Year-end 2025 operating earnings were $3.19 billion or $5.97 per share, compared with operating earnings of $2.98 billion or $5.62 per share for year-end 2024. See the detailed GAAP to operating earnings reconciliation at the end of this press release. AEP reaffirmed its 2026 operating earnings outlook of $6.15 to $6.45 per share and its long-term operating earnings growth rate of 7% to 9%. These results reflect AEP’s continued focus on developing essential infrastructure while maintaining affordability for customers. “We delivered an exceptional year in 2025, with strong financial performance enabling us to advance infrastructure investments that are driving sustained growth,” said Bill Fehrman, AEP chairman, president and chief executive officer. “AEP is exceptionally well positioned for the future with the scale and discipline to execute large-scale infrastructure projects needed to meet unprecedented customer demand in some of the highest-growth regions in the country. We remain committed to making investments that deliver long-term value while helping keep rates affordable for our customers.” 1 Generational Load Growth Drives Investment AEP continues to expand its large load customer base, with signed agreements for an additional 28 gigawatts (GW) of load since last October, bringing the incremental demand to 56 GW of new load by 2030. This incremental load has doubled since October, underscoring the confidence customers have in AEP to deliver complex projects throughout its service area. Load in AEP

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Text is the filed exhibit, verbatim.