American Electric Power reported first-quarter 2026 operating earnings of $1.64 per share on revenue of $6.02 billion, exceeding analyst expectations. The company reaffirmed its full-year 2026 operating earnings guidance of $6.15 to $6.45 per share.
Key Highlights
- Management increased its five-year capital investment plan to $78 billion, up from $72 billion, to support accelerating demand from data centers and industrial customers.
- The company's incremental load pipeline expanded to 63 gigawatts by 2030, a significant increase driven by 7 gigawatts of new agreements signed in the quarter.
- AEP raised its expected operating earnings compound annual growth rate (CAGR) to greater than 9% through 2030, up from a previous range of 7% to 9%.