Financials American Electric Power Company, Inc.

Equities

AEP

US0255371017

Electric Utilities

Real-time Estimate Cboe BZX Other stock markets 17:36:09 16/01/2026 GMT			5-day change	1st Jan Change
119.75 ^USD	+0.29%		+2.28%	+3.70%

01-15	Galaxy Digital Shares Rise After Receipt of Approval for Additional Computing Demand at Helios Data Center	MT
01-13	BMO Capital Adjusts American Electric Power Price Target to $123 From $126, Maintains Market Perform Rating	MT

Projected Income Statement: American Electric Power Company, Inc.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	14,942	16,701	19,542	19,265	19,721	21,532	23,375	24,833
Change	-	11.77%	17.01%	-1.42%	2.37%	9.18%	8.56%	6.24%
EBITDA ¹	5,729	6,237	6,686	6,647	7,594	8,831	9,700	10,749
Change	-	8.86%	7.19%	-0.58%	14.25%	16.3%	9.84%	10.81%
EBIT ¹	3,047	3,411	3,483	3,556	4,304	5,336	5,980	6,625
Change	-	11.97%	2.09%	2.11%	21.02%	23.98%	12.08%	10.79%
Interest Paid ¹	-1,166	-1,199	-1,396	-1,807	-1,863	-1,998	-2,232	-2,459
Earnings before Tax (EBT) ¹	2,146	2,512	2,420	2,209	2,843	3,766	4,105	4,592
Change	-	17.04%	-3.64%	-8.75%	28.71%	32.48%	9%	11.84%
Net income ¹	2,200	2,488	2,307	2,208	2,967	3,443	3,504	3,859
Change	-	13.09%	-7.27%	-4.3%	34.37%	16.03%	1.77%	10.15%
Announcement Date	25/02/21	24/02/22	23/02/23	26/02/24	13/02/25	-	-	-

¹USD in Million

Estimates

Fiscal Period: December	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4	2027 Q1	2027 Q2	2027 Q3
Net sales ¹	3,648	4,281	3,826	4,523	4,080	4,593	4,640	5,526	4,995	4,841	4,480	5,303	4,640	5,000	4,600	5,420	4,696	5,463	5,087	6,010	5,067	5,638	5,483	6,390	5,775	5,844	6,240	7,121
Change	-	17.36%	-10.62%	18.19%	-9.8%	12.58%	1.03%	19.1%	-9.61%	-3.08%	-7.46%	18.37%	-12.5%	7.75%	-8%	17.83%	-13.35%	16.33%	-6.89%	18.15%	-15.69%	11.26%	-2.74%	16.53%	-9.62%	1.19%	6.78%	14.11%
EBITDA ¹	1,248	1,501	1,508	1,707	1,521	1,658	1,807	1,978	1,346	1,716	1,694	2,108	1,404	1,960	1,506	2,204	1,924	2,118	2,252	2,401	2,031	2,399	2,339	2,670	-	-	-	-
Change	-	20.22%	0.49%	13.2%	-10.94%	9.03%	8.99%	9.46%	-31.94%	27.5%	-1.33%	24.46%	-33.37%	39.54%	-23.16%	46.38%	-12.72%	10.07%	6.36%	6.61%	-15.43%	18.13%	-2.49%	14.17%	-	-	-	-
EBIT ¹	562	804.6	800.9	1,007	798.8	865.5	1,004	930.1	560.1	940.8	951.9	1,315	623.4	1,173	683.9	1,352	1,096	1,284	1,399	1,521	1,224	1,448	1,378	1,712	1,449	1,705	1,683	1,958
Change	-	43.17%	-0.46%	25.73%	-20.68%	8.35%	16.05%	-7.4%	-39.78%	67.97%	1.18%	38.19%	-52.61%	88.1%	-41.68%	97.62%	-18.93%	17.21%	8.95%	8.74%	-19.55%	18.31%	-4.87%	24.27%	-15.35%	17.67%	-1.33%	16.38%
Charge d'intérêts ¹	-288.3	-290.2	-301.6	-303.7	-303.6	-313.4	-327.6	-360.7	-394.4	-415.7	-460	-470.3	-460.9	-435.6	-465.6	-498.8	-462.8	-494.9	-489.5	-508.5	-505.2	-518.1	-542.6	-551.1	-615.6	-651.7	-676.1	-696.4
Earnings before Tax (EBT) ¹	389.7	604.8	604.6	849.7	452.8	755.2	739.8	657	268.4	-	525.3	1,001	291.6	839.3	324	981.9	697.7	889.5	1,017	1,118	847.2	1,004	921.9	1,248	898.7	1,178	1,125	1,369
Change	-	55.2%	-0.03%	40.54%	-46.71%	66.78%	-2.04%	-11.19%	-59.15%	-	-	90.6%	-70.87%	187.83%	-61.4%	203.06%	-28.94%	27.49%	14.31%	9.94%	-24.21%	18.52%	-8.19%	35.38%	-28%	31.02%	-4.49%	21.7%
Net income ¹	435.5	575	578.2	796	538.9	714.7	524.5	683.7	384.3	397	521.2	953.7	336.2	1,003	340.3	959.6	664.1	800.2	1,226	972	542.3	849.8	813.8	1,062	687.4	957	963.9	1,184
Change	-	32.03%	0.56%	37.67%	-32.3%	32.62%	-26.61%	30.35%	-43.79%	3.3%	31.28%	82.98%	-64.75%	198.36%	-66.08%	181.99%	-30.79%	20.49%	53.19%	-20.7%	-44.21%	56.7%	-4.23%	30.52%	-35.29%	39.22%	0.72%	22.88%
Announcement Date	25/02/21	22/04/21	22/07/21	28/10/21	24/02/22	28/04/22	27/07/22	27/10/22	23/02/23	04/05/23	27/07/23	02/11/23	26/02/24	30/04/24	30/07/24	06/11/24	13/02/25	06/05/25	30/07/25	29/10/25	-	-	-	-	-	-	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: American Electric Power Company, Inc.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	33,159	35,445	38,906	43,015	45,301	47,094	50,832	58,558
Change	-	6.89%	9.76%	10.56%	5.31%	3.96%	7.94%	15.2%
Announcement Date	25/02/21	24/02/22	23/02/23	26/02/24	13/02/25	-	-	-

