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Filing Flows › American Electric Power (AEP) › Q2 2026 › vs Q1 2026

American Electric Power (AEP) Q2 2026 vs Q1 2026 (quarter over quarter)

American Electric Power's revenue fell $575M (-10%) from $6.0B in Q1 2026 to $5.4B in Q2 2026. Operating margin 22.9% against 22.6% (+0.3 pts).

American Electric Power, Q2 2026: revenue $5.4B (+7% year over year), operating margin 22.9%, net earnings $713M, operating cash flow $1.9B. The chart draws each line against Q1 2026, the increases inside each band.

American Electric Power: what changed, Q2 2026 vs Q1 2026American Electric Power: what changed, Q2 2026 vs Q1 2026Working capital & other$544MCost of revenue−$515MCosts & expenses−$462MNegative free cash flow (OCF …−$437MOperating cash flow$383MNet earnings−$161MPre-tax earnings−$148MOperating profit−$113MCapital expenditures−$54.0MOther operating costs$53.0M

Margins

Q2 2026Q1 2026Change
Operating margin22.9%22.6%+0.3 pts
Net margin13.1%14.5%-1.4 pts

Every line

LineQ2 2026Q1 2026Change%
Revenue$5.4B$6.0B−$575M-10%
Operating profit$1.2B$1.4B−$113M-8%
Costs & expenses$4.2B$4.7B−$462M-10%
Pre-tax earnings$799M$947M−$148M-16%
Other expense, net$448M$413M$35.0M+8%
Cost of revenue$1.6B$2.1B−$515M-24%
Other operating costs$2.6B$2.5B$53.0M+2%
Net earnings$713M$874M−$161M-18%
Minority interests$34.0M$29.0M$5.0M+17%
Income tax$52.0M$44.0M$8.0M+18%
Working capital & other$1.2B$645M$544M+84%
Operating cash flow$1.9B$1.5B$383M+25%
Capital expenditures$2.8B$2.8B−$54.0M-2%
Negative free cash flow (OCF − capex)$874M$1.3B−$437M-33%

Questions

How much did American Electric Power's revenue grow quarter over quarter in Q2 2026?

American Electric Power's revenue fell $575M (-10%) from $6.0B in Q1 2026 to $5.4B in Q2 2026. Operating margin 22.9% against 22.6% (+0.3 pts).

Q2 2026 results → · Compare in the interactive Sankey →