Summary
American Electric Power Company, Inc. (AEP) issued this 8-K on September 24, 2015, to announce that its management would be reaffirming the company's previously issued guidance for fiscal year 2015 operating earnings. The guidance remains in the range of $3.50 to $3.65 per share. The company emphasized its use of operating earnings, which are GAAP earnings adjusted for certain items, as its primary performance metric for communicating with investors and analysts, and for internal performance measurement. This filing also serves as a reminder of the forward-looking nature of the company's statements and outlines various factors that could materially affect actual results. These factors include, but are not limited to, electric load and customer growth, weather, fuel costs, regulatory decisions, legislative changes, litigation, economic conditions, financial market changes, and technological advancements in generation. Investors should carefully consider these potential risks and uncertainties.
Key Highlights
- 1AEP reaffirmed its 2015 fiscal year operating earnings guidance of $3.50 to $3.65 per share.
- 2The reaffirmation occurred during investor meetings scheduled between September 24 and September 29, 2015.
- 3AEP utilizes 'operating earnings' (GAAP earnings adjusted for certain items) as its key performance metric for investor communications.
- 4The company also uses operating earnings internally for performance measurement and reporting to the board.
- 5The filing includes a comprehensive list of risk factors that could impact future financial results.
- 6Key risk factors mentioned include regulatory matters, environmental regulations (like Clean Air Act enforcement actions), fuel costs, economic conditions, and financial market volatility.