Exhibit 99.1
aepearningsreleaselogoa10.jpg
 
News from AEP
MEDIA CONTACT:
 
ANALYSTS CONTACT:
Melissa McHenry
 
Bette Jo Rozsa
Managing Director, External Communications
 
Managing Director, Investor Relations
614/716-1120
 
614/716-2840

FOR IMMEDIATE RELEASE        

AEP REPORTS SECOND-QUARTER 2019 EARNINGS, REAFFIRMS FULL-YEAR EARNINGS GUIDANCE

Second-quarter 2019 GAAP earnings of $0.93 per share
Second-quarter 2019 operating earnings of $1.00 per share
Investments to benefit customers support operating earnings performance
 
AMERICAN ELECTRIC POWER
Preliminary, unaudited results
 
 
Second Quarter ended June 30
 
Year-to-date ended June 30
 
 
2019

2018

Variance

 
2019

2018

Variance

Revenue ($ in billions):
3.6

4.0

(0.4
)
 
7.6

8.1

(0.5
)
Earnings ($ in millions):
 
 
 
 
 
 
 
 
GAAP
461.3

528.4

(67.1
)
 
1,034.1

982.8

51.3

 
Operating (non-GAAP)
493.6

498.3

(4.7
)
 
1,078.4

971.5

106.9

 
 
 
 
 
 
 
 
 
EPS ($):
 
 
 
 
 
 
 
 
 
GAAP
0.93

1.07

(0.14
)
 
2.10

2.00

0.10

 
Operating (non-GAAP)
1.00

1.01

(0.01
)
 
2.19

1.97

0.22

EPS based on 494 million shares 2Q 2019, 493 million shares 2Q 2018, 493 million shares YTD 2019 and 492 million shares YTD 2018
 

COLUMBUS, Ohio, July 25, 2019 - American Electric Power (NYSE: AEP) today reported
second-quarter 2019 earnings, prepared in accordance with Generally Accepted Accounting Principles (GAAP), of $461 million or $0.93 per share, compared with GAAP earnings of $528 million or $1.07 per share in second-quarter 2018. Operating earnings for second-quarter 2019 were $494 million or $1.00 per share, compared with operating earnings of $498 million or $1.01 per share in second-quarter 2018. Operating earnings is a non-GAAP measure representing GAAP earnings excluding special items. The difference between 2019 GAAP earnings and

1

The following information was filed by American Electric Power Co Inc (AEP) on Thursday, July 25, 2019 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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