Summary
American Electric Power Company, Inc. (AEP) filed an 8-K on September 8, 2009, primarily to disclose its reaffirance of its previously issued 2009 fiscal year ongoing earnings per share guidance. The company stated that it expects ongoing earnings to be in the range of $2.75 to $3.05 per share for the full fiscal year. This guidance was initially provided in a Form 8-K filed on July 31, 2009, and management reiterated its belief that ongoing earnings, adjusted for certain items, provide a more meaningful measure of the company's performance. The filing also serves as notice that AEP management will be conducting investor meetings between September 8 and September 16, 2009, during which this guidance will be reaffirmed. The report includes a standard disclaimer about forward-looking statements and lists numerous factors that could cause actual results to differ materially from projections, covering a wide range of operational, regulatory, market, and economic conditions.
Key Highlights
- 1Reaffirmation of 2009 full-year ongoing earnings per share guidance: $2.75 to $3.05.
- 2Guidance was initially provided on July 31, 2009, and is being reiterated during investor meetings.
- 3Investor meetings are scheduled to take place from September 8, 2009, to September 16, 2009.
- 4AEP management emphasizes the importance of 'ongoing earnings' as a key performance metric for investors.
- 5The filing includes a comprehensive list of risk factors that could impact future financial results.
- 6Standard cautionary language regarding forward-looking statements is present.