American Electric Power (AEP) has released its fourth-quarter and full-year 2024 earnings report, showcasing significant growth and strategic initiatives.
Financial Highlights:
Fourth Quarter 2024:
- GAAP Earnings: $664 million, or $1.25 per share, up from $336 million, or $0.64 per share, in Q4 2023.
- Operating Earnings: $660 million, or $1.24 per share, compared to $647 million, or $1.23 per share, in the same period last year.
Full Year 2024:
- GAAP Earnings: $2.97 billion, or $5.60 per share, an increase from $2.21 billion, or $4.26 per share, in 2023.
- Operating Earnings: $2.98 billion, or $5.62 per share, up from $2.72 billion, or $5.25 per share, the previous year.
Strategic Developments:
Capital Investment: AEP has announced a historic five-year, $54 billion capital plan aimed at enhancing infrastructure to meet growing customer demands.
Load Growth: The company experienced a 10.6% increase in commercial load in 2024, driven by economic development in Indiana, Ohio, and Texas.
Future Outlook: AEP anticipates 8-9% annual total retail load growth from 2025 to 2027, expecting to serve more than 20 gigawatts of new load by the end of the decade.
Personal Trading Insight:
As an active swing trader focusing on energy companies with attractive dividends, AEP aligns well with my investment strategy. I have previously executed trades in AEP across multiple accounts, capitalizing on modest price movements. Currently, I do not hold a position in AEP but have set price targets awaiting a potential pullback to re-enter.
Disclaimer: This post is for informational purposes only and should not be considered financial advice. I do not currently hold a position in AEP but actively swing trade the stock. Please consult with a financial advisor before making any investment decisions.
