American Electric Power Co Inc (AEP) 10-Q Quarterly Report May 2023


MEDIA CONTACT:						ANALYSTS CONTACT:
Tammy Ridout						Darcy Reese
Managing Director, External Communications						Vice President, Investor Relations
614/716-2347						614/716-2614

FOR IMMEDIATE RELEASE

AEP REPORTS STRONG 2022 EARNINGS RESULTS

•Year-end 2022 GAAP earnings of $4.51 per share; operating earnings of $5.09 per share

•Company advances strategic initiatives including sales agreement for contracted renewables, new FERC 203 filing for Kentucky sale and continued strategic review of retail business

•2023 operating earnings (non-GAAP) guidance range reaffirmed at $5.19 to $5.39 per share with long-term growth rate of 6% to 7%

AMERICAN ELECTRIC POWER

Preliminary, unaudited results


		Fourth Quarter ended December 31			Year-to-date ended December 31
		2022	2021	Variance	2022	2021	Variance
Revenue ($ in billions):		4.9	4.1	0.8	19.6	16.8	2.8
Earnings ($ in millions):
	GAAP	384.3	538.9	(154.6)	2,307.2	2,488.1	(180.9)
	Operating (non-GAAP)	540.1	496.2	43.9	2,605.2	2,372.9	232.3

EPS ($):
	GAAP	0.75	1.07	(0.32)	4.51	4.97	(0.46)
	Operating (non-GAAP)	1.05	0.98	0.07	5.09	4.74	0.35

EPS based on 514 million shares 4Q 2022, 504 million shares 4Q 2021, 512 million shares YTD 2022 and 501 million shares YTD 2021.

COLUMBUS, Ohio, Feb 23, 2023 -- American Electric Power (Nasdaq: AEP) today reported fourth-quarter 2022 earnings, prepared in accordance with Generally Accepted Accounting Principles (GAAP), of $384 million or $0.75 per share, compared with GAAP earnings of $539 million or $1.07 per share in fourth-quarter 2021. Operating earnings for fourth-quarter 2022 were $540 million or $1.05 per share,

The following information was filed by American Electric Power Co Inc (AEP) on Thursday, February 23, 2023 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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Material Contracts, Statements, Certifications & more

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

Exhibit 4: Instruments Defining The Rights Of Security Holders, Including Indentures

Exhibit 31.A: Rule 13A-14(A)/15D-14(A) Certification

Exhibit 31.B: Rule 13A-14(A)/15D-14(A) Certification

Exhibit 32.A: Section 1350 Certification

Exhibit 32.B: Section 1350 Certification

Exhibit 95: Ex-95

Ticker: AEP
CIK: 4904
Form Type: 10-Q Quarterly Report
Accession Number: 0000004904-23-000072
Submitted to the SEC: Thu May 04 2023 7:08:19 AM EST
Accepted by the SEC: Thu May 04 2023
Period: Friday, March 31, 2023
Industry: Electric Services

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American Electric Power Co Inc (AEP) SEC Filing 10-Q Quarterly Report for the period ending Friday, March 31, 2023

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