The company said its GAAP net income for 2024 was $2.97 billion ($5.60 per share), and its operating earnings (non-GAAP) were $2.98 billion ($5.62 per share). For the full year 2023, GAAP earnings were $4.26 per share and operating earnings were $5.25 per share.

1. 01

   The company said its GAAP net income for 2024 was $2.97 billion ($5.60 per share), and its operating earnings (non-GAAP) were $2.98 billion ($5.62 per share). For the full year 2023, GAAP earnings were $4.26 per share and operating earnings were $5.25 per share.

2. 02

   AEP said GAAP net income for Q4 2024 was $664 million ($1.25 per share), compared with $336 million ($0.64 per share) in Q4 2023. The company said operating earnings for Q4 were $660 million ($1.24 per share), and for Q4 2023 they were $647 million ($1.23 per share).

3. 03

   The company reaffirmed its 2025 operating earnings (non-GAAP) guidance of $5.75 to $5.95 per share, and it set a long-term EPS growth rate of 6% to 8% and an FFO/Debt target of 14% to 15%. It also said it plans to invest $54 billion from 2025 through 2029.

4. 04

   The company said it announced in early January a minority equity interest transaction of $2.82 billion involving Ohio and Indiana Michigan Transmission Companies. It said it has submitted the necessary regulatory filing and expects to close the transaction in the second half of the year.

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

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.