American Electric Power (AEP) official guidance
American Electric Power (AEP) official earnings guidance and management outlook. Each figure management stated is shown with its revisions and the source quote.
See the full Filings Intelligence suiteAEPAMERICAN ELECTRIC POWER CO INCFY2031+ · ends 2031-12-31
4 metrics4 maintainedearnings call · 2d
2026-10-28 16:22:07 UTC$22Bmaintained
Finally, distribution investment increased to $22 billion over the next 5 years, focused on grid modernization, reliability, resiliency, and infrastructure replacement.
AEP · transcript · Q3 FY2026
2026-10-28 16:21:00 UTCOpen source
2026-10-28 11:01:19 UTC$22Bnew
Approximately $22 billion of capital is planned for distribution, with investments focused on increasing the reliability and resiliency of the grid.
AEP · EX-99 · Q3 FY2026
2026-10-28 10:59:45 UTCOpen source
2026-10-28 16:22:07 UTC$36Bmaintained
Moving to generation. Our updated plan incorporates $36 billion of investment through 2031.
AEP · transcript · Q3 FY2026
2026-10-28 16:21:00 UTCOpen source
2026-10-28 11:01:19 UTC$36Bnew
AEP also plans to invest $36 billion in generation resources across its portfolio through 2031 to meet the increased demand, which is backed by long-term customer contracts.
AEP · EX-99 · Q3 FY2026
2026-10-28 10:59:45 UTCOpen source
2026-10-28 16:22:07 UTC$37Bmaintained
Our transmission capital plan increased to $37 billion through 2031 and now includes the Pikton project in Ohio.
AEP · transcript · Q3 FY2026
2026-10-28 16:21:00 UTCOpen source
2026-10-28 11:01:19 UTC$37Bnew
Building on its position as the nation’s largest owner and operator of transmission, the company plans to invest approximately $37 billion in transmission assets as part of the new capital plan.
AEP · EX-99 · Q3 FY2026
2026-10-28 10:59:45 UTCOpen source
2026-10-28 16:22:07 UTC$100Bmaintained
This outlook is supported by a $100 billion 5-year capital plan 1 of the largest in the industry.
AEP · transcript · Q3 FY2026
2026-10-28 16:21:00 UTCOpen source
2026-10-28 11:01:19 UTC$100Bnew
We plan to invest $100 billion from 2027 through 2031 to enhance service for customers and support the growing energy needs of our communities.
AEP · EX-99 · Q3 FY2026
2026-10-28 10:59:45 UTCOpen source
AEPAMERICAN ELECTRIC POWER CO INCFY2027 · ends 2027-12-31
1 metric1 maintainedearnings call · 2d
2026-10-28 16:22:07 UTC$6.75 – $7.05maintained
Given the visibility we have in our growth, and confidence in our execution plans, we are excited to share 2027 and 2028 operating earnings guidance ranges of $6.75 to $7.05 per share and $7.40 to $7.70 per share respectively.
AEP · transcript · Q3 FY2026
2026-10-28 16:21:00 UTCOpen source
2026-10-28 11:01:19 UTC$6.75 – $7.05new
The company is also issuing operating earnings guidance ranges of $6.75 to $7.05 per share and $7.40 to $7.70 per share for 2027 and 2028, respectively.
AEP · EX-99 · Q3 FY2026
2026-10-28 10:59:45 UTCOpen source
AEPAMERICAN ELECTRIC POWER CO INCFY2028 · ends 2028-12-31
1 metric1 maintainedearnings call · 2d
2026-10-28 16:22:07 UTC$7.4 – $7.7maintained
Given the visibility we have in our growth, and confidence in our execution plans, we are excited to share 2027 and 2028 operating earnings guidance ranges of $6.75 to $7.05 per share and $7.40 to $7.70 per share respectively.
AEP · transcript · Q3 FY2026
2026-10-28 16:21:00 UTCOpen source
2026-10-28 11:01:19 UTC$7.4 – $7.7new
The company is also issuing operating earnings guidance ranges of $6.75 to $7.05 per share and $7.40 to $7.70 per share for 2027 and 2028, respectively.
AEP · EX-99 · Q3 FY2026
2026-10-28 10:59:45 UTCOpen source
AEPAMERICAN ELECTRIC POWER CO INCFY2026 · ends 2026-12-31
1 metricearnings call · 2d
2026-10-28 16:22:07 UTCat least $6.55-1.7% vs FY2025
As a result, we now have confidence to expect full year operating earnings to be at or above the high end of our recently increased 2026 guidance range of $6.25 to $6.55 per share.
