American Electric Power Q3 2025 Earnings Report

American Electric Power (AEP) reported its third-quarter 2025 financial results, with GAAP earnings of $1.82 per share and operating earnings of $1.80 per share. The company reaffirmed its 2025 operating earnings guidance range of $5.75 to $5.95 per share, expecting results to be in the upper half of the range. AEP announced a new long-term operating earnings growth rate of 7-9% over the next five years, supported by a $72 billion capital plan. The company expects its rate base to increase at a 10% compounded annual growth rate to $128 billion by 2030. AEP's capital plan includes significant investments in transmission and generation assets to meet growing customer demand, particularly from data centers and industrial customers. The company also highlighted its efforts to manage growth effectively, including new tariff structures and cost management strategies.