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Oct 29, 2025 8:50 AM

American Electric Power Lifts Outlook As It Rolls Out Ambitious $72 Billion Investment Blueprint

American Electric Power Company, Inc. (NASDAQ:AEP) shares are trading higher premarket Wednesday.

The Ohio-based utility reported adjusted earnings of $1.80 per share, down from $1.85 a year ago and missing the Street estimate of $1.81.

Revenue stood at $6.01 billion, ahead of the $5.75 billion analyst consensus.

Also Read: American Electric Power Secured $1.6B Federal Loan Guarantee 

Segment Performance

American Electric Power reported higher third-quarter operating earnings in Vertically Integrated Utilities of $573.5 million (up from $572.4 million) and Transmission & Distribution Utilities of $259.1 million (compared with $245.2 million a year ago).

However, Transmission Holdco posted operating earnings of $199.9 million, down from $214.7 million, while the Generation and Marketing segment fell to $48.4 million from $99.2 million in the prior-year period.

Key Metrics

AEP revised its financial commitments to 28 gigawatts of new load by the end of the decade, up from 24 GW since July 2025.

This is led by Electric Service Agreements or Letters of Agreement ...