earnings
confidence high
sentiment positive
materiality 0.75
AEP Q4 GAAP EPS $1.25; FY24 operating EPS $5.62 (+7%); 2025 guidance reaffirmed $5.75-5.95
AMERICAN ELECTRIC POWER CO INC
2024-FY EPS reported
$5.58
revenue$19,721,300,000
- GAAP Q4 net income $664M ($1.25/sh) vs $336M ($0.64/sh) YoY; operating earnings $660M ($1.24/sh).
- Full-year 2024 GAAP EPS $5.60, operating EPS $5.62 (+7% vs $5.25); revenue $19.7B (+4%).
- 2025 operating EPS guidance reaffirmed $5.75-5.95; long-term EPS growth target 6-8%; FFO/debt 14-15%.
- Commercial load grew 10.6% in 2024; $54B five-year capital plan; evaluating $10B incremental investment.
- $2.82B minority equity interest in transmission cos (Ohio/Indiana Michigan) expected close H2 2025 at ~$170/sh premium.