Short answer
American Electric Power (AEP) filed its Q1 2026 10-Q quarterly report on May 5, 2026 for the quarter ended Mar 31, 2026. Quarterly revenue was $5.9B (up 5.1% year over year) with net income of $874M.
Q1 2026 key financials · XBRL
- Revenue
- $5.9B
- +5.1% YoY
- Net income
- $874M
- +9.2% YoY
- Operating margin
- 23.0%
- EPS (diluted)
- $1.60
- +6.7% YoY
Source: XBRL data from the American Electric Power (AEP) Q1 2026 10-Q on SEC EDGAR. USD.
American Electric Power Q1 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Earnings attributable to AEP shareholders $874M vs $800M YoY, driven by transmission investment, rates and data-processing load
- Best segment AEPTCo earnings $183M; worst PSO earnings $15M vs $28M YoY
- Operating earnings $891M vs $823M YoY; no operating-margin percentages disclosed
- $78B five-year capital plan; 870 MW owned generation addition planned for 2026
- Headwinds: residential weather weakness, hedging losses, Pirkey disallowance and regulatory cost-recovery uncertainty
Risk Factors
- No material risk-factor changes as of March 31, 2026 versus AEP’s 2025 Form 10-K
- Liquidity facility expansion to $8.0 billion, with maturities extended to April 2029 and April 2031
- Variable-rate borrowings expose AEP to interest-rate volatility under amended credit agreements
- Debt-to-total-capitalization covenant capped at 67.5%, with covenant breach triggering credit-agreement default
- Debt acceleration exceeding $100 million could trigger cross-defaults and lender payment demands
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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