American Electric Power — Jul 30, 2025 release

25 GAAP earnings of $2.29 per share; operating earnings of $1.43 per share. • AEP guides to the upper half of its 2025 operating earnings guidance range of $5.75 to $5.95 per share and reaffirms long-term growth rate of 6% to 8%. • AEP expects to announce a new, five-year capital plan of approximately $70 billion. • Customer agreements are secured for 24 gigawatts of new load by end of decade, up from 21 gigawatts. • Key legislative actions and regulatory approvals drove exceptional results for customers and stakeholders and provide clarity for the future. COLUMBUS, Ohio, July 30, 2025 - American Electric Power (Nasdaq: AEP) today reported second-quarter 2025 GAAP earnings of $1,226 million or $2.29 per share, compared with GAAP earnings of $340 million or $0.64 per share in second-quarter 2024. Operating earnings for second-quarter 2025 were $766 million or $1.43 per share, compared with operating earnings of $662 million or $1.25 per share in second-quarter 2024. See the detailed GAAP to operating earnings reconciliation at the end of this press release. With a strong second-quarter performance, a focus on customers, and confidence in its ability to execute, AEP is reaffirming its 2025 operating earnings guidance range of $5.75 to $5.95 per share and now guiding to the upper half of that range. The company is also reaffirming its long-term operating earnings growth rate of 6% to 8%. “Our record second-q