American Electric Power Company, Inc.'s Stock Analysis

American Electric Power Issues $2 Billion in Debentures

On September 23, 2025, American Electric Power Company entered into an Underwriting Agreement to offer $1.1 billion of 5.800% Fixed-to-Fixed Reset Rate Junior Subordinated Debentures, Series C, due in 2056. Additionally, the company is offering $900 million of 6.050% Fixed-to-Fixed Reset Rate Junior Subordinated Debentures, Series D, also due in 2056.

The total offering amounts to $2 billion in debentures, which are intended to be sold through underwriters including BofA Securities, Goldman Sachs, Mizuho Securities, Morgan Stanley, and Truist Securities. These financial instruments may impact the company's capital structure and future financial obligations.

Sep 25, 2025 17:01:33

American Electric Power Reports Record Earnings and Growth Plans

American Electric Power Company reported second-quarter 2025 GAAP earnings of $2.29 per share, significantly higher than the $0.64 per share reported in the same quarter of 2024. The company also announced operating earnings of $1.43 per share, up from $1.25 per share year-over-year. AEP is guiding to the upper half of its 2025 operating earnings guidance range of $5.75 to $5.95 per share and reaffirmed its long-term growth rate of 6% to 8%. The company has secured customer agreements for 24 gigawatts of new load by the end of the decade, an increase from the previous 21 gigawatts, indicating strong demand for its services.

AEP is executing a $54 billion capital plan and expects to announce a new five-year capital plan of approximately $70 billion to meet growing energy needs. Recent legislative actions and regulatory approvals have supported significant infrastructure investments. AEP's financing strategy has strengthened its balance sheet, and the company has completed a transaction with KKR and PSP Investments for a $2.82 billion equity interest in its transmission companies. AEP's strategic focus on customer service and infrastructure investment positions it well for future growth, with a robust pipeline of projects aimed at expanding its transmission capabilities and meeting increasing demand across its service territory.

Jul 30, 2025 07:02:36

Leadership Changes at American Electric Power Company Announced

On July 22, 2025, Sara Martinez Tucker announced her resignation as Chair of the Board of American Electric Power Company, effective July 31, 2025. She clarified that her decision was for personal reasons and not due to any disagreements regarding the Company's operations or policies. Tucker will continue to serve on the Board as the independent Lead Director starting August 1, 2025.

The Board has elected William J. Fehrman as the new Chair, effective August 1, 2025. Fehrman has been a member of the Board since August 2024 and currently holds the positions of Chief Executive Officer and President of the Company.

Jul 23, 2025 09:09:05

AEP Partners with KKR and PSP Investments on Transmission Deal

American Electric Power (AEP) has completed a transaction with KKR and PSP Investments, where the two firms have jointly acquired a 19.9% equity interest in AEP’s Ohio and Indiana Michigan transmission companies for $2.82 billion. This investment will support AEP's five-year capital plan, which totals $54 billion, aimed at enhancing infrastructure and meeting the growing energy demand across its service areas.

The partnership is expected to facilitate further development of AEP's transmission systems to accommodate over 20 gigawatts of new power demand anticipated by the end of the decade. AEP will continue to operate and maintain the transmission facilities, while the investment will aid in the modernization of these systems to improve service reliability for customers in Indiana, Michigan, and Ohio.

Jun 09, 2025 16:24:12

AEP Reports Q1 Earnings, Completes Equity Funding for Growth

American Electric Power (AEP) announced first-quarter 2025 earnings of $800 million, or $1.50 per share, down from $1,003 million, or $1.91 per share, in the same quarter last year. However, operating earnings increased to $823 million, or $1.54 per share, compared to $670 million, or $1.27 per share, in Q1 2024. The company reaffirmed its operating earnings guidance for 2025, projecting a range of $5.75 to $5.95 per share, along with a long-term growth rate of 6% to 8%. AEP's commercial load grew by 12.3% year-over-year, reflecting strong demand in its service areas, which is expected to support its growth strategies moving forward. 

AEP successfully completed its anticipated equity needs for its five-year, $54 billion capital investment plan by securing $2.3 billion through an equity offering and finalizing a $2.82 billion transaction for a minority equity interest in transmission companies. These financial moves are designed to enhance the company's infrastructure and reliability to meet increasing energy demands. The company is also focusing on balancing costs for large-load customers with affordability for all customers, with recent regulatory approvals for tariff modifications in several states. AEP continues to engage with regulators to align its energy policies with community needs.

May 06, 2025 07:04:12

AEP Announces Leadership Changes to Enhance Customer Service

American Electric Power (AEP) is making significant leadership changes aimed at improving customer service and operational execution. Starting September 1, the company's seven operating company leaders and the chief nuclear officer will report directly to CEO Bill Fehrman. Peggy Simmons has been promoted to executive vice president of Regulatory and Chief Administrative Officer, where she will oversee safety, regulatory compliance, procurement, and sustainability, along with customer operations and economic development. These changes are designed to strengthen local engagement and ensure that AEP remains responsive to community needs.

The restructuring reflects AEP's commitment to enhancing service quality and operational excellence. Fehrman emphasized the importance of local leaders in understanding customer and regulatory needs, and he expressed confidence in Simmons' leadership capabilities. AEP is also investing significantly in its infrastructure, with plans to improve the reliability and sustainability of its energy supply. The company has ambitious goals for reducing carbon emissions and increasing renewable energy capacity, indicating a strong focus on sustainability and community engagement.

Aug 28, 2024 13:02:43

American Electric Power Announces CEO Transition

American Electric Power appoints Benjamin G.S. Fowke III as interim CEO, reaffirms financial guidance. Lead director named chair, external CEO search initiated. Positive outlook for company's future outlined in transition statement.

Feb 26, 2024 16:31:03

AEP Appoints Two New Directors from Icahn Capital

American Electric Power (AEP) appoints Hunter C. Gary and Henry P. Linginfelter from Icahn Capital to its Board of Directors. The company aims to benefit from their operational oversight, utility regulatory experience, and industry expertise. The Board will temporarily increase to 14 directors, with 13 being independent, and will be comprised of 12 directors after the 2024 Annual Meeting of Shareholders. The additions are subject to regulatory approvals and come with standstill and voting commitments. AEP is advised by J.P. Morgan Securities LLC and Simpson Thacher & Bartlett LLP.

Feb 12, 2024 16:33:05

AEP reports Q3 2023 earnings, narrows guidance while maintaining midpoint

American Electric Power (AEP) reported third-quarter 2023 earnings of $1.83 per share, compared to $1.33 per share in the same period last year, with operating earnings of $1.77 per share, compared to $1.62 per share in the previous year. AEP narrowed its 2023 operating earnings guidance range to $5.24 to $5.34 per share, maintaining the midpoint at $5.29. The company reaffirmed its long-term growth rate of 6% to 7% and FFO/Debt target of 14% to 15%. AEP is taking steps to de-risk and simplify its business, including the sale of its unregulated renewables portfolio and ongoing strategic reviews of joint ventures.

Nov 02, 2023 07:00:47