Financial Performance - The company reported a revenue of $X billion for the last quarter, representing a Y% increase year-over-year[7]. - The company reported a significant increase in revenue, reaching $X billion, representing a Y% growth compared to the previous year[28]. - AEP reported a total revenue of $17.5 billion for the last quarter, reflecting a year-over-year increase of 5%[21]. - The company achieved a net income of $1.2 billion, which represents a 10% increase compared to the same quarter last year[22]. - The company reported a net income of $N million, translating to an earnings per share (EPS) of $O, which is a P% increase compared to the previous year[7]. - The company expects earnings per share (EPS) guidance for the next quarter to be in the range of $1.10 to $1.15, reflecting a growth of 8%[22]. User Engagement - User data showed an increase in active users to Z million, up from A million in the previous quarter, indicating a B% growth[7]. - User data showed an increase in active users to Z million, up from A million, indicating a B% growth in user engagement[28]. - AEP's customer base grew by 2% year-over-year, reaching approximately 5.5 million customers across its service territories[23]. Future Guidance - The company provided guidance for the next quarter, expecting revenue to be between $C billion and $D billion, which reflects a growth rate of E%[7]. - The company provided guidance for the next quarter, projecting revenue between $C billion and $D billion, which reflects an expected growth rate of E%[28]. Investments and Acquisitions - The company is investing $G million in R&D for new technologies aimed at enhancing operational efficiency and sustainability[7]. - The company is investing $I billion in capital projects over the next five years to improve infrastructure and service delivery[28]. - The company completed the acquisition of Company J for $K million, which is expected to enhance its service offerings and customer base[7]. - A strategic acquisition was completed, enhancing the company's capabilities in renewable energy, expected to generate an additional $H million in annual revenue[28]. - AEP is actively pursuing strategic acquisitions to enhance its market position, with a focus on expanding its renewable energy portfolio[23]. Market Expansion - Market expansion efforts are underway in Region H, with an anticipated market share increase of I% by the end of the fiscal year[7]. - The company is expanding its market presence in the Western Region, targeting a G% increase in market share by the end of the fiscal year[26]. New Products and Technologies - New product launches included the introduction of Product X, which is projected to generate an additional $F million in revenue over the next year[7]. - New product launches are anticipated to contribute an additional $F million in revenue, with a focus on innovative technology solutions[28]. - The company has initiated the development of a new Battery Energy Storage System (BESS) project, expected to add 500 MW of storage capacity by 2025[24]. - A new strategic partnership with Company L aims to leverage AI technologies, potentially increasing revenue by M% over the next two years[7]. - The company is leveraging artificial intelligence (AI) technologies to optimize its operational efficiency and reduce costs by 15% over the next three years[22]. Operational Efficiency - The company is focused on reducing operational costs by Q%, targeting efficiency improvements across all business segments[7]. - The company is actively pursuing partnerships to develop new technologies, aiming for a K% reduction in operational costs by 2025[28]. - The company is committed to maintaining regulatory compliance and recovering costs associated with environmental standards and operational expenses[32]. Risks and Challenges - Future risks include potential regulatory changes that could affect operational costs and market dynamics, which the company is closely monitoring[29]. - The company is actively managing risks associated with wildfires and extreme weather conditions, which could impact financial performance and operational stability[28]. - The company is facing potential volatility in financial markets that could affect its access to capital for new projects[32]. - The company is monitoring changes in utility regulation and market dynamics within its Regional Transmission Organizations (RTOs) to optimize cost allocation[32]. Tax and Financial Stability - The impact of recent tax reforms is projected to improve net income by approximately $J million annually, enhancing overall financial stability[32]. - The company reported a significant reduction in corporate federal income tax rate from 35% to 21% effective January 1, 2018, due to the Tax Cuts and Jobs Act[28]. - AEP's debt-to-equity ratio stands at 1.2, indicating a stable financial position amidst ongoing investments[21]. Workforce Management - The company is focused on attracting and retaining key personnel to ensure effective management and operational success[32].

