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American Electric Power Co Inc   (AEP)
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    Sector  Utilities    Industry Electric Utilities
   Industry Electric Utilities
   Sector  Utilities

American Electric Power Co Inc 's

Competitiveness


 

AEP Sales vs. its Competitors Q4 2023



Comparing the current results to its competitors, American Electric Power Co Inc reported Revenue decrease in the 4 quarter 2023 year on year by -6.23 %, faster than the overall decrease of American Electric Power Co Inc 's competitors by -0.23 %, recorded in the same quarter.

List of AEP Competitors

With a net margin of 7.38 % American Electric Power Co Inc achieved higher profitability than its competitors.

More on AEP Profitability Comparisons



Revenue Growth Comparisons




Net Income Comparison


American Electric Power Co Inc Net Income in the 4 quarter 2023 fell year on year by -11.89%, slower than its competitors' income growth of 72.73 %

<<  AEP Stock Performance Comparisons


American Electric Power Co Inc 's Comment on Competitors and Industry Peers


The vertically integrated public utility subsidiaries of AEP, like the electric industry generally, face competition in the sale of available power on a wholesale basis, primarily to other public utilities and power marketers. The Energy Policy Act of 1992 was designed, among other things, to foster competition in the wholesale market by creating a generation market with fewer barriers to entry and mandating that all generators have equal access to transmission services. As a result, there are more generators able to participate in this market. The principal factors in competing for wholesale sales are price (including fuel costs), availability of capacity and power and reliability of service.

AEP’s vertically integrated public utility subsidiaries also compete with self-generation and with distributors of other energy sources, such as natural gas, fuel oil and coal, within their service areas. The primary factors in such competition are price, reliability of service and the capability of customers to utilize sources of energy other than electric power. With respect to competing generators and self-generation, the public utility subsidiaries of AEP believe that they generally maintain a favorable competitive position. With respect to alternative sources of energy, the vertically integrated public utility subsidiaries of AEP believe that the reliability of their service and the limited ability of customers to substitute other cost-effective sources for electric power place them in a favorable competitive position, even though their prices may be higher than the costs of some other sources of energy.


Significant changes in the global economy have led to increased price competition for industrial customers in the United States, including those served by the AEP System. Some of these industrial customers have requested price reductions from their suppliers of electric power. In addition, industrial customers that are downsizing or reorganizing often close a facility based upon its costs, which may include, among other things, the cost of electric power. The vertically integrated public utility subsidiaries of AEP cooperate with such customers to meet their business needs through, for example, providing various off-peak or interruptible supply options pursuant to tariffs filed with, and approved by, the various state commissions. Occasionally, these rates are negotiated with the customer, and then filed with the state commissions for approval.

The generation and marketing subsidiaries of AEP face competition for the sale of available power, capacity and ancillary services. The principal factors impacting us are electricity and fuel prices, new market entrants, construction or retirement of generating assets by others and technological advances in power generation. It is possible that changes in regulatory policies or advances in newer technologies such as fuel cells, microturbines, windmills and photovoltaic solar cells will reduce costs of new technology to levels that are equal to or below that of most central station electricity production. Our ability to maintain relatively low cost, efficient and reliable operations is a significant determinate of our competitiveness.

With over 70% of our generation fleet fueled by coal, our overall competitive position is impacted by the price of natural gas relative to coal. While higher relative natural gas prices generally favor our competitive position, lower relative natural gas prices will favor our competitors that have a higher concentration of natural gas fueled generation. Other factors impacting our competitiveness include transmission congestion or transportation constraints at or near our generation facilities, inoperability or inefficiencies, outages and deactivations and retirements at our generation facilities.

One of the most significant provisions of FERC Order No. 1000 is the removal of the federal right of first refusal for incumbent utilities within tariffs and agreements for certain regional transmission projects. Historically, vertically integrated public utilities had the right to build and own transmission lines proposed by the region’s planning processes when those lines connected to facilities within their respective retail service territories. FERC Order No. 1000 eliminates the federal right of first refusal in regional transmission organization (RTO) tariffs for incumbent utilities to construct certain regional transmission projects within their own service territories, thereby creating the opportunity for any qualified entity to build and own regional transmission facilities in any service territory. Transource was created to respond to FERC Order No. 1000 competitive processes at the RTO level as described above.





  

Overall company Market Share Q4 2023

Overall company, revenue fell by -6.23 % and company lost market share, to approximately 4.35 %.




<<  More on AEP Market Share.
 
*Market share is calculated based on total revenue.





Who are American Electric Power Co Inc 's Competitors?




