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

AEP's Operating Income Growth by Quarter and Year

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




AEP Operating Income (in millions $) FY 2023 FY 2022 FY 2021 FY 2020
IV Quarter December 623.40 560.10 683.70 570.20
III Quarter September 1,353.30 930.10 1,107.40 943.20
II Quarter June 874.70 1,004.40 809.90 722.70
I Quarter March 704.80 988.10 810.30 751.60
FY   3,556.20 3,482.70 3,411.30 2,987.70



AEP Operating Income fourth quarter 2023 Y/Y Growth Comment
American Electric Power Co Inc achieved in the fourth quarter 2023, above Company average Operating Income increase of 11.3% year on year, to $ 623.40 millions.

Looking into fourth quarter 2023 results within Electric Utilities industry 17 other companies have achieved higher Operating Income growth. While American Electric Power Co Inc ' s Operating Income growth of 11.3% ranks overall at the positon no. 596 in the fourth quarter 2023.

Explain Operating Income growth


AEP Operating Income ( Y/Y Growth %) 2023
2022 2021 2020
IV Quarter December 11.3 % -18.08 % 19.91 % 93.48 %
III Quarter September 45.5 % -16.01 % 17.41 % -1.57 %
II Quarter June -12.91 % 24.02 % 12.07 % 31.16 %
I Quarter March -28.67 % 21.94 % 7.81 % -4.67 %
FY   2.11 % 2.09 % 14.18 % 15.25 %

Financial Statements
American Electric Power Co Inc 's fourth quarter 2023 Operating Income $ 623.40 millions AEP's Income Statement
American Electric Power Co Inc 's fourth quarter 2022 Operating Income $ 560.10 millions Quarterly AEP's Income Statement
New: More AEP's historic Operating Income Growth >>


AEP Operating Income (Quarter on Quarter Growth %)

2023
2022 2021 2020
IV Quarter December -53.93 % -39.78 % -38.26 % -39.55 %
III Quarter September 54.72 % -7.4 % 36.73 % 30.51 %
II Quarter June 24.11 % 1.65 % -0.05 % -3.85 %
I Quarter March 25.83 % 44.52 % 42.11 % 155.04 %
FY (Year on Year)   2.11 % 2.09 % 14.18 % 15.25 %




Operating Income fourth quarter 2023 Y/Y Growth Company Ranking
Within: No.
Electric Utilities Industry #18
Utilities Sector #30
Overall #596

Operating Income Y/Y Growth Statistics
High Average Low
172.29 % 6.91 % -46.53 %
(Dec 31 2013)   (Dec 31 2019)
Operating Income fourth quarter 2023 Y/Y Growth Company Ranking
Within: No.
Electric Utilities Industry #18
Utilities Sector #30
Overall #596
Operating Income Y/Y Growth Statistics
High Average Low
172.29 % 6.91 % -46.53 %
(Dec 31 2013)   (Dec 31 2019)

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

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


Operating Income Q/Q Growth Statistics
High Average Low
203.21 % 14.97 % -72.7 %
(March 31, 2013)  


AEP's IV. Quarter Q/Q Operating Income Comment
In the IV. Quarter 2023 American Electric Power Co Inc realized fall in Operating Income from the third quarter by -53.93% to $ 623.40 millions, from $ 1,353.30 millions declared in the previous reporting period.

But that's not huge concern, as IV. Quarter Operating Income always tend to dip in the IV. Quarter.

Within Electric Utilities industry 28 other companies have achieved higher Operating Income quarter on quarter growth. While American Electric Power Co Inc 's Operating Income growth quarter on quarter, overall rank is 1163.


Operating Income Q/Q Growth Company Ranking
Within: No.
Electric Utilities Industry #29
Utilities Sector #64
Overall #1163
Operating Income Q/Q Growth Company Ranking
Within: No.
Electric Utilities Industry #29
Utilities Sector #64
Overall #1163
Operating Income Q/Q Growth Statistics
High Average Low
203.21 % 14.97 % -72.7 %
(March 31, 2013)  


AEP's IV. Quarter Q/Q Operating Income Comment
In the IV. Quarter 2023 American Electric Power Co Inc disclosed fall in Operating Income from the previous quarter by -53.93% to $ 623.40 millions, from $ 1,353.30 millions achived in the previous reporting period.

