8-K
filed February 26, 2024, 6:59 PM ET
ticker AEP
CIK 0000004904
earnings
confidence high
sentiment neutral
materiality 0.80
AEP Q4 GAAP EPS $0.64 vs $0.75 YoY; FY23 operating EPS $5.25; reaffirms FY24 guidance $5.53-5.73; interim CEO appointed
AMERICAN ELECTRIC POWER CO INC
2023-FY EPS reported
$4.24
revenue$18,982,300,000
- GAAP EPS Q4 $0.64 (vs $0.75 YoY); FY23 GAAP EPS $4.26 (vs $4.51 YoY).
- Operating EPS Q4 $1.23 (vs $1.05 YoY); FY23 $5.25 (vs $5.09 YoY).
- Revenue Q4 $4.6B, FY23 $19.0B, both down ~2-3% YoY.
- Reaffirmed FY24 operating EPS guidance $5.53-$5.73; long-term growth 6-7%.
- Interim CEO Benjamin Fowke appointed; selling 50% stake in NM Renewable to Exus for $115M.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
AMERICAN ELECTRIC POWER CO INC reported FY 2024 results: EPS $5.53 to $5.73 per share. Guidance reaffirmed.
- Period
- FY 2024
- EPS
- $5.53 to $5.73 per share
- Guidance
- reaffirmed
- Result
- guidance update
Exact text from the filing
AEP management reaffirms its 2024 operating earnings guidance range of $5.53 to $5.73 per share.
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
AMERICAN ELECTRIC POWER CO INC reported FY 2023 results: revenue $19.0 billion, net income $2,208.1 million, EPS $4.26.
- Period
- FY 2023
- Revenue
- $19.0 billion
- Net income
- $2,208.1 million
- EPS
- $4.26
- Result
- preliminary results
Exact text from the filing
Fourth Quarter ended December 31 Year-to-date ended December 31 2023 2022 Variance 2023 2022 Variance Revenue ($ in billions): 4.6 4.9 (0.3) 19.0 19.6 (0.6) Earnings ($ in millions): GAAP 336.2 384.3 (48.1) 2,208.1 2,307.2 (99.1) Operating (non-GAAP) 646.9 540.1 106.8 2,724.5 2,605.2 119.3 EPS ($): GAAP 0.64 0.75 (0.11) 4.26 4.51 (0.25) Operating (non-GAAP) 1.23 1.05 0.18 5.25 5.09 0.16
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
AMERICAN ELECTRIC POWER CO INC reported Q4 2023 results: revenue $4.6 billion, net income $336.2 million, EPS $0.64.
- Period
- Q4 2023
- Revenue
- $4.6 billion
- Net income
- $336.2 million
- EPS
- $0.64
- Result
- preliminary results
Exact text from the filing
Fourth Quarter ended December 31 Year-to-date ended December 31 2023 2022 Variance 2023 2022 Variance Revenue ($ in billions): 4.6 4.9 (0.3) 19.0 19.6 (0.6) Earnings ($ in millions): GAAP 336.2 384.3 (48.1) 2,208.1 2,307.2 (99.1) Operating (non-GAAP) 646.9 540.1 106.8 2,724.5 2,605.2 119.3 EPS ($): GAAP 0.64 0.75 (0.11) 4.26 4.51 (0.25) Operating (non-GAAP) 1.23 1.05 0.18 5.25 5.09 0.16
View on SEC.gov
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