American Electric Power
0HEC.L
$114.95 -1.30%
Exchange: LSE | Sector: Utilities | Industry: General Utilities
Q2 2024
Published: Jul 30, 2024

Earnings Highlights

  • Revenue of $4.58B up 4.7% year-over-year
  • EPS of $0.64 decreased by 36.6% from previous year
  • Gross margin of 62.4%
  • Net income of 340.30M
  • ""Maintaining profitability in a higher cost environment is our current challenge, and we are actively pursuing measures to address these pressures."" - CEO
0HEC.L
American Electric Power Company Inc

Executive Summary

In the second quarter of 2024, American Electric Power Company Inc reported a revenue of $4.579 billion, reflecting a solid year-over-year increase of 4.73%. However, this marked an 8.88% decline compared to the previous quarter, driven primarily by seasonal fluctuations and increased operational costs. Notably, net income fell sharply by 34.71% year-over-year to $340.3 million and exhibited a staggering 66.08% decline from the first quarter of 2024. This downturn in profitability highlights challenges faced by AEP amid rising operational expenses and interest costs, which prompted management to revise their guidance cautiously. Overall, while the company maintains a strong revenue position, ongoing operational pressures demand close scrutiny from investors.

Key Performance Indicators

Revenue
Increasing
4.58B
QoQ: -8.88% | YoY: 4.73%
Gross Profit
Increasing
2.86B
62.44% margin
QoQ: -8.72% | YoY: 9.64%
Operating Income
Decreasing
683.90M
QoQ: -41.68% | YoY: -21.81%
Net Income
Decreasing
340.30M
QoQ: -66.08% | YoY: -34.71%
EPS
Decreasing
0.64
QoQ: -66.49% | YoY: -36.63%

Revenue Trend

Margin Analysis

Historical Earnings Comparison

PeriodRevenue ($M)EPS ($)YoY GrowthReport
Q2 2025 5,086.90 2.29 +11.1% View
Q1 2025 5,463.40 1.50 +8.7% View
Q4 2024 4,696.30 1.25 +2.6% View
Q3 2024 5,420.10 1.80 +1.5% View
Q2 2024 4,579.20 0.64 +4.7% View