American Electric Power (AEP) posted Q2 2022 results with considerable improvement across segments. Read more to know why I assign a buy rating for AEP stock.
/PRNewswire/ AMERICAN ELECTRIC POWER Preliminary, unaudited results Second Quarter ended June 30 Year-to-date ended June 30 2022 2021 Variance 2022 2021.
AEP Reports Strong Second-Quarter 2021 Earnings prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
0.13
EPS based on 497 million shares 1Q 2021, 495 million shares 1Q 2020, 497 million shares YTD 2021 and 495 million shares YTD 2020.
American Electric Power (Nasdaq: AEP) today reported first-quarter 2021 earnings, prepared in accordance with Generally Accepted Accounting Principles (GAAP), of $575 million or $1.16 per share, compared with GAAP earnings of $495 million or $1.00 per share in first-quarter 2020. Operating earnings for first-quarter 2021 were $571 million or $1.15 per share, compared with operating earnings of $504 million or $1.02 per share in first-quarter 2020.
Operating earnings is a non-GAAP measure representing GAAP earnings excluding special items. The difference between 2021 GAAP earnings and operating earnings for the quarter was due to the mark-to-market impact of economic hedging activities.
AEP Reports Strong 2020 Earnings; Raises 2021 Operating Earnings Guidance
- Year-end 2020 GAAP and operating earnings of $4.44 per share
- Fourth-quarter 2020 earnings of $0.88 per share GAAP and $0.87 per share operating
- Company raises 2021 operating earnings (non-GAAP) guidance range to $4.55 to $4.75 per share; maintains 5% to 7% long-term growth rate based on new guidance
- AEP accelerates carbon dioxide emissions reduction goals to reach net zero by 2050
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AMERICAN ELECTRIC POWER
Year-to-date ended December 31
0.20
EPS based on 496 million shares 4Q 2020, 494 million shares 4Q 2019, 496 million shares YTD 2020 and 494 million shares YTD 2019.
American Electric Power (Nasdaq: AEP) today reported fourth-quarter 2020 earnings, prepared in accordance with Generally Accepted Accounting Principles (GAAP), of $436 million or $0.88 per share, compared with GAAP earnings of $154 million or $0.31 per share in fourth-quarter 2019. Operating ea