AEP Reports Strong First-Quarter 2021 Earnings

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Go back to AEP Reports Strong First-Quarter 2021 Earnings

American Electric Power (AEP) Misses Q1 EPS by 1c, Revenues Beat; Reaffirms FY21 EPS Guidance

April 22, 2021 7:02 AM EDT

American Electric Power (NASDAQ: AEP) reported Q1 EPS of $1.15, $0.01 worse than the analyst estimate of $1.16. Revenue for the quarter came in at $4.3 billion versus the consensus estimate of $4.14 billion.

"Our solid earnings for the quarter reflect the continued investments we are making to enhance service for our customers and modernize the grid as we accelerate our transition to a clean energy future," said Nicholas K. Akins, AEP chairman, president and chief executive officer.

"We are making significant progress in diversifying our generation fleet with investments in renewable energy resources. Last week,... More