secwatch.observer — SEC 8-K summary
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Issuer:     AMERICAN ELECTRIC POWER CO INC (AEP)
CIK:        0000004904
Form:       8-K
Filed at:   2024-02-26T23:59:59+00:00
Accession:  0000004904-24-000019
Event type: earnings
Sentiment:  neutral
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/4904/000000490424000019/0000004904-24-000019-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/4904/000000490424000019/aep-20240226.htm
  HTML page:      https://secwatch.observer/filing/0000004904-24-000019

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer