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MEDIA CONTACT:
 
ANALYSTS CONTACT:
Melissa McHenry
 
Bette Jo Rozsa
Director, External Communications
 
Managing Director, Investor Relations
614/716-1120
 
614/716-2840

FOR IMMEDIATE RELEASE

AEP REPORTS 2016 FOURTH-QUARTER AND YEAR-END EARNINGS

Fourth-quarter 2016 earnings of $0.76 per share GAAP and $0.67 per share operating
Year-end 2016 earnings of $1.24 per share GAAP and $3.94 per share operating
Investments in regulated businesses drive continued earnings growth

 
AMERICAN ELECTRIC POWER
Preliminary, unaudited results
 
 
Fourth Quarter ended December 31
 
Year-to-date ended December 31
 
 
2016

2015

Variance

 
2016

2015

Variance

Revenue ($ in billions):
3.8

3.6

0.2

 
16.4

16.5

(0.1
)
Earnings (Loss) ($ in millions):
 
 
 
 
 
 
 
 
GAAP
373.4

469.6

(96.2
)
 
610.9

2,047.1

(1,436.2
)
 
Operating
330.4

232.7

97.7

 
1,937.0

1,807.7

129.3

EPS ($):
 
 
 
 
 
 
 
 
 
GAAP
0.76

0.96

(0.20
)
 
1.24

4.17

(2.93
)
 
Operating
0.67

0.48

0.19

 
3.94

3.69

0.25

EPS based on 492mm shares 4Q 2016, 491mm shares 4Q 2015, 491mm shares YTD 2016 and 490mm shares YTD 2015.
 

COLUMBUS, Ohio, Jan 26, 2017 - American Electric Power (NYSE: AEP) today reported fourth-quarter 2016 earnings, prepared in accordance with Generally Accepted Accounting Principles (GAAP), of $373 million or $0.76 per share, compared with GAAP earnings of $470 million or $0.96 per share in fourth-quarter 2015. Operating earnings for fourth-quarter 2016 were $330 million or $0.67 per share, compared with operating earnings of $233 million or $0.48 per share in fourth-quarter 2015.
Year-end 2016 GAAP earnings were $611 million or $1.24 per share, compared with 2015 GAAP earnings of $2.047 billion or $4.17 per share. Year-end 2016 operating earnings were

1

The following information was filed by American Electric Power Co Inc (AEP) on Thursday, January 26, 2017 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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