Operations
As of August 24, 2026
Q1
Total Revenue
USD 6.02B
Divisions
Vertically Integrated Utilities
55.9%
Transmission and Distribution Utilities
26.5%
Generation & Marketing
15.5%
Other Revenues
2.1%
Key Earnings Driver: Large Load Growth
AEP’s Q1 revenue increased 10.2% year over year to $6.020B, while Commercial and Industrial sales volume across its Vertically Integrated Utilities and Transmission and Distribution Utilities increased 13.6%, driven primarily by new data processing load. AEP signed 7 GW of new load agreements during Q1, bringing incremental load commitments to 63 GW through 2030.
Key Operating Metrics¹
METRIC
STATUS
Commercial & Industrial
🟢 Scaling
Transmission
🟢 Scaling
Residential
🟡 Watch
Key Operating Metrics¹: Core operating metrics relevant to revenue, sourced from company filings for Q1, with status based on reported data.