AEP Q1 operating earnings rise to $1.54 per share; reaffirms 2025 guidance
American Electric Power reported first-quarter 2025 GAAP earnings of $800 million, or $1.50 per share, down from $1,003 million, or $1.91 per share, a year earlier. Operating earnings, a non-GAAP measure, rose to $823 million, or $1.54 per share, from $670 million, or $1.27 per share, and the company reaffirmed its 2025 operating EPS guidance of $5.75 to $5.95. The company said it has completed the equity funding needed for its five-year, $54 billion capital plan, which shareholders should weigh against the lower GAAP earnings.
Key points
- Operating EPS of $1.54 versus $1.27 a year earlier; GAAP EPS of $1.50 versus $1.91
- Revenue of $5,463.4 million versus $5,025.7 million in first-quarter 2024
- 2025 operating EPS guidance of $5.75 to $5.95 reaffirmed; estimated GAAP EPS range is $5.71 to $5.91
- $2.3 billion forward equity offering completed in March; $2.82 billion transmission minority interest transaction awaits FERC approval
The filing
Written by AI on Nov 8, 2026, 1:42 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 06, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.