Analyst Consensus ?
ConsensusBuy33 ratings
Bullish2163.6%
Neutral1236.4%
Bearish00.0%
1 unmapped firm rating excluded from the percentages.
American Electric Power Company, Inc. · AEP · FY2026 Q2 · Calendar Q3 2026
AEP raises 2026 guidance as contracted load and capex plans expand
AEP’s raised guidance, contracted-load pipeline, and expanded capital plan strengthen the growth case, but the thesis depends on converting demand into financed, permitted, and executable projects.
Reported Before market openNASDAQUtilities
$65.47B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$1.36
Consensus $1.48
EPS surprise
-8.1%
Reported versus consensus
Reported revenue
$5.45B
Consensus $5.34B
Revenue surprise
+1.9%
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
-1.3%
Event window
SPY move
+1.7%
Same window
Abnormal move
-2.9%
Stock minus SPY
Volume
1.4×
Versus trailing sessions
Subsequent drift
-4.0%
Up to 20 sessions
AEPSPY benchmark
Ask FN2 about AEP FY2026 Q2
Transcript, numbers and history already loaded
Why did AEP fall 1.3% after missing EPS estimates in FY2026 Q2?What changed in AEP's guidance and outlook in FY2026 Q2?Give me the bull and bear case for AEP after FY2026 Q2 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Compared with the prior quarter, AEP raised 2026 EPS guidance, reported 69 GW of contracted load additions through 2030, and maintained the $78 billion five-year capital plan. Management also highlighted approximately $5 billion of DOE loan guarantees and $400 million of grants, while advancing turbine, transmission, and fuel-cell projects.
Guidance delta
Management raised full-year 2026 EPS guidance to $6.25-$6.55 per share from the prior quarter’s $6.15-$6.45 range.
Key takeaways
- AEP raised full-year 2026 EPS guidance and highlighted 69 GW of contracted load additions through 2030.
- The $78 billion five-year capital plan is focused on transmission, generation, and infrastructure for large-load customers.
- DOE financing and regulatory settlements support cost recovery, while project timing and customer concentration remain risks.
Management priorities
- Advance large-load contracts, tariffs, and interconnection processes.
- Execute the $78 billion capital plan, including transmission, generation, and the Wyoming fuel-cell project.
- Procure turbine capacity and evaluate additional generation and GenCo structures.
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Beat
Miss
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Analyst 52W Price Targets
$118.45Current
$81Low
$124.8Average
$150High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Sep 23, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| Morgan Stanley | Overweight | Overweight | Maintain | Sep 18, 2026 |
| Truist Securities | Buy | Buy | Maintain | Aug 17, 2026 |
| Citigroup | Neutral | Neutral | Maintain | Aug 5, 2026 |
| Barclays | Equal Weight | Equal Weight | Maintain | Aug 3, 2026 |
| Mizuho | Neutral | Neutral | Maintain | Jul 31, 2026 |
| BMO Capital | Market Perform | Market Perform | Maintain | Jul 22, 2026 |
| Goldman Sachs | Neutral | Buy | Downgrade | Jul 16, 2026 |
| Ladenburg Thalmann | Buy | Buy | Maintain | Jun 18, 2026 |
