American Electric Power Company (AEP) Beats Profit and Revenue Estimates in Q1

American Electric Power Company, Inc. (NASDAQ:AEP) is 1 of the nation’s largest energy producers with astir 29,000 megawatts of divers generating capacity.

American Electric Power Company, Inc. (NASDAQ:AEP) reported beardown results for its Q1 2026 connected May 5. The institution posted an adjusted nett of $1.64 per share, up from $1.54 successful the aforesaid play past year, and bushed estimates by $0.07. The inferior besides grew its gross by implicit 10% YoY to $6 cardinal and exceeded forecasts by $251 million.

AEP contracted an further 7 GW of load successful the archetypal quarter, and the company’s incremental load is expected to turn to 63 GW by 2030, up from the 56 GW it shared previously. Nearly ​90% of this expected incremental contracted load is from ⁠data centers, including hyperscalers. As a result, the inferior raised its five-year superior concern program to $78 billion, up from the anterior $72 billion.

American Electric Power Company, Inc. (NASDAQ:AEP) reaffirmed its full-year 2026 operating net guidance of $6.15 to $6.45 per share. The institution besides reiterated its premium operating net maturation complaint people of 7% to 9% for 2026 done 2030. Moreover, fixed its boosted superior concern plan, AEP accrued its expected semipermanent operating net CAGR to greater than 9%.

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