American Electric Power (AEP) Revenue — Quarter Ended Mar 31, 2024
Revenue for the reporting quarter increased compared to the prior quarter and rose significantly compared to the same quarter a year ago. The company's trailing twelve-month revenue reflects sustained growth over the period.
Key takeaway
Quarter ended Mar 31, 2024 · FY2024 Q1
Revenue for the reporting quarter increased compared to the prior quarter and rose significantly compared to the same quarter a year ago. The company's trailing twelve-month revenue reflects sustained growth over the period.
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
+0.7%
Change from the immediately preceding quarter.
Year-over-year
+8.4%
Change from the comparable year-ago quarter.
Trailing four quarters
$19.9B
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, 2023 | $4.4B | -5.8% |
| Sep 30, 2023 | $5.3B | -3.3% |
| Dec 31, 2023 | $5.1B | +9.0% |
| Mar 31, 2024 | $5.1B | +8.4% |
Revenue performance
The reported revenue was higher than in the immediately preceding quarter and showed a notable increase from the same quarter one year earlier.
Quarterly comparison
Compared to the prior quarter, revenue improved. On a year-over-year basis, revenue was also up, continuing a pattern of growth seen in recent quarters.
What to watch
The company's debt-to-total capital ratio declined slightly, primarily due to higher earnings, while debt increased to support investment growth and working capital needs.