Recent Updates — AEP
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.
On September 29, 2026, Alicia Knapp, President of Nuclear Development at American Electric Power (AEP), left the company involuntarily. Her departure triggers benefits under the Executive Severance Plan, including one times her current salary and target annual incentive compensation, along with prorated vesting of performance shares and restricted stock units. Ms. Knapp must sign a severance agreement releasing claims and agreeing to non-compete and confidentiality covenants for one year. American Electric Power operates in the electric utility industry, providing electricity generation and distribution services primarily in the Midwestern and Southern United States.
American Electric Power reported second-quarter 2026 GAAP earnings of $713 million, or $1.31 per share, down from $1,226 million, or $2.29 per share, in the prior year period due to a transmission minority interest sale and timing of tax items. Operating earnings were $742 million, or $1.36 per share, compared to $766 million, or $1.43 per share, previously. The company raised its full-year 2026 operating earnings guidance to $6.25–$6.55 per share from the prior range of $6.15–$6.45 per share. AEP also reaffirmed an annual operating earnings growth rate of 7% to 9% through 2030 and expanded contracted load additions to 69 gigawatts through 2030, including securing approximately 13 GW of gas-fired turbine capacity. American Electric Power operates as a major electric utility providing generation, transmission, and distribution services across the United States.
On July 20, 2026, American Electric Power Company, Inc. appointed David S. Marriott and Charles J. Meyers to its Board of Directors. Mr. Marriott, Chairman of Marriott International, Inc., joins the Audit and Technology Committees. Mr. Meyers, Executive Chairman of Equinix, Inc., joins the Nominating, Governance & Compensation and Nuclear Oversight Committees. Both directors are designated as independent and will serve until the 2027 annual meeting of shareholders. The company operates in the electric utility industry, providing power generation and transmission services.
American Electric Power entered into forward sale agreements for 23,543,308 shares of common stock at an initial price of $124.968 per share, with settlement expected by May 2028. This transaction allows the company to lock in capital proceeds at a predetermined price, providing a mechanism for future liquidity while establishing a clear timeline for eventual equity dilution.
American Electric Power Company, Inc. has released its financial results for the first quarter ending March 31, 2026. This disclosure is a key event for investors to evaluate the company's recent quarterly performance and overall financial health.