earnings
confidence high
sentiment positive
materiality 0.75
AES Q2 adjusted EPS $0.38, up 81% YoY; signs 2.2 GW data center deals; raises 2024 EPS guidance to upper half
AES CORP
2024-Q2 EPS reported
$0.87
revenue$6,027,000,000
- Q2 adj. EPS $0.38 vs $0.21 YoY; GAAP diluted EPS $0.27 vs ($0.06) YoY.
- Signed 2.2 GW of new agreements directly with data center hyperscalers; PPA backlog now 12.6 GW.
- Now expects 2024 adj. EPS in upper half of $1.87-$1.97 range; reaffirms 7-9% growth targets.
- Adj. EBITDA (w/ tax attributes) $843M vs $607M; reaffirms $2.6-$2.9B adj. EBITDA guidance.