earnings
confidence high
sentiment positive
materiality 0.75
AES reports FY2021 Adj EPS $1.52, meets guidance; announces coal exit by 2025, reaffirms 7-9% growth
AES CORP
2021-FY EPS reported
-$0.61
revenue$11,141,000,000
- FY2021 Adjusted EPS $1.52 (guidance $1.50-$1.58); Diluted EPS ($0.62) driven by Alto Maipo deconsolidation.
- Announces intent to exit coal generation by end of 2025, accelerating from prior <10% target.
- Signed 5 GW new renewables PPAs in 2021; backlog 9.2 GW, pipeline 59 GW.
- Initiates 2022 Adj EPS guidance $1.55-$1.65; reaffirms 7-9% annualized growth target through 2025.
- Expects $1B in asset sale proceeds 2022-2025; 2022 proceeds $500-700M.