American Electric Power (AEP) Revenue — Quarter Ended Jun 30, 2023
Revenue for the quarter declined compared to both the prior quarter and the same period a year ago. This marks the first decrease after consecutive quarterly gains.
Key takeaway
Quarter ended Jun 30, 2023 · FY2023 Q2
Revenue for the quarter declined compared to both the prior quarter and the same period a year ago. This marks the first decrease after consecutive quarterly gains.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$4.4B
Revenue reported for this quarter.
Quarter-over-quarter
-6.8%
Change from the immediately preceding quarter.
Year-over-year
-5.8%
Change from the comparable year-ago quarter.
Trailing four quarters
$19.2B
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 |
|---|---|---|
| Sep 30, 2022 | $5.5B | +19.5% |
| Dec 31, 2022 | $4.6B | +14.1% |
| Mar 31, 2023 | $4.7B | +2.1% |
| Jun 30, 2023 | $4.4B | -5.8% |
Revenue performance
Revenue was lower than the preceding quarter, continuing a reversal from the growth trend seen in earlier periods.
Quarterly comparison
Compared to the same quarter last year, revenue also decreased. The prior quarter had shown an increase from the quarter before that.
What to watch
Monitor whether revenue stabilizes or further declines in the upcoming quarters after this drop.