American Electric Power Company, Inc.: Beat — EPS $2.23, Revenue $6.83B
Earnings BeatQ3 2026 · Pre-market
Did American Electric Power Company, Inc. (AEP) beat earnings today?
Yes, American Electric Power Company, Inc. (AEP) beat Wall Street analyst expectations for Q3 2026, reporting higher-than-expected EPS and higher-than-expected revenue.
Earnings Per Share+9.31% surprise
$2.23Actual
Expected: $2.04
vs. year ago +23.9%
Total Revenue+4.62% surprise
$6.83BActual
Expected: $6.53B
vs. year ago +13.7%
Released Oct 28 · 6:57 AM ET
Earning Report
| Metric | Q3 2026 | Q3 2025 | YoY Change % |
|---|---|---|---|
| Revenue | $6.83B | $6.01B | +13.7 |
| Net Income | $1.19B | $972.00M | +22.1 |
| GAAP EPS | $2.18 | $1.82 | +19.8 |
| Operating EPS | $2.23 | $1.80 | +23.9 |
Financial Outlook / Guidance
| Metric | Next Quarter Outlook | FY26-FY31 Outlook |
|---|---|---|
| GAAP EPS | — | $6.11-$6.41/share (FY26) |
| Operating EPS | — | ≥$6.55/share ($6.25-$6.55/share, FY26) |
| Operating EPS | — | $6.75-$7.05/share (FY27) |
| Operating EPS | — | $7.40-$7.70/share (FY28) |
| Operating EPS Growth | — | 9%-11% (FY27-FY31) |
| Operating EPS CAGR | — | >10% (through FY31) |
| Capital Plan | — | $100B (FY27-FY31) |
| Rate Base CAGR | — | 13%+ (through FY31) |
Business Highlights
- ➤Signed 15 GW of new load commitments during the third quarter.
- ➤Incremental contracted load is expected to reach 84 GW by 2031.
- ➤Contracted-load projects require executed electric service agreements or letters of agreement.
- ➤Proposed a second Indiana rate reduction.
- ➤Plans investments to strengthen reliability, modernize the grid and serve growing demand.
- ➤Operates the nation’s largest electric transmission system with approximately 40,000 line miles.
- ➤Operates and maintains more than 253,000 miles of distribution lines.
- ➤Serves 5.6 million customers across 11 states.
Management Commentary
Bill Fehrman, AEP chairman, president and chief executive officer
“AEP is entering our next phase of growth from a position of strength. Our expanded capital plan and increased growth rate reflect the significant opportunities ahead and our ability to execute at scale to help meet rapidly growing energy needs while delivering long-term value to our customers, communities, shareholders and all other stakeholders.”
Bill Fehrman, AEP chairman, president and chief executive officer
“As electricity demand accelerates, AEP is committed to having new large-load customers bear the incremental system costs they create and fund the investments required to serve them. By pairing disciplined customer agreements with strategic investments in generation, transmission and distribution, we can strengthen reliability, drive affordability for customers and bring new economic opportunities to the communities we serve.”