Quarterly ResultJul 30, 2026, 07:02 AM
AEP Q2 Operating EPS $1.36; Raises FY26 Guidance to $6.25-$6.55
AI Summary
American Electric Power reported second-quarter 2026 operating earnings of $1.36 per share, a decrease from $1.43 per share in the prior year, primarily due to a 2025 transmission minority interest sale and tax-related items. Despite this, the company raised its full-year 2026 operating earnings guidance to $6.25-$6.55 per share, reflecting strong first-half performance. AEP also highlighted significant load growth, securing 69 GW through 2030, and strategic investments in generation and transmission to support reliability and affordability, including $1.4 billion in customer savings from federal funding.
Key Highlights
- Reported Q2 2026 operating earnings of $1.36 per share, down from $1.43 in Q2 2025.
- Raised full-year 2026 operating earnings guidance to $6.25-$6.55 per share from $6.15-$6.45.
- Reaffirmed annual operating earnings growth rate of 7%-9% through 2030.
- Expanded new load additions to 69 GW through 2030, with 6 GW added in Q2.
- Identified up to $16 billion in expected cost offsets from load growth.
- Secured approximately $5 billion in DOE loans and $400 million in grants, saving customers $1.4 billion.
- Secured 3 GW additional gas-fired turbine capacity, totaling 13 GW for deployment through 2031.
- Evaluating opportunities for up to 10 GW of additional turbine capacity through 2035.
Price Impact
More from AEP