Revenue: As of FY2026 Q2, the actual value is USD 5.445 B.

EPS: As of FY2026 Q2, the actual value is USD 1.31, missing the estimate of USD 1.4718.

Financial Performance (Second Quarter 2026)

American Electric Power Company, Inc. reported GAAP earnings of $713 million for the second quarter of 2026, a decrease from $1,226 million in the second quarter of 2025. Operating earnings for the second quarter of 2026 were $742 million, compared to $766 million in the same period of 2025. Total revenue for the second quarter of 2026 was $5,445 million, an increase from $5,087 million in the second quarter of 2025.

Financial Performance (Year-to-Date 2026)

For the year-to-date period ended June 30, 2026, GAAP earnings were $1,587 million, down from $2,026 million for the same period in 2025. Operating earnings for the year-to-date period were $1,633 million, an increase from $1,589 million in 2025. Total revenue for the year-to-date period was $11,465 million, up from $10,550 million in 2025.

Segment Earnings (GAAP) - Second Quarter

• Vertically Integrated Utilities: $284 million in Q2 2026, down from $433 million in Q2 2025.
• Transmission & Distribution Utilities: $222 million in Q2 2026, down from $224 million in Q2 2025.
• AEP Transmission Holdco: $225 million in Q2 2026, down from $578 million in Q2 2025.
• Generation & Marketing: $97 million in Q2 2026, up from $62 million in Q2 2025.
• All Other: - $115 million in Q2 2026, compared to - $71 million in Q2 2025.

Segment Earnings (Operating, non-GAAP) - Second Quarter

• Vertically Integrated Utilities: $302 million in Q2 2026, up from $297 million in Q2 2025.
• Transmission & Distribution Utilities: $239 million in Q2 2026, up from $224 million in Q2 2025.
• AEP Transmission Holdco: $225 million in Q2 2026, up from $224 million in Q2 2025.
• Generation & Marketing: $91 million in Q2 2026, down from $92 million in Q2 2025.
• All Other: - $115 million in Q2 2026, compared to - $71 million in Q2 2025.

Segment Earnings (GAAP) - Year-to-Date

• Vertically Integrated Utilities: $746 million in YTD 2026, down from $757 million in YTD 2025.
• Transmission & Distribution Utilities: $459 million in YTD 2026, up from $389 million in YTD 2025.
• AEP Transmission Holdco: $434 million in YTD 2026, down from $813 million in YTD 2025.
• Generation & Marketing: $172 million in YTD 2026, up from $164 million in YTD 2025.
• All Other: - $224 million in YTD 2026, compared to - $97 million in YTD 2025.

Segment Earnings (Operating, non-GAAP) - Year-to-Date

• Vertically Integrated Utilities: $766 million in YTD 2026, up from $647 million in YTD 2025.
• Transmission & Distribution Utilities: $476 million in YTD 2026, up from $416 million in YTD 2025.
• AEP Transmission Holdco: $434 million in YTD 2026, down from $459 million in YTD 2025.
• Generation & Marketing: $181 million in YTD 2026, up from $168 million in YTD 2025.
• All Other: - $224 million in YTD 2026, compared to - $101 million in YTD 2025.

Operational Metrics

Regulated Connected Load (KWh) - Three Months Ended June 30, 2026 vs 2025

• Vertically Integrated Utilities: Total KWhs increased by 4.4% to 26,382 million KWh. Retail sales grew by 4.6% to 22,832 million KWh, driven by a 14.9% increase in commercial sales and a 1.1% increase in residential sales.
• Transmission & Distribution Utilities: Total KWhs increased by 10.3% to 27,611 million KWh. Retail sales increased by 11.4% to 27,355 million KWh, with commercial sales up 17.4% and industrial sales up 15.0%.

Regulated Connected Load (KWh) - Six Months Ended June 30, 2026 vs 2025

• Vertically Integrated Utilities: Total KWhs increased by 0.3% to 54,159 million KWh. Retail sales grew by 2.8% to 47,064 million KWh, primarily due to a 15.4% increase in commercial sales.
• Transmission & Distribution Utilities: Total KWhs increased by 10.9% to 54,601 million KWh. Retail sales increased by 11.7% to 53,702 million KWh, driven by a 24.8% increase in commercial sales and an 8.5% increase in industrial sales.

Load Growth & Generation Capacity

American Electric Power Company, Inc. expanded new load additions to 69 gigawatts (GW) through 2030 and secured approximately 13 GW of gas-fired turbine capacity. An additional 10 GW of turbine capacity is under evaluation for deployment through 2035.

Customer Savings

The company identified up to $16 billion in expected cost offsets from load growth for residential customers in its vertically integrated utilities. American Electric Power Company, Inc. has secured approximately $5 billion in U.S. Department of Energy (DOE) loans and nearly $400 million in DOE grants. These are expected to deliver nearly $1.4 billion in estimated customer benefits over the life of the loans and grants.

Outlook / Guidance

American Electric Power Company, Inc. raised its full-year 2026 operating earnings guidance to a range of $6.25 to $6.55 per share, up from the previous range of $6.15 to $6.45 per share. The company reaffirmed 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% based on the 2025 guidance midpoint. This guidance is supported by a five-year, $78 billion capital plan and line of sight to incremental capital investments exceeding $10 billion.