American Electric reports Q3 EPS $1.77, consensus $1.71

Reports Q3 revenue $5.3B, consensus $5.38B. “Our earnings growth this quarter was driven by our long-term strategy to invest in a modern, reliable energy system to meet the evolving needs of our customers while keeping electricity rates affordable,” said Julie Sloat, AEP chair, president and chief executive officer. “Our team has delivered these results in the face of high interest rates, inflation and unfavorable weather by actively managing the business, controlling costs and executing on our flexible and robust capital plan to help meet our stakeholder commitments.”