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Sentiment · FY2026 Q2
| Analyst | Firm | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Steve Fleishman | Wolfe Research | 15 (7%) |
| Julien Dumoulin-Smith | Jefferies | 12 (0%) |
| David Arcaro | Morgan Stanley | 10 (0%) |
| Carly Davenport | Goldman Sachs | 9 (0%) |
| Nick Campanella | Barclays | 8 (13%) |
| Shar Pourreza | Wells Fargo | 8 (13%) |
| Ross Fowler | Bank of America | 7 (0%) |
| Michael Lonegan | Barclays | 6 (33%) |
| Jeremy Tonet | JPMorgan | 6 (0%) |
| Durgesh Chopra | Evercore ISI | 4 (0%) |
| Firm | Analysts | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Wolfe Research | 2 | 17 (6%) |
| Barclays | 2 | 14 (21%) |
| Jefferies | 2 | 14 (0%) |
| Wells Fargo | 2 |
| Quarter | Revenue | Rev YoY | EPS | EPS YoY | Op margin | Net margin | FCF |
|---|---|---|---|---|---|---|---|
| FY2024 Q4 | $4.70B | +0.3% | $1.25 | +95.3% | 23.3% | 14.1% | $-776M |
| FY2025 Q1 | $5.64B | +10.7% | $1.50 | -21.1% | 25.8% | 14.2% | $-686M |
| FY2025 Q2 | $5.09B | +9.9% | $2.29 | +257.8% | 27.5% |
| 10 (10%) |
| Morgan Stanley | 1 | 10 (0%) |
| JPMorgan | 2 | 10 (10%) |
| Goldman Sachs | 1 | 9 (0%) |
| Bank of America | 1 | 7 (0%) |
| 24.1% |
| $3.31B |
| FY2025 Q3 | $6.01B | +9.5% | $1.81 | +0.6% | 25.3% | 16.2% | $1.79B |
| FY2025 Q4 | $5.05B | +7.3% | $1.07 | -14.4% | 18.3% | 11.5% | $3.87B |
| FY2026 Q1 | $6.02B | +6.8% | $1.60 | +6.7% | 22.6% | 14.5% | $-1.32B |
| FY2026 Q2 | $5.45B | +7.0% | $1.30 | -43.2% | 22.9% | 13.1% | $4.69B |
Management’s own words, often on a non-GAAP, constant-currency, or adjusted basis — so these can differ from the GAAP figures above (e.g. constant-currency revenue growth excludes currency swings).
AEP delivered Q1 operating EPS of $1.64, up from $1.54 a year ago, as data center load growth accelerated with incremental contracted commitments reaching 63 GW expected by 2030. The capital plan expanded by $6 billion to $78 billion driving an 11% rate base CAGR, and the company won competitive 765kV transmission projects across multiple RTOs. PJM interconnection speed raised strategic concerns about the pace at which committed load could actually energize.
Capex Investment | Regulation Policy | Demand | Capital Allocation | Revenue Growth | Innovation & R&D | Guidance Reliability | Supply Chain | |
|---|---|---|---|---|---|---|---|---|
| 2024Q4 | 5 | 4 | 5 | 7 | 2 | 3 | 1 | |
| 2025Q1 | 4 | 5 | 4 | 2 | 3 | 1 | 2 | |
| 2025Q2 | 6 | 3 | 4 | 3 | 3 | 2 | 1 | |
| 2025Q3 | 4 | 4 | 5 | 2 | 3 | 1 | 4 | 2 |
| 2025Q4 | 4 | 6 | 8 | 3 | 1 | 2 | 2 | |
| 2026Q1 | 10 | 7 | 1 | 3 | 2 | 1 | 1 |
| '24Q4 | '25Q1 | '25Q2 | '25Q3 | '25Q4 | '26Q1 | |
|---|---|---|---|---|---|---|
| Capex Investment | 5 | 4 | 6 | 4 | 4 | 10 |
| Regulation Policy | 4 | 5 | 3 | 4 | 6 | 7 |
| Demand | 5 | 4 | 4 | 5 | 8 | 1 |
| Capital Allocation | 7 | 2 | 3 | 2 | 3 | |
| Revenue Growth | 2 | 3 | 3 | 3 | 3 | |
| Innovation & R&D | 3 | 1 | 2 | 1 | 1 | 2 |
| Guidance Reliability | 2 | 4 | 2 | 1 | ||
| Supply Chain | 1 | 1 | 2 | 2 | 1 |
What AEP and other companies said about each other on FY2026 Q1 earnings calls — extracted verbatim from public transcripts. Mentions from the newest quarter are a Pro feature.
“We have a great relationship with AEP. As they announced 765, we're right in the middle of it with them, both on equipment as well.”
Quanta describes AEP as a growing transmission customer, partnering on the utility's 765kV build including equipment supply, implying expanding capex at AEP.
“we're most active with Mitsubishi and GE on the supply.”
AEP names GE Vernova as one of its most active gas-turbine suppliers for its generation build-out, implying continued turbine order demand at GE Vernova's power business.
“we're most active with Mitsubishi and GE on the supply.”
AEP names Mitsubishi as one of its most active gas-turbine suppliers as it secures 10+ GW of turbine capacity, implying strong turbine demand for Mitsubishi Power.
“We're continuing to work with Bloom to ensure that we can meet schedules that the customers want to have.”
AEP is coordinating with Bloom (Bloom Energy) on fuel-cell delivery schedules for the Wyoming on-site power project, implying ongoing Bloom fuel-cell supply activity.
“we are also evaluating a multibillion-dollar Google data center development in Putnam County, West Virginia.”
AEP is evaluating a multibillion-dollar Google data center in West Virginia, signaling a large prospective Google/Alphabet data-center build (not yet in AEP's load forecast).
“driven primarily by an Amazon data center project in Northwest Louisiana.”
AEP's SPP contracted load growth is being driven by an Amazon data center project, indicating continued Amazon data-center expansion in the region.
“The strategic partnership agreement with [ Quanta Services ] that we announced late last year, continues to drive high confidence in the execution of our high-voltage transmission projects.”
AEP frames Quanta Services as its industry-leading strategic partner accelerating the 765 kV transmission build-out, a strong endorsement of Quanta's construction pipeline with AEP.
| Company | Score | Trend | Rev YoY |
|---|---|---|---|
AEP American Electric Power | 5 | +6.8% | |
| AEE Ameren | 7 | +3.8% | |
| CMS CMS Energy | 6 | +11.6% | |
| CNP CenterPoint Energy | 5 | +1.9% | |
| D Dominion Energy | 7 | +26.2% | |
| DTE DTE Energy | 7 | +15.8% | |
| DUK Duke Energy | 8 | +11.3% | |
| ED Consolidated Edison | 6 | +6.2% | |
| EIX Edison International | 6 | +7.7% | |
| ES Eversource Energy | 6 | +9.4% | |
| ETR Entergy | 8 | +12.0% | |
| EVRG Evergy | 7 | +5.5% | |
| EXC Exelon | 6 | +7.9% | |
| FE FirstEnergy | 7 | +11.6% | |
| LNT Alliant Energy | 5 | +5.0% | |
| NEE NextEra Energy | 6 | +7.3% | |
| PCG PG&E Corporation | 8 | +15.0% | |
| PEG Public Service Enterprise Group | 9 | +19.4% | |
| PNW Pinnacle West | 8 | +11.4% | |
| PPL PPL Corporation | 7 | +10.8% | |
| SO Southern Company | 6 | +8.0% | |
| WEC WEC Energy Group | 7 | +9.0% | |
| XEL Xcel Energy | 6 | +2.9% |