AEP Aug 2024 100.000 call
- Simply Wall St.
Should We Be Delighted With American Electric Power Company, Inc.'s (NASDAQ:AEP) ROE Of 11%?
While some investors are already well versed in financial metrics (hat tip), this article is for those who would like...
- PR Newswire
AEP Retains AEP Energy, Reaffirms 2024 Earnings Guidance
American Electric Power (Nasdaq: AEP) announced today it will retain its retail energy business, AEP Energy. The company is reaffirming its 2024 operating earnings guidance of $5.53 to $5.73 per share, long-term growth rate of 6% to 7% and FFO/Debt target of 14% to 15%.
- PR Newswire
AEP Signs Agreement to Sell Distributed Resources Business to Basalt
American Electric Power (Nasdaq: AEP) has entered into an agreement to sell its distributed resources business, AEP OnSite Partners ("OnSite"), to funds advised by Basalt Infrastructure Partners LLC. AEP expects to net approximately $315 million in cash after taxes and transaction fees, subject to customary closing adjustments. The sale is expected to close in the third quarter of 2024, pending regulatory approvals.
