Welcome to our dedicated page for Americn Electric SEC filings (Ticker: AEP), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
American Electric Power Company, Inc. filings document the regulated utility's operating results, governance actions, capital-raising activity and material events. Form 8-K reports furnish financial-result releases and disclose amendments to governing documents, board matters, securities offerings, and energy-infrastructure agreements.
Proxy materials cover director elections, executive compensation, shareholder voting matters and governance provisions. AEP's capital-structure disclosures include authorized-share matters, junior subordinated debentures and an at-the-market common stock distribution agreement, alongside recurring risk and business disclosures tied to utility operations, transmission investment and customer load growth.
American Electric Power reported fourth-quarter 2025 GAAP earnings of $582 million, or $1.09 per share, down from $1.25 per share a year earlier, while operating earnings were $638 million, or $1.19 per share, versus $1.24.
For full-year 2025, GAAP earnings rose to $3.58 billion, or $6.70 per share, from $5.60 per share in 2024, and operating earnings increased to $3.19 billion, or $5.97 per share, from $5.62. Revenue for 2025 was $21.876 billion, up from $19.721 billion.
The company reaffirmed 2026 operating earnings guidance of $6.15 to $6.45 per share and a long-term operating earnings growth rate of 7% to 9%. AEP now has 56 GW of incremental load by 2030 backed by signed agreements and a $72 billion five-year capital plan, with $5 billion to $8 billion of additional identified investment opportunities.
American Electric Power’s Executive Vice President Phillip R. Ulrich reported a grant of restricted stock units. On January 9, 2026, he acquired 21,383 restricted stock units at a reference price of $116.91 per unit. Each unit represents a contingent right to receive AEP common stock after vesting. These restricted stock units are scheduled to vest on January 9, 2031, subject to his continuous employment with AEP. Following this grant, Ulrich beneficially owns 37,596 non-derivative AEP securities directly.
American Electric Power Company, Inc. reported that an unregulated subsidiary has signed an unconditional purchase agreement for solid oxide fuel cells for a new generation facility for approximately $2.65 billion. The facility is expected to be located near Cheyenne, Wyoming and will use fuel cells previously covered by a 2024 purchase agreement and related option. The subsidiary also entered into a 20‑year offtake arrangement with a high investment grade third-party customer for 100% of the facility’s output, providing long-term revenue visibility once the plant is operating. The offtake deal is subject to certain conditions that AEP expects to be satisfied by the second quarter of 2026, and if they are not met, AEP will be financially compensated for all capital and costs incurred.
American Electric Power director Joseph G. Sauvage reported holdings of 1,166 phantom stock units tied to the company’s common stock as of December 31, 2025.
These phantom stock units track AEP’s share price, which was $115.31 at the time of the reported transaction. According to the disclosure, the units are paid to the director in cash or shares upon termination of service, unless he elects to defer payment, with payments starting no later than five years after that date.
American Electric Power (AEP) director Lewis Von Thaer reported a Form 4 transaction involving phantom stock units on 12/31/2025. The filing shows an acquisition coded as "A" of phantom stock units tied to AEP common stock, with 368 underlying shares at a reference price of $115.31.
After this transaction, Von Thaer beneficially owned 7,572 phantom stock units directly. According to the disclosure, these stock units are paid to the director in cash or shares upon termination of service, unless payment is deferred, with payouts beginning no later than five years after that date.
American Electric Power director Henry P. Linginfelter reported an acquisition of phantom stock units dated December 31, 2025. The derivative position is tied to 368 shares of AEP common stock at a reference price of $115.31 per share. Following this transaction, he beneficially owns 3,336 phantom stock units, held directly. According to the plan terms, these stock units are paid to the director in cash or shares when board service ends, unless he elects to defer payment so that it begins no later than five years after termination.
American Electric Power director Hunter C. Gary reported an automatic award of phantom stock units. On 12/31/2025, he acquired 368 phantom stock units at an AEP stock price of $115.31, bringing his total derivative holdings of these units to 3,336, held directly.
These stock units are designed to mirror AEP’s common stock and are paid to the director in cash or shares when board service ends, unless he has elected to defer payment so that it begins within five years after that termination date.
American Electric Power director Benjamin G.S. Fowke III sold 5,000 shares of the companys common stock on December 12, 2025 at $115.07 per share. The transaction was reported as a sale and was executed under a pre-arranged Rule 10b5-1 trading plan that he adopted on May 13, 2025.
Following this transaction, Fowke beneficially owns 25,898 shares of American Electric Power common stock directly. He also has 2,338 attributed to the AEP Stock Fund under the AEP Stock Unit Accumulation Plan for Non-Employee Directors, representing quarterly cash retainers he chose to defer into that plan.
American Electric Power Company, Inc. entered into an underwriting agreement on December 3, 2025 with Guggenheim Securities, J.P. Morgan, MUFG Securities Americas, PNC Capital Markets, Scotia Capital (USA), and Wells Fargo Securities for the offering and sale of $400,000,000 of 5.800% Fixed-to-Fixed Reset Rate Junior Subordinated Debentures, Series C, due 2056, and $600,000,000 of 6.050% Fixed-to-Fixed Reset Rate Junior Subordinated Debentures, Series D, due 2056.
The Series C and Series D debentures are additional issuances of securities first issued on September 25, 2025, and upon completion of this offering the aggregate principal amount outstanding of debentures in each of these series is stated as $1,500,000,000. Related exhibits include the underwriting agreement, an amended and restated supplemental indenture establishing the debentures’ terms, the form of the debentures, and legal and tax opinions covering the validity of the securities and certain tax matters.
American Electric Power Company, Inc. is planning a public offering of additional fixed-to-fixed reset rate junior subordinated debentures in two series, Series C and Series D. These securities pay fixed interest initially, then reset every five years to the Five-Year Treasury Rate plus a set spread, with floors so Series C cannot drop below 5.800% and Series D cannot drop below 6.050%. Both series mature on March 15, 2056 and are being issued as fungible reopenings of debentures first sold on September 25, 2025.
The debentures are unsecured and junior to all senior indebtedness at the parent level and effectively junior to substantial debt at subsidiaries. AEP may defer interest payments on either series for up to 10 consecutive years, during which deferred interest compounds, and during any deferral period the company is restricted from paying dividends or repurchasing junior or pari passu securities, subject to exceptions. The debentures are callable in specified windows and upon certain tax or rating-agency events, will not be listed on an exchange, and proceeds are earmarked for general corporate purposes.