American Electric Power — Third Quarter 2026 Earnings Summary

American Electric Power reported third-quarter 2026 GAAP earnings of $2.18 per share and operating earnings of $2.23 per share, surpassing the prior year's figures. The company announced an expanded $100 billion five-year capital plan through 2031, projecting a rate base compound annual growth rate of over 13% and an operating earnings growth rate of 9% to 11% annually from 2027 through 2031. AEP expects full-year 2026 operating earnings to reach the high end of its guidance range of $6.25 to $6.55 per share, with new guidance of $6.75 to $7.05 for 2027 and $7.40 to $7.70 for 2028. Additionally, the utility anticipates up to $21 billion in fixed cost offsets for residential customers derived from large load contracts and expects its incremental contracted load to grow to 84 gigawatts by 2031.