News Releases
July 30, 2024
July 30, 2024
AEP Reports Second-Quarter 2024 Earnings; Reaffirms Guidance
- Second-quarter 2024 GAAP earnings of $0.64 per share; operating earnings of $1.25 per share
- Company reaffirms 2024 operating earnings (non-GAAP) guidance of $5.53 to $5.73 per share and long-term growth rate of 6% to 7%
- Strong data processing load in the commercial customer class positions AEP for further growth, supported by industry-leading transmission system
- Second-quarter 2024 GAAP earnings of $0.64 per share; operating earnings of $1.25 per share
- Company reaffirms 2024 operating earnings (non-GAAP) guidance of $5.53 to $5.73 per share and long-term growth rate of 6% to 7%
- Strong data processing load in the commercial customer class positions AEP for further growth, supported by industry-leading transmission system
July 24, 2024
July 24, 2024
AEP Declares Quarterly Dividend on Common Stock
The Board of Directors of American Electric Power Co. has declared a regular quarterly cash dividend of 88 cents a share on the company’s common stock.
The Board of Directors of American Electric Power Co. has declared a regular quarterly cash dividend of 88 cents a share on the company’s common stock.
May 13, 2024
May 13, 2024
AEP Retains AEP Energy, Reaffirms 2024 Earnings Guidance
American Electric Power announced today it will retain its retail energy business, AEP Energy. The company is reaffirming its 2024 operating earnings guidance of $5.53 to $5.73 per share, long-term growth rate of 6% to 7% and FFO/Debt target of 14% to 15%.
American Electric Power announced today it will retain its retail energy business, AEP Energy. The company is reaffirming its 2024 operating earnings guidance of $5.53 to $5.73 per share, long-term growth rate of 6% to 7% and FFO/Debt target of 14% to 15%.
May 13, 2024
May 13, 2024
AEP Signs Agreement to Sell Distributed Resources Business to Basalt
American Electric Power has entered into an agreement to sell its distributed resources business, AEP OnSite Partners (“OnSite”), to funds advised by Basalt Infrastructure Partners LLC. AEP expects to net approximately $315 million in cash after taxes and transaction fees, subject to customary closing adjustments. The sale is expected to close in the third quarter of 2024, pending regulatory approvals.
American Electric Power has entered into an agreement to sell its distributed resources business, AEP OnSite Partners (“OnSite”), to funds advised by Basalt Infrastructure Partners LLC. AEP expects to net approximately $315 million in cash after taxes and transaction fees, subject to customary closing adjustments. The sale is expected to close in the third quarter of 2024, pending regulatory approvals.
April 30, 2024
April 30, 2024
AEP Reports First-Quarter 2024 Earnings, Reaffirms Guidance
- First-quarter 2024 GAAP earnings of $1.91 per share; operating earnings of $1.27 per share
- Company reaffirms 2024 operating earnings (non-GAAP) guidance of $5.53 to $5.73 per share and long-term growth rate of 6% to 7%
- Economic development focus helps drive 10.5% commercial load growth year over year in the first quarter
- First-quarter 2024 GAAP earnings of $1.91 per share; operating earnings of $1.27 per share
- Company reaffirms 2024 operating earnings (non-GAAP) guidance of $5.53 to $5.73 per share and long-term growth rate of 6% to 7%
- Economic development focus helps drive 10.5% commercial load growth year over year in the first quarter
April 29, 2024
April 29, 2024
AEP Schedules Live Webcast of Quarterly Earnings Call
American Electric Power has scheduled a quarterly earnings conference call with financial analysts at 9 a.m. ET Tuesday, April 30. The call will be broadcast live over the internet at http://www.aep.com/webcasts.
American Electric Power has scheduled a quarterly earnings conference call with financial analysts at 9 a.m. ET Tuesday, April 30. The call will be broadcast live over the internet at http://www.aep.com/webcasts.
April 23, 2024
April 23, 2024
AEP Declares Quarterly Dividend on Common Stock
The Board of Directors of American Electric Power Co. today declared a regular quarterly cash dividend of 88 cents a share on the company’s common stock.
The Board of Directors of American Electric Power Co. today declared a regular quarterly cash dividend of 88 cents a share on the company’s common stock.
February 26, 2024
February 26, 2024
AEP Reports 2023 Earnings Results
- Year-end 2023 GAAP earnings of $4.26 per share; operating earnings of $5.25 per share
- 2024 operating earnings (non-GAAP) guidance range reaffirmed at $5.53 to $5.73 per share with long-term growth rate of 6% to 7% and FFO/Debt target of 14% to 15%
- Company advances strategic initiatives including de-risking the business, controlling costs and investing in a modern and reliable grid to benefit customers
- Year-end 2023 GAAP earnings of $4.26 per share; operating earnings of $5.25 per share
- 2024 operating earnings (non-GAAP) guidance range reaffirmed at $5.53 to $5.73 per share with long-term growth rate of 6% to 7% and FFO/Debt target of 14% to 15%
- Company advances strategic initiatives including de-risking the business, controlling costs and investing in a modern and reliable grid to benefit customers
February 21, 2024
February 21, 2024
AEP Schedules Live Webcast of Quarterly Earnings Call
American Electric Power has scheduled a quarterly earnings conference call with financial analysts at 9 a.m. ET Tuesday, Feb. 27. The call will be broadcast live over the internet at http://www.aep.com/webcasts.
American Electric Power has scheduled a quarterly earnings conference call with financial analysts at 9 a.m. ET Tuesday, Feb. 27. The call will be broadcast live over the internet at http://www.aep.com/webcasts.
January 19, 2024
January 19, 2024
AEP Declares Quarterly Dividend on Common Stock
The Board of Directors of American Electric Power Co. today declared a regular quarterly cash dividend of 88 cents a share on the company’s common stock.
The Board of Directors of American Electric Power Co. today declared a regular quarterly cash dividend of 88 cents a share on the company’s common stock.
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