American Electric Power Q3 revenue rises 13.7%, beats estimates

American Electric Power

28/10/2026 11:08

Overview
US electric utility's Q3 revenue rose 13.65% yr/yr and beat analyst expectations
Q3 adjusted EPS beat analyst expectations
Company announced $100 bln five-year capital plan and raised long-term growth outlook

Outlook
Company expects 2026 operating EPS at or above high end of $6.25-$6.55 range
AEP forecasts 2027 operating EPS of $6.75-$7.05 and 2028 EPS of $7.40-$7.70
Company targets 9%-11% annual operating EPS growth for 2027-2031

Result Drivers
LARGE LOAD CONTRACTS - Co said new large customer contracts drove increased electricity demand and supported Q3 results
CAPITAL INVESTMENT - Co said expanded capital plan and investments in transmission, generation and distribution supported Q3 performance
FIXED COST OFFSETS - Co said fixed cost offsets from large customer contracts benefited residential customers and contributed to results

Company press release: ID:nPn8hKkZxa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$6.83 bln
$6.55 bln (9 Analysts)
Q3 Adjusted EPS
Beat
$2.23
$2.05 (16 Analysts)
Q3 EPS
 
$2.18
 
Q3 Net Income
 
$1.19 bln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 16 "strong buy" or "buy", 9 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the electric utilities peer group is "buy"
Wall Street's median 12-month price target for American Electric Power Company Inc is $143.82, about 10.4% above its October 27 closing price of $130.30
The stock recently traded at 19 times the next 12-month earnings vs. a P/E of 21 three months ago

Reuters Recommended Reads
Oct 27 - CenterPoint Energy Q3 adjusted EPS beats estimates, raises 2026 outlook
Oct 27 - CMS Energy Q3 adjusted EPS beats estimates
Oct 28 - NiSource Q3 profit beats; narrows 2026 adjusted EPS forecast

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)