American Electric Power(AEP) - 2023 Q4 - Annual Results

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 2023 Earnings Results • Year-end 2023 GAAP earnings of $4.26 per share; operating earnings of $5.25 per share • 2024 operating earnings (non-GAAP) guidance range reaffirmed at $5.53 to $5.73 per share with long- term growth rate of 6% to 7% and FFO/Debt target of 14% to 15% • Company adva ...