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5 analysts' median target is $142[FMP target], stock is $124, +14.9% vs the analyst consensus median. After Q2 +-8.1% EPS beat[FMP earnings], the stock moved +0.1%.
C+ = MoonshotScore 49[multi-pillar formula] + Council 1/6[6-lens rule]. Form 4: 0 transactions[FMP Form 4].
Quick AnswerAmerican Electric Power Company (AEP) Q1 consensus: revenue $6.6B[FMP est], EPS $1.99[FMP est]. 0 consecutive quarters of beat[FMP earnings].
Q2 EPS +-8.1% beat[FMP] but the stock +0.1% D+1[FMP D+1].
Watchlist
Capex Plan Growth
capex_plan_growth
AEP's five-year capital plan from 2026 through 2030 has significantly increased to $78 billion, up from $38 billion just four years ago, with an expected 11% rate base CAGR.
"As shared on our first quarter call, AEP's five-year capital plan from 2026 through 2030 is $78 billion, which is expected to result in nearly 11% rate base CAGR. To put this growth into perspective, AEP's five-year capital plan stood at just $38 billion only four years ago."
- Bill Fehrman, Chairman, President, and Chief Executive Officer - Q2 FY26 Earnings Call - July 30, 2026
Fy26 Guidance Raise
fy26_guidance_raise
AEP has raised its 2026 full-year operating earnings guidance to a range of $6.25-$6.55 per share, up from the previous range of $6.15-$6.45 per share, reflecting strong business performance.
"Much so that we are raising our 2026 full year guidance to a range of $6.25-$6.55 per share from our previous range of $6.15-$6.45 per share."
- Bill Fehrman, Chairman, President, and Chief Executive Officer - Q2 FY26 Earnings Call - July 30, 2026
Doe Financing Savings
doe_financing_savings
AEP has secured approximately $5 billion in DOE loans across its portfolio, including a recent $3.3 billion loan guarantee for AEP Texas, expected to deliver $1 billion in projected customer savings.
"Earlier this month, AEP Texas secured a DOE loan guarantee for up to $3.3 billion to finance a portfolio of transmission projects spanning approximately 2,800 miles, which is expected to deliver an estimated $685 million in customer savings over the life of the loan through lower financing costs. With this financing, AEP has now secured approximately $5 billion in DOE loans across our portfolio, supporting an expected $1 billion in projected customer savings."
- Bill Fehrman, Chairman, President, and Chief Executive Officer - Q2 FY26 Earnings Call - July 30, 2026
Roe Improvement
roe_improvement
AEP aims to improve its regulated earned ROE from 9.2% to 9.5% by 2030, driven by its regulatory strategy and structural rate-making improvements like UTM in Texas, SB 998 in Oklahoma, and a forward-looking test year in Ohio starting in 2028.
"Our regulated earned ROE for the quarter was 9.2%, consistent with our forecasted expectations for the year-end 2026. Through continued execution of our regulatory strategy centered on customer affordability, along with structural rate-making improvements such as the UTM in Texas, SB 998 in Oklahoma, and a forward-looking test year in Ohio starting in 2028, we believe there is a strong path for regulated earned ROE to improve to 9.5% by 2030."
- Trevor Mihalik, Chief Financial Officer - Q2 FY26 Earnings Call - July 30, 2026
Large Load Demand
large_load_demand
AEP has secured 69 gigawatts of contracted load additions through 2030, an increase of 6 gigawatts from the 63 disclosed last quarter, primarily driven by fully executed agreements in Texas.
"We now have 69 gigawatts of contracted load additions through 2030, up six gigawatts from the 63 disclosed last quarter, all supported by a combination of fully executed ESAs and LOAs."
- Trevor Mihalik, Chief Financial Officer - Q2 FY26 Earnings Call - July 30, 2026
Customer Affordability
customer_affordability
New large load interconnections are projected to provide up to $16 billion in fixed cost offsets for residential customers in vertically integrated utilities, enhancing affordability.
"As we noted on our first quarter call in May, we are projecting fixed cost offsets for residential customers of up to $16 billion in our vertically integrated utilities as a result of new large load interconnections that are supported by fully executed take-or-pay electric service agreements."
- Bill Fehrman, Chairman, President, and Chief Executive Officer - Q2 FY26 Earnings Call - July 30, 2026
Stock Expert AI - Methodology
multi-pillar methodology. Gross Margin and Cash Runway strong. Revenue Growth weak.
How is it calculated? ->6 investor frameworks. 1 bullish (Ray Dalio), 1 bearish (Ken Griffin), 4 neutral (Jim Simons, Klarman, Buffett, Munger).
How is it calculated? ->Quality business, trading at fair value.
How is it calculated? ->Past Performance
Q2 (July 30, 2026): EPS $1.36 vs $1.48 est[FMP], +-8.1% beat. D+1 movement: +0.1%[FMP D+1]. Decline despite beat - market reacted to guidance, not numbers.
Q2: EPS $1.36 vs $1.48 beat[FMP], stock +0.1% D+1[FMP].
No RPO/backlog concentration disclosed in Q2 earnings call.
Q2 CapEx $2.8B[FMP cashflow]. Q2 op margin 47.5%[FMP op margin] - this level in Q1 is sensitive to CapEx revision risk.
Not advice - a structural framework for earnings night. Decision discipline is yours.
Market Outlook
You read it in 5 minutes. When the numbers come out on Thursday evening - you know what you're looking at.
Data arrives at night. The framework is ready now.
Data arrives on Thursday evening. The framework is ready on this page: Q1 EPS threshold $1.99[FMP], CapEx threshold "below $2.8B". Two anchors, three scenarios.
Comparison Stock Expert AI is free today — no credit card.
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Prices as of April 2026. Sources: seekingalpha.com/subscriptions - tipranks.com/pricing - trendspider.com/pricing
Stock Expert AI is free today — no credit card. Council 7-lens analysis + MoonshotScore multi-pillar + Insider tracker + Technical levels - all in one platform, for every stock.
Educational tool, not investment advice. Past performance does not guarantee future results.
Calendar
DATA GAP: Events not in the FMP /stable/calendar feed - Investor day, analyst day, product launches, regulatory dates. These require company IR page scraping or manual calendar entry.
This American Electric Power Company (AEP) earnings preview covers the analyst consensus, key catalysts, and what to watch on the earnings call.
American Electric Power Company (AEP): Consensus EPS, revenue guidance, segment growth rates, and the tone of management commentary — the full breakdown with sources is on this page.
American Electric Power Company (AEP): Figures are sourced from Financial Modeling Prep (FMP) fundamentals and consensus data plus official earnings-call transcripts; derived metrics are labeled with their source next to each figure.
American Electric Power Company (AEP): No. This page is educational research, not investment advice. It summarizes analyst consensus and company data; consult a licensed financial advisor before making any investment decision.