Earnings summaries and quarterly performance for AMERICAN ELECTRIC POWER CO.
Executive leadership at AMERICAN ELECTRIC POWER CO.
Board of directors at AMERICAN ELECTRIC POWER CO.
Art Garcia
Detailed
Director
Ben Fowke
Detailed
Director
Daniel Stoddard
Detailed
Director
Daryl Roberts
Detailed
Director
Henry Linginfelter
Detailed
Director
Hunter Gary
Detailed
Director
Joseph Sauvage
Detailed
Director
Lewis Von Thaer
Detailed
Director
Margaret McCarthy
Detailed
Director
Sandra Beach Lin
Detailed
Director
Sara Martinez Tucker
Detailed
Lead Independent Director
Research analysts who have asked questions during AMERICAN ELECTRIC POWER CO earnings calls.
Carly Davenport
Goldman Sachs
7 questions for AEP
Also covers: AEE, D, DUK +14 more
Jeremy Tonet
JPMorgan Chase & Co.
7 questions for AEP
Also covers: AEE, AM, ARIS +45 more
Nicholas Campanella
Barclays
7 questions for AEP
Also covers: AEE, AES, ATO +32 more
Julien Dumoulin-Smith
Jefferies
6 questions for AEP
Also covers: AEE, AES, AGR +54 more
David Arcaro
Morgan Stanley
5 questions for AEP
Also covers: AES, ATO, BE +32 more
Ross Fowler
Bank of America
4 questions for AEP
Also covers: BKH, D, EMRAF +10 more
Shahriar Pourreza
Guggenheim Partners
4 questions for AEP
Also covers: AEE, AVA, CEG +29 more
Andrew Weisel
Scotiabank
3 questions for AEP
Also covers: BKH, CEG, CMS +13 more
Steve Fleishman
Wolfe Research, LLC
3 questions for AEP
Also covers: CEG, CNP, CWEN +11 more
Steven Fleishman
Wolfe Research
3 questions for AEP
Also covers: CEG, CNP, CWEN +18 more
Anthony Crowdell
Mizuho Financial Group
2 questions for AEP
Also covers: AEE, AES, AGR +30 more
Durgesh Chopra
Evercore ISI
2 questions for AEP
Also covers: AEE, AES, AWK +22 more
Ryan Levine
Citigroup
2 questions for AEP
Also covers: AES, ATO, BIP +17 more
William Appicelli
UBS
2 questions for AEP
Also covers: AEE, DTE, ES +9 more
David Paz
Wolfe Research, LLC
1 question for AEP
Also covers: AEE, D, DUK +4 more
Jamieson Ward
Jefferies
1 question for AEP
Also covers: HRNNF, NJR, OGS
Recent press releases and 8-K filings for AEP.
American Electric Power issues junior subordinated debentures
AEP
Debt Issuance
- American Electric Power issued $400 million of 5.800% Fixed-to-Fixed Reset Rate Junior Subordinated Debentures, Series C, and $600 million of 6.050% Fixed-to-Fixed Reset Rate Junior Subordinated Debentures, Series D, due 2056, under its existing March 1, 2008 indenture as supplemented.
- The company and The Bank of New York Mellon Trust Company, N.A. amended and restated Supplemental Indenture No. 7, dated December 5, 2025, to incorporate the terms of the new issuance and to update provisions including interest reset, ranking and subordination, and optional interest deferral.
- The Debentures pay semi-annual interest on March 15 and September 15, can defer interest payments for up to 10 years, and will reset the rate every five years after March 15, 2036 to the 5-year Treasury rate plus a spread, with a floor equal to the initial rate.
18 hours ago
American Electric Power establishes $3.5 billion equity distribution agreement
AEP
- On November 25, 2025, American Electric Power entered into a Distribution Agreement with eight sales agents and eight forward purchasers to sell, from time to time, up to $3.5 billion of its common stock, $6.50 par value per share.
- Sales may be conducted as “at-the-market” offerings on the Nasdaq Global Select Market, through market makers, electronic communications networks or privately negotiated transactions, subject to market conditions, trading price, capital needs and other factors.
- The agreement also allows AEP to enter into forward stock purchase transactions with the forward purchasers to hedge such issuance, pursuant to separate letter agreements attached as exhibits to the Distribution Agreement.
- All shares will be offered under AEP’s registration statement on Form S-3 (File No. 333-291275), effective as of November 5, 2025.
Nov 25, 2025, 9:23 PM
AEP’s Indiana Michigan Power receives approval for Oregon Clean Energy Center acquisition
AEP
New Projects/Investments
M&A
- IURC approved I&M’s acquisition of the 870 MW Oregon Clean Energy Center in Ohio.
- The FERC signed off in October, and I&M expects ownership transfer in March 2026.
- The purchase is part of I&M’s Future Ready plan to diversify its generation portfolio and ensure cost-effective, reliable service.
- Indiana peak demand is forecast to more than double from ~2,800 MW in 2024 to >7,000 MW by 2030, driving the need for new capacity.
Nov 19, 2025, 8:10 PM
AEP announces strategic partnership with Quanta Services
AEP
New Projects/Investments
- AEP and Quanta Services entered long-term agreements to support AEP’s $72 billion capital plan for transmission and infrastructure investments from 2026 through 2030.
- The Cooperation and Commitment Agreement covers design, engineering, procurement and construction of 765 kV and other high-voltage transmission facilities to enhance cost predictability and delivery certainty.
- The Development Services Agreement will expand domestic manufacturing capacity for extra-high-voltage transformers and circuit breakers, strengthening supply chain resilience.
