secwatch.observer — SEC 8-K summary
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Issuer:     AES CORP (AES)
CIK:        0000874761
Form:       8-K
Filed at:   2023-05-04T23:59:59+00:00
Accession:  0000874761-23-000040
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/874761/000087476123000040/0000874761-23-000040-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/874761/000087476123000040/aes-20230504.htm
  HTML page:      https://secwatch.observer/filing/0000874761-23-000040

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