Filing Flows › American Electric Power (AEP) › Q2 2025
American Electric Power (AEP) Q2 2025 earnings results (second quarter 2025)
10-Q filed Jul 30, 2025
American Electric Power (AEP) reported revenue of $5.1B for the second quarter 2025 (Q2 2025), +11% from a year earlier and -7% from the quarter before. Operating margin was 27.5%, net earnings $1.2B (24.1% of revenue).
American Electric Power, Q2 2025: revenue $5.1B (+11% year over year), operating margin 27.5%, net earnings $1.2B, operating cash flow $1.2B. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $5.1B | -7% | +11% |
| Operating profit | $1.4B | +9% | +105% |
| Net earnings | $1.2B | +53% | +260% |
| Operating cash flow | $1.2B | -16% | -16% |
What changed
Revenue was $5.1B in Q2 2025, up 11% year over year and down 7% from the previous quarter. Wholesale and Competitive Retail Revenues: was the largest line at 24% of revenue. Wholesale and Competitive Retail Revenues: added $0.16B year over year (up 15%), 31% of the total change.
Operating profit was $1.4B, a 27.5% margin (up 12.6 points year over year). Of the extra revenue versus a year earlier, 141% reached operating profit, above the 15% margin then. Total costs fell 5% while revenue rose 11%. The fastest-growing cost line was Cost of revenue (+13%). Net earnings were $1.2B, up 260% year over year. The effective tax rate was -24.2%.
Operating cash flow was $1.2B (down 16% year over year), 95% of net income including minority interests. Working capital and other items used $0.07B. Capital expenditures of $1.9B exceeded it, leaving free cash flow of −$0.70B.
Questions
What was American Electric Power's revenue in the second quarter 2025?
American Electric Power (AEP) reported revenue of $5.1B for the second quarter 2025 (Q2 2025), +11% from a year earlier and -7% from the quarter before.
Was American Electric Power profitable in the second quarter 2025?
Operating profit was $1.4B (27.5% of revenue) and net earnings $1.2B.