American Electric Power Q3: EPS Beat, Revenue Miss, 10% Commercial Load Jump & More

American Electric Power Company, Inc. (NASDAQ:AEP) reported the third quarter revenue of $5.42 billion, missing the consensus of $5.434 billion.

Commercial load increased more than 10% year-over-year through the third quarter. The company projects commercial load to grow an average of 20% annually over the next three years on the basis of customer contracts signed so far.

Total energy distribution fell 1.0% in the Vertically Integrated Utilities segment and rose 4.1% in the Transmission & Distribution Utilities segment. 

Adjusted operating earnings rose to $985.4 million from $923.8 million a year ago. 

Adjusted operating earnings from Vertically Integrated Utilities rose to $572.4 ...