AES reports Q1 2023 diluted EPS $0.21, reaffirms 2023 guidance

AES CORP

2022-Q2 EPS reported $0.21 revenue$3,239,000,000

Q1 diluted EPS $0.21 (up from $0.16 YoY); adjusted EPS $0.22 (up from $0.21); net income $189M (up $18M).
Adjusted EBITDA $628M, up $7M YoY; reaffirms 2023 adjusted EPS guidance $1.65-$1.75 and 7-9% growth target.
New SBUs: Renewables, Utilities, Energy Infrastructure, New Energy Technologies; detailed review at May 8 Investor Day.
Agreed to terminate Warrior Run coal plant PPA for $357M; expects PUCO approval for AES Ohio ESP4 in Q3 2023.
Backlog 11,932 MW as of Q1 2023 (5,627 MW under construction); signed 1.4 GW gas extension in Southern California.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

AES CORP reported for the quarter ended March 31, 2023 results: net income $189 million, EPS $0.21. Guidance reaffirmed.

Period: for the quarter ended March 31, 2023
Net income: $189 million
EPS: $0.21
Guidance: reaffirmed
Result: reported results

Exact text from the filing

On May 4, 2023, The AES Corporation (“AES” or the “Company”) issued a press release announcing its financial results for the quarter and year ended March 31, 2023.

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Source: SEC EDGAR

accession 0000874761-23-000040

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