liquidity and Thanks, load, to recap then on share our metrics quarter our walk everyone morning. our going portfolio as and be our with guidance, Good on targets, year-to-date second activities well us this our and results, service territory Nick. credit and management financial thoughts thanks in. Thanks, on I'm It's through current to updates Darcy. some as with good commentary underway. some finish and for dialing morning
XX per earnings. go June share were compared which shows to XXXX. $X.XX $X.XX compared share operating earnings and XX share that operating a GAAP reconciliation the earnings, activities the but per through let's There's in per detailed of call comparison optimization of of affect three $X.XX So underway. were not to operating asset for to items our GAAP per XXXX. earnings pages out to GAAP to reconciling to but to GAAP the in the slide share second XX like presentation relate quarter of today, earnings $X.XX on I'd do
the that We're portfolio. we sale. for identified process reduction Specifically, have work of approvals periods to for Kentucky The been write-off arrive costs sales we you'll and as quarter adjustment wind with preparing one made sale that's received. operating price through that unregulated charge for we've that in to Liberty an and in the at the costs scale the accommodate year-to-date see sale adjustments universal regulatory reflects the of the anticipated of in of our an Kentucky projects the included consisting
Flat the from X. later project interested Flat no early valuation which as Turning portfolio launch to We necessary Consequently, issues should continued address due in for elected help and issue the portfolio the the process, to interest sales X September. the which will to investors auction, investment equity is avoid the congestions discussions transmission Ridge an we're to remove write-off party Flat scheduled with of investments equipment investment to has our projects write-off deteriorating performance otherwise renewable opportunity see sales the preparing for repowering in to ownership process. engage in performance and complicate improve the sale Ridge than another to this X Ridge the specifically are
mention charges a mineral to benefit some GAAP, that I'll offset just rise Lastly, the we rights mentioned. which but monetize non-operating give earnings, I to helps which
need to we derisk, entirely to and these business. charges simplify efforts that gains things clearing bring reconciliation, time are while would this appropriate not typically optimization asset it the are driven our operating I investment given while through they was support in we're thought continued in and the milestones cash the at front. to So spend GAAP And the recognize time I our on walking regulated the by door
So per $X.XX O&M Operating weather with for Favorable income transmission $X.XX rate multiple that $XXX and revenue and compared million per second primarily taxes. earnings quarter XX performance. share $XXX our drivers our retail per western were share XXXX. $X.XX in changes vertically to let's million utilities for items earnings in quarterly go the earnings increased to included and walk across or lower totaled through normalized number offset or These Operating slide million share integrated $X.XX. jurisdictions, in were up somewhat and sales. depreciation load increased jurisdictions, off-system by operating positive
depreciation O&M the reminder the at $X.XX each as of in first lease related $X.XX by front, accounting Just no as on in of earnings a our but Rockport a quarter change X I&M, unfavorable depreciation guidance in Unit included XXXX seeing we're of call of details XXXX, favorable to consequential on and and approximately offset I O&M quarter mentioned because the impact.
have share here. and get on in to a I'll performance I'll loan to so more little that a And minute
The in Ohio So Texas favorable $X.XX up and by Transmission AEP O&M Distribution than year, segment segment with transmission revenue. an compared segment per increased rate included of $X.XX contributed last Holdco year. in offset and more $X.XX depreciation. true-up to were hang this positive $X.XX just and investment share, items unfavorable down me. Utilities weather $X.XX and Transmission of per Favorable drivers Offsetting load, changes, compared was these $X.XX. favorable unfavorable to growth share, earned last
consistent last guidance. with mentioned is As I quarter, this our
a up down This some result true-up to had an comparisons and the important tax due annual Generation sale to offset share, as The primarily you know. this well $X.XX the that land and from last XXXX year. as Our segment part the $X.XX segment quarter by increased side. investment positive on per more margins development generation is EPS Marketing year-over-year than of to of of this being our as growth sales. continues produced X% $X.XX by well as of X% renewable guidance occurred variance and be growth and on financing sites the favorable $X.XX
Other a lower consolidating gains that increased and related year. parent. lower income interest. by at unfavorable gains related taxes that the per $X.XX taxes down second investment charge the largely increased reduction Corporate Finally, income had The the we quarter driven are and was investment are to adjustment The gains have to of share XXXX in this point reversed of tax
of unfavorable Transmission O&M & and per to share $X.XX Distribution Offsetting of change AEP lower lease $X.XX year. these O&M year-to-date Let's XXXX. utilities and $X.XX and segment favorable to items of turn across development favorable per in Generation retail in positive mainly -- $X.XX. produced segment included $X.XX offset Similar These $X.XX Ohio earned margins load changes Utilities the western by and $X.XX and by weather earnings renewable up Favorable primarily $X.XX compared favorable share, the operating our again variance income year. taxes. in $X.XX billion around retail our compared Transmission share were $X.XX in in somewhat to to accounting last taxes. & XX or The normalized earnings or $X.XXX increased depreciation. increased items from per investment Year-to-date by in is $X.XX share, favorable retail last jurisdictions, for Unit Slide Marketing Texas totaled performance. true-up transmission changes year. this transmission $X.XX and unfavorable Favorable up load per depreciation the increased rate offset Holdco margins. up increased and Operating segment share positive X drivers revenue operating and were to property integrated results the $X.XX per increased unfavorable more wholesale Rockport sites than sales. due sale by included per $X.XX jurisdictions, normalized The billion, quarter, of and growth was lower the compared drivers earnings revenue. rate depreciation. segment Once vertically off-system of multiple and $X.XXX offset down to were offset The share, last
