Benzinga | Oct 22, 2020 07:31AM EDT

American Electric Power: Q3 Earnings Insights

Shares of American Electric Power (NASDAQ:AEP) were unchanged after the company reported Q3 results.

Quarterly Results

Earnings per share rose 0.68% over the past year to $1.47, which beat the estimate of $1.45.

Revenue of $4,100,000,000 decreased by 4.65% from the same period last year, which missed the estimate of $4,410,000,000.

Outlook

Earnings guidance hasn't been issued by the company for now.

American Electric Power hasn't issued any revenue guidance for the time being.

Recent Stock Performance

Company's 52-week high was at $104.97

Company's 52-week low was at $65.14

Price action over last quarter: Up 4.39%

Company Profile

American Electric Power is one of the largest regulated utilities in the United States, providing electricity generation, transmission, and distribution to more than 5 million retail customers in 11 states. About 45% of AEP's of capacity is coal, with the remainder from a mix of natural gas (28%), renewables (17%), nuclear (7%), and demand response (3%). Vertically integrated utilities, transmission and distribution utilities, competitive transmission, and unregulated generation and marketing support earnings.