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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
REVENUES    
TOTAL REVENUES $ 6,020 $ 5,463
EXPENSES    
Purchased Electricity, Fuel and Other Consumables Used for Electric Generation 2,118 1,853
Other Operation 750 752
Maintenance 411 319
Asset Impairments and Other Related Charges 31 0
Depreciation and Amortization 907 833
Taxes Other Than Income Taxes 443 422
TOTAL EXPENSES 4,660 4,179
OPERATING INCOME 1,360 1,284
Other Income (Expense):    
Other Income 6 8
Allowance for Equity Funds Used During Construction 70 57
Non-Service Cost Components of Net Periodic Benefit Cost 38 35
Interest Expense (552) (495)
INCOME (LOSS) BEFORE INCOME TAX EXPENSE (BENEFIT) 922 889
Income Tax Expense 44 125
Equity Earnings of Unconsolidated Subsidiaries 25 38
NET INCOME 903 802
Net Income Attributable to Noncontrolling Interests 29 2
EARNINGS ATTRIBUTABLE TO AEP COMMON SHAREHOLDERS, Basic 874 800
EARNINGS ATTRIBUTABLE TO AEP COMMON SHAREHOLDERS, Diluted $ 874 $ 800
WEIGHTED AVERAGE NUMBER OF BASIC AEP COMMON SHARES OUTSTANDING (in shares) 542,079,269 533,391,487
TOTAL BASIC EARNINGS PER SHARE ATTRIBUTABLE TO AEP COMMON SHAREHOLDERS (in dollars per share) $ 1.61 $ 1.50
WEIGHTED AVERAGE NUMBER OF DILUTED AEP COMMON SHARES OUTSTANDING (in shares) 547,054,104 534,663,493
TOTAL DILUTED EARNINGS PER SHARE ATTRIBUTABLE TO AEP COMMON SHAREHOLDERS (in dollars per share) $ 1.60 $ 1.50
Vertically Integrated Utilities    
REVENUES    
TOTAL REVENUES $ 3,365 $ 3,086
Transmission and Distribution Utilities    
REVENUES    
TOTAL REVENUES 1,594 1,515
Generation & Marketing    
REVENUES    
TOTAL REVENUES 931 730
Other Revenues    
REVENUES    
TOTAL REVENUES $ 130 $ 132