American Electric Power beats earnings and revenue estimates, raises capital plan to $78B.

American Electric Power (AEP) reported adjusted earnings of $1.64 per share, surpassing the expected $1.57, and revenue of $6.02 billion, above the $5.68 billion forecast. Key segments like Vertically Integrated Utilities and Transmission & Distribution Utilities showed strong operating earnings growth. The company signed 7 GW of new load agreements, mainly in Ohio and Texas, boosting expected incremental load growth to 63 GW by 2030. AEP raised its five-year capital plan to $78 billion, driven by transmission investments and new gas-fired generation projects, aiming for over 9% earnings CAGR through 2030 while keeping residential power affordable. The stock hit a 52-week high following the positive results.