AMERICAN ELECTRIC POWER CO INC (AEP) Form 8-K — Oct 28, 2026
AEP reported third-quarter 2026 operating EPS of $2.23 versus $1.80 a year ago, with GAAP EPS of $2.18 versus $1.82, and said full-year 2026 operating earnings will be at or above the high end of its $6.25-$6.55 guidance range. The utility expanded its five-year capital plan to $100 billion through 2031, supporting 13%+ rate base CAGR, and introduced new long-term guidance of 9-11% annual operating EPS growth from 2027 through 2031. It issued 2027 and 2028 operating EPS guidance of $6.75-$7.05 and $7.40-$7.70, respectively.
Key figures
- Eps
- 2.23
- Revenue
- 6832000000
- Guidance
- 2026 operating EPS at or above high end of $6.25-$6.55; 2027 guidance $6.75-$7.05; 2028 guidance $7.40-$7.70; 9-11% annual operating EPS growth 2027-2031, 10%+ CAGR through 2031
- Net Income
- 1187000000
- Revenue Yoy
- Q3 revenue $6,832M vs $6,011M prior year (+$821M); YTD $18,297M vs $16,561M
- Rate base 2031
- $162 billion
- Rate base cagr
- 13%+ through 2031
- Capital plan 5yr
- $100 billion through 2031
- Q3 2026 gaap eps
- 2.18
- Fixed cost offsets
- up to $21 billion (up from $16 billion)
- Generation investment
- $36 billion
- Q3 2025 operating eps
- 1.8
- Distribution investment
- $22 billion
- New load commitments q3
- 15 GW
- Transmission investment
- $37 billion
- Incremental contracted load 2031
- 84 GW
- Q3 2026 operating earnings millions
- 1216
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