American Electric Power Company, Inc. (AEP) is one of the largest electric utilities in the United States, headquartered at 1 Riverside Plaza, Columbus, Ohio, and listed on NASDAQ. The company operates regulated electric transmission and distribution networks across multiple states through numerous subsidiaries, including AEP Texas, AEP Transmission Company, Appalachian Power, Indiana Michigan Power, Ohio Power, Public Service Company of Oklahoma, and Southwestern Electric Power. As of December 31, 2025, AEP reported total consolidated assets of $114.5 billion, with net property, plant, and equipment of approximately $86.6 billion reflecting the capital intensity of its regulated infrastructure base. [Source: 10-K, filed 2026-02-12, Consolidated Balance Sheets]

What is AEP's DredgeCap risk score?

DredgeCap's AI analysis rates AEP at 3.2/10 on the risk scale — Low risk. This score reflects dilution exposure, debt toxicity, liquidity position, and going-concern posture as disclosed in SEC filings.

Does AEP have a going concern warning?

No current auditor going-concern warning is flagged in AEP's SEC filings. Risk assessment is based on other filing-disclosed factors.

When did AEP last file with the SEC?

AEP's most recent SEC filing was a 10-K filed 2026-02-12. All filings are available on SEC EDGAR.

← AEP Overview

10-QMay 5, 2026· Quarter Ended March 31, 2026

AEP — 10-Q Filing

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AEP 10-Q Summary

COMPREHENSIVE INCOMEThe disclosures in this note apply to AEP only. The impact of AOCI is not material to the financial statements of the Registrant Subsidiaries. Presentation of Comprehensive IncomeThe following tables provide AEP’s components of changes in AOCI and details of reclassifications from AOCI. The amortization of pension and OPEB AOCI components are included in the computation of net periodic pension and OPEB costs. See Note 7 - Benefit Plans for additional information. Cash Flow HedgesPension Three Months Ended March 31, 2026CommodityInterest Rateand OPEBTotal (in millions)Balance in AOCI as of December 31, 2025$78 $(1)$(41)$36 Change in Fair Value Recognized in AOCI, Net of Tax25 — — 25 Amount of (Gain) Loss Reclassified from AOCIPurchased Electricity, Fuel and Other Consumables Used for Electric Generation (a)(50)— — (50)Amortization of Actuarial (Gains) Losses— — 1 1 Reclassifications from AOCI, before Income Tax Expense(50)— 1 (49)Income Tax Expense(10)— — (10)Reclassifications from AOCI, Net of Income Tax Expense(40)— 1 (39)Net Current Period Other Comprehensive Income (Loss)(15)— 1 (14)Balance in AOCI as of March 31, 2026$63 $(1)$(40)$22 Cash Flow HedgesPension Three Months Ended March 31, 2025CommodityInterest Rateand OPEBTotal (in millions)Balance in AOCI as of December 31, 2024$99 $3 $(105)$(3)Change in Fair Value Recognized in AOCI, Net of Tax38 (1)— 37 Amount of (Gain) Loss Reclassified from AOCIPurchased Electricity, Fuel and Other Consumables Used for Electric Generation (a)(17)— — (17)Interest Expense (a)— (1)— (1)Amortization of Actuarial (Gains) Losses— — 1 1 Reclassifications from AOCI, before Income Tax Expense(17)(1)1 (17)Income Tax Expense(4)— — (4)Reclassifications from AOCI, Net of Income Tax Expense(13)(1)1 (13)Net Current Period…

Current DredgeCap Risk Profile

Risk Score

3.2/10

MODERATE

Dilution

2.8

Debt Toxicity

3.5

Going Concern

✓ Not flagged

The risk profile above reflects the latest cached DredgeCap analysis for AEP. For the full filing-by-filing analyst report (red flags, primary risk driver, what moves the stock), open AEP's company page.

What is a 10-Q?

A quarterly report covering the three months just ended. Includes unaudited condensed financial statements (balance sheet, income statement, cash flow), Management Discussion and Analysis (MD&A), and disclosure of material changes since the last annual report. Required for the first three fiscal quarters; the fourth quarter is rolled into the 10-K.

More on AEP

The plain-language summary above is composed mechanically from the filing's reported numbers — no analysis or opinion. Form-type explainers and 8-K item descriptions are derived from SEC documentation. This page does not constitute investment advice. Always consult the original filing on SEC EDGAR for authoritative content, and consult a licensed financial advisor for investment decisions.