American Electric Power gains on increased capex plan, beats Q4 profit estimates

American Electric Power

12/02/2026 12:29

** Shares of utility company American Electric Power AEP.O up ~2% to $124.41 premarket

** Co surpasses Q4 profit expectations, citing surge in power demand driven by large hyperscalers

** AEP posts adjusted Q4 profit of $1.19 per share v/s est. of $1.15 per share - data compiled by LSEG

** Co says it will expand its five-year capital expenditure plan beyond $72 billion

** Including session's moves, stock up 23% YTD

 (Reporting by Dharna Bafna in Bengaluru)

 ((Dharna.bafna@thomsonreuters.com))