AEP beats third-quarter estimates, raises long-term EPS growth target to 9%-11% and sets out $100 billion capital plan
American Electric Power reported third-quarter 2026 earnings above analyst estimates and raised its long-term earnings growth outlook. It also presented a capital plan of roughly $100 billion, a sign the utility expects electricity demand to keep rising.
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American Electric Power Co Inc filed an 8-K under Item 2.02, the section used for quarterly results, for the period dated October 28, 2026. The filing summary does not include financial figures, so the details come from coverage of the earnings call and presentation.
According to that coverage, AEP posted third-quarter earnings of $2.23 per share, ahead of consensus estimates. The company lifted its long-term EPS growth rate to a range of 9%-11%.
Management also outlined a capital plan of about $100 billion, tied to load growth. One report describes the plan as roughly 30% larger than the previous one, with extra spending on generation and transmission.
For a regulated utility, higher capital spending generally expands the rate base on which it can earn allowed returns, which can support earnings growth. The outcome depends on regulatory approvals, financing costs and how quickly demand growth actually materializes. Some filing details remain unconfirmed from the available summaries.
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SEC EDGAR filings (акции и ETF США)
Official · EN · published Oct 28, 10:59
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- v2 · Oct 30, 11:46 — no text correction
- v1 · Oct 30, 11:44 — first publication