AEP Reports Q2 2026 Results, Raises Guidance and Outlines Expanded Capital Plan
American Electric Power (AEP) reported second-quarter operating earnings of $1.36 per share ($742 million), impacted by a transmission minority interest sale in 2025 and timing-related tax items. The company raised its full-year guidance to between $6.25 and $6.55 per share, up from the previous range of $6.15–$6.45, citing strong performance and favorable regulatory outcomes. AEP outlined a significant capital plan of $78 billion for 2026 through 2030—more than double its prior five-year investment target—and expects an almost 11% compound annual growth rate in regulated rate base by 2030. The company also secured over $5 billion in federal support, including loans and grants from the Department of Energy to fund transmission projects. Regulatory wins included a higher return on equity (ROE) in Ohio and Oklahoma settlements that improve earned returns for customers. AEP is also expanding its contracted load growth with 69 gigawatts through 2030 and has secured additional gas turbine capacity, enhancing long-term reliability.
Tickers: $AEP
Topics: capital investment financial performance guidance update