American Electric Power rises to record high after beating Q4 profit estimates, increased capex plan

American Electric Power

12/02/2026 16:02

Updates

** Shares of utility company American Electric Power AEP.O up 4.5% to a record high of $127.8

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

** Co says it has identified $5 billion to $8 billion in additional transmission and generation projects beyond its current $72 billion five-year capital investment plan

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

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

(Reporting by Dharna Bafna and Katha Kalia in Bengaluru)

((Dharna.bafna@thomsonreuters.com))