earnings
confidence high
sentiment positive
materiality 0.75
AES Q1 2024: diluted EPS $0.60 vs $0.21; reaffirms 2024 guidance; signs 1 GW Amazon deal
AES CORP
2022-Q2 EPS reported
$0.60
revenue$3,085,000,000
- Diluted EPS of $0.60, up from $0.21 in Q1 2023; adjusted EPS of $0.50 vs $0.22.
- Net income $278M vs $189M; adjusted EBITDA $635M vs $628M; adjusted EBITDA with tax attributes $863M vs $641M.
- Constructed/acq 593 MW renewables in Q1; signed 1.2 GW PPAs incl 1 GW with Amazon at Bellefield (total 2 GW).
- Backlog of 12.7 GW signed; 5.8 GW under construction.
- Reaffirms 2024 adjusted EPS guidance $1.87-$1.97, adj EBITDA $2.6-2.9B, and long-term growth targets through 2027.