American Electric Power — Jul 30, 2025 release

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-quarter results reflect the strength of our customer-focused strategy and the dedication of our teams across the company,” said Bill Fehrman, AEP president and chief executive officer. 1 Customer-Centric Approach Drives Results AEP’s operating companies are focused on customer service, which supports safe, reliable and affordable energy systems aligned with the strategic goals of each state. Recent legislative advancements in Oklahoma, Ohio and Texas support growing infrastructure investment opportunities. Key regulatory achievements like the acquisition of the Green Country natural gas plant in Oklahoma and the approval of large load tariffs across several jurisdictions are driving positive results, allowing AEP to continue to enhance service, invest in communities and bolster economic growth. “One of my first actions as CEO was to empower our operating companies to put the customer first, while deepening collaboration with our state and federal regulators, legislators and policymakers. This strategy is delivering meaningful results for all stakeholders,” added Fehrman. S