Ameren Corporation
Share Performance



+3.49%
30 Days



Ameren Corporation
Profile

Ameren Corporation operates as a public utility holding company that generates and distributes electricity and natural gas in the United States. They provide reliable energy services to residential, commercial, and industrial customers while ensuring compliance with regulations and maintaining a strong focus on sustainability.

More about Ameren Corporation's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 18,929.096 mill. $ 7,500.000 mill. $ 1,157.000 mill.


Constellation Energy Corporation
Share Performance



+28.64%
30 Days



Constellation Energy Corporation
Profile

Constellation Energy Corporation operates as a competitive energy supplier, offering electricity and natural gas solutions to residential, commercial, and industrial customers across various regions. They generate, purchase, sell, and distribute electricity and provide various energy services to meet the diverse energy needs of their customers.

More about Constellation Energy Corporation's Market Share

Market Cap. Revenues TTM Net Income TTM
$ - mill. $ 24,918.000 mill. $ 1,577.000 mill.


Cms energy Corporation
Share Performance



-5.80%
One Year



Cms energy Corporation
Profile

CMS Energy Corporation is a utility company that operates primarily through its subsidiary, Consumers Energy, providing electricity and natural gas services to customers in Michigan. They generate and purchase electricity, distribute it to customers, and offer various energy management and conservation programs.

More about Cms energy Corporation's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 16,967.910 mill. $ 6,921.000 mill. $ 886.000 mill.


Centerpoint Energy Inc
Share Performance



-0.68%
Over The Past 5 Days



Centerpoint Energy Inc
Profile

CenterPoint Energy Inc's business model revolves around the provision of energy delivery services. They focus on the transmission and distribution of electricity and natural gas to residential, commercial, and industrial customers. Their primary objective is to ensure the safe and reliable delivery of energy while also promoting efficient energy usage and customer satisfaction.

More about Centerpoint Energy Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 17,681.737 mill. $ 8,696.000 mill. $ 917.000 mill.


Dominion Energy Inc
Share Performance



+1.80%
This Quarter



Dominion Energy Inc
Profile

Dominion Energy Inc operates as a diversified energy company, engaging in the generation, transmission, distribution, and sale of electricity and natural gas. It primarily serves utility and retail energy customers in the Mid-Atlantic, Midwest, Northeast, and Western United States.

More about Dominion Energy Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 46,512.529 mill. $ 17,769.000 mill. $ 1,717.000 mill.


Dte Energy Co
Share Performance



-1.26%
Over The Past 5 Days



Dte Energy Co
Profile

DTE Energy Co operates as a diversified energy company primarily engaged in the generation, sale, and distribution of electricity and natural gas.

More about Dte Energy Co's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 22,624.787 mill. $ 12,745.000 mill. $ 1,397.000 mill.


Duke Energy Corporation
Share Performance



+2.79%
30 Days



Duke Energy Corporation
Profile

Duke Energy Corporation operates as a multinational energy company that provides electricity and natural gas services to customers in various states across the United States. The company primarily focuses on electricity generation, transmission, distribution, and retail, with a significant portion of its energy portfolio coming from nuclear and renewable sources. Duke Energy also offers various energy-related services, including energy management and consulting, as part of its business model.

More about Duke Energy Corporation's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 73,350.537 mill. $ 29,060.000 mill. $ 2,874.000 mill.


Consolidated Edison Inc
Share Performance



+0.87%
30 Days



Consolidated Edison Inc
Profile

Consolidated Edison Inc's business model revolves around delivering reliable energy services to customers in a regulated environment. They operate as a holding company, providing electricity, gas, and steam services to customers in New York. The company focuses on maintaining and operating the necessary infrastructure, including power plants, transmission lines, and distribution systems, to ensure the continuous supply of energy. They generate revenue through the rates charged to customers for their energy usage and strive to provide efficient and environmentally friendly solutions.

More about Consolidated Edison Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 31,090.958 mill. $ 14,663.000 mill. $ 2,516.000 mill.


Edison International
Share Performance



-0.72%
Over The Past 5 Days



Edison International
Profile

Edison International operates as a holding company that generates and distributes electric power through its subsidiaries. It focuses on delivering reliable and affordable energy services to residential, commercial, and industrial customers.

More about Edison International's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 26,541.839 mill. $ 16,338.000 mill. $ 1,407.000 mill.


Empire Petroleum Corporation
Share Performance



-46.69%
This Year



Empire Petroleum Corporation
Profile

Empire Petroleum Corporation operates as an independent fuel distributor and convenience store retailer. They focus on acquiring, leasing, and expanding fuel stations across various regions in the United States. Their business model revolves around providing high-quality petroleum products to customers and generating revenue through fuel sales, retail merchandise, and food service offerings at their convenience stores.

More about Empire Petroleum Corporation's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 126.138 mill. $ 37.417 mill. $ -9.962 mill.


