AEP Reports First-Quarter 2026 Earnings, Reaffirms Guidance and Increases Five-Year Capital Plan

First-quarter 2026 GAAP earnings of $1.61 per share; operating earnings of $1.64 per share AEP reaffirms full-year 2026 operating earnings guidance of $6.15 to $6.45 per share New load additions expand to 63 gigawatts by 2030 Cost offsets for existing customers of up to $16 billion driven by signed customer agreements Accelerating demand drives five-year capital plan to $78 billion, with line of sight to over $10 billion in additional investment anticipated New capital plan additions of $6 billion raise the expected operating earnings CAGR to greater than 9% through 2030 COLUMBUS, Ohio, May 5, 2026 /PRNewswire/ -- American Electric Power (Nasdaq: AEP) today reported first-quarter 2026 GAAP earnings of $874 million or $1.61 per share, compared with GAAP earnings of $800 million or $1.50 per share in first-quarter 2025. Operating earnings for first-quarter 2026 were $891 million or $1.64 per share, compared with operating earnings of $823 million or $1.54 per share in first-quarter 2025.