Shares of American Electric Power Co., Inc. (NASDAQ: AEP) are up more than 3% on July 30 after the company delivered a double beat in its second quarter earnings report. That pushes the stock’s year-to-date gain over 21%. That's significantly better than the Utilities Select Sector SPDR Fund (NYSEARCA: XLU), which is up 12.6% in 2025.
AEP reported earnings per share (EPS) of $1.43, which easily beat analysts’ expectations for $1.27 and was 14% higher year over year (YOY). The company also affirmed its full-year earnings guidance and predicted it would fall in the upper half of a range between $5.75 and $5.95.