- The partnership combines AEP’s operational expertise with Quanta’s large-scale project execution to meet rising load demands, including the data center market.
Nov 5, 2025, 1:00 PM
AEP reports Q3 2025 results and outlines $72B 5-year investment plan
AEP
Earnings
Guidance Update
New Projects/Investments
- AEP delivered Q3 2025 operating earnings of $1.80 per share, reaffirmed its 2025 full-year guidance of $5.75–$5.95 and issued 2026 operating earnings guidance of $6.15–$6.45 per share (~8% above the 2025 midpoint), while establishing a 7%–9% long-term earnings CAGR for 2026–2030.
- Introduced a $72 billion capital investment plan over 2026–2030 (30% above the prior plan), with over two-thirds directed to transmission and generation, driving a 10% five-year rate-base CAGR and nearly 90% of spend recovered through reduced lag mechanisms.
- Underpinned by exceptional demand growth, AEP now has 28 GW of incremental contracted load (up from 24 GW) and projects 65 GW system peak demand by 2030, with ~80% of new load from data centers secured under energy service agreements.
- Highlighted its transmission leadership, operating 2,100 miles of 765 kV lines (90% of U.S. total) and targeting a transmission rate base exceeding $50 billion by 2030, with transmission expected to contribute over 50% of 2026 operating earnings.
Oct 29, 2025, 1:00 PM
American Electric Power reports Q3 2025 results and updates growth outlook
AEP
Earnings
Guidance Update
New Projects/Investments
- AEP delivered Q3 operating earnings of $1.80 per share ($963 million), reaffirmed its FY 2025 EPS guidance of $5.75–$5.95 (upper half) and set 2026 guidance at $6.15–$6.45 (≈8% growth)
- Introduced a 7–9% long-term operating earnings growth rate for 2026–2030 (9% expected CAGR) supported by a $72 billion five-year capital plan
- Highlighted 28 GW of contracted load additions driving demand to a projected 65 GW system peak by 2030, leveraging 2,100 miles of 765 kV transmission (90% of U.S. 765 kV infrastructure)
- Forecasts residential rates to rise ~3.5% annually through 2030 (below historical inflation) and plans to maintain FFO-to-debt at 14–15%, with $5.9 billion in growth equity issuance in the back half of the plan
Oct 29, 2025, 1:00 PM
AEP reports Q3 2025 results and guidance
AEP
Earnings
Guidance Update
New Projects/Investments
- Reported Q3 2025 GAAP EPS of $1.82 and Operating EPS of $1.80, with YTD Operating EPS at $4.78, and guided to the upper half of the 2025 Operating EPS range of $5.75–$5.95.
- Introduced a new long-term Operating EPS growth rate of 7%–9% with an expected 9% CAGR through 2030, supported by a $72 billion capital plan and projected system peak demand of ~65 GW by 2030.
- Delivered strong load growth, including ~2 GW of data center load in Q3 and ~8% commercial and industrial load growth on a rolling 12-month basis as of 9/30/2025.
- Provided 2026 guidance with Operating EPS of $6.15–$6.45, >$12 billion in capital investment, >50% of operating earnings from high-growth transmission, and 4 GW of incremental contracted load additions.
Oct 29, 2025, 1:00 PM
American Electric Power reports Q3 2025 earnings
AEP
Earnings
- Consolidated revenue of $3,579.8 million in Q3 2025.
- Operating earnings (non-GAAP) of $573.5 million, versus GAAP net income of $578.2 million.
- Fuel and purchased power expenses totaled $1,168.4 million for the quarter.
- Includes an after-tax $4.7 million mark-to-market gain on commodity hedges.
Oct 29, 2025, 1:00 PM
AEP reports Q3 2025 earnings and updates 2026 outlook
AEP
Earnings
Guidance Update
New Projects/Investments
- AEP delivered Q3 2025 operating earnings of $1.80 per share ($963 million), down from $1.85 per share in Q3 2024, primarily due to last year’s sale of the distributed resources business.
- Reaffirmed full-year 2025 guidance of $5.75–$5.95 per share (guiding to the upper half) and set 2026 operating earnings guidance at $6.15–$6.45 per share, an ~8% increase over the 2025 midpoint.
- Unveiled a $72 billion five-year (2026–2030) capital plan—up >30%—driving a 10% rate‐base CAGR, with ~90% of investments recovered through reduced regulatory lag and two-thirds allocated to transmission and generation.
- Introduced a new long-term operating earnings growth rate of 7%–9% annually (9% expected CAGR) for 2026–2030, with growth weighted toward the latter years as capital deployments peak.
- Highlighted robust demand, including 28 GW of contracted incremental load (up from 24 GW) and 8% rolling 12-month C&I load growth, supporting major 765 kV transmission expansions and grid modernization.
Oct 29, 2025, 1:00 PM
AEP reports Q3 2025 earnings and unveils $72 billion capital plan
AEP
Earnings
Guidance Update
New Projects/Investments
- AEP reported Q3 2025 GAAP EPS of $1.82 and operating EPS of $1.80, versus GAAP $1.80 and operating $1.85 in Q3 2024.
- Reaffirmed full-year 2025 operating EPS guidance of $5.75–$5.95, with results expected in the upper half of the range.
- Unveiled a $72 billion five-year capital plan to support 28 GW of new load and target 7–9% long-term operating EPS growth through 2030.
- Projects rate base to grow at a 10% CAGR to $128 billion by 2030.
Oct 29, 2025, 11:02 AM
Quarterly earnings call transcripts for AMERICAN ELECTRIC POWER CO.
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