Latest news with #AEP
Yahoo
16 hours ago
- Business
- Yahoo
American Electric Power Lifts Annual GAAP Outlook, To Announce $70 Billion Capital Plan
American Electric Power Company, Inc. (NASDAQ:AEP) on Wednesday posted stronger-than-expected second-quarter results and raised its full-year GAAP earnings guidance, citing customer load growth, favorable regulatory outcomes, and capital strength across key service territories. The Ohio-based utility reported adjusted earnings of $1.43 per share, up from $1.25 a year ago and above the Street estimate of $1.23. Revenue rose 11.1% year-over-year to $5.09 billion, ahead of the $4.84 billion analyst consensus. GAAP earnings surged to $2.29 per share, compared to $0.64 a year earlier, primarily due to one-time regulatory and investment-related Electric Power reported higher second-quarter operating earnings across all core segments, with Vertically Integrated Utilities earning $296.7 million, up from $244.8 million, and Transmission & Distribution Utilities contributing $224.1 million, compared with $215.3 million a year ago. Transmission Holdco posted operating earnings of $224.5 million, up from $208.9 million, while the Generation and Marketing segment rose to $91.7 million from $61.0 million in the prior-year period. AEP disclosed it has secured financial commitments for 24 gigawatts of new load by the end of the decade, up from 21 GW. The company expects these additions—concentrated in Indiana, Ohio, and Texas—to lift its peak load beyond 60 GW, ranking it among the fastest-growing utilities in North America. View more earnings on AEP Planning is underway for additional transmission lines across Texas, Virginia, and West Virginia, following recent project selections by the Public Utility Commission of Texas and PJM. To support this growth, AEP is preparing to announce a new five-year capital plan of approximately $70 billion this fall, up from its current $54 billion plan. In June, AEP completed a transaction with KKR and PSP Investments, which jointly invested $2.82 billion for a 19.9% stake in AEP's transmission assets in Ohio and Indiana. Combined with a $2.3 billion forward equity raise in Q1, the moves strengthen the utility's credit profile and fund infrastructure expansion. Outlook AEP reaffirmed its 2025 adjusted earnings per share (EPS) guidance of $5.75 to $5.95, in line with long-term growth targets and slightly above the Wall Street consensus of $5.87. The company now expects to deliver toward the upper half of that range. Significantly, AEP raised its full-year 2025 GAAP EPS forecast to $6.57 to $6.77, up from the prior $5.71 to $5.91 range and well ahead of the consensus estimate of $5.86. The updated range reflects items such as the sale of AEP OnSite Partners and the impact of recent federal regulatory decisions. AEP reaffirmed its long-term operating EPS growth target of 6% to 8%, as it continues investing in grid transformation and customer-centric innovation. Price Action: AEP shares are trading higher by 3.61% at $113.15 at last check Wednesday. Read Next:Photo by T. Schneider via Shutterstock UNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets. Get the latest stock analysis from Benzinga? AMERICAN ELECTRIC POWER (AEP): Free Stock Analysis Report This article American Electric Power Lifts Annual GAAP Outlook, To Announce $70 Billion Capital Plan originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved.
Globe and Mail
18 hours ago
- Business
- Globe and Mail
American Electric's Q2 Earnings Beat Estimates, Revenues Increase Y/Y
American Electric Power Company, Inc. AEP reported second-quarter 2025 operating earnings per share (EPS) of $1.43, which beat the Zacks Consensus Estimate of $1.28 by 11.7%. The bottom line inched up 14.4% from $1.25 recorded in the year-ago quarter. The company reported GAAP earnings of $2.29 per share compared with the year-ago quarter's 64 cents. Total Revenues AEP's revenues of $5.09 billion rose 11.1% from the year-ago quarter's level of $4.58 billion. The top line also beat the Zacks Consensus Estimate of $4.94 billion by 2.9%. American Electric Power Company, Inc. Price, Consensus and EPS Surprise American Electric Power Company, Inc. price-consensus-eps-surprise-chart | American Electric Power Company, Inc. Quote AEP's Segmental Performance Vertically Integrated Utility Operations: Operating earnings increased to $296.7 million from $244.8 million in the year-ago period. Transmission & Distribution Utilities: Operating earnings totaled $224.1 million, up from $215.3 million in the year-ago quarter. AEP Transmission Holdco: This segment generated operating earnings of $224.5 million, up from $208.9 million in the year-ago quarter. Generation and Marketing: Operating earnings amounted to $91.7 million, up from $61 million in the year-ago quarter. All Other: The segment reported an operating loss of $71.3 million, wider than the year-ago reported loss of $68 million. AEP's 2025 Guidance American Electric has reaffirmed its 2025 operating earnings guidance. It still expects to generate earnings in the band of $5.75-$5.95 per share. The Zacks Consensus Estimate for earnings is pegged at $5.85 per share, which lies in line with the midpoint of the company's projected range. AEP continues to expect the long-term EPS growth rate to be in the range of 6-8%. AEP's Zacks Rank American Electric currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Recent Utility Releases DTE Energy Company DTE reported second-quarter 2025 operating earnings per share (EPS) of $1.36, which lagged the Zacks Consensus Estimate of $1.37 by 0.7%. The bottom line also declined 4.9% from the year-ago reported figure of $1.43. DTE Energy reiterated its 2025 operating EPS guidance. The company expects the metric to be in the range of $7.09-$7.23. CenterPoint Energy, Inc. CNP reported second-quarter 2025 adjusted earnings of 29 cents