Every 10-Q that American Electric Power Company, Inc. (AEP) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow AEP and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full AEP filings page.
American Electric Power Company, Inc. (AEP) reported weaker results for the quarter and first half of 2026. Earnings attributable to AEP common shareholders for the second quarter declined to $713 million from $1.2 billion a year earlier, largely because 2025 benefited from a $480 million FERC order on net operating loss carryforwards (NOLCs) and higher residential sales driven by favorable weather. For the first six months of 2026, earnings fell to $1.6 billion from $2.0 billion, with additional pressure from unfavorable hedging, lower residential volumes and an expected partial disallowance of the Pirkey Plant net book value.
These headwinds were partly offset by higher revenues from transmission investment, favorable rate proceedings and growing commercial and industrial demand, particularly new data processing load. AEP outlined a $78 billion five‑year capital plan focused on transmission, new generation and distribution reliability, and has already added 1,013 MW of owned capacity in 2026 and secured approvals for 1,808 MW of renewable and storage projects. In ERCOT, AEP Texas has Letters of Agreement for about 45 gigawatts of prospective large load by 2030 and has received roughly $2 billion of financial security from customers participating in the Batch Zero interconnection process.
American Electric Power reported stronger results for the first quarter of 2026, with earnings attributable to common shareholders rising to $874 million from $800 million a year earlier. Non‑GAAP operating earnings increased to $891 million, driven by higher transmission investment, favorable rate outcomes and growing commercial and industrial demand, including new data processing load.
The company is executing a $78 billion five‑year capital plan focused on transmission upgrades, new generation and distribution reliability. It added an 870 MW natural gas plant in Ohio, secured approvals for 2,091 MW of renewables, issued RFPs totaling 12,700 MW and expanded its transmission footprint through sizable PJM and MISO projects. AEP also agreed to acquire solid oxide fuel cells for about $2.65 billion under a 20‑year offtake contract.
American Electric Power Company, Inc. (AEP) reports slightly higher quarterly earnings while reshaping its generation mix, balance sheet and regulatory profile. Earnings attributable to common shareholders rose to $972 million for the third quarter of 2025 from $960 million a year earlier, driven mainly by higher transmission investment and favorable rate decisions.
For the first nine months of 2025, earnings attributable to common shareholders increased to $3.0 billion from $2.3 billion, helped by a June 2025 FERC order on net operating loss carryforwards (NOLCs) in transmission formula rates, prior-year revenue refunds and 2024 one-time expense items that did not repeat. AEP also highlights non‑GAAP operating earnings to exclude commodity hedging mark‑to‑market and other specified items.
The company is expanding regulated generation through new natural gas, wind and solar assets, including $1.7 billion of PSO acquisitions totaling 1,272 MW and approvals or contracts for over 2,800 MW of renewables plus significant capacity purchase agreements. Multiple securitization transactions in West Virginia, Virginia and Kentucky are being used to refinance plant balances, fuel under‑recoveries and storm costs.
Capital formation is a major theme: AEP sold a 19.9% noncontrolling interest in transmission subsidiaries OHTCo and IMTCo for about $2.82 billion, entered into forward sale agreements for 22.55 million common shares expected to yield roughly $2.25 billion in cash if physically settled, and continues to plan large-scale Valley Link transmission investments. Extensive discussion of new state and federal legislation, environmental rules and tax changes underscores ongoing regulatory and policy uncertainty that could affect future costs, plant decisions and customer rates.