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 September 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 ____ | --- | --- | --- | --- | |--------------------------|---------------------------------------------|-------------------------|-------------------------- ...

Exhibit 99.1 News from AEP | --- | |------------------------------------| | | | ANALYSTS CONTACT: | | Darcy Reese | | Vice President, Investor Relations | | 614/716-2614 | MEDIA CONTACT: Tammy Ridout Managing Director, External Communications 614/716-2347 FOR IMMEDIATE RELEASE AEP Reports Third-Quarter 2024 Earnings, Introduces New Growth Rate and Capital Plan • Third-quarter 2024 GAAP earnings of $1.80 per share; operating earnings of $1.85 per share • Narrows 2024 operating earnings (non-GAAP) guidance to ...

Third-quarter 2024 GAAP earnings of $1.80 per share; operating earnings of $1.85 per share Narrows 2024 operating earnings (non-GAAP) guidance to $5.58 to $5.68 per share, maintaining $5.63 midpoint Announces new long-term growth rate of 6% to 8% based off of 2025 operating earnings guidance of $5.75 to $5.95 per share Expands five-year capital plan to $54 billion to support reliability and demand growth AMERICAN ELECTRIC POWER Preliminary, unaudited results Third Quarter ended September 30 ...

American Electric Power Company, Inc. AEP will release earnings results for its third quarter, before the opening bell on Wednesday, Nov. 6.Analysts expect the Columbus, Ohio-based company to report quarterly earnings at $1.8 per share, up from $1.77 per share in the year-ago period. American Electric Power projects to report revenue of $5.43 billion for the quarter, compared to $5.37 billion a year earlier, according to data from Benzinga Pro.On Oct. 24, American Electric Power named Matthew Fransen senior ...

American Electric Power Company, Inc (AEP) is slated to release third-quarter 2024 results on Nov. 6 before the market opens.See the Zacks Earnings Calendar to stay ahead of market-making news.In the last reported quarter, the company delivered an earnings surprise of 1.63%. However, American Electric has a trailing four-quarter average negative earnings surprise of 0.38%.Factors to Note Ahead of AEP’s Q3 Earnings Most of the AEP’s service territories observed warmer-than-normal weather conditions in the th ...

In its upcoming report, American Electric Power (AEP) is predicted by Wall Street analysts to post quarterly earnings of $1.78 per share, reflecting an increase of 0.6% compared to the same period last year. Revenues are forecasted to be $5.39 billion, representing a year-over-year increase of 1.8%.The consensus EPS estimate for the quarter has been revised 1.6% higher over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial es ...

Let me be the first to wish you all a Happy and spooky Halloween. What isn't spooky, though, is the dividend increase this week. In fact, treat yourself to some sweets with several of these increases. This week's companies have an averageDerek is an individual investor seeking to navigate the investment world to provide a wealthy and stable retirement for his family. He aims to help fellow investors, notably younger investors, establish a plan to produce a growing income stream. Derek holds a Bachelor's deg ...

Leadership and Organizational Changes - The company is initiating a search for a newly created president role to lead the AEP Transmission business, which is a key growth area as the company invests in enhancing reliability and meeting customer needs [1][2] - The executive vice president of Regulatory and chief administrative officer role is being eliminated, resulting in the departure of Peggy Simmons [2] - Chris Beam, executive vice president of Energy Services, plans to retire in February 2025 and will serve as executive vice president and senior advisor until then [2] - Shane Lies, executive vice president and chief nuclear officer, will transition to a new role as executive vice president of Projects and Services, overseeing various functions including generation shared services and strategic supplier management [2] - Kelly Ferneau, site vice president at AEP's Donald C Cook Nuclear Plant, has been promoted to executive vice president and chief nuclear officer, succeeding Shane Lies [2] - Scott Dailey, managing director of renewable generation, will succeed Kelly Ferneau as site vice president at the Cook Nuclear Plant [2] - Power plant managers will now report to the operating company presidents, and the economic development function will transition to the operating companies [2] - Corporate regulatory services and procurement will be aligned under the chief financial officer [2] Strategic Goals and Investments - The company is investing $43 billion over the next five years to make the electric grid cleaner and more reliable [3] - AEP is on track to achieve an 80% reduction in carbon dioxide emissions from 2005 levels by 2030 and aims to reach net zero by 2045 [3] Company Overview - AEP operates and maintains more than 40,000 miles of transmission lines, the nation's largest electric transmission system, and over 225,000 miles of distribution lines, delivering power to 5.6 million customers in 11 states [3] - The company has approximately 29,000 megawatts of diverse generating capacity, including nearly 6,000 megawatts of renewable energy [3] - AEP's family of companies includes utilities such as AEP Ohio, AEP Texas, Appalachian Power, and others, as well as AEP Energy, which provides competitive energy solutions nationwide [3]

American Electric Power Company, Inc. (AEP) is deploying systematic investments in infrastructural upgrades to enhance the reliability of its operations and serve its utility customers efficiently. The company is also making consistent investments to boost its renewable generation portfolio.However, this Zacks Rank #2 (Buy) company faces risks related to a weak solvency position.AEP’s Tailwinds American Electric has a capital investment plan of $43 billion for the 2024-2028 period in its core regulated oper ...

September proved to be impressive for Wall Street despite being historically the worst month for stocks. The month saw the Dow and the S&P 500 hit new record closing highs. However, volatility has returned to Wall Street in October as fresh concerns over the economy’s health have dented investors’ sentiment.Given the ongoing volatility, it would be ideal to invest in defensive stocks like utilities and consumer staples like American Electric Power Company, Inc. (AEP) , American Water Works Company, Inc. (AW ...