How does AEP make money?
The breakdown. AEP's main business is its collection of vertically integrated utilities, which make up around 65% of its rate base. Transmission and distribution utilities make up around 25% of the rate base, and the company's AEP Transmission Holding Company accounts for the remainder.
Is AEP profitable?
Year-end 2023 GAAP earnings were $2.2 billion or $4.26 per share, compared with GAAP earnings of $2.3 billion or $4.51 per share for year-end 2022. Year-end 2023 operating earnings were $2.7 billion or $5.25 per share, compared with operating earnings of $2.6 billion or $5.09 per share for year-end 2022.
Where does AEP get its electricity?
The company invests approximately 66% of its electricity generation CapEx to low-carbon technologies. It also undertook a scenario analysis that informed its decision in 2021 to increase its target ambition. However, 80% of AEP's electricity generation capacity in 2020 was still derived from coal and gas.
How much does the CEO of AEP make a year?
American Electric Power Company's CEO is Julie Sloat, appointed in Aug 2022, has a tenure of 1.08 years. total yearly compensation is $5.82M, comprised of 13.4% salary and 86.6% bonuses, including company stock and options.
What is the revenue of AEP Energy?
American Electric Power annual revenue for 2023 was $18.982B, a 3.35% decline from 2022. American Electric Power annual revenue for 2022 was $19.64B, a 16.96% increase from 2021. American Electric Power annual revenue for 2021 was $16.792B, a 12.56% increase from 2020.
How much profit did AEP make last year?
American Electric Power gross profit for the twelve months ending December 31, 2023 was $12.404B, a 1.1% decline year-over-year. American Electric Power annual gross profit for 2023 was $12.404B, a 1.1% decline from 2022. American Electric Power annual gross profit for 2022 was $12.542B, a 10.74% increase from 2021.
How much debt does AEP have?
American Electric Power long term debt for 2023 was $37.653B, a 9.73% increase from 2022. American Electric Power long term debt for 2022 was $34.315B, a 9.63% increase from 2021. American Electric Power long term debt for 2021 was $31.301B, a 7.98% increase from 2020.
Who is the parent company of AEP?
In short, we are your trusted energy supplier. AEP Energy is a certified competitive retail supplier, and a subsidiary of our parent company, American Electric Power.
Is AEP a good stock to buy?
American Electric Power's analyst rating consensus is a Moderate Buy. This is based on the ratings of 11 Wall Streets Analysts.
Why is AEP selling renewables?
“This sale is part of our strategy to streamline and de-risk the business and focus on our regulated operations,” said Julie Sloat, AEP president and chief executive officer. “Over the next five years, we plan to invest nearly $40 billion primarily in our regulated wires and generation businesses.
Is AEP in the Fortune 500?
AEP's headquarters are in Columbus, Ohio. American Electric Power was the first utility to utilize 345 kV transmission lines which took place in 1953. The company ranked 185th on the 2018 Fortune 500 of the largest United States corporations by revenue.
Is AEP a big company?
As one of the largest electric energy companies in the U.S., we power millions of homes and businesses.
What is the highest salary in power plant?
Highest salary that a Power Plant Operator can earn is ₹24.0 Lakhs per year (₹2.0L per month).
What is the largest energy company by revenue?
| # | Name | Revenue |
|---|---|---|
| 1 | Saudi Aramco 12222.SR | $495.34 B |
| 2 | Sinopec 2600028.SS | $473.53 B |
| 3 | PetroChina 3601857.SS | $424.78 B |
| 4 | Exxon Mobil 4XOM | $334.69 B |
Is AEP renewable?
Growing our renewable generation portfolio to approximately 50% of our total capacity by 2033. Adding nearly 14,000 megawatts of regulated wind and solar through 2033. Investing $9.4 billion in renewables through 2028.
What is the largest energy company revenue?
| Company | Revenue in 2021 (TTM) in Billions | |
|---|---|---|
| 1 | PetroChina | $374.91 |
| 2 | Sinopec | $352.80 |
| 3 | Saudi Aramco | $328.53 |
| 4 | ExxonMobil | $241.12 |
What is the yield of AEP?
AEP pays a dividend of $0.88 per share. AEP's annual dividend yield is 4.3%. When is American Electric Power ex-dividend date? American Electric Power's previous ex-dividend date was on Feb 08, 2024.
What is the market size of AEP?
Market cap: $44.33 Billion
As of April 2024 American Electric Power has a market cap of $44.33 Billion.
How long has AEP been paying dividends?
10, 2023. This is the company's 454th consecutive quarterly cash dividend. AEP has paid a cash dividend on its common stock every quarter since July 1910.
Who owns the largest debt in us?
U.S. Treasury Securities Holders by Type
The largest holder of U.S. debt is the U.S government. Which agencies own the most Treasury notes, bills, and bonds? Social Security, by a long shot. The U.S. Treasury publishes this information in its monthly Treasury statement.
Who is the largest holder of US government debt?
Foreign holders of United States treasury debt
Of the total held by foreign countries, Japan and Mainland China held the greatest portions, with China holding 797.7 billion U.S. dollars in U.S. securities. Other foreign holders included oil exporting countries and Caribbean banking centers.
Does AEP use coal?
Since 1951, AEP has been a pioneer in many of the utilizations of coal ash in the construction of its own power plants.
Where is AEP headquartered?
AEP's headquarters are in Columbus, Ohio.
Who is the new CEO of AEP?
Benjamin Fowke is the interim chief executive officer and president of AEP. He has been a member of AEP's Board since February 2022. Previously, Fowke was chairman and CEO of Xcel for more than a decade until his retirement as CEO in August 2021. He remained executive chairman of the Xcel Board until December 2021.
Who is buying Kentucky Power from AEP?
On April 17, 2023, AEP and Liberty, a subsidiary of Algonquin Power & Utilities Corp., agreed to terminate the previously announced transaction under which AEP would sell its Kentucky operations to Liberty. Kentucky Power's distribution and transmission operations will remain AEP companies.
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