American Electric Power — May 5, 2026 release
Fiscal 2026 first-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0000004904-26-000031
Showing in the filing
Operating EPS
“$6.15 to $6.45”
Period
FY2026
Measure
GAAP-tied
Source
Guidance table
All guidance in this release · 20
Operating earnings for FY2026
“$6.15 to $6.45 per share”
Incremental load for FY2030
“63 gigawatts”
New load additions for FY2030
“63 gigawatts”
Cost offsets for existing customers
“up to $16 billion”
Five-year capital plan for the long term
“$78 billion”
Additional investment potential
“over $10 billion”
Line of sight to additional investment poten… for the long term
“over $10 billion”
Expected operating earnings CAGR for the long term
“greater than 9%”
Operating earnings compound annual growth ra… for the long term
“greater than 9%”
Annual operating earnings growth rate for the long term
“7% to 9%”
Expected annual rate-base growth for FY2030
“nearly 11%”
Annual rate-base growth for FY2026
“nearly 11%”
Total transmission investment for FY2026
“$33 billion”
Transmission investment
“$33 billion”
Total transmission investment as percentage … for FY2026
“42%”
SPP 765-kV transmission lines planned for the long term
“315 miles”
Customer savings from loans and grants
“nearly $600 million”
Estimated GAAP EPS for FY2026
“$6.12 to $6.42”
Estimated GAAP EPS reflecting certain items … for Q1 FY2026
“$6.12 to $6.42 per share”
Operating EPS for FY2026
“$6.15 to $6.45”
Exhibit 99.1 · the passage around this item
… earlier in the release
2026 EPS Guidance Reconciliation Estimated GAAP EPS Guidance $6.12 to $6.42 Mark-to-Market Impact of Commodity Hedging Activities 0.05 Impact of WVPSC Order (0.07) Pirkey Plant Disallowance 0.06 Income Tax Effect of Adjustments (0.01) Operating EPS Guidance $6.15 to $6.45 WEBCAST AEP’s quarterly discussion with financial analysts and investors will be broadcast live over the internet at 9 a.m. Eastern today at http://www.aep.com/webcasts. The webcast will include audio of the discussion and visuals of charts and graphics referred to by AEP management. The charts and graphics will be available for download at http://www.aep.com/webcasts. AEP reports its financial results in accordance with GAAP. AEP supplements its reporting of financial information with certain non-GAAP financial measures, such as operating earnings and operating earnings per share. The most comparable GAAP measure to operating earnings and operating earnings per share is GAAP earnings and GAAP earnings per share, respectively. This information is intended to enhance an investor's overall understanding of period over period financial results and provide an indication of AEP's baseline operating performance by excluding items that are considered by management to be not directly related to the ongoing operations of the business. In addition, this information is among the primary indicators management uses as a basis for evaluating performance, allocating resources, setting incentive
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.