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American Electric Power Co Inc (AEP) SEC Filing 10-Q Quarterly report for the period ending Sunday, September 30, 2018

American Electric Power Co Inc

CIK: 4904 Ticker: AEP


Exhibit 99.1
aepearningsreleaselogoa03.jpg
 
News from AEP
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 THIRD-QUARTER 2018 EARNINGS; RAISES AND NARROWS FULL-YEAR OPERATING EARNINGS (NON-GAAP) GUIDANCE RANGE TO $3.88 TO $3.98 PER SHARE

Third-quarter 2018 GAAP earnings of $1.17 per share
Third-quarter 2018 operating earnings of $1.26 per share
Weather and investments to enhance service support strong earnings performance
 
AMERICAN ELECTRIC POWER
Preliminary, unaudited results
 
 
Third Quarter ended September 30
 
Year-to-date ended September 30
 
 
2018

2017

Variance

 
2018

2017

Variance

Revenue ($ in billions):
4.3

4.1

0.2

 
12.4

11.6

0.8

Earnings ($ in millions):
 
 
 
 
 
 
 
 
GAAP
577.6

544.7

32.9

 
1,560.4

1,511.9

48.5

 
Operating (non-GAAP)
619.1

543.1

76.0

 
1,590.6

1,387.8

202.8

 
 
 
 
 
 
 
 
 
EPS ($):
 
 
 
 
 
 
 
 
 
GAAP
1.17

1.11

0.06

 
3.17

3.07

0.10

 
Operating (non-GAAP)
1.26

1.10

0.16

 
3.23

2.82

0.41

EPS based on 493mm shares 3Q 2018, 492mm shares 3Q 2017, 493mm shares YTD 2018 and 492mm shares YTD 2017
 

COLUMBUS, Ohio, Oct 25, 2018 - American Electric Power (NYSE: AEP) today reported third-quarter 2018 earnings, prepared in accordance with Generally Accepted Accounting Principles (GAAP), of $578 million or $1.17 per share, compared with GAAP earnings of $545 million or $1.11 per share in third-quarter 2017. Operating earnings for third-quarter 2018 were $619 million or $1.26 per share, compared with operating earnings of $543 million or $1.10 per share in third-quarter 2017. Operating earnings is a non-GAAP measure representing GAAP earnings excluding special items. The difference between 2018

1

The following information was filed by American Electric Power Co Inc (AEP) on Thursday, October 25, 2018 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-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Assess how American Electric Power Co Inc's management team is paid from their Annual Proxy

Definitive Proxy Statement (Form DEF 14A)
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American Electric Power Co Inc's Definitive Proxy Statement (Form DEF 14A) filed after their 2018 10-K Annual Report includes:

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  • Peers / Competitors

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Inside American Electric Power Co Inc's 10-Q Quarterly Report:

Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Document And Entity Information
Condensed Consolidated Balance Sheets
Condensed Consolidated Balance Sheets (Parenthetical)
Condensed Consolidated Statements Of Cash Flows
Condensed Consolidated Statements Of Changes In Equity
Consolidated Statements Of Comprehensive Income (Loss)
Consolidated Statements Of Comprehensive Income (Loss) (Parenthetical)
Consolidated Statements Of Income
Benefit Plans
Benefit Plans (Details)
Benefit Plans (Tables)
Business Segments
Business Segments (Details)
Business Segments (Tables)
Commitments, Guarantees And Contingencies
Commitments, Guarantees And Contingencies (Details)
Commitments, Guarantees And Contingencies (Tables)
Comprehensive Income
Comprehensive Income (Details)
Comprehensive Income (Tables)
Derivatives And Hedging
Derivatives And Hedging (Details)
Derivatives And Hedging (Policies)
Derivatives And Hedging (Tables)
Dispostions And Impairments
Dispostions And Impairments (Details)
Fair Value Assets And Liabilities (Details)
Fair Value Long-Term Debt, Other Temporary Investments, Nuclear Trusts (Details)
Fair Value Measurements
Fair Value Measurements (Policies)
Fair Value Measurements (Tables)
Financing Activities
Financing Activities (Details)
Financing Activities (Tables)
Income Taxes
Income Taxes (Details)
Income Taxes (Tables)
New Accounting Pronouncements
Rate Matters
Rate Matters (Tables)
Rate Matters - East Companies (Details)
Rate Matters - Regulated Operations (Details)
Rate Matters - West Companies (Details)
Revenue From Contracts With Customers
Revenue From Contracts With Customers (Details)
Revenue From Contracts With Customers (Tables)
Significant Accounting Matters
Significant Accounting Matters (Details)
Significant Accounting Matters (Policies)
Significant Accounting Matters (Tables)
Variable Interest Entities
Variable Interest Entities (Details)
Variable Interest Entities (Tables)
Variable Interest Entities Variable Interest Entities (Policies)

