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Guidance history, every release

American Electric Power (AEP) · 8 releases, Nov 6, 2024 to Jul 30, 2026 · rows are metrics, columns are releases

Raised · a change from the previous releaseSame · restated unchanged— · not stated in that releaseEvery value links to its sentence in the filing

Metric	Nov 6, 2024 FY24 Q3	Feb 13, 2025 FY24 Q4	May 6, 2025 FY25 Q1	Jul 30, 2025 FY25 Q2	Oct 29, 2025 FY25 Q3	Feb 12, 2026 FY25 Q4	May 5, 2026 FY26 Q1	Jul 30, 2026 FY26 Q2
For FY2035
Additional turbine capacity under evaluation	—	—	—	—	—	—	—	New“up to 10 GW”
For FY2030
Expected annual rate-base growth	—	—	—	—	—	—	New“nearly 11%”	—
Incremental customer load agreements	—	—	—	New“24 gigawatts”	—	—	—	—
Incremental load	—	—	—	—	—	—	New“63 gigawatts”	—
Incremental load growth (signed agreements)	—	—	—	—	—	New“56 GW”	—	—
Load additions	—	—	—	—	New“28 gigawatts (GW)”	—	—	—
New load additions	—	—	—	—	—	—	New“63 gigawatts”	—
New load additions (contracted load growth)	—	—	—	—	—	—	—	New“69 gigawatts (GW)”
Peak load	—	—	—	New“more than 60 gigawatts”	—	—	—	—
Peak system demand	—	—	—	—	New“65 GW”	—	—	—
Rate base	—	—	—	—	New“$128 billion”	—	—	—
Rate base compounded annual growth rate	—	—	—	—	New“10%”	—	—	—
For FY2028
Annual operating earnings growth (later years of plan)	—	—	—	—	New“at or above the high end of the range”	—	—	—
For FY2026
Estimated GAAP EPS	—	—	—	—	—	—	New“$6.12 to $6.42”	Raised“$6.16 to $6.46”
Estimated GAAP EPS reflecting certain items recorded through the first quarter	—	—	—	—	—	—	New“$6.12 to $6.42 per share”	—
Operating earnings	—	—	—	—	—	—	New“$6.15 to $6.45 per share”	Raised“$6.25 to $6.55 per share”
Operating earnings	—	—	—	—	New“$6.15 to $6.45 per share”	Reiterated“$6.15 to $6.45 per share”	—	—
Operating EPS	—	—	—	—	—	—	New“$6.15 to $6.45”	—
Annual rate-base growth	—	—	—	—	—	—	New“nearly 11%”	—
Equity settlement under forward contract	—	—	New“$2.3 billion”	—	—	—	—	—
Opportunities identified for incremental investment beyond five-year capital plan	—	—	—	—	—	New“$5 billion to $8 billion”	—	—
Total transmission investment	—	—	—	—	—	—	New“$33 billion”	—
Total transmission investment as percentage of five-year capital plan	—	—	—	—	—	—	New“42%”	—
For FY2025
Estimated earnings per share on a GAAP basis	—	—	New“$5.71 to $5.91 per share”	—	—	—	—	—
Estimated EPS on a GAAP basis	—	—	—	New“$6.57 to $6.77”	Raised“$6.58 to $6.78”	—	—	—
Operating earnings	—	—	—	—	New“$5.75 to $5.95 per share”	—	—	—
Operating earnings	—	—	—	New“$5.75 to $5.95 per share”	—	—	—	—
Operating earnings	New“$5.75 to $5.95 per share”	—	—	—	—	—	—	—
Operating earnings (non-GAAP)	—	—	New“$5.75 to $5.95 per share”	—	—	—	—	—
Operating earnings (non-GAAP)	—	New“$5.75 to $5.95 per share”	—	—	—	—	—	—
Operating earnings positioning	—	—	—	New“guiding to the upper half of that range”	Revised“upper half of the range”	—	—	—
Operating EPS	—	—	New“$5.75 to $5.95”	Reiterated“$5.75 to $5.95”	Reiterated“$5.75 to $5.95”	—	—	—
Transmission business contribution to operating earnings	—	—	New“55%”	—	—	—	—	—
Annual total retail load growth	—	—	New“8% to 9%”	—	—	—	—	—
Annual total retail load growth	—	New“8-9%”	—	—	—	—	—	—
Capital investment	New“$54 billion”	—	—	—	—	—	—	—
Direct tariff exposure on capital plan	—	—	New“approximately 0.3%”	—	—	—	—	—
For FY2024
Estimated earnings per share on a GAAP basis	New“$5.55 to $5.65 per share”	—	—	—	—	—	—	—
Operating earnings (non-GAAP)	New“$5.58 to $5.68 per share”	—	—	—	—	—	—	—
Operating earnings (non-GAAP) midpoint	New“$5.63”	—	—	—	—	—	—	—
Operating EPS	New“$5.58 to $5.68”	—	—	—	—	—	—	—
Federal EPA Coal Combustion Residuals Rule	New“0.21”	—	—	—	—	—	—	—
Provision for Refund - Turk Plant	New“0.24”	—	—	—	—	—	—	—
Remeasurement of Excess ADIT Regulatory Liability	New“(0.09)”	—	—	—	—	—	—	—
