Earnings Releases·Oct 28, 2026, 6:59 AM ET

American Electric Power — Third Quarter 2026 Earnings Summary

Q3 2026 GAAP earnings rose to $2.18 per share ($1,187 million) and operating earnings to $2.23 per share ($1,216 million), both up from $1.82 and $1.80 respectively in Q3 2025; YTD 2026 operating earnings increased to $5.24 per share.
Full-year 2026 operating earnings guidance raised to at or above the high end of $6.25–$6.55 per share, with new guidance introduced for 2027 ($6.75–$7.05) and 2028 ($7.40–$7.70).
Announced a $100 billion five-year capital plan through 2031 targeting a rate base CAGR of 13% or more, including $37 billion for transmission assets and $36 billion for generation resources.
Projected annual operating earnings per share growth of 9% to 11% from 2027 through 2031, driven by incremental contracted load expected to reach 84 GW by 2031.
Fully executed take-or-pay agreements now expected to generate up to $21 billion in fixed cost offsets for residential customers, up from a prior estimate of $16 billion.