08/15/2025

AEP Reports Record Quarterly Profits as Ohioans' Electric Bills Surge

The company reported Q2 GAAP earnings of $1.2 billion

American Electric Power announced record profits for the second quarter of 2025 at the same time customers are being asked to pay more due to increasing electricity demand.

The company reported Q2 Generally Accepted Accounting Principles earnings of $1.2 billion ($2.29 per share), which is up from $340 million ($0.64 per share) in Q2 of 2024.

"Our record second-quarter results reflect the strength of our customer-focused strategy and the dedication of our teams across the company," Bill Fehrman, AEP president and CEO, said in a statement.

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