Earnings summaries and quarterly performance for AMERICAN ELECTRIC POWER CO.
Executive leadership at AMERICAN ELECTRIC POWER CO.
Bill Fehrman
Detailed
Chairman, President and Chief Executive Officer
CEO
JE
Johannes Eckert
Detailed
Executive Vice President and Chief Information & Technology Officer
RB
Rob Berntsen
Detailed
Executive Vice President and General Counsel
TM
Trevor Mihalik
Detailed
Executive Vice President and Chief Financial Officer
Board of directors at AMERICAN ELECTRIC POWER CO.
AG
Art Garcia
Detailed
Director
BF
Ben Fowke
Detailed
Director
DS
Daniel Stoddard
Detailed
Director
DR
Daryl Roberts
Detailed
Director
HL
Henry Linginfelter
Detailed
Director
HG
Hunter Gary
Detailed
Director
JS
Joseph Sauvage
Detailed
Director
LV
Lewis Von Thaer
Detailed
Director
MM
Margaret McCarthy
Detailed
Director
SB
Sandra Beach Lin
Detailed
Director
SM
Sara Martinez Tucker
Detailed
Lead Independent Director
Research analysts who have asked questions during AMERICAN ELECTRIC POWER CO earnings calls.
Carly Davenport
Goldman Sachs
9 questions for AEP
Also covers: AEE, D, DUK +14 more
Julien Dumoulin-Smith
Jefferies
8 questions for AEP
Also covers: AEE, AES, AGR +60 more
DA
David Arcaro
Morgan Stanley
7 questions for AEP
Also covers: AES, ATO, BE +35 more
JT
Jeremy Tonet
JPMorgan Chase & Co.
7 questions for AEP
Also covers: AEE, AM, ARIS +46 more
Nicholas Campanella
Barclays
7 questions for AEP
Also covers: AEE, AES, ATO +33 more
Steve Fleishman
Wolfe Research, LLC
5 questions for AEP
Also covers: CEG, CNP, CWEN +15 more
AC
Anthony Crowdell
Mizuho Financial Group
4 questions for AEP
Also covers: AEE, AES, AGR +30 more
Ross Fowler
Bank of America
4 questions for AEP
Also covers: BKH, D, EMRAF +11 more
SP
Shahriar Pourreza
Guggenheim Partners
4 questions for AEP
Also covers: AEE, AVA, CEG +29 more
AW
Andrew Weisel
Scotiabank
3 questions for AEP
Also covers: BKH, CEG, CMS +14 more
Steven Fleishman
Wolfe Research
3 questions for AEP
Also covers: CEG, CNP, CWEN +18 more
DC
Durgesh Chopra
Evercore ISI
2 questions for AEP
Also covers: AEE, AES, AWK +22 more
Michael Lonegan
Evercore ISI
2 questions for AEP
Also covers: DTE, EIX, ETR +7 more
RL
Ryan Levine
Citigroup
2 questions for AEP
Also covers: AES, ATO, BIP +17 more
SP
Shar Pourreza
Wells Fargo
2 questions for AEP
Also covers: CNP, DTE, ES +7 more
SK
Sophie Karp
KeyBanc Capital Markets Inc.
2 questions for AEP
Also covers: AEE, AGR, AVA +14 more
William Appicelli
UBS
2 questions for AEP
Also covers: AEE, CMS, DTE +10 more
DP
David Paz
Wolfe Research, LLC
1 question for AEP
Also covers: AEE, D, DUK +5 more
JW
Jamieson Ward
Jefferies
1 question for AEP
Also covers: HRNNF, NJR, OGS
Recent press releases and 8-K filings for AEP.
AEP subsidiary SWEPCO supports Amazon data center investment
AEP
New Projects/Investments
- Amazon is investing in a Northwest Louisiana data center, heralded as the region’s most significant economic development win in a generation, prompting new SWEPCO infrastructure upgrades.
- All project‐specific costs—substations, transmission lines, specialized equipment—will be fully funded by Amazon, with no rate increases for existing SWEPCO customers under Louisiana PSC oversight.
- Since 2025, SWEPCO crews have inspected over 80,000 utility poles, replaced more than 18,000, and trimmed nearly 1,300 line-miles of trees to modernize the grid and enhance reliability.
- AEP plans to invest $72 billion from 2026 through 2030 to strengthen service and support growing energy needs across its 11-state footprint.
4 days ago
American Electric Power and FirstEnergy Transmission JV approved for central Ohio transmission project
AEP
New Projects/Investments
- PJM Interconnection’s Board approved a major electric transmission project in central Ohio proposed by AEP’s Transource Energy and FirstEnergy Transmission.
- The project includes 300 miles of new 765-kV lines and substation upgrades, with each line capable of powering two million homes.
- The venture, structured under Grid Growth Ventures, LLC, is a partnership between Transource Energy (AEP 86.5%, Evergy 13.5%) and FirstEnergy Transmission.
- It is designed to enhance grid capacity, improve reliability, and support economic growth amid rising electricity demand in the Columbus region.
Feb 16, 2026, 2:00 PM
American Electric Power reports Q4 2025 results and updates growth outlook
AEP
Earnings
Guidance Update
New Projects/Investments
- AEP delivered Q4 2025 operating earnings of $1.19 per share and full-year 2025 operating earnings of $5.97 per share, surpassing guidance; the quarterly dividend was raised to $0.95, and total shareholder return for 2025 was 29%.
- The company reaffirmed its 2026 operating earnings guidance of $6.15–$6.45 per share and its 7–9% long-term EPS growth rate (9% CAGR) for 2026–2030.
- AEP maintains a $72 billion five-year capital plan (2026–2030) and has identified $5–8 billion of confirmed incremental generation and transmission projects beyond the base plan.
