American Electric Power Q3: EPS Beat, Revenue Miss, 10% Commercial Load Jump & More
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 06 2024
0mins
Source: Benzinga
Quarterly Performance: American Electric Power Company reported third-quarter revenue of $5.42 billion, slightly below expectations, but adjusted operating earnings rose to $985.4 million, with adjusted EPS of $1.85 exceeding the consensus.
Future Outlook: The company has narrowed its FY24 adjusted EPS guidance and expects long-term growth of 6% to 8%, supported by a $54 billion capital investment plan over the next five years.
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Analyst Views on AEP
Wall Street analysts forecast AEP stock price to fall
9 Analyst Rating
5 Buy
3 Hold
1 Sell
Moderate Buy
Current: 138.510
Low
110.00
Averages
127.78
High
140.00
Current: 138.510
Low
110.00
Averages
127.78
High
140.00
About AEP
American Electric Power Company, Inc. is an electric public utility holding company. Its electric utility operating companies provide generation, transmission and distribution services to more than five million retail customers in Arkansas, Indiana, Kentucky, Louisiana, Michigan, Ohio, Oklahoma, Tennessee, Texas, Virginia and West Virginia. Its segments include Vertically Integrated Utilities, Transmission and Distribution Utilities, AEP Transmission Holdco and Generation & Marketing. The Vertically Integrated Utilities are engaged in the generation, transmission and distribution of electricity for sale to retail and wholesale customers. The Transmission and Distribution Utilities consist of the transmission and distribution of electricity for sale to retail and wholesale customers. AEP Transmission Holdco is engaged in the development, construction and operation of transmission facilities. The Generation & Marketing segment conducts Marketing, risk management and retail activities.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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See More
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- Growing Power Demand: As AI spending continues to rise, the electricity demand from terrestrial data centers is expected to increase significantly, likely benefiting electric utility companies like American Electric Power (AEP), which operates in regions historically friendly to large-scale energy development.
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