Utility AEP beats Q3 revenue estimates, sets five-year $72 bln capital plan

American Electric Power

29/10/2025 11:06

Overview

AEP Q3 2025 revenue beats analyst expectations, adjusted EPS in-line

AEP announces $72 bln capital plan, supporting 7-9% earnings growth through 2030

Company expects rate base to grow 10% annually, reaching $128 bln by 2030

Outlook

AEP expects 2025 operating earnings in the upper half of $5.75-$5.95/share range

AEP projects 7-9% long-term operating earnings growth rate through 2030

AEP sees 2026 operating earnings between $6.15 and $6.45 per share

Result Drivers

CAPITAL PLAN - $72 bln capital plan aimed at infrastructure expansion to meet rising power demands

LOAD GROWTH - 28 GW of new load by 2030 driven by customer agreements, including data centers and industrials

TARIFF STRUCTURES - New tariff structures require financial commitments from large power demand customers

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$6.01 bln
$5.74 bln (9 Analysts)
Q3 ADJUSTED EPS
Meets
$1.80
$1.80 (16 Analysts)
Q3 EPS
$1.82
Q3 Net Income
$972 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 10 "strong buy" or "buy", 12 "hold" and 1 "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 $123.00, about 6.4% above its October 28 closing price of $115.11

The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 17 three months ago

Press Release: ID:nPn2lfvCVa

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(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.)