¹USD in Million

Estimates

Cash Flow Forecast: American Electric Power Company, Inc.

Fiscal Period: December	2020	2021	2023	2024	2025	2026	2027
CAPEX ¹	6,246	5,660	7,534	8,030	11,862	11,851	13,107
Change	-	-9.39%	-	6.59%	47.72%	-0.09%	10.6%
Free Cash Flow (FCF) ¹	-2,413	-1,820	-2,521	-1,226	-2,645	-4,183	-4,835
Change	-	24.6%	-	51.38%	-115.77%	-58.12%	-15.61%
Announcement Date	25/02/21	24/02/22	26/02/24	13/02/25	-	-	-

¹USD in Million

Estimates

Forecast Financial Ratios: American Electric Power Company, Inc.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	38.34%	37.35%	34.21%	34.5%	38.5%	41.01%	41.5%	43.29%
EBIT Margin (%)	20.39%	20.43%	17.82%	18.46%	21.82%	24.78%	25.58%	26.68%
EBT Margin (%)	14.36%	15.04%	12.39%	11.47%	14.42%	17.49%	17.56%	18.49%
Net margin (%)	14.72%	14.9%	11.81%	11.46%	15.05%	15.99%	14.99%	15.54%
FCF margin (%)	-16.15%	-10.9%	-	-13.09%	-6.22%	-12.28%	-17.89%	-19.47%
FCF / Net Income (%)	-109.7%	-73.14%	-	-114.18%	-41.32%	-76.83%	-119.38%	-125.29%
Profitability
ROA	2.81%	2.95%	-	2.87%	2.98%	2.92%	3%	3.04%
ROE	10.94%	11.58%	-	11.09%	11.41%	11.07%	10.89%	11.13%
Financial Health
Leverage (Debt/EBITDA)	5.79x	5.68x	5.82x	6.47x	5.97x	5.33x	5.24x	5.45x
Debt / Free cash flow	-13.74x	-19.48x	-	-17.06x	-36.95x	-17.8x	-12.15x	-12.11x
Capital Intensity
CAPEX / Current Assets (%)	41.8%	33.89%	-	39.11%	40.72%	55.09%	50.7%	52.78%
CAPEX / EBITDA (%)	109.02%	90.74%	-	113.34%	105.75%	134.32%	122.17%	121.94%
CAPEX / FCF (%)	-258.82%	-311.02%	-	-298.79%	-655.05%	-448.46%	-283.35%	-271.06%
Items per share
Cash flow per share ¹	7.732	7.652	-	9.635	12.81	13.2	13.71	14.28
Change	-	-1.03%	-	-	32.91%	3.04%	3.88%	4.18%
Dividend per Share ¹	2.84	3	-	3.37	3.57	3.747	3.892	4.078
Change	-	5.63%	-	-	5.93%	4.96%	3.88%	4.76%
Book Value Per Share ¹	41.38	44.49	-	47.98	50.56	55.5	60.17	62.66
Change	-	7.51%	-	-	5.38%	9.77%	8.43%	4.13%
EPS ¹	4.44	4.97	4.51	4.26	5.58	6.185	6.332	6.842
Change	-	11.94%	-9.26%	-5.54%	30.99%	10.84%	2.38%	8.05%
Nbr of stocks (in thousands)	496,390	503,652	513,864	525,876	532,565	534,095	534,095	534,095
Announcement Date	25/02/21	24/02/22	23/02/23	26/02/24	13/02/25	-	-	-