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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
REVENUES      
TOTAL REVENUES $ 21,876 $ 19,721 $ 18,982
EXPENSES      
Purchased Electricity, Fuel and Other Consumables Used for Electric Generation 7,031 5,936 6,578
Other Operation 2,950 3,127 2,811
Maintenance 1,499 1,325 1,276
Asset Impairments and Other Related Charges 66 143 86
Loss on the Sale of the Competitive Contracted Renewables Portfolio 0 0 93
Depreciation and Amortization 3,380 3,290 3,090
Taxes Other Than Income Taxes 1,631 1,596 1,492
TOTAL EXPENSES 16,557 15,417 15,426
OPERATING INCOME 5,319 4,304 3,556
Other Income (Expense):      
Other Income 48 65 64
Allowance for Equity Funds Used During Construction 245 211 175
Non-Service Cost Components of Net Periodic Benefit Cost 138 126 221
Interest Expense (2,026) (1,863) (1,807)
INCOME BEFORE INCOME TAX EXPENSE (BENEFIT) AND EQUITY EARNINGS 3,724 2,843 2,209
Income Tax Expense 129 (39) 55
Equity Earnings of Unconsolidated Subsidiaries 101 94 59
NET INCOME 3,696 2,976 2,213
Net Income Attributable to Noncontrolling Interests 116 9 5
EARNINGS ATTRIBUTABLE TO AEP MEMBER, Basic 3,580 2,967 2,208
EARNINGS ATTRIBUTABLE TO AEP MEMBER, Diluted $ 3,580 $ 2,967 $ 2,208
WEIGHTED AVERAGE NUMBER OF BASIC AEP COMMON SHARES OUTSTANDING (in shares) 534,535,444 530,092,672 518,903,682
TOTAL BASIC EARNINGS PER SHARE ATTRIBUTABLE TO AEP COMMON SHAREHOLDERS (in USD per share) $ 6.70 $ 5.60 $ 4.26
WEIGHTED AVERAGE NUMBER OF DILUTED AEP COMMON SHARES OUTSTANDING (in shares) 537,467,865 531,337,703 520,206,258
TOTAL DILUTED EARNINGS PER SHARE ATTRIBUTABLE TO AEP COMMON SHAREHOLDERS (in USD per share) $ 6.66 $ 5.58 $ 4.24
Vertically Integrated Utilities Revenues      
REVENUES      
TOTAL REVENUES $ 12,556 $ 11,414 $ 11,304
Transmission and Distribution Utilities      
REVENUES      
TOTAL REVENUES 6,097 5,880 5,677
Generation & Marketing      
REVENUES      
TOTAL REVENUES 2,697 1,945 1,543
Other Revenues      
REVENUES      
TOTAL REVENUES $ 526 $ 482 $ 458