The following is a summary of the American Electric Power Company, Inc. (AEP) Q3 2024 Earnings Call Transcript:

Financial Performance:

• AEP reported Q3 2024 operating earnings of $1.85 per share, totaling $985 million.

• Narrowed the 2024 full-year operating earnings guidance to a range of $5.58 to $5.68 per share, maintaining the original midpoint of $5.63.

• Introduced 2025 operating earnings guidance range of $5.75 to $5.95 per share, reflecting a 4% rise.

Business Progress:

• AEP announced a revised long-term earnings growth rate of 6% to 8% off a 2025 base year, supported by a $54 billion capital plan for 2025-2029, a 25% increase over the previous plan.

• Notable load growth expected from sectors like data centers, primarily in Ohio, Texas, and Indiana, contributing to substantial future investments in transmission and generation infrastructure.

Opportunities:

• AEP's $54 billion capital plan for 2025-2029 promises major investments in transmission and generation, capitalizing on massive load growth in their service territories.

• With 20 gigawatts of customer commitments for load additions through 2029 driven by data centers, AEP plans are aligned with current demands and future growth in the energy sector.

Risks:

• Significant load growth and the expansion of the transmission network might stretch AEP's operational capacity and resources.

Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.