Education
About Us
Working with TipRanks
Follow Us
American Electric Power (AEP)
NASDAQ:AEP
Earnings Data
Report Date
May 06, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
1.56Last Year’s EPS
1.54Same Quarter Last Year
Moderate Buy
Based on 14 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed strong positive momentum: AEP exceeded 2025 earnings guidance, delivered robust sales and shareholder returns, doubled contracted incremental load to 56 GW (backed by agreements), reaffirmed 2026 guidance and a premium long-term growth outlook, and identified incremental capital opportunities beyond a conservative $72B plan. Management emphasized transmission scale, regulatory wins, improved ROE, and healthy near-term credit metrics. Key risks discussed include timing/execution of load connections (dependent on RTO/state reforms), additional capital and financing needs as the plan expands, increased reliability and financing costs, and potential supply chain/labor constraints. Overall, the positives (growth, contracted load, regulatory progress, and financial outperformance) substantially outweigh the operational and timing risks mentioned.Company Guidance
Exceeded 2025 Earnings Guidance
2025 operating earnings of $5.97 per share, above the high end of guidance ($5.75–$5.95); Q4 2025 operating earnings of $1.19 per share.
Strong Shareholder Returns and Dividend Increase
Total shareholder return for 2025 was 29%; quarterly dividend increased to $0.95 per share in October 2025.
Reaffirmed 2026 Guidance and Growth Outlook
Reaffirmed 2026 operating earnings guidance of $6.15–$6.45 per share (midpoint $6.30) and reiterated premium long-term earnings growth target of 7%–9% for 2026–2030 with an expected 9% CAGR.
Historic Load and Sales Growth
Total system sales exceeded 200 million MWh for the first time; retail sales grew 7.5% year-over-year, with commercial & industrial sales up ~10% and residential sales up ~3%; corresponding revenue rose 8.3%.
Major Increase in Contracted Incremental Load
Incremental contracted load outlook doubled from 28 GW to 56 GW (backed by signed customer agreements), including 36 GW in ERCOT LOAs and roughly 90% of incremental PJM load supported by executed take-or-pay ESAs.
Large Capital Plan with Conservative Base Case and Visible Upside
$72 billion five-year base capital plan yielding ~10% rate base CAGR; identified incremental $5–$8 billion of confirmed/endorsed generation and transmission projects beyond the base plan; additional capital for the expanded incremental load (56 GW) will be additive to the $72B plan.
Transmission Scale and Contract Wins
AEP owns/operates nearly 90% of U.S. 765 kV infrastructure; recently recommended/awarded new 765 kV projects in PJM, SPP, and MISO; management estimates ~ $4.7B of transmission projects awarded/endorsed (SPP ~$2.7B, PJM ~$1.5B, MISO ~$0.5B).
Contracted Generation and Long-Term Offtake
Announced $2.65B purchase of Bloom fuel cells for a Wyoming generation facility with a 20-year offtake from an investment-grade counterparty; management characterizes the long-term contracted cash flows similar to a regulated return.
Improving Regulatory Outcomes and ROE Progress
Earned ROE on regulated business of 9.1% (up 30 bps from two years ago); achieved regulatory/legislative wins in 2025 including measures reducing regulatory lag in Ohio, Oklahoma, and Texas and successful base rate outcomes in multiple jurisdictions.
Balance Sheet and Financial Metrics
Management targets FFO-to-debt 14%–15%; S&P FFO-to-debt at 15.2% (year-end) exceeding target; Moody’s FFO-to-debt just under 14%.
Generation & Marketing Outperformance
Generation & Marketing segment delivered meaningful performance in 2025 driven by favorable energy margins and contract optimization; company expects similar G&M performance in 2026 guidance.
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 |
|---|---|---|---|
Feb 12, 2026 | $122.25 | $126.43 | +3.42% |
Oct 29, 2025 | $113.31 | $120.20 | +6.08% |
Jul 30, 2025 | $106.64 | $110.57 | +3.69% |
May 06, 2025 | $103.97 | $103.97 | 0.00% |
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 (AEP) report earnings?
American Electric Power (AEP) is schdueled to report earning on May 06, 2026, Before Open (Confirmed).
What is American Electric Power (AEP) earnings time?
American Electric Power (AEP) earnings time is at May 06, 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 (Q1) is 1.56.