American Electric Power
0HEC.L
$115.10 -1.17%
Exchange: LSE | Sector: Utilities | Industry: General Utilities
Q3 2024
Published: Nov 6, 2024

Earnings Highlights

  • Revenue of $5.42B up 1.5% year-over-year
  • EPS of $1.80 decreased by 1.6% from previous year
  • Gross margin of 63.0%
  • Net income of 959.60M
  • ""Our commitment to sustainability is not just about compliance but about leading the industry in innovation and efficiency."" - CEO
0HEC.L
American Electric Power Company Inc

Executive Summary

American Electric Power Company Inc (AEP) reported strong financial results for Q3 2024, highlighted by a revenue increase of 1.47% year-over-year to $5.42 billion and a significant quarter-over-quarter growth of 18.36%. The company's net income rose to $959.6 million, reflecting a year-over-year improvement of 0.62% and a remarkable 181.99% increase compared to the previous quarter. This performance is attributed to improvements in operational efficiency and cost management, despite rising interest expenses that reached $498.8 million. AEP's EBITDA margin also saw resilience, standing at approximately 43%. Management emphasized the company's focus on sustainable energy investments which will drive long-term growth and stability for shareholders.

Key Performance Indicators

Revenue
Increasing
5.42B
QoQ: 18.36% | YoY: 1.47%
Gross Profit
Increasing
3.42B
63.05% margin
QoQ: 19.52% | YoY: 4.84%
Operating Income
Decreasing
1.35B
QoQ: 97.62% | YoY: -0.13%
Net Income
Increasing
959.60M
QoQ: 181.99% | YoY: 0.62%
EPS
Decreasing
1.80
QoQ: 181.25% | YoY: -1.64%

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