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American Electric Power Q3 GAAP earnings $519 million

Staff writer ▼ | October 23, 2015
American Electric Power reported third-quarter 2015 GAAP earnings of $519 million or $1.06 per share, compared with $493 million or $1.01 per share in Q3 2014.
American Electric Power
American Electric Power   $1.06 per share
Operating earnings (GAAP earnings excluding special items) for third-quarter 2015 were $521 million or $1.06 per share, compared with third-quarter 2014 operating earnings of $493 million or $1.01 per share.

The difference in third-quarter 2015 GAAP earnings of $519 million and operating earnings of $521 million was due to commodity hedging within the Generation & Marketing segment.

"We continue to execute on our strategy of investing in our core regulated businesses to improve service to customers, while demonstrating continuous improvement in our operations.

"Our strong earnings performance so far this year and our ability to continue delivering results give us the confidence to raise and narrow our 2015 operating earnings guidance range to $3.67 to $3.77 per share from $3.50 to $3.65 per share.

"AEP's board of directors voted earlier this week to boost our quarterly dividend by 3 cents to 56 cents per share, an increase of 5.7 percent annually," said Nicholas K. Akins, AEP chairman, president and chief executive officer.