per share, which lagged the Zacks Consensus Estimate of 34 cents by 14.7%. The bottom line also declined 19.4% from the year-ago quarter's figure of 36 cents. CNP generated revenues of $1.94 billion, which beat the Zacks Consensus Estimate by a whisker. The top line was also up 2% from the year-ago quarter's reported figure of $1.91 billion. NextEra Energy, Inc. NEE reported second-quarter 2025 adjusted earnings of $1.05 per share, which topped the Zacks Consensus Estimate of $1.02 by 2.9%. The bottom line was also up nearly 9.4% year over year. In the second quarter, NextEra Energy's operating revenues were $6.7 billion, which missed the Zacks Consensus Estimate of $7.22 billion by 7.28%. However, the top line improved 10.4% year over year. #1 Semiconductor Stock to Buy (Not NVDA) The incredible demand for data is fueling the market's next digital gold rush. As data centers continue to be built and constantly upgraded, the companies that provide the hardware for these behemoths will become the NVIDIAs of tomorrow. One under-the-radar chipmaker is uniquely positioned to take advantage of the next growth stage of this market. It specializes in semiconductor products that titans like NVIDIA don't build. It's just beginning to enter the spotlight, which is exactly where you want to be. See This Stock Now for Free >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report NextEra Energy, Inc. (NEE): Free Stock Analysis Report DTE Energy Company (DTE): Free Stock Analysis Report American Electric Power Company, Inc. (AEP): Free Stock Analysis Report CenterPoint Energy, Inc. (CNP): Free Stock Analysis Report
Yahoo
a day ago
- Business
- Yahoo
AEP beats profit estimates, expects new five-year capital plan of $70 billion
(Reuters) -American Electric Power beat Wall Street estimates for second-quarter profit on Wednesday, and said it expects to announce a new, five-year capital plan this fall of about $70 billion to meet growing energy needs in the U.S. Shares were up 1% at $110.34 in premarket trading. In April, the U.S. Energy Information Administration (EIA) said U.S. power consumption will hit new record highs in 2025 and 2026, on the back of data centers dedicated to artificial intelligence and cryptocurrency, encouraging power producers to ramp up investments. Earlier this year, the company said it was considering adding $10 billion to its $54 billion five-year capital plan as demand for data centers ramped up in the U.S. electric utility's service areas. The company's quarterly profit beat was on the back of higher electricity rates, which utility firms obtain by using rate case proceedings to seek power price increases, basing their appeals on their investments or expenses incurred in delivering services. The Colombus, Ohio-based company reported an adjusted profit of $1.43 per share for the quarter ended June 30, compared with analysts' average estimate of $1.27 per share, according to data compiled by LSEG. AEP serves about 5.6 million customers in 11 states including Texas, Ohio and Kentucky. It possesses the largest electric transmission system in the U.S. The utility reaffirmed its full-year adjusted profit forecast in the range of $5.75 to $5.95 per share, and added that it now expects it in the upper half of that range.
Reuters
a day ago
- Business
- Reuters
AEP beats profit estimates, expects new five-year capital plan of $70 billion
July 30 (Reuters) - American Electric Power (AEP.O), opens new tab beat Wall Street estimates for second-quarter profit on Wednesday, and said it expects to announce a new, five-year capital plan this fall of about $70 billion to meet growing energy needs in the U.S. Shares were up 1% at $110.34 in premarket trading. In April, the U.S. Energy Information Administration (EIA) said U.S. power consumption will hit new record highs in 2025 and 2026, on the back of data centers dedicated to artificial intelligence and cryptocurrency, encouraging power producers to ramp up investments. Earlier this year, the company said it was considering adding $10 billion to its $54 billion five-year capital plan as demand for data centers ramped up in the U.S. electric utility's service areas. The company's quarterly profit beat was on the back of higher electricity rates, which utility firms obtain by using rate case proceedings to seek power price increases, basing their appeals on their investments or expenses incurred in delivering services. The Colombus, Ohio-based company reported an adjusted profit of $1.43 per share for the quarter ended June 30, compared with analysts' average estimate of $1.27 per share, according to data compiled by LSEG. AEP serves about 5.6 million customers in 11 states including Texas, Ohio and Kentucky. It possesses the largest electric transmission system in the U.S. The utility reaffirmed its full-year adjusted profit forecast in the range of $5.75 to $5.95 per share, and added that it now expects it in the upper half of that range.
Yahoo
a day ago
- Climate
- Yahoo
Nearly 3,000 residents on Columbus' East Side without power on July 29, AEP says
Nearly 3,000 people are without power on Columbus' East Side, according to a Facebook post from AEP Ohio. AEP said the outage was reported just before 5:40 p.m. July 29, according to its outage map. The utility company did not immediately say what caused the outage. Crews have responded to the area, and AEP estimates that electricity will be restored at 9:30 p.m., the map says. The outage is affecting residents living on East Main Street between Hamilton and Noe-Bixby roads, according to the outage map. Affected residents may register for updates on power restoration at Reporter Shahid Meighan can be reached at smeighan@ at @ShahidMeighan on X and at on Bluesky. This article originally appeared on The Columbus Dispatch: AEP: Nearly 3,000 people on Columbus' East Side without power July 29 Solve the daily Crossword
