American Electric Power(US:AEP) Prnewswireยท2025-07-30 10:57Core Insights - American Electric Power (AEP) reported significant growth in second-quarter 2025 earnings, with GAAP earnings of $1,226 million or $2.29 per share, compared to $340 million or $0.64 per share in the same quarter of 2024 [1][11] - The company reaffirmed its 2025 operating earnings guidance range of $5.75 to $5.95 per share, now guiding to the upper half of that range, and maintained a long-term operating earnings growth rate of 6% to 8% [2][11] Financial Performance - AEP's operating earnings for Q2 2025 were $766 million or $1.43 per share, an increase from $662 million or $1.25 per share in Q2 2024, reflecting a growth of 15.7% [1][12] - Year-to-date revenue for 2025 reached $10,550.3 million, up from $9,604.9 million in 2024, marking an increase of $945.4 million [10] Customer-Centric Strategy - AEP's focus on customer service has led to enhanced energy systems and infrastructure investments, supported by recent legislative advancements in Oklahoma, Ohio, and Texas [4][5] - The company has secured customer agreements for an additional 24 gigawatts of load by 2030, primarily in high-growth areas, which will increase AEP's peak load to over 60 gigawatts [8][11] Capital Investment and Growth - AEP is executing a $54 billion capital plan and plans to announce a new five-year capital plan of approximately $70 billion to meet growing energy demands [7][11] - The company completed a $2.82 billion investment transaction for a 19.9% equity interest in its Ohio and Indiana Michigan transmission companies, strengthening its financial foundation [6][11] Regulatory and Legislative Support - Key regulatory achievements, such as the acquisition of the Green Country natural gas plant and approval of large load tariffs, have positively impacted AEP's operations and growth prospects [4][11] - AEP's strategy includes deepening collaboration with regulators and policymakers to enhance service and economic growth [5][9]