- Incremental contracted load outlook was doubled to 56 GW by 2030, up from 28 GW, all backed by signed customer agreements, with strong activity in ERCOT, PJM, and SPP.
Feb 12, 2026, 2:00 PM
AEP reports Q4 2025 results
AEP
Earnings
Guidance Update
New Projects/Investments
- Operating EPS of $1.19 in Q4 and $5.97 for full-year 2025, above guidance; reaffirmed 2026 EPS guidance of $6.15–6.45 and 7–9% long-term earnings growth (9% CAGR).
- Incremental contracted load forecast doubled to 56 GW by 2030, all backed by signed agreements, including 36 GW in ERCOT under LOAs.
- $72 billion five-year capital plan (10% rate base CAGR) with $5–8 billion of confirmed or endorsed incremental generation and transmission projects.
- Retail sales grew 7.5% in 2025 (C&I ~10%, residential ~3%), driving 8.3% revenue growth as total system sales topped 200 million MWh.
- Owns ~90% of U.S. 765 kV transmission, partnered with Quanta; announced $2.65 billion fuel cell purchase with a 20-year offtake agreement.
Feb 12, 2026, 2:00 PM
AEP reports Q4 2025 results and issues 2026 guidance
AEP
Earnings
Guidance Update
New Projects/Investments
- Provided 2026 Operating EPS guidance of $6.15–$6.45 and > $12 B capital investment, with > 50% earnings from the high-growth transmission business and 7 GW of incremental contracted load in 2026.
- Reaffirmed ~ 10–13% total annual TSR and 7–9% operating EPS growth (9% CAGR) through 2030, underpinned by a $72 B five-year capital plan and ~ 10% rate base CAGR.
- Delivered strong Q4 liquidity and credit metrics: net available liquidity of $5.6 B, S&P FFO/Debt 15.2% and Moody’s FFO/Debt 13.9%, above targeted ranges.
- Q4 operational drivers included rate changes adding $117 M, weather-positive effects of $32 M, and a 3.1% increase in normalized retail load, contributing a $0.05 EPS benefit.
Feb 12, 2026, 2:00 PM
American Electric Power reports Q4 2025 earnings and growth outlook
AEP
Earnings
Guidance Update
New Projects/Investments
- American Electric Power delivered Q4 2025 operating EPS of $1.19 and full-year $5.97, exceeding its guidance, and reaffirmed 2026 operating earnings guidance of $6.15–$6.45 with a 7–9% long-term growth rate (9% CAGR).
- Secured 56 GW of incremental contracted load by 2030 (up from 28 GW), including 36 GW via LOAs in ERCOT and 5 GW in PJM/SPP, all backed by signed customer agreements.
- Maintains a $72 billion five-year (2026–2030) capital plan, with $5–8 billion of confirmed or endorsed generation and transmission projects—highlighted by $2.65 billion of Bloom fuel cells and $4.7 billion of recent transmission awards.
- Increased quarterly dividend to $0.95 per share and achieved 29% total shareholder return for 2025.
Feb 12, 2026, 2:00 PM
AEP reports Q4 2025 results and reaffirms growth outlook
AEP
Earnings
Guidance Update
New Projects/Investments
- American Electric Power reported Q4 2025 GAAP earnings of $1.09/share and operating earnings of $1.19/share, down from $1.25 and $1.24 in Q4 2024.
- FY 2025 GAAP earnings were $6.70/share and operating earnings were $5.97/share, versus $5.60 and $5.62 in FY 2024.
- Reaffirmed 2026 operating earnings guidance of $6.15–$6.45/share and a long-term growth rate of 7%–9%.
- Secured signed agreements for 56 GW of incremental load by 2030, up from 28 GW in October.
- Identified $5 billion–$8 billion of incremental investment opportunities beyond its $72 billion five-year capital plan.
Feb 12, 2026, 12:04 PM
AEP reports Q4 and full-year 2025 results
AEP
Earnings
Guidance Update
New Projects/Investments
- American Electric Power reported 2025 GAAP earnings of $3.58 billion ($6.70/share) and operating earnings of $3.19 billion ($5.97/share), up from $2.97 billion and $2.98 billion respectively in 2024.
- Fourth-quarter 2025 GAAP earnings were $582 million ($1.09/share) versus $664 million ($1.25/share) in 4Q 2024; operating earnings were $638 million ($1.19/share) versus $660 million ($1.24/share) in 4Q 2024.
- Revenue rose to $5.31 billion in 4Q 2025 (versus $4.70 billion) and $21.88 billion year-to-date (versus $19.72 billion).
- AEP secured 56 GW of incremental load growth by 2030 (up from 28 GW in October) and identified $5 billion to $8 billion in additional investment beyond its $72 billion five-year capital plan.
- The company reaffirmed its 2026 operating earnings guidance of $6.15 to $6.45 per share and long-term growth rate of 7%–9%.
Feb 12, 2026, 11:57 AM
American Electric Power enters $2.65 B fuel cell purchase and 20-year offtake deal
AEP
New Projects/Investments
- In November 2024, an AEP subsidiary acquired 100 MW of solid oxide fuel cells with an option for an additional 900 MW.
- On January 4, 2026, an unregulated subsidiary signed an unconditional purchase agreement to exercise a substantial portion of its option—funding the development of a Cheyenne, Wyoming fuel cell generation facility—for $2.65 billion.
- Concurrently, AEP secured a 20-year offtake arrangement with a high-investment-grade customer for 100 % of the facility’s output, subject to conditions expected to be met by Q2 2026, with full compensation if unmet.
Jan 8, 2026, 12:30 PM
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.
Dec 5, 2025, 8:03 PM
Quarterly earnings call transcripts for AMERICAN ELECTRIC POWER CO.
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