If you analyse recent shortcoming in the quarter, you suppose to presume, that commonly IV. Quarter 2023 results appear to be sluggish relative to the quarter before, Dillon Neves, Electric Utilities industry expert based in Barcelona added.

Within Electric Utilities industry 28 other companies have achieved higher Operating Income quarter on quarter growth. While American Electric Power Co Inc 's Operating Income growth quarter on quarter, overall rank is 1163.


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


Operating 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 Operating Income 12 Months Ending $ 3,556.20 $ 3,492.90 $ 3,069.70 $ 3,199.40 $ 3,482.70
Y / Y Operating Income Growth (TTM) 2.11 % -3.14 % -18.87 % -10.86 % 2.09 %
Year on Year Operating Income Growth Overall Ranking # 701 # 522 # 753 # 656 # 719
Seqeuential Operating Income Change (TTM) 1.81 % 13.79 % -4.05 % -8.13 % -3.43 %
Seq. Operating Income Growth (TTM) Overall Ranking # 792 # 731 # 1082 # 1059 # 966




Cumulative Operating Income growth Comment
Although American Electric Power Co Inc 's Annual Operating Income growth year on year were below company's average 10.07% , Operating Income announced in the Dec 31 2023 period, show improvement in Operating Income trend, to cumulative trailing twelve month growth of 2.11% year on year, from -3.14% in Sep 30 2023.

In the Utilities sector 49 other companies have achieved higher trailing twelve month Operating Income growth. While Operating Income growth total ranking has deteriorated compare to previous quarter from 522 to 701.

Operating Income TTM Q/Q Growth Statistics
High Average Low
217.64 %
10.07 %
-68.41 %
 

Operating Income TTM Y/Y Growth Company Ranking
Within: No.
Electric Utilities Industry # 28
Utilities Sector # 50
Overall # 701

Operating Income TTM Y/Y Growth Statistics
High Average Low
217.64 %
10.07 %
-68.41 %
 


Operating Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 28
Sector # 59
S&P 500 # 792
Cumulative Operating Income growth Comment
Although American Electric Power Co Inc 's Annual Operating Income growth year on year were below company's average 10.07% , Operating Income announced in the Dec 31 2023 period, show improvement in Operating Income trend, to cumulative trailing twelve month growth of 2.11% year on year, from -3.14% in Sep 30 2023.

In the Utilities sector 49 other companies have achieved higher trailing twelve month Operating Income growth. While Operating Income growth total ranking has deteriorated compare to previous quarter from 522 to 701.

Operating Income TTM Q/Q Growth Statistics
High Average Low
217.64 %
10.07 %
-68.41 %
 


Operating Income TTM Y/Y Growth Company Ranking
Within: No.
Electric Utilities Industry # 28
Utilities Sector # 50
Overall # 701

Operating Income TTM Y/Y Growth Statistics
High Average Low
217.64 %
10.07 %
-68.41 %
 


Operating Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 28
Sector # 59
S&P 500 # 792




Other Operating Income Growth
Electric Utilities Industry Operating Income Growth Trends and Statistics
Utilities Sector Operating Income Growth Statistics
Operating Income Growth Trends for overall market
AEP's Operating Income Growth Ratio versus Electric Utilities Industry, Utilities Sector and total Market
Highest Ranking Operating Income Growth
Lowest Ranking Operating Income Growth
Operating Income Growth for AEP's Competitors
Operating Income Growth for American Electric Power Co Inc 's Suppliers
Operating 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 Operating Income fall for the quarter ending Dec 31 2023 within Utilities SectorY/Y Change %Operating Income for the quarter ending Dec 31 2023
American Water Works Company Inc 14.56%$ 14.559 millions
Alliant Energy Corp14.47%$ 14.465 millions
Sempra13.75%$ 13.752 millions
American Electric Power Co Inc 11.30%$ 11.302 millions
Chesapeake Utilities Corporation10.16%$ 10.158 millions
Xcel Energy Inc9.52%$ 9.524 millions
Wisconsin Public Service Corporation9.09%$ 9.091 millions
Itc Holdings Corp 8.70%$ 8.696 millions
Eversource Energy6.95%$ 6.953 millions




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