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10-Q: Q2 2024 Earnings Report

10-Q: Q2 2024 Earnings Report

10-Q:2024財年二季報
美股SEC公告 ·  07/30 07:25

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American Electric Power reported Q2 2024 net income of $340 million, down 35% from $521 million in Q2 2023. Revenues decreased slightly to $4.4 billion from $4.5 billion YoY. The decline was primarily due to a $160 million revenue refund provision related to SWEPCo's 2012 Texas Base Rate Case and the Turk Plant.AEP recorded a $142.5 million charge related to the Federal EPA's revised CCR rules and a $122 million expense for a voluntary severance program. These were partially offset by favorable rate proceedings and increased sales volumes driven by weather and higher commercial load. Transmission revenues rose due to continued investment in assets.For the first half of 2024, net income increased to $1.34 billion from $918 million in H1 2023, boosted by favorable IRS private letter rulings on net operating loss carryforwards. AEP maintained its 2024 operating earnings guidance range of $5.53 to $5.73 per share and reaffirmed its 6-7% long-term growth rate.
American Electric Power reported Q2 2024 net income of $340 million, down 35% from $521 million in Q2 2023. Revenues decreased slightly to $4.4 billion from $4.5 billion YoY. The decline was primarily due to a $160 million revenue refund provision related to SWEPCo's 2012 Texas Base Rate Case and the Turk Plant.AEP recorded a $142.5 million charge related to the Federal EPA's revised CCR rules and a $122 million expense for a voluntary severance program. These were partially offset by favorable rate proceedings and increased sales volumes driven by weather and higher commercial load. Transmission revenues rose due to continued investment in assets.For the first half of 2024, net income increased to $1.34 billion from $918 million in H1 2023, boosted by favorable IRS private letter rulings on net operating loss carryforwards. AEP maintained its 2024 operating earnings guidance range of $5.53 to $5.73 per share and reaffirmed its 6-7% long-term growth rate.
美國電力報告了2024年第二季度凈利潤爲$34000萬,同比下降35%,爲2023年第二季度的$52100萬。營業收入略微減少,從$45億降至$44億。下降主要是由於與SWEPCo的2012年德克薩斯州基礎費率案和Turk工廠相關的$16000萬營業收入退款準備。AEP記錄了與聯邦環保局修訂的CCR規則相關的$14250萬費用,以及自願裁員計劃的$12200萬支出。這些費用部分被有利的費率程序和由於天氣效應和更高商業負荷驅動的銷售量增長所抵消。由於持續對資產的投資,變速器收入增加。在2024年上半年,凈利潤從2023年上半年$91800萬增加至$13.4億,受有利的IRS私人函件裁定對淨運營損失結轉的影響。AEP保持其2024年每股經營收益指導區間爲$5.53至$5.73,並重申其6-7%的長期增長率。
美國電力報告了2024年第二季度凈利潤爲$34000萬,同比下降35%,爲2023年第二季度的$52100萬。營業收入略微減少,從$45億降至$44億。下降主要是由於與SWEPCo的2012年德克薩斯州基礎費率案和Turk工廠相關的$16000萬營業收入退款準備。AEP記錄了與聯邦環保局修訂的CCR規則相關的$14250萬費用,以及自願裁員計劃的$12200萬支出。這些費用部分被有利的費率程序和由於天氣效應和更高商業負荷驅動的銷售量增長所抵消。由於持續對資產的投資,變速器收入增加。在2024年上半年,凈利潤從2023年上半年$91800萬增加至$13.4億,受有利的IRS私人函件裁定對淨運營損失結轉的影響。AEP保持其2024年每股經營收益指導區間爲$5.53至$5.73,並重申其6-7%的長期增長率。
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