American Electric Power Q1 revenue beats estimates

American Electric Power

05/05/2026 12:06

Overview

US electric utility's Q1 revenue beats analyst expectations

Company reaffirmed 2026 operating earnings guidance

Strong demand growth from data centers and industrial customers drove results

Outlook

AEP reaffirms 2026 operating earnings guidance of $6.15 to $6.45 per share

AEP expects operating earnings CAGR above 9% through 2030

Result Drivers

NEW LOAD AGREEMENTS - Co said 7 GW of new load agreements, mainly in Ohio and Texas, contributed to strong demand growth in the qtr

CAPITAL PLAN INCREASE - Five-year capital plan raised to $78 bln due to newly approved transmission investments and new natural gas-fired generation in Indiana

Company press release: ID:nPn3lCGkZa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$6.02 bln
$5.68 bln (8 Analysts)
Q1 EPS
$1.61
Q1 Net Income
$874 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 13 "strong buy" or "buy", 11 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the electric utilities peer group is "buy"

Wall Street's median 12-month price target for American Electric Power Company Inc is $141.50, about 5.1% above its May 4 closing price of $134.66

The stock recently traded at 21 times the next 12-month earnings vs. a P/E of 19 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)