AEP Q1 GAAP EPS $1.61 (up 7.3% YoY), operating EPS $1.64; raises five-year capex to $78B

AMERICAN ELECTRIC POWER CO INC

2026-Q1 EPS reported $1.60 revenue$6,020,000,000

Q1 GAAP net income $874M ($1.61 EPS) vs $800M ($1.50) YoY; operating earnings $891M ($1.64 EPS) vs $823M ($1.54).
Reaffirms FY2026 operating EPS guidance $6.15-$6.45; expects operating earnings CAGR >9% through 2030.
Increases five-year capital plan to $78B (from $72B) driven by PJM/SPP transmission awards and new gas generation in Indiana.
New load commitments 63 GW by 2030 (41 GW from AEP Texas); expects up to $16B in customer cost offsets.

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