Page 1

AMERICAN ELECTRIC POWER ™ BOUNDLESS ENERGY ™ M MEDIA CONTACT : Tammy Ridout Director , External Communications 614 / 716-2347 FOR IMMEDIATE RELEASE AEP REPORTS STRONG SECOND - QUARTER 2021 EARNINGS ● Revenue ( $ in billions ) : Earnings ( $ in millions ) : GAAP Operating ( non - GAAP ) Second - quarter 2021 GAAP earnings of $ 1.16 per share and $ 1.18 per share operating Company reaffirms 2021 operating earnings ( non - GAAP ) guidance range of $ 4.55 to $ 4.75 per share ; maintains 5 % to 7 % long - term growth rate EPS ( $ ) : GAAP Operating ( non - GAAP ) AMERICAN ELECTRIC POWER Preliminary , unaudited results Second Quarter ended June 30 2020 Variance 3.5 0.3 2021 3.8 578.2 589.5 ANALYSTS CONTACT : Darcy Reese Vice President , Investor Relations 614 / 716-2614 1.16 1.18 520.8 533.5 1.05 1.08 News from AEP 57.4 56.0 0.11 0.10 Year - to - date ended June 30 2021 2020 8.1 7.2 1,153.2 1,160.0 2.31 2.33 1,016.0 1,037.7 2.05 2.10 Variance 0.9 137.2 122.3 0.26 0.23 EPS based on 500 million shares 2Q 2021 , 496 million shares 2Q 2020 , 498 million shares YTD 2021 and 495 million shares YTD 2020 COLUMBUS , Ohio , July 22 , 2021 - American Electric Power ( Nasdaq : AEP ) today reported second quarter 2021 earnings , prepared in accordance with Generally Accepted Accounting Principles ( GAAP ) ,