Summary
This Form 8-K from American Electric Power Company, Inc. (AEP) on January 8, 2015, primarily serves to disclose that management will be reaffirming the company's previously issued earnings guidance during investor meetings scheduled for January 8-9, 2015. Specifically, AEP intends to reiterate its 2014 fiscal year operating earnings guidance of $3.40 to $3.50 per share and its 2015 fiscal year operating earnings guidance of $3.40 to $3.60 per share. The report also emphasizes AEP's use of operating earnings, which are GAAP earnings adjusted for certain items, as its primary performance measurement for communicating with stakeholders and for internal management purposes.
Key Highlights
- 1AEP reaffirmed its 2014 operating earnings guidance of $3.40 to $3.50 per share.
- 2AEP reaffirmed its 2015 operating earnings guidance of $3.40 to $3.60 per share.
- 3The company will be conducting investor meetings on January 8-9, 2015, during which guidance will be reaffirmed.
- 4AEP utilizes 'operating earnings' (adjusted GAAP earnings) as its key performance metric for external and internal reporting.
- 5The filing includes a standard disclaimer regarding forward-looking statements and the various factors that could impact actual results.