 36.86 %


Customers Net margin grew to 12.11 %



American Electric Power Co Inc's Customers, Q1 2026 Revenue Growth By Industry
Customers in Chemical Manufacturing Industry -9.22 %   
Customers in Paper & Paper Products Industry -3.49 %   
Customers in Construction Raw Materials Industry -10.2 %   
Customers in Oil And Gas Production Industry -70.73 %   
Customers in Renewable Energy Services & Equipment Industry      8.68 %
Customers in Property & Casualty Insurance Industry      4.4 %
Customers in Electric Utilities Industry      14.16 %
Customers in Natural Gas Utilities Industry      14.04 %
     
• Customers Valuation • Customers Mgmt. Effect.


American Electric Power Co Inc's Comment on Sales, Marketing and Customers



American Electric Power's (AEP) public utility subsidiaries serve over 5 million retail customers as of December 31, 2025, across multiple states including Texas, Virginia, Indiana, Kentucky, Ohio, Oklahoma, and West Virginia. These subsidiaries provide electric service to principal industries such as petroleum and coal products manufacturing, chemical manufacturing, oil and gas extraction, pipeline transportation, primary metal manufacturing, data processing (including data centers and cryptocurrency operations), coal mining, paper manufacturing, transportation equipment, plastics and rubber products, fabricated metals product manufacturing, and food manufacturing. In addition to retail service, the subsidiaries supply and market electric power at wholesale to other electric utility companies, rural electric cooperatives, municipalities, and other market participants. The subsidiaries include AEP Texas, Appalachian Power Company (APCo), Indiana Michigan Power Company (I&M), Kentucky Power Company (KGPCo), Kentucky Power Company (KPCo), Ohio Power Company (OPCo), Public Service Company of Oklahoma (PSO), Southwestern Electric Power Company (SWEPCo), and Wheeling Power Company (WPCo). These entities operate within regional transmission organizations such as the Electric Reliability Council of Texas (ERCOT), PJM Interconnection (PJM), and Southwest Power Pool (SPP). American Electric Power Service Corporation (AEPSC), a service company subsidiary, provides various services to AEP subsidiaries and employed 6,994 individuals as of December 31, 2025.





American Electric Power Co Inc’s Comment on Sales, Marketing and Customers


American Electric Power's (AEP) public utility subsidiaries serve over 5 million retail customers as of December 31, 2025, across multiple states including Texas, Virginia, Indiana, Kentucky, Ohio, Oklahoma, and West Virginia. These subsidiaries provide electric service to principal industries such as petroleum and coal products manufacturing, chemical manufacturing, oil and gas extraction, pipeline transportation, primary metal manufacturing, data processing (including data centers and cryptocurrency operations), coal mining, paper manufacturing, transportation equipment, plastics and rubber products, fabricated metals product manufacturing, and food manufacturing. In addition to retail service, the subsidiaries supply and market electric power at wholesale to other electric utility companies, rural electric cooperatives, municipalities, and other market participants. The subsidiaries include AEP Texas, Appalachian Power Company (APCo), Indiana Michigan Power Company (I&M), Kentucky Power Company (KGPCo), Kentucky Power Company (KPCo), Ohio Power Company (OPCo), Public Service Company of Oklahoma (PSO), Southwestern Electric Power Company (SWEPCo), and Wheeling Power Company (WPCo). These entities operate within regional transmission organizations such as the Electric Reliability Council of Texas (ERCOT), PJM Interconnection (PJM), and Southwest Power Pool (SPP). American Electric Power Service Corporation (AEPSC), a service company subsidiary, provides various services to AEP subsidiaries and employed 6,994 individuals as of December 31, 2025.








AEP's vs. Customers, Data

(Revenue and Income for Trailing 12 Months, in Millions of $, except Employees)



COMPANY NAME MARKET CAP REVENUES INCOME EMPLOYEES
American Electric Power Co Inc 68,108.24 21,876.00 3,696.00 17,581
Exelon Corporation 44,774.64 24,786.00 2,779.00 20,571
Entergy Corporation 49,613.52 13,287.44 1,801.71 292
Firstenergy Corp 27,126.60 15,527.00 1,323.00 11,185
Pg and e Corp 32,675.50 24,935.00 2,703.00 29,010
Pinnacle West Capital Corporation 12,070.83 5,457.26 667.10 6,610
SUBTOTAL 2,350,864.11 1,814,682.61 259,759.35 1,653,904
28 more clients available

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Sources: American Electric Power Co Inc’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: American Electric Power Co Inc’s corporate clients.
For your research, we’ve provided 9 tables on American Electric Power Co Inc corporate clients.
You can find them in the navigation menu under Customers & Markets.
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