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American Electric Power Co Inc   (AEP)
Other Ticker:  
 
    Sector  Utilities    Industry Electric Utilities
   Industry Electric Utilities
   Sector  Utilities
 

AEP's Net Income Growth by Quarter and Year

American Electric Power Co Inc 's Net Income results by quarter and year




AEP Net Income (in millions $) FY 2023 FY 2022 FY 2021 FY 2020
IV Quarter December 337.80 383.40 538.60 434.70
III Quarter September 958.30 683.30 796.90 748.20
II Quarter June 516.10 520.80 573.80 514.50
I Quarter March 400.40 718.10 578.80 499.30
FY   2,212.60 2,305.60 2,488.10 2,196.70



AEP Net Income fourth quarter 2023 Y/Y Growth Comment
American Electric Power Co Inc reported fall in Net Income in the fourth quarter 2023 by -11.89% to $ 337.80 millions, from the same quarter in 2022.
The decline in the fourth quarter 2023 American Electric Power Co Inc 's Net Income compares unfavorably to the Company's average Net Income rise of 34.97%.

Looking into fourth quarter 2023 results within Electric Utilities industry 23 other companies have achieved higher Net Income growth. While American Electric Power Co Inc ' s Net Income decrease of -11.89% ranks overall at the positon no. 605 in the fourth quarter 2023.




AEP Net Income ( Y/Y Growth %) 2023
2022 2021 2020
IV Quarter December -11.89 % -28.82 % 23.9 % 184.68 %
III Quarter September 40.25 % -14.26 % 6.51 % 1.95 %
II Quarter June -0.9 % -9.24 % 11.53 % 12.07 %
I Quarter March -44.24 % 24.07 % 15.92 % -13.03 %
FY   -4.03 % -7.33 % 13.27 % 14.42 %

Financial Statements
American Electric Power Co Inc 's fourth quarter 2023 Net Income $ 337.80 millions AEP's Income Statement
American Electric Power Co Inc 's fourth quarter 2022 Net Income $ 383.40 millions Quarterly AEP's Income Statement
New: More AEP's historic Net Income Growth >>


AEP Net Income (Quarter on Quarter Growth %)

2023
2022 2021 2020
IV Quarter December -64.75 % -43.89 % -32.41 % -41.9 %
III Quarter September 85.68 % 31.2 % 38.88 % 45.42 %
II Quarter June 28.9 % -27.48 % -0.86 % 3.04 %
I Quarter March 4.43 % 33.33 % 33.15 % 226.98 %
FY (Year on Year)   -4.03 % -7.33 % 13.27 % 14.42 %




Net Income fourth quarter 2023 Y/Y Growth Company Ranking
Within: No.
Electric Utilities Industry #24
Utilities Sector #42
Overall #605

Net Income Y/Y Growth Statistics
High Average Low
890 % 34.97 % -70.89 %
(Dec. 31, 2004)   (Jun 30 2017)
Net Income fourth quarter 2023 Y/Y Growth Company Ranking
Within: No.
Electric Utilities Industry #24
Utilities Sector #42
Overall #605
Net Income Y/Y Growth Statistics
High Average Low
890 % 34.97 % -70.89 %
(Dec. 31, 2004)   (Jun 30 2017)

Net Income by Quarter for the Fiscal Years 2020, 2021, 2022, 2023

American Electric Power Co Inc 's Q/Q Net Income Growth


Net Income Q/Q Growth Statistics
High Average Low
1628.57 % 44.78 % -95.69 %
(March 31, 2013)  


AEP's IV. Quarter Q/Q Net Income Comment
In the IV. Quarter 2023 American Electric Power Co Inc realized fall in Net Income from the previous quarter by -64.75% to $ 337.80 millions, from $ 958.30 millions declared in the previous quarter.

When you analyse recent slump in the quarter, you must assume, that frequently IV. Quarter Net Income occur sluggish relative to the third quarter

Within Electric Utilities industry 27 other companies have achieved higher Net Income quarter on quarter growth. While American Electric Power Co Inc 's Net Income growth quarter on quarter, overall rank is 883.


Net Income Q/Q Growth Company Ranking
Within: No.
Electric Utilities Industry #28
Utilities Sector #55
Overall #883
Net Income Q/Q Growth Company Ranking
Within: No.
Electric Utilities Industry #28
Utilities Sector #55
Overall #883
Net Income Q/Q Growth Statistics
High Average Low
1628.57 % 44.78 % -95.69 %
(March 31, 2013)  


AEP's IV. Quarter Q/Q Net Income Comment
In the IV. Quarter 2023 American Electric Power Co Inc realized fall in Net Income sequentially by -64.75% to $ 337.80 millions, from $ 958.30 millions declared in the previous reporting period.

This is not big concern, as Net Income frequently gravitate to slow in this quarter Advaith Chauhan , an industry expert told.

Within Electric Utilities industry 27 other companies have achieved higher Net Income quarter on quarter growth. While American Electric Power Co Inc 's Net Income growth quarter on quarter, overall rank is 883.


