AEP NASDAQ
American Electric Power Company, Inc.
1W: +3.6%
1M: +9.2%
3M: -2.1%
YTD: +12.5%
1Y: +12.1%
3Y: +89.1%
5Y: +82.2%
$130.30
+1.08 (+0.84%)
After Hours: $130.34 (+0.04, +0.03%)
Weekly Expected Move ±2.6%
$123
$126
$130
$133
$136
Credit Risk of going bust: lower than 77% of companies Debt: 43.2% of company value Bonds: $1.15B held by 810 funds, 81 bp over Treasuries → details ▾
Of US companies ranked in the safest four tenths, about 1 in 3,500 filed for bankruptcy within a year (2020-2025).
If the stock fell to about $4.12 (down 97%), American Electric Power Company, Inc. would be worth roughly what it owes.
Total debt $53.50B against a stock market value of $70.35B.
Distance to default 9.04 (Merton model): prices to 2026-10-26, balance sheet 2026-06-30, debt counted $28.84B (short-term plus half of long-term), stock volatility 19.4%; Altman Z'' 0.71. A ranking and a back-test, not a forecast.
Bond figures are fund-reported marks (SEC N-PORT) as of Jul 2026. How these are computed.
If the stock fell to about $4.12 (down 97%), American Electric Power Company, Inc. would be worth roughly what it owes.
Total debt $53.50B against a stock market value of $70.35B.
Distance to default 9.04 (Merton model): prices to 2026-10-26, balance sheet 2026-06-30, debt counted $28.84B (short-term plus half of long-term), stock volatility 19.4%; Altman Z'' 0.71. A ranking and a back-test, not a forecast.
Bond figures are fund-reported marks (SEC N-PORT) as of Jul 2026. How these are computed.
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Operating Cash Flow
$6.9B
+2.1% ▲
5Y CAGR: +12.6%
Capital Expenditures
$130M
+7.1% ▲
5Y CAGR: -54.0%
Free Cash Flow
$6.8B
+2.2% ▲
Dividends Paid
$2.0B
-5.5% ▼
Buybacks
$0
+0.0% ▲
Net Change in Cash
$22M
+116.5% ▲
Cash Flow Composition
Year-over-Year Growth
View Full Cash Flow Statement
| Line Item | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| — Operating Activities — | |||||
| Net Income | $2.5B | $2.3B | $2.2B | $3.0B | $3.6B |
| Depreciation & Amort. | $3.0B | $3.3B | $3.2B | $3.4B | $3.5B |
| Stock-Based Comp. | $0 | $63M | $0 | $0 | $0 |
| Change in Working Capital | -$77M | -$238M | -$704M | $510M | $341M |
| Other Non-Cash Items | -$1.7B | $50M | $177M | -$133M | -$777M |
| Operating Cash Flow | $3.8B | $5.3B | $5.0B | $6.8B | $6.9B |
| — Investing Activities — | |||||
| Capital Expenditures | -$5.8B | -$6.8B | -$7.5B | -$140M | -$8.6B |
| Acquisitions (Net) | -$767M | -$1.2B | $0 | $0 | -$607M |
| Investment Purchases | -$2.0B | -$2.8B | -$2.9B | -$2.9B | -$3.0B |
| Investment Sales | $1.9B | $2.7B | $2.8B | $3.0B | $2.9B |
| Other Investing | $151M | $268M | $1.3B | -$7.5B | $118M |
| Investing Cash Flow | -$6.4B | -$7.8B | -$6.3B | -$7.6B | -$9.1B |
| — Financing Activities — | |||||
| Net Debt Issuance | $3.6B | $3.5B | $1.9B | $2.1B | $3.5B |
| Stock Repurchased | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | -$1.5B | -$1.6B | -$1.8B | -$1.9B | -$2.0B |
| Other Financing | -$42M | -$105M | -$79M | -$50M | -$116M |
| Financing Cash Flow | $2.6B | $2.6B | $1.1B | $659M | $2.2B |
| Net Change in Cash | $13M | $105M | -$178M | -$133M | $22M |
| Cash End of Period | $451M | $556M | $379M | $246M | $268M |
| Free Cash Flow | -$1.9B | -$1.5B | -$2.5B | $6.7B | $6.8B |