---
schema_version: "secwatch.filing_event.v1"
accession: "0000004904-24-000045"
form_type: "8-K"
ticker: "AEP"
cik: "0000004904"
company_name: "AMERICAN ELECTRIC POWER CO INC"
filed_at: "2024-04-30T23:59:59+00:00"
generated_at: "2026-06-03T04:57:34.287155+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000004904-24-000045
- form_type: 8-K
- ticker: AEP
- cik: 0000004904
- company_name: AMERICAN ELECTRIC POWER CO INC
- filed_at: 2024-04-30T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/4904/000000490424000045/0000004904-24-000045-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/4904/000000490424000045/aep-20240430.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000004904-24-000045
- JSON: https://secwatch.observer/filing/0000004904-24-000045.json
- Plain text: https://secwatch.observer/filing/0000004904-24-000045.txt

## Key facts
- Earnings Releases
  AMERICAN ELECTRIC POWER CO INC updated its 2024 guidance (reaffirmed).
  - Period: 2024
  - Guidance: reaffirmed
  - Result: guidance update
  source text: AEP management reaffirms its 2024 operating earnings guidance range to $5.53 to $5.73 per share.
  evidence_url: https://www.sec.gov/Archives/edgar/data/4904/000000490424000045/0000004904-24-000045-index.htm
- Earnings Releases
  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: $1.91 per share
  - Guidance: reaffirmed
  - Result: reported results
  source text: AMERICAN ELECTRIC POWER Preliminary, unaudited results First Quarter ended March 31, 2024 2023 Variance Revenue ($ 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/4904/000000490424000045/0000004904-24-000045-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.