American Electric Power Co Inc 's 12 Months Net Income Growth Year on Year


Net Income TTM Growth

12 Months Ending
(Dec 31 2023)
12 Months Ending
(Sep 30 2023)
12 Months Ending
(Jun 30 2023)
12 Months Ending
(Mar 31 2023)
12 Months Ending
(Dec 31 2022)
Cumulative Net Income 12 Months Ending $ 2,212.60 $ 2,258.20 $ 1,983.20 $ 1,987.90 $ 2,305.60
Y / Y Net Income Growth (TTM) -4.03 % -8.23 % -22.96 % -24.34 % -7.33 %
Year on Year Net Income Growth Overall Ranking # 610 # 424 # 310 # 626 # 665
Seqeuential Net Income Change (TTM) -2.02 % 13.87 % -0.24 % -13.78 % -6.31 %
Seq. Net Income Growth (TTM) Overall Ranking # 605 # 497 # 398 # 961 # 813




Cumulative Net Income growth Comment
American Electric Power Co Inc showed decline, but improvement compare to trailing twelve month Net Income decrease in Sep 30 2023. If the fiscal year would end in Dec 31 2023, American Electric Power Co Inc 's annual Net Income decline would be -4.03% year on year to $2,213 millions.

In the Utilities sector 41 other companies have achieved higher trailing twelve month Net Income growth. While Net Income growth total ranking has deteriorated compare to previous quarter from 424 to 610.

Net Income TTM Q/Q Growth Statistics
High Average Low
890 %
34.97 %
-70.89 %
 

Net Income TTM Y/Y Growth Company Ranking
Within: No.
Electric Utilities Industry # 24
Utilities Sector # 42
Overall # 610

Net Income TTM Y/Y Growth Statistics
High Average Low
890 %
34.97 %
-70.89 %
 


Net Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 24
Sector # 42
S&P 500 # 605
Cumulative Net Income growth Comment
American Electric Power Co Inc showed decline, but improvement compare to trailing twelve month Net Income decrease in Sep 30 2023. If the fiscal year would end in Dec 31 2023, American Electric Power Co Inc 's annual Net Income drop would be -4.03% year on year to $2,213 millions.

In the Utilities sector 41 other companies have achieved higher trailing twelve month Net Income growth. While Net Income growth total ranking has deteriorated compare to previous quarter from 424 to 610.

Net Income TTM Q/Q Growth Statistics
High Average Low
890 %
34.97 %
-70.89 %
 


Net Income TTM Y/Y Growth Company Ranking
Within: No.
Electric Utilities Industry # 24
Utilities Sector # 42
Overall # 610

Net Income TTM Y/Y Growth Statistics
High Average Low
890 %
34.97 %
-70.89 %
 


Net Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 24
Sector # 42
S&P 500 # 605




Other Net Income Growth
Electric Utilities Industry Net Income Growth Trends and Statistics
Utilities Sector Net Income Growth Statistics
Net Income Growth Trends for overall market
AEP's Net Income Growth Ratio versus Electric Utilities Industry, Utilities Sector and total Market
Highest Ranking Net Income Growth
Lowest Ranking Net Income Growth
Net Income Growth for AEP's Competitors
Net Income Growth for American Electric Power Co Inc 's Suppliers
Net Income Growth for AEP's Customers

You may also want to know
AEP's Annual Growth Rates AEP's Profitability Ratios AEP's Asset Turnover Ratio AEP's Dividend Growth
AEP's Roe AEP's Valuation Ratios AEP's Financial Strength Ratios AEP's Dividend Payout Ratio
AEP's Roa AEP's Inventory Turnover Ratio AEP's Growth Rates AEP's Dividend Comparisons



Companies with similar Net Income drop for the quarter ending Dec 31 2023 within Utilities SectorY/Y Change %Net Income for the quarter ending Dec 31 2023
Ameren Corporation-3.05%$ -3.049 millions
Chesapeake Utilities Corporation-3.14%$ -3.143 millions
Spire Inc -6.49%$ -6.491 millions
Edison International-10.43%$ -10.426 millions
Kinder Morgan Inc -10.82%$ -10.823 millions
American Electric Power Co Inc -11.89%$ -11.894 millions
Wec Energy Group Inc -13.36%$ -13.362 millions
Nisource Inc -14.18%$ -14.179 millions
Western Midstream Partners Lp-14.28%$ -14.283 millions
Hawaiian Electric Industries Inc -14.80%$ -14.803 millions
Allete Inc -16.67%$ -16.667 millions
National Fuel Gas Company-21.61%$ -21.610 millions
Ngl Energy Partners Lp-22.41%$ -22.405 millions
Nustar Energy L p -22.51%$ -22.505 millions
New Jersey Resources Corporation-22.87%$ -22.869 millions
Idacorp Inc -25.62%$ -25.621 millions
Nextera Energy Inc-27.86%$ -27.861 millions
Public Service Enterprise Group Incorporated-30.71%$ -30.711 millions
Berkshire Hathaway Energy Company-41.45%$ -41.449 millions
Usa Compression Partners Lp-43.26%$ -43.259 millions
Sjw Group-43.43%$ -43.434 millions
Enlink Midstream Llc-48.46%$ -48.455 millions
Genesis Energy Lp-56.01%$ -56.009 millions
Brookfield Infrastructure Corporation-62.57%$ -62.569 millions
Cheniere Energy Partners L p -63.92%$ -63.919 millions
Cheniere Energy Inc -64.52%$ -64.523 millions
American States Water Company-80.85%$ -80.854 millions
Brookfield Renewable Corporation-83.35%$ -83.351 millions




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