Company Reports

American Electric Power operates numerous utilities, providing investors with protection against any single adverse regulatory ruling.

On Aug. 3, Texas Gov. Greg Abbott directed state utilities regulators and the state's electric grid operator to pause data center approvals and audit all applications seeking interconnection to the Texas grid.

American Electric Power reported second-quarter operating earnings per share of $1.36, down from $1.43 in the year-ago period.

American Electric Power reported first-quarter operating earnings per share of $1.64, up from $1.54 in the same year-ago period, putting the company on track to meet our and management's full-year expectations.

American Electric Power operates numerous utilities, providing investors with protection against any single adverse regulatory ruling.

The Texas electricity grid operator, ERCOT, presented a preliminary long-term electricity demand forecast to state regulators on April 15 suggesting record-setting demand this summer and surging demand from new data centers in 2028-32.

American Electric Power operates numerous utilities, providing investors with protection against any single adverse regulatory ruling. The majority of the company’s capital investment plan focuses on regulated investments. This investment supports management's 7% to 9% earnings growth target from 2026-30, which we view as achievable at the high end.

American Electric Power reported full-year 2025 operating earnings per share of $5.97, up from $5.62 in 2024. This was in line with our estimate and the high end of management's guidance range.

American Electric Power operates numerous utilities, providing investors with protection against any single adverse regulatory ruling. The majority of the company’s capital investment plan focuses on regulated investments. This investment supports management's 7% to 9% earnings growth target from 2026-30, which we view as achievable at the high end.

On Jan. 14, PJM released its annual long-term electricity demand forecast, highlighting significant expected growth in demand across the region. On Jan. 16, the Trump administration and numerous governors released a statement of principles proposing changes in the regional electricity market.

American Electric Power reported third-quarter operating earnings per share of $1.80, down from $1.85 in same year-ago period, putting the company on track to meet our full-year expectations.

American Electric Power operates numerous utilities, providing investors with protection against any single adverse regulatory ruling. The majority of the company’s capital investment plan focuses on regulated investments. This investment supports management's 7% to 9% earnings growth target from 2026-30, which we view as achievable at the high end.

American Electric Power reported second-quarter operating earnings per share of $1.43, up from $1.25 in same year-ago period, putting the company on track to meet our full-year expectations.

American Electric Power operates numerous utilities, providing investors protection from any one adverse regulatory ruling. The majority the company’s capital investment plan focuses on regulated investments. This investment supports management's 6% to 8% earnings growth target from 2026-29, which we view achievable at the high end.

American Electric Power reported first-quarter operating earnings per share of $1.54, up from $1.27 in same year-ago period.

Utilities have limited direct exposure to the tariffs announced by the Trump administration, but falling energy demand or regulatory pushback to utilities' investment plans could slow earnings growth if economic conditions deteriorate.

American Electric Power operates numerous utilities, providing investors protection from any one adverse regulatory ruling. Most of the company’s $54 billion capital investment plan from 2025-29 focuses on regulated investments. This investment supports management's 6% to 8% earnings growth target from 2026-29. We think AEP can achieve the midpoint.

American Electric Power reported 2024 operating earnings per share of $5.62, up from $5.25 in 2023, in line with our full-year expectations. AEP also highlighted $10 billion of additional capital investment opportunities above its recently revised plan.

American Electric Power operates numerous utilities, providing investors protection from any one adverse regulatory ruling. Most of the company’s $54 billion capital investment plan from 2025-29 focuses on regulated investments. This investment supports management's 6% to 8% earnings growth target from 2026-29. We think AEP can achieve the midpoint.

American Electric Power agreed to sell a 19.9% interest in Ohio and Indiana & Michigan Transmission Companies for $2.82 billion to a strategic partnership between KKR and PSP Investments.