American Electric Power — May 5, 2026 release

The company expects up to $16 billion in cost offsets for existing customers realized over the life of the large load contracts. AEP also continues to leverage federal tools including grants and loan guarantees to benefit customers. These loans and grants provide meaningful relief to customers, saving nearly $600 million and supporting efforts to strengthen the electric grid. During the quarter, AEP’s operating companies in Indiana, Ohio, Texas and West Virginia exemplified continued positive regulatory progress through productive commission orders and regulatory filings. “We understand that affordability is a key concern for customers and policymakers, and AEP is committed to finding creative solutions that address those concerns while helping our customers leverage cost savings tools. AEP’s scale, integrated approach and execution capabilities position us to lead during this period of transformational growth,” Fehrman said. “We are helping to build the nation’s energy backbone while creating opportunities for customers and communities we serve while delivering long-term value for all of our stakeholders.” 2 AMERICAN ELECTRIC POWER Preliminary, unaudited results First Quarter Ended March 31, 2025 2026 Variance Revenue ($ in millions): 5,463  6,020  557  Earnings ($ in millions): GAAP 800  874  74  Operating (non-GAAP) 823  891  68  EPS ($): (a) GAAP 1.50  1.61  0.11  Operating (non-GAAP) 1.54  1.64  0.10  (a) EPS is calculated using the weighted average basic common shares outstanding of 533 mill