American Electric Power (AEP) Misses Q2 EPS by 3c, Misses on Revenue; Offers FY EPS Guidance

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Go back to American Electric Power (AEP) Misses Q2 EPS by 3c, Misses on Revenue; Offers FY EPS Guidance

AEP REPORTS SECOND-QUARTER 2023 EARNINGS; REAFFIRMS 2023 GUIDANCE

July 27, 2023 6:57 AM EDT

Second-quarter 2023 GAAP earnings of $1.01 per share; operating earnings of $1.13 per share2023 operating earnings (non-GAAP) guidance range reaffirmed at $5.19 to $5.39 per share with long-term growth rate of 6% to 7% and FFO/Debt target of 14% to 15%Sale process announced for two non-core transmission joint ventures; unregulated renewables sale expected to close in August; sale of retail and distributed resources businesses on track

COLUMBUS, Ohio, July 27, 2023 /PRNewswire/... More