| TD Cowen | Buy | Buy | Maintain | May 15, 2026 |
| Wells Fargo | Overweight | Overweight | Maintain | May 6, 2026 |
| Scotiabank | Sector Perform | Sector Perform | Maintain | May 6, 2026 |
| Seaport Global | Buy | Neutral | Upgrade | Apr 20, 2026 |
| JP Morgan | Neutral | Neutral | Maintain | Mar 12, 2026 |
| Evercore ISI Group | Outperform | Outperform | Maintain | Mar 5, 2026 |
| UBS | Neutral | Sell | Upgrade | Feb 27, 2026 |
| Wolfe Research | Outperform | Peer Perform | Upgrade | Feb 13, 2026 |
| B of A Securities | Neutral | Buy | Downgrade | Jan 12, 2026 |
| Jefferies | Buy | Hold | Upgrade | Nov 17, 2025 |
| Raymond James | Outperform | Outperform | Maintain | Jul 31, 2025 |
| Guggenheim | Buy | Buy | Maintain | May 7, 2025 |
| RBC Capital | Outperform | Outperform | Maintain | May 3, 2024 |
| CFRA | Buy | Buy | Maintain | Feb 27, 2024 |
| Credit Suisse | Outperform | Outperform | Maintain | Dec 16, 2022 |
| Edward Jones | Buy | Buy | Maintain | Mar 11, 2021 |
| KeyBanc | Overweight | Downgrade | Jan 12, 2021 | |
| SunTrust Robinson Humphrey | Buy | Buy | Maintain | Feb 21, 2020 |
| Scotia Howard Weil | Perform | Sector Perform | Maintain | Jul 24, 2018 |
| Argus Research | Buy | Buy | Maintain | May 24, 2018 |
| Argus | Buy | Buy | Maintain | May 24, 2018 |
| Macquarie | Outperform | Neutral | Upgrade | Jan 22, 2018 |
| Deutsche Bank | Buy | Hold | Upgrade | Jan 18, 2018 |
| Hilliard Lyons | Hold | Buy | Downgrade | Jul 29, 2016 |
| ISI Group | Neutral | Buy | Downgrade | Apr 21, 2014 |
| Bank of America | Buy | Neutral | Upgrade | Aug 9, 2012 |
Named analyst price targets
Upside is calculated against the persisted current price $118.45. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| UBS | Analyst unavailable | $139 | $120.46 | +17.3% | Sep 21, 2026 |
| Morgan Stanley | Analyst unavailable | $135 | $124.3 | +14.0% | Aug 21, 2026 |
| Truist Financial | Richard Sunderland | $139 | $125.6 | +17.3% | Aug 17, 2026 |
| Barclays | Analyst unavailable | $129 | $127.85 | +8.9% | Aug 3, 2026 |
| Morgan Stanley | David Arcaro | $139 | $132.36 | +17.3% | Jul 22, 2026 |
| Goldman Sachs | Carly Davenport | $147 | $132.5 | +24.1% | Jul 16, 2026 |
| Barclays | Analyst unavailable | $138 | $135.43 | +16.5% | Jul 13, 2026 |
| Morgan Stanley | David Arcaro | $129 | $129.26 | +8.9% | May 21, 2026 |
| Raymond James | Analyst unavailable | $144 | $131.5 | +21.6% | May 8, 2026 |
| Barclays | Analyst unavailable | $136 | $132.56 | +14.8% | May 7, 2026 |
| Scotiabank | Analyst unavailable | $140 | $137.04 | +18.2% | May 6, 2026 |
| Morgan Stanley | Analyst unavailable | $136 | $133.01 | +14.8% | Apr 21, 2026 |
| Wells Fargo | Analyst unavailable | $144 | $133.28 | +21.6% | Apr 21, 2026 |
| Seaport Global | Angie Storozynski | $145 | $133.66 | +22.4% | Apr 20, 2026 |
| Barclays | Analyst unavailable | $135 | $135.46 | +14.0% | Apr 15, 2026 |
| Morgan Stanley | Analyst unavailable | $133 | $128.95 | +12.3% | Feb 20, 2026 |
| Jefferies | Analyst unavailable | $150 | $128.42 | +26.6% | Feb 20, 2026 |
| BMO Capital | James Thalacker | $136 | $129.94 | +14.8% | Feb 17, 2026 |
| Wells Fargo | Analyst unavailable | $141 | $128.9 | +19.0% | Feb 13, 2026 |
