earnings
confidence high
sentiment positive
materiality 0.75
AES Q3 adjusted EPS $0.71 vs $0.60; reaffirms 2024 guidance; signed 2.2 GW of new contracts
AES CORP
2024-Q3 EPS reported
$1.57
revenue$9,316,000,000
- GAAP diluted EPS $0.72, up from $0.32; net income attributable to AES $502M vs $231M.
- Adjusted EBITDA $692M, down $298M YoY due to Colombia drought and Energy Infrastructure margins.
- Adjusted EBITDA with Tax Attributes $1,168M, up $160M on higher realized tax credits.
- Signed 1.3 GW renewables PPAs and 900 MW data center load at AES Ohio; 1.2 GW construction completed.
- Closed ~75% of $3.5B asset sale target; sold 30% of AES Ohio for $546M and AES Brasil stake for $630M.