American Electric Power Company, Inc. (NASDAQ:AEP) on Tuesday reported upbeat first-quarter results.
Adjusted earnings were $1.64 per share, up from $1.54 a year earlier and above the Street estimate of $1.57. Revenue totaled $6.02 billion, topping analyst expectations of $5.68 billion.
American Electric Power reiterated its 2026 operating earnings guidance of $6.15 to $6.45 per share, compared with a consensus estimate of $6.34.
“AEP is executing on our strategic plan at an exceptionally high level during a time of unprecedented opportunity for our industry while keeping an intense focus on affordability,” said Bill Fehrman, AEP chairman, president and chief executive officer. “We are seeing substantial demand growth across our footprint, particularly from …
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