American Electric Power Reports Strong Q3 2026 Results and Raises Long-Term Growth Guidance
American Electric Power (AEP) reported robust third-quarter 2026 financial results, with operating EPS rising to $2.23 from $1.80 in the prior year. Revenue grew to $6.8 billion, driven by increased sales and delivery across utility segments and favorable regulatory outcomes. The company's performance was bolstered by strong demand growth and higher segment contributions throughout its portfolio. Looking ahead, AEP significantly upgraded its long-term outlook, raising its projected operating EPS growth rate to 9%–11% for the period through 2031. This expansion is supported by an ambitious $100 billion capital plan focused on transmission, generation, and distribution infrastructure. The company expects a substantial increase in its rate base, targeting $162 billion by 2031 to accommodate rising load requirements.
Tickers: $AEP
Topics: capital expenditure plan earnings report EPS guidance financial outlook revenue growth