American Electric Power Reports Strong Q3 Earnings Amid Rising Commercial Demand

The company beats profit estimates due to increased electricity usage at data centers, though it narrowly misses revenue expectations.

American Electric Power's Q3 adjusted EPS of $1.85 surpassed the consensus estimate of $1.80.
The company reported a revenue of $5.42 billion, slightly below the expected $5.434 billion.
Commercial electricity load increased by over 10% year-over-year, driven by data center demand.
AEP has revised its five-year capital investment plan to $54 billion, up from $43 billion.
The company projects a long-term growth rate of 6% to 8%, supported by new customer contracts.