AEP Q2 GAAP EPS $1.01, op EPS $1.13; reaffirms FY guidance $5.19-$5.39

AMERICAN ELECTRIC POWER CO INC

2023-Q2 EPS reported $1.78 revenue$9,063,400,000

Q2 GAAP EPS $1.01 vs $1.02 YoY; operating EPS $1.13 vs $1.20; revenue $4.4B down from $4.6B.
Reaffirmed 2023 operating EPS guidance $5.19-$5.39; long-term growth 6-7%; FFO/Debt target 14-15%.
Announced sale of interests in non-core transmission JVs Prairie Wind and Pioneer; unregulated renewables sale to IRG expected to close in August.
Commercial load rose ~8% YoY while residential/industrial slowed due to inflation and rate hikes.
Regulatory approvals for ~2,000 MW new wind/solar in OK, AR, LA; $5.2B of $8.6B renewable plan approved.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

AMERICAN ELECTRIC POWER CO INC updated its 2023 guidance (reaffirmed).

Period: 2023
Guidance: reaffirmed
Result: guidance update

Exact text from the filing

AEP management reaffirmed its 2023 operating earnings guidance range of $5.19 to $5.39 per share.

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44 earnings releases filed in the last 30 days. Browse all earnings releases →

AMERICAN ELECTRIC POWER CO INC filing history →

Source: SEC EDGAR

accession 0000004904-23-000103

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