Eversource Energy
Share Performance



-7.50%
This Year



Eversource Energy
Profile

Eversource Energy operates as a regulated utility company that provides electricity and natural gas distribution services to customers in the New England region. The company follows a vertically integrated business model, meaning it controls the entire supply chain from generation to distribution. Eversource focuses on investing in infrastructure, implementing advanced technologies, and ensuring reliable and affordable energy solutions for its customers.

More about Eversource Energy's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 20,694.024 mill. $ 11,910.705 mill. $ -434.721 mill.


Entergy Corporation
Share Performance



+2.61%
30 Days



Entergy Corporation
Profile

Entergy Corporation operates as a diversified energy company, primarily engaging in the generation and distribution of electricity. The company provides electricity to various customer segments, including residential, commercial, and industrial customers across multiple states in the United States. Additionally, Entergy Corporation also focuses on environmental stewardship and invests in renewable energy sources to support sustainable energy practices.

More about Entergy Corporation's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 21,784.158 mill. $ 12,147.412 mill. $ 2,362.310 mill.


Firstenergy Corp
Share Performance



+0.84%
Over The Past 5 Days



Firstenergy Corp
Profile

FirstEnergy Corp is an electric utility company that operates and maintains electricity generation, transmission, and distribution systems in multiple states. They primarily generate revenue through the sale of electricity to residential, commercial, and industrial customers.

More about Firstenergy Corp's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 21,930.948 mill. $ 12,870.000 mill. $ 1,176.000 mill.


Mdu Resources Group Inc
Share Performance



-3.14%
Over The Past 5 Days



Mdu Resources Group Inc
Profile

MDU Resources Group Inc has a diversified business model focused on energy and infrastructure, providing construction services, energy transportation and storage, and electric and natural gas distribution. They aim to generate revenue and profit by delivering these services to customers across different sectors and regions.

More about Mdu Resources Group Inc's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 4,539.305 mill. $ 4,657.340 mill. $ 414.707 mill.


Macquarie Infrastructure Holdings Llc
Share Performance



+12.05%
This Year



Macquarie Infrastructure Holdings Llc
Profile

Macquarie Infrastructure Holdings LLC operates primarily infrastructure businesses that provide essential services such as transportation, energy, and telecommunications. The company focuses on investing in and managing assets that generate stable cash flow and have significant barriers to entry.

More about Macquarie Infrastructure Holdings Llc's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 367.529 mill. $ 480.115 mill. $ 2,681.708 mill.


Nisource Inc
Share Performance



-4.21%
One Year



Nisource Inc
Profile



More about Nisource Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 11,915.071 mill. $ 14,214.100 mill. $ 689.500 mill.


Nrg Energy inc
Share Performance



+93.28%
One Year



Nrg Energy inc
Profile

NRG Energy Inc operates as a competitive energy provider, generating and selling electricity to residential, commercial, and industrial customers. They focus on diverse energy sources, including fossil fuels, renewable energy, and efficient energy solutions, to meet the needs of their customers while minimizing environmental impact.

More about Nrg Energy inc's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 14,857.143 mill. $ 28,823.000 mill. $ -202.000 mill.


Pg and e Corp
Share Performance



-9.42%
This Quarter



Pg and e Corp
Profile

PG&E Corp's business model involves generating, transmitting, and distributing electricity and natural gas to customers in California. The company also provides energy-related products and services to customers while prioritizing safety, reliability, and sustainability.

More about Pg and e Corp's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 34,291.924 mill. $ 24,428.000 mill. $ 2,256.000 mill.


Public Service Enterprise Group Incorporated
Share Performance



+2.46%
This Quarter



Public Service Enterprise Group Incorporated
Profile

Public Service Enterprise Group Incorporated's business model revolves around providing energy services to the public. They generate and distribute electricity, and operate in various segments such as power generation, transmission, and delivery. They also offer customer solutions, including energy efficiency programs and renewable energy initiatives.

More about Public Service Enterprise Group Incorporated's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 31,990.037 mill. $ 11,237.000 mill. $ 2,563.000 mill.


Ppl Corporation
Share Performance



-2.22%
This Year



Ppl Corporation
Profile

PPL Corporation's business model revolves around the generation, transmission, and distribution of electricity. The company operates primarily in the United States and delivers electricity to millions of customers through its regulated subsidiaries. PPL Corporation generates revenue by selling electricity and related services, while also focusing on maintaining a reliable and sustainable power supply.

More about Ppl Corporation's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 19,857.150 mill. $ 8,571.000 mill. $ 817.000 mill.


