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AEP Reaffirms Its 2024 Outlook: Sees Operating EPS Of $5.53-$5.73 Vs. $5.62 Consensus; Long-Term Growth Rate Of 6%-7%

Author: Benzinga Newsdesk | July 30, 2024 07:06am

EARNINGS GUIDANCE 

AEP management reaffirms its 2024 operating earnings guidance range of $5.53 to $5.73 per share. Operating earnings could differ from GAAP earnings for matters such as impairments, divestitures or changes in accounting principles. AEP management is not able to forecast if any of these items will occur or any amounts that may be reported for future periods. Therefore, AEP is not able to provide a corresponding GAAP equivalent for 2024 earnings guidance.

Reflecting special items recorded through the second quarter, the estimated earnings per share on a GAAP basis would be $5.56 to $5.76 per share. See the table below for a full reconciliation of 2024 earnings guidance

Posted In: AEP

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