American Electric Power Company (AEP) Q3 2026 Earnings Call: Guidance and Outlook
The company provided specific earnings guidance for 2027 and 2028, alongside a new long-term annual operating EPS growth target of 9% to 11% through 2031.
About American Electric Power Company. American Electric Power Company, Inc. (AEP) operates as a prominent electric utility holding company, with its core business encompassing the generation, transmission, and delivery of electricity.
At or above the high end of $6.25 to $6.55 per share.
2027 EPS
$6.75 to $7.05 per share.
2028 EPS
$7.40 to $7.70 per share.
Outlook
Demand
System demand is expected to more than triple by 2031.
Capital Plan
A $100 billion5-year capital plan through 2031 is planned, with 90% of investments expected to be recovered through reduced lag mechanisms.
Financing
The company expects to fund growth with 24% new accretive growth equity, significantly lower than the industry norm.
Texas
The company is taking a measured approach to Texas capital investment while awaiting the outcome of the Batch 0 process.
Nuclear
The company is evaluating a potential small modular reactor project in Indiana with X Energy and Amazon, though it is currently limited to development activities.
Dividend
The company expects modest dividend growth of roughly 2% per annum.
Dombey's summary of the American Electric Power Company Q3 2026 earnings call held Oct 28, 2026, written from the call itself. Every figure on this page was checked against what was said on the call, and quoted lines are management's own words; we do not add estimates or prices. The tone score is our read of management's wording, guidance and answers. Check figures against the company's SEC filings before acting. This is research, not investment advice.
