AES Q2 net loss narrows, Adjusted EPS $0.21; reaffirms 2023 guidance; renewables backlog hits 13.2 GW

AES CORP

2022-Q2 EPS reported $0.16 revenue$6,266,000,000

Q2 2023 diluted EPS ($0.06) improved from ($0.27) in Q2 2022; Adjusted EPS $0.21 vs $0.34.
Net loss narrowed to $19M from $136M; Adjusted EBITDA $569M down from $686M.
Reaffirmed 2023 guidance: Adjusted EPS $1.65-$1.75 and Adjusted EBITDA $2,600-$2,900M.
YTD signed 2.2 GW renewables PPAs; backlog record 13.2 GW; on track for 3.4 GW commissioned in 2023.
Coal exit progress: retired 415 MW Petersburg Unit 2; announced retirement of 276 MW Norgener; terminated Warrior Run PPA.

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 1.0

AES CORP reported the quarter ended June 30, 2023 results: net income ($19) million, EPS ($0.06). Guidance reaffirmed.

Period: the quarter ended June 30, 2023
Net income: ($19) million
EPS: ($0.06)
Guidance: reaffirmed
Result: reported results

Exact text from the filing

On August 3, 2023, The AES Corporation (“AES” or the “Company”) issued a press release announcing its financial results for the quarter and year ended June 30, 2023.

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Source: SEC EDGAR

accession 0000874761-23-000073

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