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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

AEP's Financial Statements and Analysis



American Electric Power Co Inc reported in the first quarter of 2024 net earnings per share of $1.90 an increase by 146.75 % year on year from $0.77 and an improvement of 201.6 % from $0.63 realized in IV. Quarter (Dec 31 2023).


first quarter of 2024
Earnings Per Share Revenues
$ 1.9 $  5,026 Mill
$+1.13     +146.75 % $+335M     +7.14 %



American Electric Power Co Inc 's Revenue rose by 7.14 % in first quarter of 2024 (Mar 31 2024) year on year, to $5,026 million and advanced by 9.8 % sequentially.


American Electric Power Co Inc is

More on AEP's Income Statement



American Electric Power Co Inc 's net income of $1,005.700 million in the first quarter of 2024 increased by 151.17 % from net earnings of $400.400 million achieved in I. Quarter a year ago.

Sequentially net earnings grew by 197.72 % from net income of $337.800 million realized in previous quarter.

More on AEP's Growth




American Electric Power Co Inc Inventories
Inventories grew by 35.19 % to $750 million from I. Quarter a year ago, sequentially inventories fell by -12.16 %. In Mar 31 2024 company's net cash and cash equivalents decreased by $-96 million, capital expenditures grew by -2235.8-21.20%, to $-1,762 millions compare to same quarter a year ago

More on AEP's Cash flow Statement


American Electric Power Co Inc payed out dividend of $3.44 per share in last 52 weeks representing 64.06 % of net earning per share in trailing twelve-month period.

During the same period American Electric Power Co Inc earned $ 10.87 cash per share, on a free-cash flow basis 202.48 % of net earning per share.

Book value grew by 0.89 % sequentially to $48.98 per share, 46.53% of net income per share in trailing twelve-month period were contributed to shareholder value.
Tangible Book value grew to $ 48.88 per share from $ 48.45.

Company issued 6.82 million shares or 1.31 % in Mar 31 2024.
Interest Coverage Ratio was 2.45. Debt Coverage Ratio was 0.11.

More on AEP's Dividends

 Market Capitalization (Millions) 46,502
 Shares Outstanding (Millions) 528
 Total Debt (Millions $) 42,674
 Revenue (TTM) (Millions $) 19,317
 Net Income (TTM) (Millions $) 2,818
 Cash Flow (TTM) (Millions $) -111
 Capital Exp. (TTM) (Millions $) -6,904
 Dividend TTM ($) 3.44 $
 Dividend Yield TTM (%) 3.99 %
 Employees (TTM) $ 16,688




American Electric Power Co Inc payed out dividend of $3.44 per share in the last 52 weeks representing 64.06 % of net earning per share in trailing twelve-month period.

During the same period American Electric Power Co Inc had $ 10.87 cash flow per share, on a free-cash flow basis 202.48 % of net earning per share.

Book value grew by 0.89 % sequentially to $48.98 per share, 46.53% of net income per share in trailing twelve-month period were contributed to shareholder value.
Tangible Book value grew to $ 48.88 per share from $ 48.45.

Company issued 6.82 million shares or 1.31 % in Mar 31 2024.
Interest Coverage Ratio was 2.45. Debt Coverage Ratio was 0.11.

More on AEP's Balance Sheets

 Market Capitalization (Millions) 46,502
 Shares Outstanding (Millions) 528
 Total Debt (Millions $) 42,674
 Revenue (TTM) (Millions $) 19,317
 Net Income (TTM) (Millions $) 2,818
 Cash Flow (TTM) (Millions $) -111
 Capital Exp. (TTM) (Millions $) -6,904
 Dividend TTM ($) 3.44 $
 Dividend Yield TTM (%) 3.99 %
 Employees (TTM) $ 16,688
   


  News about American Electric Power Co Inc Earnings

American Electric Power Co Inc Posts Impressive Revenue Growth of 7.137% in First Quarter of 2024

American Electric Power (AEP) has been making headlines recently with the appointment of Benjamin G.S. Fowke III as Interim CEO and President. This change in leadership is expected to bring stability and expertise to the company, as Fowke comes with a wealth of experience in the industry.
In addition to this personnel change, AEP has also seen a significant improvement in its return on investment during the third quarter of 2023. The company reported a 7.137% increase in revenue, reaching $5.03 billion compared to $4.69 billion in the previous year. Earnings per share also saw a substantial increase of 146.75% to $1.90, up from $0.77 in the prior year.
Furthermore, AEP highlighted its improving pro...

Strong Earnings Boosted by $137 Million Tax Benefit

AEP had a weak fourth quarter of the 2023 earnings season, with a significant decline in income and revenue. Income fell by -13.36% to $0.63 per share, while revenue decreased by -6.226% to $4.58 billion compared to the previous year. These numbers are in contrast to the overall trend in the Electric Utilities industry, which saw a 0.08% growth in the fourth quarter of 2023 compared to the same period in 2022. The industry's EPS also dropped by -65.57% and revenue deteriorated by -14.312% during the same period.
Looking further into AEP's results, the company's bottom-line for the fourth quarter of 2023 fell by -11.89% to $337.8 million compared to the corresponding period in the previous year. However, ...

AEP Reports Decline in Revenue, but Achieves Significant Profit Improvement in Fiscal Q3 2023



American Electric Power Co Inc (AEP) recently released its fina...

American Electric Power Co Inc Experiences Slump in Q2 2023 as Earnings and Revenue Dip

American Electric Power Co Inc, one of the leading electric utilities companies in the United States, experienced a weak performance in the April to June 30, 2023 span. The company's earnings decreased by -0.98% to $1.01 per share, while revenue decreased by -5.759% to $4.37 billion compared to the previous year. In comparison to the previous period, earnings grew by 31.17% from $0.77 per share, but revenue decreased by -6.788% from $4.69 billion.
The decline in earnings in the April to June 30, 2023 span can be attributed to various factors. The company's operating earnings fell by -12.91% to $874.7 million, which also squeezed the operating margin from 21.65% in the second quarter of 2022 to 20% in the...

Surprising Financial Twist: Revenue Skyrockets, But Earnings Plunge in First Quarter of 2023

American Electric Power Co Inc (AEP) is one of the largest electric utility operators in the United States, serving over 5 million customers across 11 states. The company generates, transmits, and distributes electricity to both residential and commercial customers, with a focus on providing reliable and affordable services.
Despite a 2.14% increase in revenue, AEP saw a significant contraction in income of -45.39% in the most recent fiscal period, compared to the same period a year before. The company reported revenue of $4.69 billion and earnings per share (EPS) of $0.77. This represents a 5.89% improvement from the previous reporting season, where EPS was at $0.73 per share, and a decrease of -3.897% ...


Date modified: 2024-04-30T22:44:05+00:00





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