Financials American Electric Power Company, Inc.

Equities

AEP

US0255371017

Electric Utilities

Market Closed - Nasdaq Other stock markets 21:00:00 11/05/2026 BST			5-day change	1st Jan Change
130.70 ^USD	+0.41%		-2.94%	+13.35%

05-06	Hut 8 Up 30% In US Premarket As Details Contract Valued US$9.8 Billion; Reports Wider Q1 Loss, Despite Higher Revs	MT
05-06	Barclays Adjusts Price Target on American Electric Power to $136 From $135	MT

Projected Income Statement: American Electric Power Company, Inc.

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Net sales ¹	16,701	19,542	19,265	19,721	21,876	23,653	24,905	26,903
Change	-	17.01%	-1.42%	2.37%	10.93%	8.12%	5.29%	8.02%
EBITDA ¹	6,237	6,686	6,647	7,594	8,699	9,751	10,884	12,169
Change	-	7.19%	-0.58%	14.25%	14.56%	12.09%	11.63%	11.81%
EBIT ¹	3,411	3,483	3,556	4,304	5,319	6,061	6,814	7,734
Change	-	2.09%	2.11%	21.02%	23.59%	13.95%	12.44%	13.5%
Interest Paid ¹	-1,199	-1,396	-1,807	-1,863	-2,026	-2,325	-2,602	-2,985
Earnings before Tax (EBT) ¹	2,512	2,420	2,209	2,843	3,724	3,970	4,499	5,150
Change	-	-3.64%	-8.75%	28.71%	30.99%	6.62%	13.32%	14.46%
Net income ¹	2,488	2,307	2,208	2,967	3,580	3,485	3,890	4,361
Change	-	-7.27%	-4.3%	34.37%	20.66%	-2.65%	11.61%	12.12%
Announcement Date	24/02/22	23/02/23	26/02/24	13/02/25	12/02/26	-	-	-

¹USD in Million

Estimates

Fiscal Period: December	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	2027 Q4	2028 Q1
Net sales ¹	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	5,314	6,020	5,542	6,588	5,318	6,040	6,277	7,504	5,154	6,739
Change	-	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%	-11.59%	13.29%	-7.94%	18.87%	-19.28%	13.59%	3.93%	19.53%	-31.31%	30.74%
EBITDA ¹	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	1,928	2,267	2,370	2,702	2,335	2,608	-	-	-	-
Change	-	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%	-19.69%	17.57%	4.55%	13.99%	-13.57%	11.68%	-	-	-	-
EBIT ¹	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	1,114	1,360	1,359	1,732	1,285	1,552	1,675	2,041	1,557	1,950
Change	-	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%	-26.76%	22.05%	-0.06%	27.4%	-25.81%	20.82%	7.93%	21.82%	-23.71%	25.24%
Charge d'intérêts ¹	-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	-533.1	-	-519.3	-544.3	-577.5	-635.5	-674.2	-710.5	-753	-800.7
Earnings before Tax (EBT) ¹	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	699.8	922	896.1	1,254	781.6	1,059	1,103	1,430	915.2	1,243
Change	-	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%	-37.4%	31.75%	-2.81%	39.98%	-37.69%	35.44%	4.16%	29.71%	-36.01%	35.85%
Net income ¹	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	582	874	836.6	1,114	663.3	956.8	974.6	1,244	730.5	1,065
Change	-	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%	-40.12%	50.17%	-4.27%	33.11%	-40.44%	44.25%	1.86%	27.6%	-41.26%	45.74%
Announcement Date	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	12/02/26	05/05/26	-	-	-	-	-	-	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: American Electric Power Company, Inc.

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Net Debt ¹	35,445	38,906	43,015	45,301	49,020	51,370	59,066	67,966
Change	-	9.76%	10.56%	5.31%	8.21%	4.79%	14.98%	15.07%
Announcement Date	24/02/22	23/02/23	26/02/24	13/02/25	12/02/26	-	-	-

¹USD in Million

Estimates

Cash Flow Forecast: American Electric Power Company, Inc.

Fiscal Period: December	2021	2023	2024	2025	2026	2027	2028
CAPEX ¹	5,660	7,534	8,030	11,906	12,298	13,613	16,713
Change	-	-	6.59%	48.27%	3.29%	10.7%	22.77%
Free Cash Flow (FCF) ¹	-1,820	-2,521	-1,226	-4,962	-4,372	-5,547	-7,346
Change	-	-	51.38%	-304.76%	11.89%	-26.87%	-32.42%
Announcement Date	24/02/22	26/02/24	13/02/25	12/02/26	-	-	-

¹USD in Million

Estimates

Forecast Financial Ratios: American Electric Power Company, Inc.

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Profitability
EBITDA Margin (%)	37.35%	34.21%	34.5%	38.5%	39.77%	41.22%	43.7%	45.23%
EBIT Margin (%)	20.43%	17.82%	18.46%	21.82%	24.31%	25.62%	27.36%	28.75%
EBT Margin (%)	15.04%	12.39%	11.47%	14.42%	17.02%	16.79%	18.07%	19.14%
Net margin (%)	14.9%	11.81%	11.46%	15.05%	16.36%	14.73%	15.62%	16.21%
FCF margin (%)	-10.9%	-	-13.09%	-6.22%	-22.68%	-18.48%	-22.27%	-27.3%
FCF / Net Income (%)	-73.14%	-	-114.18%	-41.32%	-138.6%	-125.45%	-142.6%	-168.42%
Profitability
ROA	2.95%	-	2.87%	2.98%	2.93%	2.93%	2.94%	2.95%
ROE	11.58%	-	11.09%	11.41%	10.98%	10.4%	10.6%	10.91%
Financial Health
Leverage (Debt/EBITDA)	5.68x	5.82x	6.47x	5.97x	5.64x	5.27x	5.43x	5.59x
Debt / Free cash flow	-19.48x	-	-17.06x	-36.95x	-9.88x	-11.75x	-10.65x	-9.25x
Capital Intensity
CAPEX / Current Assets (%)	33.89%	-	39.11%	40.72%	54.42%	51.99%	54.66%	62.12%
CAPEX / EBITDA (%)	90.74%	-	113.34%	105.75%	136.87%	126.12%	125.07%	137.34%
CAPEX / FCF (%)	-311.02%	-	-298.79%	-655.05%	-239.94%	-281.28%	-245.41%	-227.52%
Items per share
Cash flow per share ¹	7.652	-	9.635	12.81	12.92	13.44	14.03	15.43
Change	-	-	-	32.91%	0.89%	4.02%	4.4%	9.98%
Dividend per Share ¹	3	-	3.37	3.57	3.74	3.891	4.016	4.197
Change	-	-	-	5.93%	4.76%	4.03%	3.22%	4.51%
Book Value Per Share ¹	44.49	-	47.98	50.56	57.57	64.57	66.41	72.24
Change	-	-	-	5.38%	13.87%	12.15%	2.86%	8.77%
EPS ¹	4.97	4.51	4.26	5.58	6.7	6.352	6.862	7.555
Change	-	-9.26%	-5.54%	30.99%	20.07%	-5.19%	8.03%	10.09%
Nbr of stocks (in thousands)	503,652	513,864	525,876	532,565	534,095	544,105	544,105	544,105
Announcement Date	24/02/22	23/02/23	26/02/24	13/02/25	12/02/26	-	-	-