AEP
FY2026 Q1 · Calendar Q2 2026
American Electric Power Company, Inc.
AEP delivered a Q1 2026 beat with $1.64 in operating EPS versus $1.57 consensus and $6.02 billion in revenue versus $5.72 billion estimated, driven by robust load growth from data centers and industrial customers. The company raised its five-year capital plan to $78 billion, with $33 billion for transmission and $24 billion for generation, and reaffirmed full-year 2026 guidance of $6.15-$6.45 per share. Contracted load reached 63 GW, approximately 90% from data centers, underpinning the growth outlook. Regulatory successes delivered $16 billion in customer cost offsets, and a $1.6 billion DOE loan guarantee for transmission is expected to save customers over $275 million. Despite the strong quarter, the stock drifted approximately 7.8% lower in subsequent weeks, with analyst attention focused on PJM interconnection timing, equity financing needs, and execution risk on the expanded…
EPS surprise+4.5%
Market move+1.8%
