AEP Lifts Capital Plan to $100B as Q3 Operating EPS Hits $2.23
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Columbus – October 29, 2026 -- American Electric Power (Nasdaq: AEP) expanded its five-year capital plan to $100 billion through 2031 and said 2026 operating earnings will land at or above the high end of its $6.25 to $6.55 per share guidance range.
Third-quarter operating earnings rose to $1,216 million, or $2.23 per share, from $963 million, or $1.80 per share, a year earlier. GAAP earnings were $1,187 million, or $2.18 per share, against $972 million, or $1.82 per share, in the third quarter of 2025.
AEP targets 9% to 11% annual earnings growth through 2031
The utility introduced annual operating EPS growth of 9% to 11% for 2027 through 2031. It also set a greater than 10% compound annual growth rate through 2031, measured from the original 2026 guidance midpoint of $6.30 per share.