Summary
This 8-K filing from American Electric Power Company, Inc. (AEP) on July 10, 2007, primarily serves as a Regulation FD disclosure. The company is announcing that during investor meetings scheduled between July 10 and July 17, 2007, it will reaffirm its previously issued guidance for ongoing earnings per share (EPS) for the full 2007 fiscal year. This guidance remains in the range of $2.85 to $3.05 per share, a figure first communicated in an 8-K filing on April 26, 2007. Management emphasizes that "ongoing earnings," which are GAAP earnings adjusted for certain items, are considered a more meaningful measure of performance and are used for internal reporting and external communications with analysts and investors. The filing also includes a standard disclaimer about forward-looking statements and outlines various risk factors that could impact actual results, ranging from weather and fuel costs to regulatory changes and market volatility.
Key Highlights
- 1Reaffirmation of 2007 ongoing earnings per share guidance of $2.85 to $3.05.
- 2Guidance was initially provided on April 26, 2007, in a previous 8-K filing.
- 3Investor meetings to discuss guidance will take place from July 10 to July 17, 2007.
- 4AEP uses "ongoing earnings" (adjusted GAAP earnings) as its primary performance metric for investor communication.
- 5The filing includes a comprehensive list of risk factors that could affect future financial performance.
- 6Standard forward-looking statement disclaimer is included, highlighting potential deviations from projected results.