AEP · transcript · Q3 FY2026
2026-10-28 16:21:00 UTCOpen source
2026-07-31 04:01:30 UTC$6.25 – $6.55new-6.2% – -1.7% vs FY2025
Much so that we are raising our 2026 full year guidance to a range of $6.25-$6.55 per share from our previous range of $6.15-$6.45 per share.
AEP · transcript · Q2 FY2026
2026-07-31 04:00:00 UTCOpen source
AEPAMERICAN ELECTRIC POWER CO INCFY2031+ · ends 2031-12-31
1 metric1 newearnings call · 2d
2026-10-28 16:22:07 UTC$5.2Bnew
Specifically, we have added $22 billion to our capital plan while increasing equity funding by only $5.2 billion.
AEP · transcript · Q3 FY2026
2026-10-28 16:21:00 UTCOpen source
AEPAMERICAN ELECTRIC POWER CO INCFY2028
1 metric1 newearnings call · 2d
2026-10-28 16:22:07 UTC$2.5Bnew
It is also worth noting that $2.5 billion of the incremental equity assumption relates to marketed growth equity over the next 2 years of the plan.
AEP · transcript · Q3 FY2026
2026-10-28 16:21:00 UTCOpen source
AEPAMERICAN ELECTRIC POWER CO INCFY2031+ · ends 2031-12-31
1 metric1 newearnings call · 2d
2026-10-28 16:22:07 UTC$55Bnew
As noted on the slide, we expect to generate approximately $55 billion of cash from operations over the 5 year forecast period
AEP · transcript · Q3 FY2026
2026-10-28 16:21:00 UTCOpen source
AEPAMERICAN ELECTRIC POWER CO INCFY2033+ · ends 2033-12-31
1 metric1 newearnings call · 2d
2026-10-28 16:22:07 UTC10%new
Accordingly, we are also projecting a 10% operating earnings CAGR through 2033 based on the original 2026 guidance midpoint.
AEP · transcript · Q3 FY2026
2026-10-28 16:21:00 UTCOpen source
AEPAMERICAN ELECTRIC POWER CO INCFY2031+ · ends 2031-12-31
5 metrics1 new3 maintainedearnings call · 2d
2026-10-28 16:22:07 UTC9% – 11%maintained
Today, we are pleased to introduce a new long term expected annual operating EPS growth rate of 9% to 11% for 2027-2031.
AEP · transcript · Q3 FY2026
2026-10-28 16:21:00 UTCOpen source
2026-10-28 11:01:19 UTC9% – 11%new9% – 11%
AEP is further introducing an expected annual operating earnings per share growth rate of 9% to 11% from 2027 through 2031, with a greater than 10% CAGR through 2031 based off the original 2026 guidance midpoint of $6.30 per share.
AEP · EX-99 · Q3 FY2026
2026-10-28 10:59:45 UTCOpen source
2026-10-28 16:22:07 UTC$70Bmaintained
We expect transmission rate base to nearly double over the next 5 years approaching $70 billion by 2031.
AEP · transcript · Q3 FY2026
2026-10-28 16:21:00 UTCOpen source
2026-10-28 11:01:19 UTC$70Bnew
Accordingly, AEP’s transmission rate base is expected to nearly double and approach $70 billion by 2031.
AEP · EX-99 · Q3 FY2026
2026-10-28 10:59:45 UTCOpen source
2026-10-28 16:22:07 UTC$162Bmaintained
With this new capital plan, we expect rate base to increase from $87 billion in 2026 to $162 billion by 2031.
AEP · transcript · Q3 FY2026
2026-10-28 16:21:00 UTCOpen source
2026-10-28 11:01:19 UTC$162Bnew
As a result, AEP’s rate base is expected to grow to $162 billion by 2031.
AEP · EX-99 · Q3 FY2026
2026-10-28 10:59:45 UTCOpen source
2026-10-28 16:22:07 UTCat least 13%
That translates into a rate based CAGR of >13% up from 11% in our prior 2026 through 2030 capital plan.
AEP · transcript · Q3 FY2026
2026-10-28 16:21:00 UTCOpen source
2026-10-28 11:01:19 UTCat least 13%new
The updated capital plan is expected to support a robust 13% plus rate base compound annual growth rate (CAGR) through 2031.
AEP · EX-99 · Q3 FY2026
2026-10-28 10:59:45 UTCOpen source
2026-10-28 16:22:07 UTC12% – 14%new
We believe these advantages position us to deliver top tier growth generate 12% to 14% annual total shareholder return through 2031, and create meaningful long term value for our customers, and shareholders.
