American Electric Power (AEP) Revenue — Quarter Ended Sep 30, 2024
Revenue increased in the current quarter, marking a notable sequential gain. The improvement also held positive when measured against the same period one year earlier.
Key takeaway
Quarter ended Sep 30, 2024 · FY2024 Q3
Revenue increased in the current quarter, marking a notable sequential gain. The improvement also held positive when measured against the same period one year earlier.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$5.5B
Revenue reported for this quarter.
Quarter-over-quarter
+17.4%
Change from the immediately preceding quarter.
Year-over-year
+2.4%
Change from the comparable year-ago quarter.
Trailing four quarters
$20.3B
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 |
|---|---|---|
| Dec 31, 2023 | $5.1B | +9.0% |
| Mar 31, 2024 | $5.1B | +8.4% |
| Jun 30, 2024 | $4.7B | +6.5% |
| Sep 30, 2024 | $5.5B | +2.4% |
Revenue performance
The reported revenue direction is upward for the quarter, reflecting stronger results relative to both the immediately preceding quarter and the comparable prior-year period.
Quarterly comparison
Compared with the prior quarter, revenue rose substantially. When benchmarked against the same quarter a year ago, it also increased, though at a more moderate pace.
What to watch
Monitor whether the sequential momentum can be sustained in future periods given the mixed comparison rates.