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American Electric Power (AEP)
NASDAQ:AEP
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Earnings Data
Report Date
Feb 20, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$1.25Last Year’s EPS
$1.23Same Quarter Last Year
Based on 12 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 06, 2024
|% Change Since: -6.72%
|Next Earnings Date:Feb 20, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted strong financial results, significant load growth, and an increased capital plan, indicating a positive outlook. However, challenges in certain segments and regulatory issues slightly offset the positive developments.Company Guidance
During the American Electric Power (AEP) third-quarter earnings call for 2024, the company provided detailed guidance on its financial outlook. AEP reported third-quarter operating earnings of $1.85 per share, totaling $985 million, and narrowed its full-year 2024 operating earnings guidance range to $5.58 to $5.68 per share. Looking ahead, AEP introduced its 2025 operating earnings guidance range of $5.75 to $5.95, based on robust growth in regulated utilities and anticipated lower contributions from its Generation & Marketing segment. The company also unveiled a long-term earnings growth rate of 6% to 8% from a 2025 base year with a $5.85 midpoint, supported by a $54 billion capital plan for 2025-2029. AEP expects its customer rates to increase by less than 3% annually during this period, and plans to maintain a strong balance sheet with a target FFO to debt range of 14% to 15%.Strong Operating Earnings Growth
Reported third quarter 2024 operating earnings of $1.85 per share, up from $1.77 in 2023. Year-to-date operating earnings increased by about 9% compared to the previous year.
Significant Load Growth
Commercial load growth of 7.9% compared to Q3 of last year, with a year-to-date growth of 10.1%. Large load additions supported by customer financial commitments, primarily from data centers and industrial sales growth.
Increased Capital Investment Plan
Unveiled a new long-term earnings growth rate of 6% to 8%, supported by a $54 billion capital plan from 2025 through 2029, up more than 25% from the previous plan.
Positive Regulatory Developments
Recent regulatory approvals included a unanimous settlement in Texas and a settlement agreement in Oklahoma with favorable ROE outcomes.
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AEP Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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AEP Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 06, 2024 | $99.43 | $95.32 | -4.13% |
| Jul 30, 2024 | $95.27 | $96.32 | +1.10% |
| Apr 30, 2024 | $84.24 | $83.61 | -0.75% |
| Feb 26, 2024 | $78.50 | $81.71 | +4.09% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does American Electric Power (AEP) report earnings?
American Electric Power (AEP) is schdueled to report earning on Feb 20, 2025, TBA Not Confirmed.
What is American Electric Power (AEP) earnings time?
American Electric Power (AEP) earnings time is at Feb 20, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is AEP EPS forecast?
AEP EPS forecast for the fiscal quarter 2024 (Q4) is $1.25.
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