Highest-materiality recent filing
AEP enters forward sale agreements for 23.5M shares at $124.97/sh
Forward sale agreements with BofA, Goldman Sachs, Morgan Stanley for 20.47M shares; underwriters exercised option for additional 3.07M shares (total 23.54M).
AEP Q1 GAAP EPS $1.61 (up 7.3% YoY), operating EPS $1.64; raises five-year capex to $78B
Q1 GAAP net income $874M ($1.61 EPS) vs $800M ($1.50) YoY; operating earnings $891M ($1.64 EPS) vs $823M ($1.54).
Full-year GAAP EPS $6.70, operating EPS $5.97; Q4 GAAP EPS $1.09 vs $1.25 YoY, operating $1.19 vs $1.24.
AEP subsidiary commits $2.65B to acquire fuel cells; 20-year offtake with investment-grade customer
Unregulated subsidiary executed unconditional purchase agreement for solid oxide fuel cells costing ~$2.65B.
AEP enters $3.5B at-the-market equity distribution agreement, replaces $1.7B facility
New agreement allows sale of up to $3.5B of common stock through ATM offerings on Nasdaq or privately.
AEP Q3 GAAP EPS $1.82 vs $1.80 YoY; updates 5-yr growth target to 7-9% with $72B capex plan
Operating EPS $1.80, down from $1.85 YoY; GAAP EPS $1.82 vs $1.80; revenue up 11% to $6.0B.
AEP issues $2B in junior subordinated debentures at 5.800% and 6.050% due 2056
Series C: $1.1B at 5.800% Fixed-to-Fixed Reset Rate, due 2056.
AEP reports record Q2 operating EPS $1.43, guides to upper half of 2025 range
GAAP EPS $2.29 vs $0.64 YoY; operating EPS $1.43 vs $1.25 YoY.
AEP board chair resignation: Tucker steps down; CEO Fehrman named Chair effective Aug 1, 2025
Sara Martinez Tucker resigned as Board Chair for personal reasons, effective July 31, 2025.
AEP EVP and General Counsel David Feinberg to depart; named senior advisor through Aug 15, 2025
David Feinberg steps down as EVP & general counsel effective July 13, 2025.
AEP Q1 operating EPS $1.54 beats $1.27 YoY; reaffirms FY guidance $5.75-$5.95
Operating EPS $1.54 vs $1.27 YoY (+21%); GAAP EPS $1.50 vs $1.91 on mark-to-market and Ohio legislation.
AEP enters forward sale agreements for 22.5M shares at $99.756; over-allotment exercised
Forward sale agreements with Citibank and Barclays cover 22,549,020 shares (including over-allotment).
AEP Q4 GAAP EPS $1.25; FY24 operating EPS $5.62 (+7%); 2025 guidance reaffirmed $5.75-5.95
GAAP Q4 net income $664M ($1.25/sh) vs $336M ($0.64/sh) YoY; operating earnings $660M ($1.24/sh).
AEP Q3 operating EPS $1.85; narrows 2024 guidance; new 6-8% growth rate
Q3 operating EPS $1.85 (GAAP $1.80); operating revenue $5.4B vs $5.3B YoY.
Eliminates EVP Regulatory and Chief Administrative Officer role; Peggy Simmons separates from AEP effective Oct 31.
AEP Q2 operating EPS $1.25, reaffirms FY guidance; Fehrman to become CEO Aug 1
GAAP EPS $0.64 vs $1.01 a year ago; operating EPS $1.25 vs $1.13, up $0.12.
William J. Fehrman elected CEO and President effective Aug 1, 2024; previously CEO of Centuri Holdings and Berkshire Hathaway Energy.
SWEPCo to record $160M revenue refund provision after PUCT denies Turk Plant appeal
PUCT on May 2, 2024 denied SWEPCo's appeal, leading to a $160M one-time revenue refund provision in Q2 2024.
AEP Q1 2024 GAAP EPS $1.91, operating EPS $1.27; reaffirms 2024 guidance $5.53-$5.73
GAAP EPS $1.91 vs $0.77 YoY; operating EPS $1.27 vs $1.11; revenue $5.0B up from $4.7B.
AEP CEO Julie Sloat removed; Benjamin Fowke appointed interim CEO; guidance reaffirmed
Julie Sloat removed as Chair/CEO/President effective Feb 25, 2024; she remains through Apr 8 for transition.
GAAP EPS Q4 $0.64 (vs $0.75 YoY); FY23 GAAP EPS $4.26 (vs $4.51 YoY).