Material Contracts, Statements, Certifications & more

American Electric Power Co Inc provided additional information to their SEC Filing as exhibits

Exhibit 4: Amended And Restated Credit Agreement
Exhibit 10: Aircraft Time Sharing Agreement
Exhibit 12: Computation Of Ratios - Aep
Exhibit 12: Computation Of Ratios - Aeptco
Exhibit 12: Computation Of Ratios - Aep Texas
Exhibit 12: Computation Of Ratios - Apco
Exhibit 12: Computation Of Ratios - I&Amp;M
Exhibit 12: Computation Of Ratios - Opco
Exhibit 12: Computation Of Ratios - Pso
Exhibit 12: Computation Of Ratios - Swepco
Exhibit 31.A: 302 Certification Of Ceo - Aep
Exhibit 31.A: 302 Certification Of Ceo - Aeptco
Exhibit 31.A: 302 Certification Of Ceo - Aep Texas
Exhibit 31.A: 302 Certification Of Ceo - Apco
Exhibit 31.A: 302 Certification Of Ceo - I&Amp;M
Exhibit 31.A: 302 Certification Of Ceo - Opco
Exhibit 31.A: 302 Certification Of Ceo - Pso
Exhibit 31.A: 302 Certification Of Ceo - Swepco
Exhibit 31.B: 302 Certification Of Cfo - Aep
Exhibit 31.B: 302 Certification Of Cfo - Aeptco
Exhibit 31.B: 302 Certification Of Cfo - Aep Texas
Exhibit 31.B: 302 Certification Of Cfo - Apco
Exhibit 31.B: 302 Certification Of Cfo - I&Amp;M
Exhibit 31.B: 302 Certification Of Cfo - Opco
Exhibit 31.B: 302 Certification Of Cfo - Pso
Exhibit 31.B: 302 Certification Of Cfo - Swepco
Exhibit 32.A: 1350 Certification Of Ceo - Aep
Exhibit 32.A: 1350 Certification Of Ceo - Aeptco
Exhibit 32.A: 1350 Certification Of Ceo - Aep Texas
Exhibit 32.A: 1350 Certification Of Ceo - Apco
Exhibit 32.A: 1350 Certification Of Ceo - I&Amp;M
Exhibit 32.A: 1350 Certification Of Ceo - Opco
Exhibit 32.A: 1350 Certification Of Ceo - Pso
Exhibit 32.A: 1350 Certification Of Ceo - Swepco
Exhibit 32.B: 1350 Certification Of Cfo - Aep
Exhibit 32.B: 1350 Certification Of Cfo - Aeptco
Exhibit 32.B: 1350 Certification Of Cfo - Aep Texas
Exhibit 32.B: 1350 Certification Of Cfo - Apco
Exhibit 32.B: 1350 Certification Of Cfo - I&Amp;M
Exhibit 32.B: 1350 Certification Of Cfo - Opco
Exhibit 32.B: 1350 Certification Of Cfo - Pso
Exhibit 32.B: 1350 Certification Of Cfo - Swepco
Exhibit 95: Mine Safety Disclosure
Ticker: AEP
CIK: 4904
Form Type: 10-Q Quarterly Report
Accession Number: 0000004904-18-000055
Submitted to the SEC: Thu Oct 25 2018 1:16:31 PM EST
Accepted by the SEC: Thu Oct 25 2018
Period: Sunday, September 30, 2018
Industry: Electric Services

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