American Electric Power — Jul 30, 2025 release

AEP has secured customer agreements with firm financial commitments to add 24 gigawatts of incremental load by 2030, primarily in its Indiana, Ohio and Texas high-growth service areas. This will bring AEP’s peak load to more than 60 gigawatts, which is among the fastest-growing in the industry. In addition, there are more than 190 gigawatts of load requests at various stages of development, and AEP is actively working to convert these requests into contracts to promote long-term growth well into the next decade. These load additions to the system will also help moderate rate increases for existing AEP customers. “AEP is strategically positioned for sustained growth as we transform the electric grid and invest in new resources to meet the generational load growth opportunity in front of us, benefitting our customers, communities and all other stakeholders,” Fehrman concluded. 2 AMERICAN ELECTRIC POWER Preliminary, unaudited results Second Quarter Ended June 30, Year-to-Date Ended June 30, 2025 2024 Change 2025 2024 Change Revenue ($ in millions): 5,086.9  4,579.2  507.7  10,550.3  9,604.9  945.4  Earnings ($ in millions): GAAP 1,225.8  340.3  885.5  2,026.0  1,343.4  682.6  Operating (non-GAAP) 765.7  662.0  103.7  1,589.0  1,332.4  256.6  EPS ($): GAAP 2.29  0.64  1.65  3.80  2.55  1.25  Operating (non-GAAP) 1.43  1.25  0.18  2.98  2.52  0.46  EPS based on 534 million shares 2Q 2025, 529 million shares 2Q 2024. SUMMARY