AEP appoints two new directors, expands board to 14; Icahn affiliate joins board
Hunter Gary (Icahn senior MD) and Hank Linginfelter appointed to AEP board effective Feb 12, 2024; board temporarily expands to 14 directors.
WVPSC disallows $232M in ENEC costs; AEP to take $222M Q4 impairment, reaffirms guidance
West Virginia PSC final order disallows ~$232M of ENEC regulatory asset balance for Appalachian Power and Wheeling Power.
PUCT disallowance forces SWEPCo to record $80-90M pretax impairment on Turk Plant
SWEPCo expects $80-90M pretax non-cash disallowance in Q4 2023 after PUCT preliminary order.
AEP establishes $1.7B at-the-market stock offering program with forward sale component
Up to $1.7B of common stock may be sold through multiple sales agents via ATM offerings.
AEP Q3 GAAP EPS $1.83, operating $1.77; FY23 guidance narrowed to $5.24-$5.34
Q3 GAAP net income $954M ($1.83/diluted share) vs $684M ($1.33) YoY; operating earnings $924M ($1.77).
AEP appoints Charles E. Zebula as CFO; reaffirms 2023 EPS guidance $5.19-$5.39
Zebula named EVP & CFO effective Sept 30, replacing Ann P. Kelly, who was terminated.
AEP Q2 GAAP EPS $1.01, op EPS $1.13; reaffirms FY guidance $5.19-$5.39
Q2 GAAP EPS $1.01 vs $1.02 YoY; operating EPS $1.13 vs $1.20; revenue $4.4B down from $4.6B.
AEP completes remarketing of $850M 1.30% debentures into 5.699% notes due 2025
Remarketed $850M of 1.30% Junior Subordinated Debentures due 2025 into $850M of 5.699% Junior Subordinated Notes due 2025.
AEP Q1 GAAP EPS $0.77 vs $1.41 YoY; operating EPS $1.11; reaffirms 2023 guidance $5.19-$5.39
First-quarter 2023 GAAP earnings of $0.77 per share, down 45% from $1.41 in Q1 2022; operating earnings $1.11 vs $1.22.
David Feinberg will cease serving as AEP’s executive vice president and general counsel, effective July 13, 2025.
On March 17, 2025, Therace M. Risch, Executive Vice President and Chief Information and Technology Officer of American Electric Power Company, Inc. ("Company"), notified the Company that she would resign from her position effective April 1, 2025.
On February 18, 2025, Donna A. James, a member of the Board of Directors ("Board") of American Electric Power Company, Inc. ("Company"), notified the Board that she would not stand for re-election to the Board at the Company's 2025 Annual Meeting of Shareholders.
On January 6, 2025, Trevor I. Mihalik was elected Executive Vice President and Chief Financial Officer of American Electric Power Company, Inc. (“AEP” or the “Company”) effective as of January 20, 2025.
Charles E. Zebula notified the Company that he will resign as Executive Vice President and Chief Financial Officer effective January 19, 2025 and (ii) the transition of Charles E. Zebula to the role of Senior Advisor to the Chief Executive Officer effective as of January 20, 2025 until his expected retirement from the Company in March 2025.
Effective October 31, 2024, Mr. Beam resigned as Executive Vice President – Energy Services of the Company and has been elected as Executive Vice President – Senior Advisor of the Service Corporation effective November 1, 2024.
The Board of Directors also elected Kelly J. Ferneau as Executive Vice President and Chief Nuclear Officer effective November 1, 2024.
On October 31, 2024, the Company announced that, effective October 31, 2024, the position of Executive Vice President - Regulatory and Chief Administrative Officer will be eliminated, resulting in Peggy I. Simmons separating from service with the Company.
On October 31, 2024, American Electric Power Company, Inc. (the “Company”) announced that Q. Shane Lies resigned as Executive Vice President and Chief Nuclear Officer of the company effective October 31, 2024 and has been elected by the Company’s Board of Directors as Executive Vice President – Projects and Services of the Company effective November 1, 2024.
On August 26, 2024, the Board of Directors of American Electric Power Company Inc. (“AEP” or “Company”) elected Peggy I. Simmons to serve as AEP’s Executive Vice President - Regulatory and Chief Administrative Officer effective as of September 1, 2024.
Also on June 24, 2024, Benjamin G. S. Fowke notified the Company that he will resign as Interim Chief Executive Officer and Interim President effective July 31, 2024. Effective August 1, 2024, Mr. Fowke was elected Senior Advisor by the Board for a transition period to be determined by the Board, and during that transition period he will continue to serve as an executive and employee of the Company.
Mr. Fehrman also was elected to serve as a director of the Company effective August 1, 2024.
Max materiality 0.85 · Median 0.62 · Most common event leadership