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].

经济观察网美国电力公司(AEP)作为美国主要的垂直整合公用事业公司，其股票在2026年初值得关注的 事件主要围绕公司特定交易、财务表现及行业趋势。 公司状况 资产出售进展：美国电力于2025年宣布向KKR和PSP Investments出售其俄亥俄州、印第安纳州及密歇根 州输电网络19.9%的少数股权，交易价值28.2亿美元，预计于2025年下半年完成。此举旨在为公司的五 年资本计划融资。截至2026年1月，该交易已列入年度重大事件总结，后续进展可能影响公司现金流和 投资布局。 最新财报发布：AEP已发布2025财年三季报(累计)，覆盖2025年1月1日至9月30日数据，显示收入165.61 亿美元(同比增长10.22%)，净利润30.91亿美元(同比增长33.81%)。下一份关键财报为2025年年度报告， 通常于财年结束后的2026年第一季度披露，投资者可关注其全年业绩和2026年展望。 行业政策与环境 电力需求结构性增长：美国能源部预测，受AI数据中心扩张推动，2025-2026年用电量增速或达3%(高 于历史平均水平)，可能加剧区域性供需矛盾(如德州和中大西洋地区)。此外，美国能源部长于2025年10 ...

Group 1: AI and Chip Industry - Companies like Nvidia and Texas Instruments are gaining attention in the AI sector, with Nvidia focusing on AI brains and Texas Instruments on analog chips that manage real-world signals [1][2] - Texas Instruments has identified data centers as a significant growth opportunity, with sales in this segment growing by 70% in 2025 [3] Group 2: Data Center Demand - The surge in chip demand from Texas Instruments indicates a rapid increase in data center construction, leading to higher power requirements [4] - Bloom Energy provides hydrogen power cells that can be delivered faster than traditional electric utilities can build infrastructure, targeting data center owners and energy companies [5] - Brookfield Renewable is supplying electricity to major AI sector customers like Microsoft and Google, appealing to dividend investors with a yield of 5.2% [6] Group 3: Future Trends - The advancement of AI technology is expected to create long-term investment opportunities, with companies like Texas Instruments, Bloom Energy, and Brookfield Renewable playing crucial roles in this transition [9]

Core Insights - Bloom Energy's stock surged 291.2% in 2025, driven by the demand for data centers amid the AI boom and the company's technology addressing energy needs [1][2] Group 1: Market Dynamics - The global data center industry attracted over $61 billion in investments in 2025, highlighting the growing demand for reliable energy solutions [2] - Rapid off-grid power deployment is now the primary requirement for data center builders and operators, positioning Bloom Energy favorably in the market [8] Group 2: Strategic Partnerships - In 2025, Bloom Energy signed a $5 billion partnership with Brookfield Asset Management to develop AI factories powered by its energy servers [3] - Earlier in 2025, Bloom Energy deployed fuel cells for Oracle in just 90 days, showcasing its competitive advantage over traditional utilities [3] Group 3: Financial Performance - Bloom Energy achieved its fourth consecutive quarter of record revenue in October 2025, with a 38% revenue increase to nearly $1.2 billion and an 88% surge in gross profit [4] - The company transitioned from an operating loss in Q3 2024 to an operating income of $7.8 million in Q3 2025, indicating a path toward profitable scaling [5] Group 4: Future Outlook - Bloom Energy's stock gained an additional 74% in 2026 following a $2.65 billion deal with American Electric Power for solid oxide fuel cells [6] - The company is doubling its capacity to meet increasing demand, further solidifying its position as a key power supplier for data centers [6][8]

Core Insights - American Electric Power Company, Inc. (AEP) is focused on infrastructure enhancements to improve operational reliability and meet increasing customer demand while expanding its renewable energy generation portfolio [1][8] Group 1: Growth Factors - AEP's geographically diversified operations allow it to generate revenues across multiple states, providing a competitive advantage over utilities limited to a single region [2] - The company operates the largest electricity transmission network in the U.S., covering nearly 40,000 circuit miles, including about 2,100 circuit miles of 765 kV lines critical for the eastern U.S. electric grid [2] - In Q3 2025, AEP invested $1.7 billion to acquire four power plants and secured regulatory approvals for nearly 1,826 megawatts (MW) of renewable generation capacity through $4.5 billion of investments [3] - AEP plans to invest $8 billion in regulated renewable expansion from 2026 to 2030 [3] - The company is advancing a $72 billion capital investment plan for 2026-2030, focusing on generation, transmission, and distribution infrastructure, which supports a 10% rate base CAGR through 2030 [4] Group 2: Potential Risks - AEP Texas relies heavily on a limited number of Retail Electric Providers (REPs), with its two largest REPs contributing 40% of operating revenues in 2024, exposing the company to cash flow risks [5][8] - Regulatory constraints limit AEP Texas's ability to demand credit protections from REPs, increasing exposure to nonpayment risk [5] - As of September 30, 2025, AEP had a total generating capacity of 24,500 MW, with nearly 10,700 MW coal-based, and is evaluating the impact of new Environmental Protection Agency regulations on its generation fleet [6] Group 3: Stock Performance - AEP shares have increased by 3.7% over the past month, compared to the industry's growth of 4.1% [7]

Core Insights - The article discusses the significance of high-yield dividend stocks with sustainable payouts, emphasizing their historical importance in providing returns and stability in volatile markets [2][4]. Industry Overview - Dividends have historically contributed significantly to total returns in the stock market, accounting for approximately 36% of the S&P 500's total return over nearly a century [4]. - Companies that pay dividends tend to deliver better returns with less volatility compared to non-dividend payers, making them a reliable investment choice [3]. Market Conditions - Current market conditions, characterized by higher interest rates, persistent inflation, and slower growth, have increased volatility, making dividend-paying companies more attractive for stability [5]. - In uncertain economic environments, companies with strong balance sheets and steady cash flows are more likely to maintain dividend payments, providing a sense of security to investors [5]. Methodology for Stock Selection - The article outlines a methodology for selecting dividend stocks, focusing on companies with market capitalizations of at least $2 billion, stable dividend growth histories, sound financials, and strong balance sheets [8]. - A total of 14 stocks with dividend yields above 3% were identified and ranked based on their yields as of January 29 [8]. Company Highlights - **UnitedHealth Group Incorporated (NYSE:UNH)**: As of January 29, it has a dividend yield of 3.03%. Despite a recent price cut recommendation from RBC Capital, the company maintains a long-term adjusted EPS growth target of 13%-16% [10][11]. The stock experienced a nearly 17% decline due to disappointing Medicare Advantage rate proposals [11][12]. - **American Electric Power Company, Inc. (NASDAQ:AEP)**: As of January 29, it has a dividend yield of 3.16%. Wells Fargo raised its price target to $140, reflecting a forward valuation approach [14]. The company is advancing a significant fuel cell investment valued at approximately $2.65 billion, supporting its plans for a fuel cell power generation facility [15][16]. AEP has secured a 20-year offtake agreement for the facility's output, contingent on certain conditions [17].

Group 1 - The article promotes a subscription service for investment insights, specifically focusing on dividend stocks [1] - It highlights a live video series called "Underdog Daily Dividend Show" that features potential portfolio candidates [1] - The content encourages audience engagement by inviting comments on stock tickers for future reports [1]