Financial Performance and Key Metrics - The company achieved fourth quarter 2025 operating earnings of $1.19 per share, bringing full year 2025 operating earnings to $5.97 per share, exceeding the top end of the guidance range [9] - Total shareholder return for 2025 was 29%, one of the highest in the industry [9] - The company reaffirmed its 2026 full-year operating earnings guidance range of $6.15-$6.45 per share, with a long-term earnings growth rate of 7%-9% for 2026-2030 [10] Business Line Performance - Retail sales grew 7.5% in 2025 compared to 2024, driven by significant commercial and industrial sales growth of nearly 10%, primarily from data centers in Indiana, Texas, and Ohio [23] - The generation and marketing segment saw meaningful performance, driven by favorable energy margins and benefits from contract optimization [21] Market Data and Key Metrics - The company reported a historic load growth, with total system sales exceeding 200 million MWh for the first time [22] - The company now has 56 GW of firm incremental contracted load additions, doubling the previous figure of 28 GW [11] Company Strategy and Industry Competition - The company is focused on significant infrastructure investment to meet unprecedented customer demand across its 11-state regulated service territory [5] - AEP is deepening engagement with customers, regulators, and suppliers to align long-term goals and achieve favorable outcomes [6] - The company has secured over 10 GW of capacity from major gas turbine manufacturers and entered a long-term partnership with Quanta Services for transmission infrastructure [7] Management's Comments on Operating Environment and Future Outlook - Management highlighted the importance of scale in mitigating supply chain risks and meeting massive system demand [6] - The company is committed to maintaining a healthy balance sheet, with an FFO to debt target of 14%-15%, currently exceeding this target [31] - Management expressed confidence in the execution of their robust plan, emphasizing the importance of affordability for customers [32] Other Important Information - The company is exploring generation solutions, including small modular reactors (SMRs) and plans to purchase $2.65 billion of fuel cells for a generation facility in Wyoming [12][13] - AEP operates nearly 90% of the 765 kV infrastructure in the U.S., positioning it as a preferred utility partner for large load customers [14] Q&A Session Summary Question: Insights on the impact of doubled signed contract load on CAGR - Management indicated that the $72 billion five-year capital plan does not include the incremental load growth and will provide more definitive ideas on financing and growth rate in future calls [38][40] Question: Confidence in ESAs amid local pushback - Management expressed confidence in the financial commitments backing the ESAs and highlighted the importance of community relations in supporting economic development [42][46] Question: Details on transmission projects and associated investments - Management provided a breakdown of approximately $5 billion associated with transmission projects across various regions, emphasizing their leadership in the 765 kV system [59][61] Question: Conversion rates from LOA to finalized customers - Management noted the quality of counterparties making financial commitments and expressed confidence in the strong backlog supporting future load [104] Question: Expectations for 2026 EPS guidance - Management reaffirmed the 2026 EPS guidance range, emphasizing a cautious approach to forecasting while remaining confident in execution [83][89]

American Electric Power Company (NasdaqGS:AEP) Q4 2025 Earnings call February 12, 2026 09:00 AM ET Company ParticipantsBill Fehrman - Chairman, President and CEOCarly Davenport - VP of Equity ResearchDarcy Reese - VP of Investor RelationsDavid Arcaro - Executive Director of Equity ResearchJulien Dumoulin-Smith - Managing DirectorKate Dixon - SVP, Controller and Chief Accounting OfficerShar Pourreza - Managing Director and Head of North American Power, Infrastructure, and UtilitiesTrevor Mihalik - EVP and CF ...

Financial Data and Key Metrics Changes - The company achieved fourth quarter 2025 operating earnings of $1.19 per share, bringing full year 2025 operating earnings to $5.97 per share, exceeding the top end of the guidance range [7][19] - Total shareholder return for 2025 was 29%, one of the highest in the industry [7] - The company reaffirmed its 2026 full-year operating earnings guidance range of $6.15-$6.45 per share and a long-term earnings growth rate of 7%-9% for 2026-2030, with an expected 9% CAGR [8][9] Business Line Data and Key Metrics Changes - Retail sales grew 7.5% in 2025 compared to 2024, driven by significant commercial and industrial sales growth of nearly 10% [21] - The generation and marketing segment saw meaningful performance, driven by favorable energy margins and contract optimization [19] Market Data and Key Metrics Changes - The company reported total system sales exceeding 200 million MWh for the first time in its history, highlighting historic load growth [20] - The company now has 56 gigawatts of firm incremental contracted load additions, doubling the previous figure of 28 gigawatts [10][22] Company Strategy and Development Direction - The company is focused on significant infrastructure investment to meet unprecedented customer demand across its 11-state regulated service territory [4][5] - AEP is deepening engagement with customers, regulators, and suppliers to align long-term goals and achieve favorable outcomes [5] - The company is exploring generation solutions, including small modular reactors and fuel cells, to support growing demand [11][12] Management's Comments on Operating Environment and Future Outlook - Management highlighted the importance of scale in mitigating supply chain risks and ensuring resources are available to meet demand [5] - The company is committed to maintaining a healthy balance sheet, with an FFO to debt target of 14%-15% [29] - Management expressed confidence in the execution of their robust plan and the ability to capitalize on unprecedented growth opportunities [30] Other Important Information - The company has a $72 billion five-year capital plan, with an additional $5-$8 billion of confirmed or endorsed projects identified beyond the base plan [26] - Legislative and regulatory accomplishments in 2025 included the passage of legislation that reduces regulatory lag in several states [15] Q&A Session Summary Question: Can you provide insight on the impact of the doubled signed contract load on CAGR? - Management indicated that the $72 billion capital plan does not include the incremental load growth and will provide more definitive ideas on financing and growth rate in future calls [36] Question: What is the level of confidence in the ESAs given recent project pullbacks? - Management expressed confidence in the firm ESAs backed by financially secure counterparties and noted that local communities are generally supportive of economic development [42][44] Question: Can you provide details on the transmission projects and associated investments? - Management outlined approximately $5 billion associated with transmission projects, with specific amounts allocated to different regions [57] Question: How does the company view the potential for permitting reform? - Management is actively engaged with Senate partners to advocate for permitting reform to accelerate infrastructure development [112]

美国电力(AEP.US)涨3.7%，报126.78美元，创下历史新高。消息面上，美国电力公司公布2025年第四季 度业绩，营收为53.1亿美元，超过分析师预期的49.9亿美元；调整后每股收益为1.19美元，亦超过分析 师预期的1.14美元，原因是超大型企业推动电力需求激增。公司表示，将扩大五年资本支出计划，使其 超过720亿美元。(格隆汇) ...