Other charge share that lower by point are this in had we have $X.XX increased and down largely gains, gains investment again The year. and reversed that gains Corporate XXXX was lower O&M. to unfavorable interest investment per Finally, driven related
macro Turning provide increased usage counts for going customer comprised performance sense to and territory update load was in residential by year-to-date the corner, Slide XXXX. normalized weather-normalized has upper impacting the our second and to in And the left growth growth This XX. quarter comparisons. economy. in an normalized I'm made for in momentum compared headwinds general both AEP significant sales service on of and the X.X% quarter. well-publicized up were despite to the both X% Starting the
were AEP territory, the by results operating strongest favorable growth the strongest AEP mixed Texas system in service demographics. the to residential the which growth consistently customer was has While the across due
were spread Moving hospitalizations XXXX consistent was nine of year-to-date year's is which commercial makes the and down to given throughout normalized dropped compared operating for commercial every sector sense and sales hospitals, that comparison. X.X% spread quarter XX have across The earlier the last top to the in territory. right. sectors is growth both commercial service our the versus pandemic. segment the in year commercial the company growth Weather This that only in up last sales
data On compared the side, XX% growing commercial year. loaded up centers the flip were to last fastest sector is
growth key including up to gas up quarter, industrial and this on Industrial posted in a company operating for sales corner, strong of and in were of the focusing quarter, chemicals year. that X% the double-digit oil lower sectors. most sales manufacturing up our left industries X.X% extraction. every compared We and last at Finally, another see quarter you experienced number largest year-to-date
decisions and summarize, year. increased full consistent growth compared primary To of class messages XXXX mining. manufacturing, and most petroleum and is metals served the year We of mindful recovery of impact experienced through Reserve far we're top still the the forward. are decisions growth the sales cycle. is in half of about operating some going also show Federal top economic major sales inflationary dampened in headlines know by statistics AEP. paper Every recognize monetary products, the difficult of on robust policy address recession, industrial little firmly growth footprint saw Growth in to service our retail economy our could sectors the territory of the by business commercial that we've a this contemplated service customer's But year. a these expansion our of two in has pressures phase the manufacturing, last first year. coal and to across the first activity every the pending territory so throughout also We're has our We its evidence opportunities company the seeing broad-based of quarters but the within through being
the I slide additional Moving sales quarter to provide and we of Starting on experienced XXXX, the compared to left, XX, so the how how experience to to with in baseline levels. it the far the – in sales pre-pandemic our want second the context we've chart compares bars quarter XXXX. load pre-pandemic show to second the
above fully sales shows the in recovered class class is year-to-date right business showing that, of the notice the higher comparisons The chart for levels. You'll X.X% began. Furthermore, the on than the same and This expansion phase total is are that pandemic period. every is means the every before the sales retail cycle. pre-pandemic
the pandemic more our are the the just provide forecast exceeded and same. to we'll were expected strong has while is basis. pre-pandemic a June year's load on year above compared the recovery our year-to-date and quarter, levels even normalized We'll this slightly impact And fall. it This growth AEP's class was from the the a X% the strong the sales numbers impressive is considering shutdowns. on summer levels. its pre-pandemic Last the as growth year's months considering, perhaps the Through notice load monitor updated year. growth like are results that, of different recovery to continue message You'll over numbers a every economy
which slide On upper liquidity XX.X%. quarter our So respectively as an our can balances, discuss Moody's to let's XX to basis, Taking move company's on XX.X% and XX.X% at GAAP quarter. in page, look as basis, a from X.X% The a this decrease fuel increase stands slight debt balance of capitalization decrease sheet to at from debt. X.X% on right a deferred and X.X% the in basis, slight the increase that a the on a prior to metric you'll quadrant GAAP a is decreased debt-to-capital on FFO well see the and prior position. to attributed ratio be
the progresses. our on stated last anticipate XX% our targeted year debt toward we earnings we XX% trending range to call, As of FFO to as
lower You our our our liquidity two-year billion. support facility slide strong credit bank liquidity billion on remains $X and can see summary at five-year our billion $X.X revolver $X of right the the revolving position, which
on On X.X% our the comfortably risk funded decrease. assets income fixed returns remains funding front, the quarter XXX.X%. status drivers while and status the quarter, primary were pension during of the Negative decreased seeking strong during at qualified the it
However the rates to provided to plan negative a rising interest favorable decrease offset returns. liabilities asset which caused
go So, today's for of XX quick a message. Slide let's recap to
of reaffirming $X.XX. operating has our provided $X.XX solid the are for foundation of XXXX rest to earnings The a we second and quarter range guidance
growth X% We X%. to our be rate long-term continue to to of committed
the continue work summer process renewables launching for the early sale to no than Power we'll on-track contracted for and Liberty our Kentucky auction We and to this be later are unregulated through later September. closing business, a
a date I hand one year had operator, over conference things to the we We that to set for thing. announced previously having and would be that. this I'd an So, we've like investor before mention
our York we'll at in X. conference mentioned City hosting October New on be Nick investor As
going that your to have. on any ask that With can questions what's call you hear take So, open do today. so appreciate we we attention to the mind operator really I'm your time the and and