| Metric | Value ($ M) | Q2 FY26 | Q3 FY25 |
|---|---|---|---|
| Revenue | 6.8K | 24.4% | 13.9% |
| Total Income | 6.8K | 24.4% | 13.9% |
| Expenditure | 5.0K | 19.6% | 11.8% |
| PBT | 1.3K | 71.2% | 17.9% |
| Net Profit | 1.2K | 66.5% | 22.1% |
| OPM | 26.68% | 3.84pp | 1.16pp |
| NPM | 17.47% | 4.42pp | 1.17pp |
| EPS | 2.18 | 66.4% | 19.8% |
American Electric Power Reports Q3 2026 Earnings, Expands Capital Plan and Increases Growth Outlook
28 Oct 2026 · 1d ago, 4:31 pm
Summary
American Electric Power reported strong third-quarter 2026 results with GAAP earnings per share of $2.18 and operating earnings per share of $2.23. The company raised its full-year 2026 operating earnings forecast to be at or above the high end of its $6.25 to $6.55 range. AEP also announced a significant expansion of its capital plan to $100 billion through 2031, anticipating a 13%+ rate base CAGR and introducing a new long-term operating earnings growth outlook of 9% to 11% annually from 2027 through 2031, driven by accelerating electricity demand and investment opportunities.
Key Highlights
- 1
American Electric Power reported third-quarter 2026 GAAP earnings per share of $2.18 and operating earnings per share of $2.23.
- 2
The company is forecasting full-year 2026 operating earnings per share to be at or above the high end of its $6.25 to $6.55 guidance range.
- 3
AEP announced an expanded $100 billion five-year capital plan through 2031, aiming for a 13%+ rate base CAGR.
- 4
The company introduced a new operating earnings annual growth rate of 9% to 11% from 2027 through 2031.
- 5
AEP projects an operating earnings CAGR of 10%+ through 2031.
- 6
The company expects up to $21 billion of fixed cost offsets for residential customers from large load contracts.
Management Comments
Bill Fehrman
AEP is entering our next phase of growth from a position of strength. Our expanded capital plan and increased growth rate reflect the significant opportunities ahead and our ability to execute at scale to help meet rapidly growing energy needs while delivering long-term value to our customers, communities, shareholders and all other stakeholders. As electricity demand accelerates, AEP is committed to having new large-load customers bear the incremental system costs they create and fund the investments required to serve them. By pairing disciplined customer agreements with strategic investments in generation, transmission and distribution, we can strengthen reliability, drive affordability for customers and bring new economic opportunities to the communities we serve.
Informational and educational content only. Not investment advice.