American Electric Power Company, Inc. reported unaudited consolidated earnings and operating results for the fourth quarter and year ended December 31, 2017. For the quarter, the company has posted revenue of $3.8 billion against $3.8 billion a year ago. Net profit was $400.7 million or $0.81 per share against $373.4 million or $0.76 per share a year ago. Non GAAP profit was $420.1 million or $0.85 per share against $330.4 million or $0.67 per share a year ago.

For the year, the company has posted revenue of $15.4 billion against $16.4 billion a year ago. Net profit was $1,912.6 million or $3.89 per share against $610.9 million or $1.24 per share a year ago. Non GAAP profit was $1,807.9 million or $3.68 per share against $1,937.0 million or $3.94 per share a year ago.

The company had reaffirmed its 2018 operating earnings guidance range of $3.75 to $3.95 per share. Operating earnings could differ from GAAP earnings for matters such as impairments, divestitures or changes in accounting principles. Capital investment is expected to be $6 billion.

For the year 2019, the company expects capital investment to be $6.2 billion.

For the year 2020, the company lowered its capital investment by $500 million to $5.5 billion.

For the quarter, the company produced total vertically integrated utilities of 28,916 million KWHs against 28,115 million KWHs a year ago. Total transmission & distribution utilities were 18,795 million KWHs against 18,186 million KWHs a year ago.

For the quarter, the company produced total vertically integrated utilities of 117,289 million KWHs against 117,261 million KWHs a year ago. Total transmission & distribution utilities were 76,649 million KWHs against 76,880 million KWHs a year ago.