SEC Matter Loss Contingency	New“0.04”	—	—	—	—	—	—	—
Severance Charges	New“0.18”	—	—	—	—	—	—	—
No period stated
Annual operating earnings growth rate	—	—	—	—	—	—	New“7% to 9%”	Reiterated“7% to 9%”
Estimated earnings per share on a GAAP basis	—	—	—	—	—	—	—	New“$6.16 to $6.46 per share”
Expected operating earnings CAGR	—	—	—	—	—	—	New“greater than 9%”	—
Long-term EPS growth rate	—	New“6% to 8%”	—	—	—	—	—	—
Long-term operating earnings growth rate	—	—	—	New“6% to 8%”	Raised“7-9%”	Reiterated“7% to 9%”	—	—
Operating earnings CAGR	—	—	—	—	—	—	—	New“greater than 9%”
Operating earnings compound annual growth rate (CAGR)	—	—	—	—	—	—	New“greater than 9%”	Reiterated“greater than 9%”
Operating earnings per share compounded annual growth rate	—	—	—	—	New“9%”	—	—	—
Operating earnings per share growth	—	—	—	—	New“9% compounded annual growth rate”	—	—	—
Additional investment potential	—	—	—	—	—	—	New“over $10 billion”	—
Additional investments	—	—	New“$10 billion”	—	—	—	—	—
Additional potential investments	—	—	New“an additional $10 billion of investments”	—	—	—	—	—
Additional transmission and generation projects	—	—	—	—	—	New“$5 billion to $8 billion”	—	—
Capital investment plan	New“$54 billion”	—	Reiterated“$54 billion”	Reiterated“$54 billion”	—	—	—	Raised“$78 billion”
Capital plan	—	New“$54 billion”	—	—	Raised“$72 billion”	—	—	—
Capital plan dedicated to distribution network	—	—	—	—	New“$17 billion”	—	—	—
Commercial and industrial load additions (financial agreements from customers)	New“20 gigawatts”	—	—	—	—	—	—	—
Commercial load growth	New“grow an average of 20% annually”	—	—	—	—	—	—	—
Cost offsets for existing customers	—	—	—	—	—	—	New“up to $16 billion”	—
Customer savings from loans and grants	—	—	—	—	—	—	New“nearly $600 million”	—
Distribution and transmission investments within capital plan	—	—	New“$34 billion”	—	—	—	—	—
Distribution investment	—	—	—	—	New“$17 billion”	—	—	—
Expected cost offsets from load growth	—	—	—	—	—	—	—	New“up to $16 billion”
Expected customer savings from federal loan guarantees and grants	—	—	—	—	—	—	—	New“$1.4 billion”
Expected savings in interest costs from DOE loan	—	—	—	—	—	—	—	New“$685 million”
FFO/Debt target	—	New“14% to 15%”	—	—	—	—	—	—
FFO/Debt target	—	New“14% to 15%”	—	—	—	—	—	—
Five-year capital investment plan	—	—	—	—	—	New“$72 billion”	—	—
Five-year capital plan	New“$54 billion”	Reiterated“$54 billion”	—	—	Raised“$72 billion”	—	Raised“$78 billion”	Reiterated“$78 billion”
Generation investment	—	—	—	—	New“more than $20 billion”	—	—	—
Incremental capital investments (line of sight)	—	—	—	—	—	—	—	New“more than $10 billion”
Investment in generation resources	—	—	—	—	New“more than $20 billion”	—	—	—
Investment in transmission assets	—	—	—	—	New“$30 billion”	—	—	—
Line of sight to additional investment potential beyond the capital plan	—	—	—	—	—	—	New“over $10 billion”	—
Long-term growth rate	New“6% to 8%”	—	Reiterated“6% to 8%”	—	—	—	—	—
New five-year capital plan	—	—	—	New“approximately $70 billion”	—	—	—	—
New load	—	New“more than 20 gigawatts”	—	—	—	—	—	—
New load to be served	—	New“more than 20 gigawatts”	—	—	—	—	—	—
New power demand expected	—	—	New“over 20 gigawatts”	—	—	—	—	—
Potential incremental investment under evaluation	—	New“$10 billion”	—	—	—	—	—	—
Projected customer savings through lower interest costs	—	—	—	—	—	—	—	New“nearly $1 billion”
SPP 765-kV transmission lines planned	—	—	—	—	—	—	New“315 miles”	—
Transmission company transaction	—	—	New“$2.82 billion”	—	—	—	—	—
Transmission investment	—	—	—	—	New“$30 billion”	—	Raised“$33 billion”	—

Values in quotation marks are the company’s words. Change labels compare each statement with the same metric and target year in the previous release. HighGravityData does not judge whether guidance was met.