Recap: American Electric Power Q2 Earnings

 

Shares of American Electric Power AEP rose 0.1% in pre-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share increased 9.26% over the past year to $1.18, which beat the estimate of $1.13.

Revenue of $3,800,000,000 up by 8.57% from the same period last year, which missed the estimate of $3,880,000,000.

Guidance

The upcoming fiscal year's EPS expected to be between $4.55 and $4.75.

Details Of The Call

Date: Jul 22, 2021

Time: 09:00 AM

ET Webcast URL: https://www.aep.com/investors/events

Recent Stock Performance

52-week high: $94.21

52-week low: $74.80

Price action over last quarter: down 3.33%

Company Overview

American Electric Power is one of the largest regulated utilities in the United States, providing electricity generation, transmission, and distribution to more than 5 million retail customers in 11 states. About 43% of AEP's of capacity is coal, with the remainder from a mix of natural gas (29%), renewable energy and hydro (18%), nuclear (8%), and demand response (2%). Vertically integrated utilities, transmission and distribution, and generation and marketing support earnings.

Posted In: BZI-RecapsEarningsNews

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