Filing Flows › American Electric Power (AEP) › Q2 2026
American Electric Power (AEP) Q2 2026 earnings results (second quarter 2026)
10-Q filed Jul 30, 2026
American Electric Power (AEP) reported revenue of $5.4B for the second quarter 2026 (Q2 2026), +7% from a year earlier and -10% from the quarter before. Operating margin was 22.9%, net earnings $713M (13.1% of revenue).
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 follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $5.4B | -10% | +7% |
| Operating profit | $1.2B | -8% | -11% |
| Net earnings | $713M | -18% | -42% |
| Operating cash flow | $1.9B | +25% | +56% |
What changed
Revenue was $5.4B in Q2 2026, up 7% year over year and down 10% from the previous quarter. Commercial Revenues was the largest line at 24% of revenue. Commercial Revenues added $0.15B year over year (up 13%), 43% of the total change. Other Retail Revenues declined 3%.
Operating profit was $1.2B, a 22.9% margin (down 4.6 points year over year). Operating profit fell $0.15B even though revenue rose $0.36B versus Q2 2025, so costs grew faster than sales. Total costs grew 14% against revenue growth of 7%. The fastest-growing cost line was Other operating costs (+21%). Net earnings were $0.71B, down 42% year over year. The effective tax rate was 6.5%.
Operating cash flow was $1.9B (up 56% year over year), 255% of net income including minority interests. Working capital and other items added $1.2B. Capital expenditures of $2.8B exceeded it, leaving free cash flow of −$0.87B.
Questions
What was American Electric Power's revenue in the second quarter 2026?
American Electric Power (AEP) reported revenue of $5.4B for the second quarter 2026 (Q2 2026), +7% from a year earlier and -10% from the quarter before.
Was American Electric Power profitable in the second quarter 2026?
Operating profit was $1.2B (22.9% of revenue) and net earnings $713M.