American Electric Power Company, Inc. · AEP · Next earnings

American Electric Power Company, Inc. reports Thursday, Oct 29, 2026

AEP reports before market open with consensus EPS at $1.98 and revenue at $6.45B. Last quarter: AEP Beats Q1 Estimates, Raises Capital Plan to $78B on Data-Center Demand

Reports Before market open39 days awayDate estimated Utilities

What the street expects

Consensus for the coming report
Consensus EPS $1.98 Calendar consensus
Consensus revenue $6.45B Calendar consensus
Report date Oct 29, 2026 Thursday, date estimated
Session Before market open 39 days away

Where AEP left off: FY2026 Q1

Full report

AEP Beats Q1 Estimates, Raises Capital Plan to $78B on Data-Center Demand

EPS surprise +4.5% Reported $1.64 vs $1.57
Revenue surprise +5.3% Reported $6.02B vs $5.72B
Stock move +1.8% Event window
Subsequent drift -7.8% Up to 20 sessions

AEP reaffirmed full-year 2026 operating earnings guidance of $6.15-$6.45 per share. The capital plan was raised to $78 billion over five years, with management citing $10 billion in additional upside opportunities. Guidance sentiment was characterized as maintained.

What to watch on the call

Carried forward from the last transcript

Risks management flagged

  • Potential delays in PJM interconnection and regulatory processes.
  • Reliance on high-credit data-center customers and concentration risk.
  • Execution risk for fuel-cell and other new-generation projects.
  • Uncertainty around the $10 billion line-of-sight projects and timing.
  • Market and weather variability affecting transmission holdco expenses.

Questions analysts left open

  • Speed and certainty of PJM interconnection and back-stop market participation.
  • Timeline and financing of the $10 billion incremental opportunities.
  • Equity financing requirements relative to the expanded capital plan.
  • Progress and risk of the Wyoming fuel-cell project schedule.
  • Mix of simple-cycle vs combined-cycle turbines and pricing outlook.

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Recent AEP quarters

All AEP earnings
+1.8%FY2026 Q1

Sources

  1. FN2 corporate events calendar, resolved from the earnings calendar feed
  2. FN2 earnings calendar analyst consensus
  3. Earnings call transcript analysis, FY2026 Q1

Methodology

The report date comes from FN2's resolved corporate-events calendar and is marked estimated until the company confirms it. Consensus figures are the calendar's latest analyst estimates for the fiscal period and are not an FN2 forecast.

Risks and open questions are carried forward verbatim from FN2's structured analysis of the previous earnings call. Missing values stay missing and are never estimated.

By FN2 Research · Updated . For educational purposes only; not investment advice.