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American Electric Power beat Wall Street estimates for first-quarter profit on Tuesday, benefiting from higher demand from commercial customers, and said it expects minimal direct impact on its long-term spending plan from tariffs.
AEP completes anticipated equity needs to execute five-year, $54 billion capital investment plan. Company makes progress achieving balanced regulatory outcomes, focuses on needs of states.
The major stock market indexes have staged an epic recovery in recent weeks but are still down year to date (YTD). But that doesn't mean all stocks are participating in the sell-off.
AEP's Q1 results are likely to benefit from strong rate base growth and higher transmission revenues amid higher O&M expenses.
Besides Wall Street's top -and-bottom-line estimates for AEP (AEP), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended March 2025.
COLUMBUS, Ohio , April 29, 2025 /PRNewswire/ -- The Board of Directors of American Electric Power (Nasdaq: AEP) has declared a regular quarterly cash dividend of 93 cents per share on the company's common stock. The dividend is payable June 10, 2025, to shareholders of record as of May 9, 2025, and is the company's 460th consecutive quarterly common stock cash dividend.
AEP (AEP) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
COLUMBUS, Ohio , April 29, 2025 /PRNewswire/ -- Joseph G. Sauvage, retired vice chairman and chairman of Global Power, Utilities and Renewables of Citigroup, today was elected to the American Electric Power (Nasdaq: AEP) Board of Directors.
CORPUS CHRISTI, Texas , April 24, 2025 /PRNewswire/ -- AEP Texas is set to build one of the first 765-kV transmission line projects in the Electric Reliability Council of Texas (ERCOT) to support the growing electricity needs of the Permian Basin. The Howard-Solstice Transmission Line Project is one of three 765-kV transmission lines to be constructed along the 765-kV import paths approved by the Public Utility Commission of Texas (PUCT) on April 24 as part of the Permian Basin Reliability Plan.
CORPUS CHRISTI, Texas , April 24, 2025 /PRNewswire/ -- AEP Texas will implement a three-year resiliency plan to harden its distribution infrastructure, complete targeted tree trimming and vegetation management work and introduce technologies that will provide better situational awareness to assist in the prevention and mitigation of wildfires. The purpose of the system resiliency plan is to reduce the duration of outages and lower the restoration costs of future storm events.