AEP reports Q4 GAAP EPS $1.09, full-year $6.70; reaffirms 2026 guidance; load demand doubles to 56 GW

AMERICAN ELECTRIC POWER CO INC

2025-FY EPS reported $6.66 revenue$21,876,000,000

Full-year GAAP EPS $6.70, operating EPS $5.97; Q4 GAAP EPS $1.09 vs $1.25 YoY, operating $1.19 vs $1.24.
Revenue rose to $21.9B in 2025 from $19.7B in 2024; Q4 revenue $5.3B vs $4.7B.
Incremental load demand by 2030 doubled to 56 GW from 28 GW in October, all with signed agreements.
Identified $5B-$8B incremental investment beyond $72B five-year capital plan; acquired 2.2 GW generation and secured 10 GW gas turbine capacity.
Reaffirmed 2026 operating EPS guidance $6.15-$6.45 and long-term growth rate 7%-9%.

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