The company said it reported GAAP earnings of $960 million ($1.80 per share) for Q3 2024, and operating earnings (non-GAAP) of $985 million ($1.85 per share). For Q3 2023, GAAP earnings were $954 million ($1.83 per share) and operating earnings were $924 million ($1.77 per share).

1. 01

   The company said it reported GAAP earnings of $960 million ($1.80 per share) for Q3 2024, and operating earnings (non-GAAP) of $985 million ($1.85 per share). For Q3 2023, GAAP earnings were $954 million ($1.83 per share) and operating earnings were $924 million ($1.77 per share).

2. 02

   AEP said it narrowed its 2024 operating earnings (non-GAAP) outlook to $5.58 to $5.68 per share, maintaining the midpoint of $5.63. Reflecting special items recorded through Q3, the estimated GAAP earnings per share is $5.55 to $5.65.

3. 03

   The company said it introduced a new long-term growth rate of 6% to 8%, based on its 2025 operating earnings outlook of $5.75 to $5.95 per share. It also said it expanded its 5-year capital plan to $54 billion.

4. 04

   AEP said commercial load rose more than 10% year over year through Q3. Based on customer contracts signed so far, it expects commercial load to grow an average of 20% a year over the next 3 years. The company also said it has financial agreements from customers for 20 gigawatts of commercial and industrial load additions through the end of the decade, which is in the 10 time frame.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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