| Mizuho Securities | Anthony Crowdell | $130 | $126.43 | +9.8% | Feb 13, 2026 |
| Wolfe Research | Steve Fleishman | $142 | $126.43 | +19.9% | Feb 13, 2026 |
| Barclays | Analyst unavailable | $121 | $118.98 | +2.2% | Jan 22, 2026 |
| Morgan Stanley | Analyst unavailable | $125 | $118.29 | +5.5% | Jan 21, 2026 |
| Wells Fargo | Analyst unavailable | $140 | $119.96 | +18.2% | Jan 20, 2026 |
| Williams Trading | Christopher Ellinghaus | $137 | $115.62 | +15.7% | Dec 18, 2025 |
| UBS | Analyst unavailable | $107 | $114.57 | -9.7% | Dec 17, 2025 |
| Morgan Stanley | Analyst unavailable | $120 | $115.78 | +1.3% | Dec 16, 2025 |
| Morgan Stanley | Analyst unavailable | $128 | $121.69 | +8.1% | Nov 20, 2025 |
| Jefferies | Julien Dumoulin-Smith | $137 | $121.3 | +15.7% | Nov 17, 2025 |
| Raymond James | Analyst unavailable | $138 | $122.39 | +16.5% | Oct 30, 2025 |
| Scotiabank | Analyst unavailable | $121 | $121.93 | +2.2% | Oct 30, 2025 |
| Evercore ISI | Nicholas Amicucci | $137 | $121.93 | +15.7% | Oct 30, 2025 |
| Mizuho Securities | Analyst unavailable | $123 | $122.11 | +3.8% | Oct 30, 2025 |
| BMO Capital | Analyst unavailable | $126 | $122.11 | +6.4% | Oct 30, 2025 |
| Wells Fargo | Analyst unavailable | $132 | $116.39 | +11.4% | Oct 27, 2025 |
| Morgan Stanley | Analyst unavailable | $123 | $117.85 | +3.8% | Oct 22, 2025 |
| Jefferies | Analyst unavailable | $128 | $119.71 | +8.1% | Oct 16, 2025 |
| BMO Capital | Analyst unavailable | $127 | $118.53 | +7.2% | Oct 16, 2025 |
| Barclays | Analyst unavailable | $117 | $116.8 | -1.2% | Oct 14, 2025 |
| UBS | Analyst unavailable | $116 | $116.91 | -2.1% | Oct 10, 2025 |
| Evercore ISI | Analyst unavailable | $133 | $115.66 | +12.3% | Oct 6, 2025 |
| Mizuho Securities | Anthony Crowdell | $113 | $108.08 | -4.6% | Sep 16, 2025 |
| Mizuho Securities | Anthony Crowdell | $116 | $113.25 | -2.1% | Jul 31, 2025 |
| Guggenheim | Shahriar Pourreza | $115 | $107.44 | -2.9% | May 7, 2025 |
| Morgan Stanley | David Arcaro | $114 | $107.02 | -3.8% | Apr 23, 2025 |
| BMO Capital | James Thalacker | $111 | $100.25 | -6.3% | Oct 4, 2024 |
| BMO Capital | James Thalacker | $114 | $101.5 | -3.8% | Oct 3, 2024 |
| Morgan Stanley | David Arcaro | $108 | $101.62 | -8.8% | Sep 25, 2024 |
| Bank of America Securities | Paul Cole | $98 | $99.11 | -17.3% | Aug 29, 2024 |
| Morgan Stanley | David Arcaro | $102 | $98.87 | -13.9% | Aug 23, 2024 |
| Scotiabank | Andrew Weisel | $99 | $98.29 | -16.4% | Jul 31, 2024 |
| BMO Capital | James Thalacker | $104 | $96.38 | -12.2% | Jul 29, 2024 |
| Morgan Stanley | David Arcaro | $98 | $88.8 | -17.3% | May 28, 2024 |
| BMO Capital | James Thalacker | $99 | $91.52 | -16.4% | May 14, 2024 |
| RBC Capital | Shelby Tucker | $100 | $88.25 | -15.6% | May 3, 2024 |
| BMO Capital | James Thalacker | $95 | $86.72 | -19.8% | May 1, 2024 |
| Barclays | Nicholas Campanella | $84 | $82.1 | -29.1% | Apr 15, 2024 |
| Morgan Stanley | Analyst unavailable | $112 | $94.65 | -5.4% | Feb 2, 2023 |
| Morgan Stanley | Analyst unavailable | $110 | $97.14 | -7.1% | Dec 15, 2022 |
| Morgan Stanley | Analyst unavailable | $104 | $91.24 | -12.2% | Nov 11, 2022 |
