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

American Electric Power Company, Inc. (NASDAQ:AEP) is included among the 12 Best Electric Utility Stocks to Buy for the Data Center Surge.

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

American Electric Power Company, Inc. (NASDAQ:AEP) is one of the nation’s largest electricity producers with approximately 29,000 megawatts of diverse generating capacity.

American Electric Power Company, Inc. (NASDAQ:AEP) reported strong results for its Q1 2026 on May 5. The company posted an adjusted profit of $1.64 per share, up from $1.54 in the same period last year, and beat estimates by $0.07. The utility also grew its revenue by over 10% YoY to $6 billion and exceeded forecasts by $251 million.

AEP contracted an additional 7 GW of load in the first quarter, and the company’s incremental load is expected to grow 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 utility raised its five-year capital investment plan to $78 billion, up from the prior $72 billion.

American Electric Power Company, Inc. (NASDAQ:AEP) reaffirmed its full-year 2026 operating earnings guidance of $6.15 to $6.45 per share. The company also reiterated its premium operating earnings growth rate target of 7% to 9% for 2026 through 2030. Moreover, given its boosted capital investment plan, AEP increased its expected long-term operating earnings CAGR to greater than 9%.

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