American Electric Power — Jul 30, 2026 release

During the second quarter, AEP secured three additional GW of gas-fired turbine capacity, bringing its total secured capacity to approximately 13 GW for potential deployment through 2031. AEP is also evaluating opportunities to obtain up to 10 GW of additional turbine capacity through 2035. This proactive approach provides greater visibility and flexibility in AEP’s generation planning and reinforces its ability to serve accelerating load growth across the footprint. “AEP is demonstrating the value of our scale, industry expertise and disciplined focus on execution to benefit our customers,” said Fehrman. “We are building partnerships and making strategic investments in generation and transmission that support reliability and affordability while helping customers and communities capture the benefits of generational energy demand growth.” 2 AMERICAN ELECTRIC POWER Preliminary, unaudited results Second Quarter Ended June 30, Year-to-Date Ended June 30, 2025 2026 Variance 2025 2026 Variance Revenue ($ in millions): 5,087  5,445  358  10,550  11,465  915  Earnings ($ in millions): GAAP 1,226  713  (513) 2,026  1,587  (439) Operating (non-GAAP) 766  742  (24) 1,589  1,633  44  EPS ($): (a) GAAP 2.29  1.31  (0.98) 3.80  2.92  (0.88) Operating (non-GAAP) 1.43  1.36  (0.07) 2.98  3.01  0.03  (a) EPS is calculated using the weighted average basic common shares outstanding of 534 million and 544 million for the quarters ended June 3