Filing Flows › American Electric Power (AEP) › Q1 2025
American Electric Power (AEP) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 6, 2025
American Electric Power (AEP) reported revenue of $5.5B for the first quarter 2025 (Q1 2025), +9% from a year earlier and +16% from the quarter before. Operating margin was 23.5%, net earnings $802M (14.7% of revenue).
American Electric Power, Q1 2025: revenue $5.5B (+9% year over year), operating margin 23.5%, net earnings $802M, operating cash flow $1.4B. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $5.5B | +16% | +9% |
| Operating profit | $1.3B | +17% | +10% |
| Net earnings | $802M | +20% | -20% |
| Operating cash flow | $1.4B | -16% | +0.5% |
What changed
Revenue was $5.5B in Q1 2025, up 9% year over year and up 16% from the previous quarter. Wholesale and Competitive Retail Revenues: was the largest line at 29% of revenue. Wholesale and Competitive Retail Revenues: added $0.40B year over year (up 35%), 92% of the total change. Industrial Revenues declined 5%.
Operating profit was $1.3B, a 23.5% margin (up 0.2 points year over year). Of the extra revenue versus a year earlier, 25% reached operating profit, above the 23% margin then. Total costs grew 8% against revenue growth of 9%. The fastest-growing cost line was Cost of revenue (+18%). Net earnings were $0.80B, down 20% year over year. The effective tax rate was 13.5%.
Operating cash flow was $1.4B (up 1% year over year), 181% of net earnings. Working capital and other items added $0.65B. Capital expenditures of $2.1B exceeded it, leaving free cash flow of −$0.65B.
Questions
What was American Electric Power's revenue in the first quarter 2025?
American Electric Power (AEP) reported revenue of $5.5B for the first quarter 2025 (Q1 2025), +9% from a year earlier and +16% from the quarter before.
Was American Electric Power profitable in the first quarter 2025?
Operating profit was $1.3B (23.5% of revenue) and net earnings $802M.