American Electric Power reported third-quarter GAAP earnings of $1,187 million ($2.18 per share) and operating earnings of $1,216 million ($2.23 per share), up from $963 million ($1.80 per share) in the prior-year period. The company raised its full-year 2026 operating earnings guidance to at or above the high end of the previous range of $6.25 to $6.55 per share, and introduced new guidance ranges of $6.75 to $7.05 for 2027 and $7.40 to $7.70 for 2028. AEP also announced an expanded five-year capital plan totaling $100 billion through 2031, targeting a rate base CAGR of over 13% and annual operating earnings growth of 9% to 11%. The utility operates in the electric power industry, providing electricity generation, transmission, and distribution services across 11 states.