| Morgan Stanley | Analyst unavailable | $116 | $98.63 | -2.1% | Sep 22, 2022 |
| Morgan Stanley | Analyst unavailable | $118 | $103.41 | -0.4% | Aug 23, 2022 |
| Credit Suisse | Analyst unavailable | $105 | $96.26 | -11.4% | Jul 28, 2022 |
| BMO Capital | Analyst unavailable | $106 | $96.29 | -10.5% | Jul 28, 2022 |
| Morgan Stanley | Analyst unavailable | $111 | $92.71 | -6.3% | Jul 21, 2022 |
| Morgan Stanley | Analyst unavailable | $101 | $91.71 | -14.7% | Jun 23, 2022 |
| Morgan Stanley | Analyst unavailable | $113 | $100.03 | -4.6% | May 23, 2022 |
| Wells Fargo | Analyst unavailable | $111 | $102.43 | -6.3% | Apr 29, 2022 |
| CFRA | Analyst unavailable | $108 | $101.89 | -8.8% | Apr 28, 2022 |
| Credit Suisse | Analyst unavailable | $113 | $100.5 | -4.6% | Apr 26, 2022 |
| Morgan Stanley | Analyst unavailable | $117 | $102.47 | -1.2% | Apr 20, 2022 |
| RBC Capital | Shelby Tucker | $106 | $94.74 | -10.5% | Mar 14, 2022 |
| Goldman Sachs | Michael Lapides | $81 | $87.06 | -31.6% | Jul 27, 2021 |
| Bank of America Securities | Julien Dumoulin Smith | $97 | $85.4 | -18.1% | Jul 26, 2021 |
| Barclays | Eric Beaumont | $105 | $83.7 | -11.4% | May 25, 2021 |
Track every rating change on AEP the moment it posts. Free to start.
Start freeCompany context
Snapshot as of publicationAmerican Electric Power Company, Inc. (AEP) operates as a prominent electric utility holding company, with its core business encompassing the generation, transmission, and delivery of electricity. Serving both retail and wholesale clients across the United States, AEP organizes its extensive operations into several key segments: Vertically Integrated Utilities, Transmission and Distribution Utilities, AEP Transmission Holdco, and Generation & Marketing. The firm produces its electrical power from a diverse portfolio of energy sources, including coal, lignite, natural gas, nuclear, hydroelectric, solar, and wind power, alongside other emerging technologies. Beyond direct consumer sales, AEP also functions as a major wholesale electricity supplier, providing power to other utility companies, rural electric cooperatives, municipalities, and various other participants within the energy market. Incorporated in 1906, the company's corporate headquarters are situated in Columbus, Ohio.
Historical context
All AEP earningsLatest beats and misses
Who reports nextBeat on EPS
- AZOFY2026 Q4 · September 22, 2026+3.6% EPS+3.3% move
- FPSFY2026 Q4 · September 15, 2026+4.3% EPS+9.5% move
- TCOMFY2026 Q2 · September 15, 2026+22.3% EPS+3.0% move
- KRFY2026 Q2 · September 11, 2026+2.8% EPS+2.7% move
- ADBEFY2026 Q3 · September 10, 2026+0.8% EPS+1.4% move
- ORCLFY2027 Q1 · September 10, 2026+10.3% EPS-1.7% move
Get the AEP recap when the next report posts
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Sources
- Earnings call transcript and parsed analysis · 2026-07-30T17:11:08.246853+00:00
- FN2 earnings calendar · 2026-09-04T01:23:15.205020+00:00
- Polygon adjusted daily market bars · 2026-09-23T14:22:01.140445+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-09-23T14:22:01.137539+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-09-23. For educational purposes only; not investment advice.