AEP · transcript · Q3 FY2026
2026-10-28 16:21:00 UTCOpen source
AEPAMERICAN ELECTRIC POWER CO INCFY2026 · ends 2026-12-31
2 metrics1 loweredearnings release · 2d
2026-10-28 11:01:19 UTC$6.11 – $6.41lowered -0.8%-8.3% – -3.8% vs FY2025
| Estimated GAAP EPS Guidance | $6.11 | to | $6.41 |
AEP · EX-99 · Q3 FY2026
2026-10-28 10:59:45 UTCOpen source
2026-07-30 11:00:55 UTC$6.16 – $6.46raised +0.6%-7.5% – -3% vs FY2025
Reflecting certain items recorded through the second quarter, the estimated earnings per share on a GAAP basis would be $6.16 to $6.46 per share.
AEP · EX-99 · Q2 FY2026
2026-07-30 10:59:36 UTCOpen source
2026-05-05 11:04:53 UTC$6.12 – $6.42new-8.1% – -3.6% vs FY2025
Reflecting certain items recorded through the first quarter, the estimated earnings per share on a GAAP basis would be $6.12 to $6.42 per share. See the table below for a full reconciliation of 2026 earnings guidance.
AEP · EX-99 · Q1 FY2026
2026-05-05 11:03:37 UTCOpen source
2026-10-28 11:01:19 UTCat least $6.55
AEP expects full-year results to be at or above the high end of its 2026 operating earnings guidance range of $6.25 to $6.55 per share.
AEP · EX-99 · Q3 FY2026
2026-10-28 10:59:45 UTCOpen source
2026-07-30 11:00:55 UTC$6.25 – $6.55raised +1.6%
AEP management raised its 2026 operating earnings guidance range to $6.25 to $6.55 per share.
AEP · EX-99 · Q2 FY2026
2026-07-30 10:59:36 UTCOpen source
2026-05-06 04:01:54 UTC$6.15 – $6.45maintained
These results build on our financial and operational momentum from 2025 and give us confidence in reaffirming our full year 2026 operating earnings guidance range of $6.15-$6.45 per share.
AEP · transcript · Q1 FY2026
2026-05-06 04:00:00 UTCOpen source
2026-05-05 11:04:53 UTC$6.15 – $6.45maintained
AEP reaffirms its 2026 operating earnings guidance of $6.15 to $6.45 per share and its annual operating earnings growth rate of 7% to 9% through 2030, with an expected operating earnings compound annual growth rate (CAGR) of greater than 9%.
AEP · EX-99 · Q1 FY2026
2026-05-05 11:03:37 UTCOpen source
2026-02-13 05:01:10 UTC$6.15 – $6.45maintained
AEP's execution-driven performance in 2025 has established a solid foundation from which we are reaffirming our 2026 full-year operating earnings guidance range of $6.15-$6.45 per share.
AEP · transcript · Q4 FY2025
2026-02-13 05:00:00 UTCOpen source
2026-02-12 12:05:19 UTC$6.15 – $6.45maintained
AEP management reaffirms its 2026 operating earnings guidance range of $6.15 to $6.45 per share.
AEP · EX-99 · Q4 FY2025
2026-02-12 12:04:12 UTCOpen source
2025-10-30 04:01:20 UTC$6.15 – $6.45maintained
We are also unveiling our 2026 operating earnings guidance range of $6.15-$6.45 per share, which is an approximate 8% increase based off the 2025 guidance range midpoint.
AEP · transcript · Q3 FY2025
2025-10-30 04:00:00 UTCOpen source
2025-10-29 11:03:44 UTC$6.15 – $6.45new
The rapidly accelerating load growth also supports AEP’s 2026 operating earnings guidance of $6.15 to $6.45 per share.
AEP · EX-99 · Q3 FY2025
2025-10-29 11:02:27 UTCOpen source
AEPAMERICAN ELECTRIC POWER CO INCFY2031+ · ends 2031-12-31
2 metrics2 newearnings release · 2d
2026-10-28 11:01:19 UTC84Bnew
With 15 gigawatts (GW) of new load commitments signed during the third quarter, AEP’s incremental contracted load is expected to grow to 84 GW by 2031.
AEP · EX-99 · Q3 FY2026
2026-10-28 10:59:45 UTCOpen source
2026-10-28 11:01:19 UTCat least 10%new
AEP is further introducing an expected annual operating earnings per share growth rate of 9% to 11% from 2027 through 2031, with a greater than 10% CAGR through 2031 based off the original 2026 guidance midpoint of $6.30 per share.
AEP · EX-99 · Q3 FY2026
2026-10-28 10:59:45 UTCOpen source