American Electric Power (AEP) Revenue — Quarter Ended Dec 31, 2023
Revenue for the quarter declined from the immediately preceding period but rose compared with the same quarter one year earlier. The sequential drop contrasted with the year-over-year gain, reflecting a mixed quarterly performance.
Key takeaway
Quarter ended Dec 31, 2023 · FY2023 Q4
Revenue for the quarter declined from the immediately preceding period but rose compared with the same quarter one year earlier. The sequential drop contrasted with the year-over-year gain, reflecting a mixed quarterly performance.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$5.1B
Revenue reported for this quarter.
Quarter-over-quarter
-5.4%
Change from the immediately preceding quarter.
Year-over-year
+9.0%
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 |
|---|---|---|
| Mar 31, 2023 | $4.7B | +2.1% |
| Jun 30, 2023 | $4.4B | -5.8% |
| Sep 30, 2023 | $5.3B | -3.3% |
| Dec 31, 2023 | $5.1B | +9.0% |
Revenue performance
Revenue in the latest quarter decreased from the prior quarter, reversing the sequential increase seen in the previous period.
Quarterly comparison
Compared with the immediately preceding quarter, revenue was lower. However, when measured against the same quarter one year earlier, revenue was higher.
What to watch
The sequential decline in revenue, despite a year-over-year increase, may warrant attention to underlying quarterly trends.