American Electric Power (AEP) Stock Price vs Operating Income
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From Q3 2019 to Q3 2020, AEP's operating income declined 4.79% from $2.848 billion to $2.712 billion. Over the same period, the stock price fell from $93.69 to $81.73, a 12.77% decline. This means the stock underperformed the operating income decline, indicating valuation compression relative to earnings power. Looking at the longer arc, AEP's stock price has risen substantially from $30.63 on January 2, 1970 to $125.27 on June 2, 2026, while operating income in recent quarters (Q3 2020: $2.712 billion) remained broadly in line with prior-year levels around $2.6–2.8 billion.
Trailing-12-month Operating Income was $2.7B as of 2020-09-30, -4.8% year over year. The stock moved -13% over the same window ($93.69 -> $81.73). Price and Operating Income moved almost in lockstep.
Latest close: 125.39 USD (2026-06-02).
Operating Income | recent SEC reports
| Report date | Operating Income | Period |
|---|
| 2020-09-30 | 2.7B USD | Q3 10-Q |
| 2020-06-30 | 2.7B USD | Q2 10-Q |
| 2020-03-31 | 2.6B USD | Q3 10-Q |
| 2019-12-31 | 2.6B USD | FY 10-K |
| 2019-09-30 | 2.8B USD | Q3 10-Q |
| 2019-06-30 | 2.6B USD | Q2 10-Q |
| 2019-03-31 | 2.8B USD | Q1 10-Q |
| 2018-12-31 | 2.7B USD | FY 10-K |
Sources: autario.com/data/stock-aep-american-electric-power-daily-prices · autario.com/data/american-electric-power-operating-income-sec-filings | data verified and hosted on autario.com.