earnings
confidence high
sentiment neutral
materiality 0.55
AES Q1 adjusted EPS $0.21, down $0.07 YoY; reaffirms 2022 guidance; backlog reaches 10.3 GW
AES CORP
2022-Q1 EPS reported
$0.16
revenue$2,852,000,000
- Diluted EPS $0.16 vs ($0.22) in Q1 2021; Adjusted EPS $0.21 vs $0.28, down $0.07 YoY.
- Reaffirms 2022 Adjusted EPS guidance $1.55-$1.65 and 7%-9% annualized growth target through 2025.
- Attained third investment grade rating (Moody's); now investment grade from all three major agencies.
- Signed or awarded 1,087 MW renewables PPAs in Q1; backlog now 10,307 MW expected through 2025.
- Construction on schedule for >2 GW renewable projects in 2022; solar panels secured for all US projects.