Summary
This 8-K filing from American Electric Power Company, Inc. (AEP) on August 15, 2005, primarily serves to inform investors about upcoming meetings with management on August 15 and 16, 2005. During these meetings, AEP will reaffirm its previously issued guidance for ongoing earnings per share (EPS) of $2.30 to $2.50 for the 2005 fiscal year. The company emphasizes that it uses "ongoing earnings" (GAAP earnings adjusted for certain items) as its primary performance metric for communicating its financial outlook to analysts and investors, and for internal performance measurement.
Key Highlights
- 1AEP reaffirms its 2005 fiscal year ongoing earnings per share guidance of $2.30 to $2.50.
- 2The reaffirmation of guidance occurred during investor meetings held on August 15-16, 2005.
- 3AEP utilizes "ongoing earnings" as its key performance metric for external communications with investors and analysts.
- 4The company also uses "ongoing earnings" for internal performance measurement and reporting to the board.
- 5The filing includes standard forward-looking statement disclaimers, outlining potential risks and uncertainties that could affect actual results.
Frequently Asked Questions
The primary purpose of this 8-K filing is to announce that AEP management will be holding investor meetings on August 15-16, 2005, and to reaffirm the company's previously issued earnings guidance for the 2005 fiscal year.
AEP is reaffirming its guidance for ongoing earnings per share to be in the range of $2.30 to $2.50 for the 2005 fiscal year.
AEP defines 'ongoing earnings' as GAAP earnings adjusted for certain items. The company considers this metric to be a more meaningful representation of its performance and uses it as its primary measure when communicating its earnings outlook and results to analysts and investors.
The filing lists numerous potential factors that could cause actual results to differ materially from forward-looking statements. These include, but are not limited to, electric load and customer growth, weather conditions, fuel costs and availability, generating capacity performance, regulatory decisions (including rate cases and environmental compliance), litigation, operating costs, asset sales, economic climate, and financial market conditions.