AEP Sets $100 Billion Five-Year Capital Plan, Raises 2026 Outlook
American Electric Power unveiled a $100 billion investment plan covering the next five years through 2031, citing growing electricity demand across its service territory. It also raised its 2026 earnings outlook.
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12:02:08 PM UTC
SquawkNews
American Electric Power (AEP) announced its financial results for the third quarter of 2026, reporting adjusted earnings per share of $2.23 and revenue of $6.83 billion, surpassing FactSet consensus estimates of $2.05 and $6.55 billion, respectively. Driven by strong year-to-date performance, the company expects full-year 2026 operating earnings to reach or exceed the high end of its previously established guidance range of $6.25 to $6.55 per share. Additionally, AEP introduced new operating earnings guidance ranges of $6.75 to $7.05 per share for 2027 and $7.40 to $7.70 per share for 2028. The company's operating earnings, which exclude certain non-GAAP items, reflect growth across its business segments, including its vertically integrated utilities and transmission operations.
COLUMBUS (dpa-AFX) - American Electric Power Company, Inc. (AEP) Wednesday unveiled an expanded $100 billion capital investment plan covering the next five years through 2031, citing growing electricity demand across its service territory. The company also set a long-term operating earnings growth…