The Southern Company
Share Performance



+0.10%
Over The Past 5 Days



The Southern Company
Profile

The Southern Company operates as a leading energy company, primarily focusing on producing and distributing electricity. It operates a vertically integrated business model, owning a diverse portfolio of power plants and transmission and distribution facilities, which enables them to generate, transmit, and distribute electricity to its customers while ensuring reliability, affordability, and environmental sustainability.

More about The Southern Company's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 76,223.160 mill. $ 29,117.000 mill. $ 3,144.000 mill.


Sempra
Share Performance



-4.40%
This Quarter



Sempra
Profile

Sempra Energy operates as a diversified energy company, providing electricity, natural gas, and renewable energy solutions to customers worldwide. Their business model involves generating and distributing energy, as well as managing and operating natural gas infrastructure.

More about Sempra's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 44,659.290 mill. $ 16,720.000 mill. $ 3,618.000 mill.


Wec Energy Group Inc
Share Performance



+3.87%
30 Days



Wec Energy Group Inc
Profile

WEC Energy Group Inc operates as a holding company, engaging in the generation and distribution of electricity. The company primarily serves customers in Wisconsin, Illinois, Michigan, and Minnesota. Their business model focuses on providing reliable and affordable energy solutions while promoting clean and sustainable practices.

More about Wec Energy Group Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 25,567.378 mill. $ 8,893.000 mill. $ 1,331.700 mill.


Williams Companies Inc
Share Performance



+28.83%
One Year



Williams Companies Inc
Profile

Williams Companies Inc. operates as a natural gas infrastructure company, primarily engaged in transporting, processing, and storing natural gas.

More about Williams Companies Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 45,465.662 mill. $ 10,907.000 mill. $ 3,303.000 mill.


Xcel Energy Inc
Share Performance



-14.91%
This Quarter



Xcel Energy Inc
Profile

Xcel Energy Inc operates as a regulated electric and natural gas utility company. They generate, purchase, transmit, distribute, and sell electricity and natural gas to residential, commercial, and industrial customers in multiple states, with a focus on delivering reliable energy services at a reasonable cost.

More about Xcel Energy Inc's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 28,711.165 mill. $ 25,652.000 mill. $ 1,771.000 mill.


Csx Corporation
Share Performance



+0.84%
30 Days



Csx Corporation
Profile

CSX Corporation operates a business model as a transportation supplier, primarily offering rail-based freight services across the United States. They generate revenues by transporting a wide range of commodities for customers through their extensive rail network infrastructure.

More about Csx Corporation's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 74,922.514 mill. $ 14,657.000 mill. $ 3,715.000 mill.


Norfolk Southern Corporation
Share Performance



+0.74%
30 Days



Norfolk Southern Corporation
Profile

Norfolk Southern Corporation operates as a major transportation company, primarily providing freight rail transportation services across the eastern United States. Their business model revolves around efficiently transporting goods for customers in various industries, leveraging their extensive rail network, logistics expertise, and technology solutions to deliver reliable and cost-effective services.

More about Norfolk Southern Corporation's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 58,368.322 mill. $ 12,156.000 mill. $ 1,827.000 mill.


Sunoco Lp
Share Performance



+45.54%
One Year



Sunoco Lp
Profile

Sunoco LP operates as a master limited partnership primarily engaged in the wholesale distribution and retail sale of motor fuels, as well as the operation of convenience stores. The company generates revenue through fuel sales to independent dealers, commission income from franchisees, and merchandise sales at their retail locations.

More about Sunoco Lp's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 6,496.741 mill. $ 23,068.000 mill. $ 824.000 mill.


Union Pacific Corp
Share Performance



-2.72%
Over The Past 5 Days



Union Pacific Corp
Profile

Union Pacific Corp's business model is focused on operating a transportation network that provides rail services across North America.

More about Union Pacific Corp's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 149,164.827 mill. $ 24,119.000 mill. $ 6,379.000 mill.


The Aes Corporation
Share Performance



-11.32%
30 Days



The Aes Corporation
Profile

The Aes Corporation is a global power company that operates and develops utility-scale solar and wind power projects, as well as energy storage solutions. They generate and sell electricity to governments, utilities, and commercial customers, while continuously innovating to provide sustainable and reliable energy solutions.

More about The Aes Corporation's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 10,586.057 mill. $ 12,668.000 mill. $ -182.000 mill.


Exelon Corporation
Share Performance



+4.99%
30 Days



Exelon Corporation
Profile

Exelon Corporation operates as a utility services holding company, primarily engaged in the generation, transmission, and distribution of electricity. It focuses on providing reliable and diverse energy solutions to customers across multiple states in the United States.

More about Exelon Corporation's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 36,412.308 mill. $ 21,727.000 mill. $ 2,328.000 mill.



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