News Releases
November 10, 2023
November 10, 2023
AEP Streamlining Business and Focusing on Regulated Operations to Benefit Customers, Reaffirms Long-term Growth Rate of 6 to 7 Percent
- 2024 operating earnings guidance range of $5.53 to $5.73 per share announced
- Five-year, $43 billion capital plan emphasizes investments in wires and renewables to support needs of customers
- Economic development strategy bolsters strong load projections over the next three years
- 2024 operating earnings guidance range of $5.53 to $5.73 per share announced
- Five-year, $43 billion capital plan emphasizes investments in wires and renewables to support needs of customers
- Economic development strategy bolsters strong load projections over the next three years
November 2, 2023
November 2, 2023
AEP Reports Third-Quarter 2023 Earnings, Narrows Guidance While Maintaining Midpoint
- Third-quarter 2023 GAAP earnings of $1.83 per share; operating earnings of $1.77 per share
- 2023 operating earnings (non-GAAP) guidance range narrowed to $5.24 to $5.34 per share, midpoint maintained at $5.29
- Long-term growth rate of 6% to 7% and FFO/Debt target of 14% to 15% reaffirmed
- Third-quarter 2023 GAAP earnings of $1.83 per share; operating earnings of $1.77 per share
- 2023 operating earnings (non-GAAP) guidance range narrowed to $5.24 to $5.34 per share, midpoint maintained at $5.29
- Long-term growth rate of 6% to 7% and FFO/Debt target of 14% to 15% reaffirmed
October 30, 2023
October 30, 2023
AEP Schedules Live Webcast of Quarterly Earnings Call
American Electric Power has scheduled a quarterly earnings conference call with financial analysts at 9 a.m. ET Thursday, Nov. 2. The call will be broadcast live over the internet at http://www.aep.com/webcasts.
American Electric Power has scheduled a quarterly earnings conference call with financial analysts at 9 a.m. ET Thursday, Nov. 2. The call will be broadcast live over the internet at http://www.aep.com/webcasts.
October 2, 2023
October 2, 2023
AEP Appoints Charles E. Zebula Chief Financial Officer
Company reaffirms 2023 operating earnings guidance range of $5.19 to $5.39 per share, long-term growth rate of 6% to 7% and FFO/Debt target of 14% to 15%
Company reaffirms 2023 operating earnings guidance range of $5.19 to $5.39 per share, long-term growth rate of 6% to 7% and FFO/Debt target of 14% to 15%
July 31, 2023
July 31, 2023
AEP to Redeem Senior Notes
American Electric Power Company, Inc. announced that on Aug. 30, 2023, it will redeem the entire outstanding $600 million principal amount of its Floating Rate Notes, Series A, due 2023 (CUSIP NO. 025537 AS0). The notes will be redeemed at 100 percent of the principal amount outstanding (at par value of $100 per Senior Note), plus interest through the date of redemption.
American Electric Power Company, Inc. announced that on Aug. 30, 2023, it will redeem the entire outstanding $600 million principal amount of its Floating Rate Notes, Series A, due 2023 (CUSIP NO. 025537 AS0). The notes will be redeemed at 100 percent of the principal amount outstanding (at par value of $100 per Senior Note), plus interest through the date of redemption.
July 27, 2023
July 27, 2023
AEP Reports Second-Quarter 2023 Earnings; Reaffirms 2023 Guidance
- Second-quarter 2023 GAAP earnings of $1.01 per share; operating earnings of $1.13 per share
- 2023 operating earnings (non-GAAP) guidance range reaffirmed at $5.19 to $5.39 per share with long-term growth rate of 6% to 7% and FFO/Debt target of 14% to 15%
- Sale process announced for two non-core transmission joint ventures; unregulated renewables sale expected to close in August; sale of retail and distributed resources businesses on track
- Second-quarter 2023 GAAP earnings of $1.01 per share; operating earnings of $1.13 per share
- 2023 operating earnings (non-GAAP) guidance range reaffirmed at $5.19 to $5.39 per share with long-term growth rate of 6% to 7% and FFO/Debt target of 14% to 15%
- Sale process announced for two non-core transmission joint ventures; unregulated renewables sale expected to close in August; sale of retail and distributed resources businesses on track
July 18, 2023
July 18, 2023
AEP Declares Quarterly Dividend on Common Stock
The Board of Directors of American Electric Power Co. today declared a regular quarterly cash dividend of 83 cents a share on the company’s common stock.
The Board of Directors of American Electric Power Co. today declared a regular quarterly cash dividend of 83 cents a share on the company’s common stock.
May 31, 2023
May 31, 2023
AEP Announces Remarketing of $850 Million in Aggregate Principal Amount of Debt Underlying its Equity Units
American Electric Power announced today that it has successfully remarketed its 1.30% Junior Subordinated Debentures due 2025 (the “Original Debentures”), which were originally issued Aug. 14, 2020, as a component of AEP’s Equity Units.
American Electric Power announced today that it has successfully remarketed its 1.30% Junior Subordinated Debentures due 2025 (the “Original Debentures”), which were originally issued Aug. 14, 2020, as a component of AEP’s Equity Units.
May 4, 2023
May 4, 2023
AEP Reports First-Quarter Earnings, Reaffirms 2023 Guidance
- First-quarter 2023 GAAP earnings of $0.77 per share; operating earnings of $1.11 per share
- 2023 operating earnings (non-GAAP) guidance range reaffirmed at $5.19 to $5.39 per share with long-term growth rate of 6% to 7% and FFO/Debt target of 14% to 15%
- AEP launches sale process for retail and distributed resources businesses, announces strategic review of certain non-core transmission joint ventures, remains on track to close on unregulated renewable asset sale
- First-quarter 2023 GAAP earnings of $0.77 per share; operating earnings of $1.11 per share
- 2023 operating earnings (non-GAAP) guidance range reaffirmed at $5.19 to $5.39 per share with long-term growth rate of 6% to 7% and FFO/Debt target of 14% to 15%
- AEP launches sale process for retail and distributed resources businesses, announces strategic review of certain non-core transmission joint ventures, remains on track to close on unregulated renewable asset sale
May 1, 2023
May 1, 2023
AEP Schedules Live Webcast of Quarterly Earnings Call
American Electric Power has scheduled a quarterly earnings conference call with financial analysts at 9 a.m. ET Thursday, May 4. The call will be broadcast live over the internet at http://www.aep.com/webcasts.
American Electric Power has scheduled a quarterly earnings conference call with financial analysts at 9 a.m. ET Thursday, May 4. The call will be broadcast live over the internet at http://www.aep.com/webcasts.
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