American Electric Power (AEP) Revenue — Quarter Ended Mar 31, 2023
Revenue for the quarter increased compared to both the prior quarter and the same quarter last year. The sequential gain was modest, while the year-over-year rise was slightly larger.
Key takeaway
Quarter ended Mar 31, 2023 · FY2023 Q1
Revenue for the quarter increased compared to both the prior quarter and the same quarter last year. The sequential gain was modest, while the year-over-year rise was slightly larger.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$4.7B
Revenue reported for this quarter.
Quarter-over-quarter
+1.2%
Change from the immediately preceding quarter.
Year-over-year
+2.1%
Change from the comparable year-ago quarter.
Trailing four quarters
$19.5B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2022 | $4.6B | +21.3% |
| Sep 30, 2022 | $5.5B | +19.5% |
| Dec 31, 2022 | $4.6B | +14.1% |
| Mar 31, 2023 | $4.7B | +2.1% |
Revenue performance
Reported revenue moved higher, continuing the upward trajectory seen in the trailing twelve months.
Quarterly comparison
Revenue rose from the immediately preceding quarter and also increased compared with the same quarter one year earlier.
What to watch
The sequential revenue growth rate was lower than the year-over-year rate, suggesting a potential moderation in momentum.