American Electric Power Company, Inc. (AEP)
NASDAQ:AEP
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Earnings Data
Report Date
Jul 23, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
1.51Last Year’s EPS
1.43Same Quarter Last Year
Moderate Buy
Based on 19 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call was broadly positive: management reported solid Q1 results, substantial contracted load momentum (63 GW), an expanded $78B five-year capital plan, major transmission awards, secured long-lead equipment and improved regulatory outcomes and ROEs. Financing actions and balance-sheet metrics were presented as disciplined and supportive of growth. Key risks include interconnection and timing challenges in PJM and ERCOT, modestly higher O&M and segment expense pressures, and project timing uncertainties (e.g., Wyoming fuel cells). Overall, the company emphasized execution, conservative capital inclusion, and a path to further upside, with the positives materially outweighing the identified operational and timing risks.Company Guidance
Strong Quarterly Earnings and Guidance Reaffirmed
Q1 2026 operating earnings of $1.64 per share ($891M), up from $1.54 in Q1 2025 (+~6.5% YoY). Company reaffirmed full-year 2026 operating earnings guidance of $6.15–$6.45 per share.
Rapid Contracted Load Growth
Added 7 GW of contracted load in the quarter, bringing total executed contracted load to 63 GW (up from 56 GW last quarter, +12.5%). Nearly 90% of contracted load are data centers; 53 GW are in Texas and Ohio.
Expanded Capital Plan and Rate Base Growth
5-year capital plan increased to $78B from $72B (+$6B). Plan now drives an expected 11% 5-year rate base CAGR and is expected to increase long-term operating earnings CAGR to greater than 9% (previous guidance 7%–9% for 2026–2030).
Large Transmission Wins and Pipeline
Transmission investment forecast increased to $33B (42% of $78B plan). Awarded SPP projects (~315 miles + additional lines) totaling ~$1.6B and PJM projects (~330 miles) totaling ~$1.9B; also selected for ~200-mile 765 kV MISO project (in-service 2034).
Generation Capacity and Supply Chain Positioning
Secured access to more than 10 GW of gas-fired turbine capacity and long-lead transmission equipment (transformers, breakers, lattice steel). Generation capital outlook expanded by $3B to $24B through 2030 (I&M gas-fired projects included).
Regulatory Progress and ROE Improvements
Regulated earned ROE increased to 9.3% in the quarter and expected to reach ~9.5% by 2030. Specific rate outcomes: Ohio ROE approved at 9.84% (from 9.7%), Arkansas ROE up to 9.65% (from 9.5%), West Virginia ROE increased to 9.75% (from 9.25%).
Affordability and Customer Offsets
Forecasts up to $16B in cost offsets for existing customers from large-load ESAs over the life of the agreements; secured ~$315M in generation/distribution grants and closed $1.6B DOE loan guarantee projected to deliver >$275M in customer savings.
Disciplined Financing and Balance Sheet Metrics
Incremental equity in the 5-year financing plan increased modestly by $1.1B (total growth equity $7B for 2026–2030). Issued $665M of ATM equity in Q1 at an average price >$131/sh. S&P FFO-to-debt at 14.7% (within 14%–15% target); Moody's metric 13.9% (near target and above 13% downgrade threshold).
Pipeline Upside Beyond Base Plan
Line of sight to >$10B additional projects (incremental to $78B), including Piketon data center campus and Wyoming fuel cell project; company emphasizes conservative inclusion of projects in base plan and plans fuller update in Q3.
Operational Execution and Reliability Improvements
Management highlighted stronger execution, reduced average outage duration year-over-year, and ongoing investments to enhance system reliability.
AEP Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
AEP Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 05, 2026 | $133.69 | $136.05 | +1.77% |
Feb 12, 2026 | $121.37 | $125.52 | +3.42% |
Oct 29, 2025 | $112.50 | $119.34 | +6.08% |
Jul 30, 2025 | $105.87 | $109.77 | +3.69% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does American Electric Power Company, Inc. (AEP) report earnings?
American Electric Power Company, Inc. (AEP) is schdueled to report earning on Jul 23, 2026, Before Open (Confirmed).
What is American Electric Power Company, Inc. (AEP) earnings time?
American Electric Power Company, Inc. (AEP) earnings time is at Jul 23, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is AEP EPS forecast?
AEP EPS forecast for the fiscal quarter 2026 (Q2) is 1.51.