02:28 PM EDT, 10/29/2025 (MT Newswires) -- (Updates with stock price movement in the headline and the first paragraph, and capital plan development in the seventh and eighth paragraphs.)
American Electric Power ( AEP ) shares rose 6% in recent Wednesday trading after posting a Q3 revenue beat and outlining an expanded five-year capital plan.
The company reported Q3 operating earnings Wednesday of $1.80 per share, down from $1.85 a year earlier.
Analysts polled by FactSet expected $1.81.
Revenue for the quarter ended Sept. 30 was $6.01 billion, compared with $5.42 billion a year earlier.
Analysts polled by FactSet expected $5.71 billion.
The company said it expects 2025 operating earnings per share to be in the upper half of its guidance of $5.75 to $5.95. Analysts polled by FactSet expect $5.94.
The company outlined a $72 billion capital plan over the next five years to meet "unprecedented" power demand growth from data centers and industrial customers.
The plan includes about $30 billion for transmission, more than $20 billion for generation resources, and $17 billion for distribution networks. AEP said it expects peak system demand to rise to 65 gigawatts by 2030, up from 37 gigawatts currently.
Price: 122.02, Change: +6.91, Percent Change: +6.00