American Electric Power (AEP) FY2025 10-K Annual Report

Filed: Feb 12, 2026
Utilities
Electric ServicesSEC EDGAR

American Electric Power (AEP) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Feb 12, 2026. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.

American Electric Power FY2025 10-K Analysis

Business Overview

  • Core business model: Electric power generation, transmission, and distribution across multiple subsidiaries
  • No new products, services, or segments introduced or emphasized in 2026 filing
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Management Discussion & Analysis

  • No revenue, profitability, or segment performance data provided in MD&A section
  • Key risks: economic conditions, inflation, regulation changes, natural disasters, fuel costs, capital market volatility, cybersecurity threats
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Risk Factors

  • Regulatory risk: Possible FERC and state commission disallowance of recovery of capital improvements, impacting cost recovery of investments across multiple states
  • Geopolitical/macroeconomic risk: Concentration risk in AEP Texas with 38% operating revenue from two largest REPs, vulnerable to ERCOT market and REP financial instability
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American Electric Power FY2025 Key Financial Metrics
XBRL

Revenue

$21.7B

+8.7% YoY

Net Income

$3.6B

+20.7% YoY

Operating Margin

24.5%

+296bp YoY

Net Margin

16.5%

+164bp YoY

ROE

11.5%

+49bp YoY

Total Assets

$114.5B

+11.0% YoY

EPS (Diluted)

$6.66

+19.4% YoY

Operating Cash Flow

$6.9B

+2.1% YoY

Source: XBRL data from American Electric Power FY2025 10-K filing on SEC EDGAR. All figures in USD.

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