分组1 - American Electric Power (AEP) reported quarterly earnings of $1.19 per share, exceeding the Zacks Consensus Estimate of $1.15 per share, but down from $1.24 per share a year ago, resulting in an earnings surprise of +3.66% [1] - AEP's revenues for the quarter ended December 2025 were $5.31 billion, surpassing the Zacks Consensus Estimate by 1.55%, and up from $4.7 billion year-over-year [2] - AEP has outperformed the S&P 500, gaining about 6% since the beginning of the year compared to the S&P 500's gain of 1.4% [3] 分组2 - The current consensus EPS estimate for AEP is $1.57 on revenues of $5.7 billion for the coming quarter, and $6.34 on revenues of $23.26 billion for the current fiscal year [7] - The Zacks Industry Rank for Utility - Electric Power is in the bottom 44% of over 250 Zacks industries, indicating potential challenges for stock performance [8]

February 12, 2026 Darcy Reese, Vice President Investor Relations 614-716-2614 dlreese@aep.com Cautionary Note Regarding Forward- Looking Statements Fourth Quarter 2025 Earnings Presentation This presentation contains forward-looking statements. Words such as "expect," "anticipate," "intend," "plan," "believe," "will," "should," "could," "would," "project," "continue" and similar expressions, including statements reflecting future results or guidance and statements of outlook are intended to identify forward ...

American Electric Power surpassed Wall Street expectations for fourth-quarter profit on Thursday, and said it would expand its five-year capital expenditure plan beyond $72 billion to meet the surging... ...

Exhibit 99.1 News from AEP AEP Reports Fourth Quarter and Full-Year 2025 Results, Reaffirms Long-Term Growth Outlook COLUMBUS, Ohio (Feb 12, 2026) – American Electric Power (Nasdaq: AEP) today reported fourth-quarter 2025 GAAP earnings of $582 million or $1.09 per share, compared with GAAP earnings of $664 million or $1.25 per share in fourth-quarter 2024. Operating earnings for fourth-quarter 2025 were $638 million or $1.19 per share, compared with operating earnings of $660 million or $1.24 per share in f ...

Core Viewpoint - American Electric Power (AEP) reported strong financial results for the fourth quarter and full year of 2025, reaffirming its long-term growth outlook and commitment to infrastructure investments to meet increasing customer demand [1][2]. Financial Performance - AEP's fourth-quarter 2025 GAAP earnings were $582 million or $1.09 per share, down from $664 million or $1.25 per share in the same quarter of 2024 [1][2]. - Full-year 2025 GAAP earnings reached $3.58 billion or $6.70 per share, compared to $2.97 billion or $5.60 per share for 2024, reflecting a significant year-over-year increase [1][2]. - Operating earnings for the fourth quarter of 2025 were $638 million or $1.19 per share, compared to $660 million or $1.24 per share in the fourth quarter of 2024 [1][2]. Growth Outlook - AEP reaffirmed its 2026 operating earnings guidance of $6.15 to $6.45 per share and a long-term operating earnings growth rate of 7% to 9% [1][2]. - The company identified opportunities for an additional $5 billion to $8 billion in investments beyond its existing $72 billion five-year capital plan [1][2]. Load Growth and Infrastructure Investment - AEP has signed agreements for an additional 28 gigawatts (GW) of load since October 2025, bringing the total incremental load to 56 GW by 2030 [1][2]. - The load in AEP Texas increased from 13 GW to 36 GW, supported by agreements with major data center developers [1][2]. - AEP is committed to building necessary transmission and distribution infrastructure in Texas and is collaborating with ERCOT to facilitate timely interconnections [1][2]. Customer Affordability and Regulatory Progress - AEP supports fair cost allocation for new large load customers and has implemented new rate structures in several states to ensure that these customers contribute to infrastructure costs [1][2]. - The company has made progress in regulatory cases across its jurisdictions, improving outcomes for customers and supporting long-term investments [2]. Segment Performance - In the fourth quarter of 2025, the Vertically Integrated Utilities segment reported GAAP earnings of $270 million, while the Transmission & Distribution Utilities segment reported $160 million [2]. - For the year-to-date 2025, the Generation & Marketing segment saw a significant increase in operating earnings, contributing $656 million compared to $308 million in the same period of 2024 [2]. Sales Data - AEP's total retail electric sales for the fourth quarter of 2025 increased by 5.2% year-over-year, with residential sales rising by 5.7% and commercial sales by 14.7% [2][5]. - For the year-to-date 2025, total retail electric sales reached 93,967 million kWh, a 2.2% increase from 2024 [5].