AEP Q1 2024 GAAP EPS $1.91, operating EPS $1.27; reaffirms 2024 guidance $5.53-$5.73

AMERICAN ELECTRIC POWER CO INC

2024-Q1 EPS reported $1.90 revenue$5,025,700,000

GAAP EPS $1.91 vs $0.77 YoY; operating EPS $1.27 vs $1.11; revenue $5.0B up from $4.7B.
Reaffirms 2024 operating earnings guidance $5.53-$5.73 per share; long-term growth rate 6%-7%.
Commercial load grew 10.5% YoY driven by data centers in IN, OH, TX.
Announces voluntary workforce reduction to manage costs; sale of New Mexico solar closed Feb 2024.
Expects to conclude sale of AEP Energy retail and distributed resources businesses by Q2 2024 earnings call.

item 2.02 item 9.01

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 updated its 2024 guidance (reaffirmed).

Period: 2024
Guidance: reaffirmed
Result: guidance update

Exact text from the filing

AEP management reaffirms its 2024 operating earnings guidance range to $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 First Quarter ended March 31, 2024 results: revenue $5.0 billion, net income $1,003.1 million, EPS $1.91 per share. Guidance reaffirmed.

Period: First Quarter ended March 31, 2024
Revenue: $5.0 billion
Net income: $1,003.1 million
EPS: $1.91 per share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

AMERICAN ELECTRIC POWER Preliminary, unaudited results First Quarter ended March 31, 2024 2023 Variance Revenue ($ in billions): 5.0 4.7 0.3 Earnings ($ in millions): GAAP 1,003.1 397.0 606.1 Operating (non-GAAP) 670.4 571.6 98.8 EPS ($): GAAP 1.91 0.77 1.14 Operating (non-GAAP) 1.27 1.11 0.16 EPS based on 527 million shares 1Q 2024, 514 million shares 1Q 2023.

View on SEC.gov

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

AMERICAN ELECTRIC POWER CO INC filing history →

Source: SEC EDGAR

accession 0000004904-24-000045

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.