American Electric Power — May 6, 2025 release

AEP management is not able to forecast if any of these items will occur or any amounts that may be reported for future periods. Therefore, AEP is not able to provide a corresponding GAAP equivalent for 2025 earnings guidance. Reflecting certain items recorded through the first quarter, the estimated earnings per share on a GAAP basis would be $5.71 to $5.91 per share. See the table below for a full reconciliation of 2025 earnings guidance. 4 2025 EPS Guidance Reconciliation Estimated EPS on a GAAP basis $5.71 to $5.91 Mark-to-market impact of commodity hedging activities (0.03) Sale of AEP OnSite Partners 0.02     Impact of Ohio Legislation 0.05 Operating EPS Guidance $5.75 to $5.95 WEBCAST AEP’s quarterly discussion with financial analysts and investors will be broadcast live over the internet at 9 a.m. Eastern today at http://www.aep.com/webcasts. The webcast will include audio of the discussion and visuals of charts and graphics referred to by AEP management. The charts and graphics will be available for download at http://www.aep.com/webcasts. AEP’s earnings are prepared in accordance with accounting principles generally accepted in the United States and represent the company’s earnings as reported to the Securities and Exchange Commission. The company’s operating earnings, a non-GAAP measure representing GAAP earnings excluding certain items as described in the news release and charts, provide another representation for investors to evaluate the performance of the company’s ongoing business activities. AEP uses operating earnings as the p