Justin Paget/DigitalVision via Getty Images American Electric Power Company, Inc.(NASDAQ:AEP), an electric public utility holding company, engages in the generation, transmission, and distribution of electricity for sale to retail and wholesale customers in the United States. It is one of the largest electric utility companies in the country, with more than five million customers in 11 states. We have started coverage of the company in June 2023 with a hold rating because the fair value range that we ha ...

chonessIntroduction Earlier this year, I sold the only utility stock in my dividend growth portfolio, Duke Energy (DUK). I didn't do it because I disliked the company but because of my view on interest rates and inflation. I'm in the camp that believes in prolonged elevated inflation and interest rates - at least compared to the favorable risk environment between the Great Financial Crisis and 2021. During this period, inflation was subdued, supported by secular tailwinds, including cheap energy prices, ...

American Electric Power Company, Inc. (NASDAQ:AEP) Q1 2024 Earnings Conference Call April 30, 2024 9:00 AM ET Company Participants Darcy Reese - VP, IR Ben Fowke - Interim President, Interim CEO & Director Peggy Simmons - EVP, Utilities Charles Zebula - EVP & CFO Conference Call Participants Jeremy Tonet - JPMorgan Chase & Co. Steven Fleishman - Wolfe Research Jamieson Ward - Guggenheim Securities Durgesh Chopra - Evercore ISI Andrew Weisel - Scotiabank Carly Davenport - Goldman Sachs Group Nicholas Campane ...

American Electric Power Company, Inc. (AEP) reported first-quarter 2024 adjusted earnings per share (EPS) of $1.27, which missed the Zacks Consensus Estimate of $1.30 by 2.3%. However, the bottom line improved 14.4% from $1.11 recorded in the year-ago quarter.The company reported GAAP earnings of $1.91 per share compared with the year-ago quarter’s figure of 77 cents.Total RevenuesAmerican Electric’s first-quarter operating revenues of $5.03 billion lagged the Zacks Consensus Estimate of $5.29 billion by 5. ...

American Electric Power (AEP) reported $5 billion in revenue for the quarter ended March 2024, representing a year-over-year increase of 6.4%. EPS of $1.27 for the same period compares to $1.11 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $5.28 billion, representing a surprise of -5.39%. The company delivered an EPS surprise of -2.31%, with the consensus EPS estimate being $1.30.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- ...

American Electric Power (AEP) came out with quarterly earnings of $1.27 per share, missing the Zacks Consensus Estimate of $1.30 per share. This compares to earnings of $1.11 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -2.31%. A quarter ago, it was expected that this utility would post earnings of $1.27 per share when it actually produced earnings of $1.23, delivering a surprise of -3.15%.Over the last four quarters, the c ...

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 March 31, 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 MEDIA CONTACT: ANALYSTS CONTACT: Tammy Ridout Darcy Reese Managing Director, External Communications Vice President, Investor Relations 614/716-2347 614/716-2614 FOR IMMEDIATE RELEASE AEP Reports First-Quarter 2024 Earnings, Reaffirms Guidance • First-quarter 2024 GAAP earnings of $1.91 per share; operating earnings of $1.27 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% • Economic develop ...

American Electric Power Company, Inc (AEP) is slated to release first-quarter 2024 results on Apr 30, before the opening bell.In the last reported quarter, the company delivered a negative earnings surprise of 3.15%. American Electric has a trailing four-quarter average negative earnings surprise of 1.09%.Factors to NoteAEP’s service territories observed mixed weather conditions in the first quarter. While cool temperature was experienced in the company’s service areas at the onset of the January-March quar ...

Wall Street analysts forecast that American Electric Power (AEP) will report quarterly earnings of $1.33 per share in its upcoming release, pointing to a year-over-year increase of 19.8%. It is anticipated that revenues will amount to $5.21 billion, exhibiting an increase of 10.8% compared to the year-ago quarter.Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted upward by 1.2% to its current level. This demonstrates the covering analysts' collective reassessment of their in ...