HighGravityDataAmerican Electric Power — Nov 6, 2024 release
Fiscal 2024 third-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0000004904-24-000099
Showing in the filing
Long-term growth rate
“6% to 8%”
Period
The long term
Measure
Company-defined measure
Source
Prose
All guidance in this release · 16
Operating earnings (non-GAAP) midpoint for FY2024
“$5.63”
Long-term growth rate for the long term
“6% to 8%”
Operating earnings for FY2025
“$5.75 to $5.95 per share”
Capital investment for FY2025
“$54 billion”
Capital investment plan for the long term
“$54 billion”
Five-year capital plan for the long term
“$54 billion”
Commercial load growth
“grow an average of 20% annually”
Commercial and industrial load additions (fi…
“20 gigawatts”
Operating earnings (non-GAAP) for FY2024
“$5.58 to $5.68 per share”
Estimated earnings per share on a GAAP basis for FY2024
“$5.55 to $5.65 per share”
Remeasurement of Excess ADIT Regulatory Liab… for FY2024
“(0.09)”
Provision for Refund - Turk Plant for FY2024
“0.24”
Severance Charges for FY2024
“0.18”
Federal EPA Coal Combustion Residuals Rule for FY2024
“0.21”
SEC Matter Loss Contingency for FY2024
“0.04”
Operating EPS for FY2024
“$5.58 to $5.68”
Exhibit 99.1 · the passage around this item
… earlier in the release
P 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 $54 billion to support reliability and demand growth AMERICAN ELECTRIC POWER Preliminary, unaudited results Third Quarter ended September 30, Year-to-date ended September 30, 2024 2023 Change 2024 2023 Change Revenue ($ in billions): 5.4 5.3 0.1 15.0 14.4 0.6 Earnings ($ in millions): GAAP 959.6 953.7 5.9 2,303.0 1,871.9 431.1 Operating (non-GAAP) 985.4 923.8 61.6 2,317.8 2,077.6 240.2 EPS ($): GAAP 1.80 1.83 (0.03) 4.35 3.62 0.73 Operating (non-GAAP) 1.85 1.77 0.08 4.38 4.02 0.36 EPS based on 532 million shares 3Q 2024, 520 million shares 3Q 2023, 529 million shares YTD 2024 and 517 million shares YTD 2023. COLUMBUS, Ohio, November 6, 2024 - American Electric Power (Nasdaq: AEP) today reported third-quarter 2024 earnings, prepared in accordance with Generally Accepted Accounting Principles (GAAP), of $960 million or $1.80 per share, compared with GAAP earnings of $954 million or $1.83 per share in third-quarter 2023. Operating earnings for third-quarter 2024 were $985 million or $1.85 per share, compared with operating earnings of $924 million
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.