UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For The Quarterly Period Ended June 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For The Transition Period from ____ to ____ | --- | --- | --- | --- | |----------------------------|-----------------------------------------------|-------------------------|--------------------------- ...

FOR IMMEDIATE RELEASE AEP Reports Second-Quarter 2024 Earnings, Reaffirms Guidance | | AMERICAN ELECTRIC POWER | | | | | | | --- | --- | --- | --- | --- | --- | --- | | | Preliminary, unaudited | | results | | | | | | Second Quarter ended June 30, | | | | Year-to-date ended June 30, | | | | 2024 | 2023 | Variance | 2024 | 2023 | Variance | | Revenue ($ in billions): | 4.6 | 4.4 | 0.2 | 9.6 | 9.1 | 0.5 | | Earnings ($ in millions): | | | | | | | | GAAP | 340.3 | 521.2 | (180.9) | 1,343.4 | 918.2 | 425.2 | | ...

Second-quarter 2024 GAAP earnings of $0.64 per share; operating earnings of $1.25 per share Company reaffirms 2024 operating earnings (non-GAAP) guidance of $5.53 to $5.73 per share and long-term growth rate of 6% to 7% Strong data processing load in the commercial customer class positions AEP for further growth, supported by industry-leading transmission system AMERICAN ELECTRIC POWERPreliminary, unaudited results Second Quarter ended June 30 Year-to-date ended June 30 2024 2023 Varia ...

Analysts on Wall Street project that American Electric Power (AEP) will announce quarterly earnings of $1.23 per share in its forthcoming report, representing an increase of 8.9% year over year. Revenues are projected to reach $4.54 billion, increasing 3.8% from the same quarter last year.The consensus EPS estimate for the quarter has undergone an upward revision of 3% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial ...

American Electric Power (AEP) could be a solid choice for investors given its recent upgrade to a Zacks Rank #2 (Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.The power of a ch ...

American Electric Power Company, Inc (AEP) is slated to release second-quarter 2024 results on Jul 30 before market open.In the last reported quarter, the company delivered a negative earnings surprise of 2.31%. American Electric has a trailing four-quarter average negative earnings surprise of 1.01%.Factors to NoteMost of the AEP’s service territories observed warmer-than-normal weather conditions in the second quarter. This must have increased the electricity demand for cooling purposes from the company’s ...

American Electric Power (AEP) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The earnings report, which is expected to be released on July 30, 2024, might help the stock move higher if these key numbers are better ...

Young russian adult failing to settle an domestic argument indoorsgettyBe honest. I won’t be mad, but just admit it.You’ve got some SPY Principal Shareholder Yield Index ETF SPDR S&P 500 ETF Trust in your portfolio. So much in fact you’re probably trying to quickly change the subject from the SPDR S&P 500 ETF Trust (SPY).I’m not mad. (I’m just disappointed—ha!) We refer to SPY as “America’s ticker for a reason.” It is everywhere.And it’s OK. Really it is. Holding SPY has worked out this year. But we’re now ...

Millions of Americans recently suffered through, or are continuing to suffer from a deadly heat wave. Cynically, this framework is a positive for utility stocks. I don’t know about you but when the sun started to bake my neck of the woods, I had to run the air conditioner all night to be able to sleep.I’m sure I’m not unique in this matter – not even close. What’s more, we could suffer the same heat or worse over the next several years. According to The Washington Post, Americans and other global citizens j ...

Investors in American Electric Power Company, Inc. (AEP) need to pay close attention to the stock based on moves in the options market lately. That is because the Jul 19, 2024 $45.00 Put had some of the highest implied volatility of all equity options today.What is Implied Volatility?Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the o ...