| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 5.9K | 5.1% |
| Total Income | 5.9K | 5.1% |
| Expenditure | 4.7K | 11.5% |
| PBT | 922.00 | 3.6% |
| Net Profit | 874.00 | 9.2% |
| OPM | 22.97% | 0.17pp |
| NPM | 14.76% | 0.55pp |
| EPS | 1.61 | 7.3% |
AEP Reports Q1 2026 Earnings of $1.61 per share
05 May 2026 · 5 May, 4:38 pm
Summary
American Electric Power (AEP) reported first-quarter 2026 GAAP earnings of $1.61 per share, compared to $1.50 per share in the first quarter of 2025. Operating earnings for the first quarter of 2026 were $1.64 per share, compared to $1.54 per share in the first quarter of 2025. AEP reaffirmed its 2026 operating earnings guidance of $6.15 to $6.45 per share and its annual operating earnings growth rate of 7% to 9% through 2030, with an expected operating earnings compound annual growth rate (CAGR) of greater than 9%. The company's five-year capital plan increased to $78 billion.
Key Highlights
- 1
American Electric Power reported first-quarter 2026 GAAP earnings of $1.61 per share.
- 2
Operating earnings for the first quarter of 2026 were $1.64 per share.
- 3
AEP reaffirms full-year 2026 operating earnings guidance of $6.15 to $6.45 per share.
- 4
New load additions are expected to expand to 63 gigawatts by 2030.
- 5
The company's five-year capital plan increased to $78 billion, driven by accelerating demand.
- 6
The expanded capital plan is expected to generate nearly 11% annual rate-base growth and an operating earnings CAGR above 9% through 2030.
Management Comments
Bill Fehrman
"AEP is executing on our strategic plan at an exceptionally high level during a time of unprecedented opportunity for our industry while keeping an intense focus on affordability." "We are seeing substantial demand growth across our footprint, particularly from data centers and other large load customers. We are intensely focused on delivering reliability and long-term value for our customers and stakeholders." "We understand that affordability is a key concern for customers and policymakers, and AEP is committed to finding creative solutions that address those concerns while helping our customers leverage cost savings tools. AEP’s scale, integrated approach and execution capabilities position us to lead during this period of transformational growth," Fehrman said. "We are helping to build the nation’s energy backbone while creating opportunities for customers and communities we serve while delivering long-term value for all of our stakeholders."
Informational and educational content only. Not investment advice.