earnings
confidence high
sentiment positive
materiality 0.75
AES beats 2024 Adjusted EPS guidance at $2.14; initiates 2025 outlook
AES CORP
2024-FY EPS reported
$2.36
revenue$12,278,000,000
- FY24 diluted EPS $2.37 (vs $0.34 loss in 2023); Adjusted EPS $2.14, above guidance of $1.87-$1.97.
- FY24 Adjusted EBITDA $2,639M (in $2,600-$2,900M guidance); Adj. EBITDA w/ tax attributes $3,952M, up from $3,439M.
- 2025 guidance: Adj. EBITDA $2,650-$2,850M, Adj. EPS $2.10-$2.26; reaffirms 5-7% EBITDA and 7-9% EPS growth through 2027.
- Signed 6.8 GW new contracts in 2024: 4.4 GW renewables PPAs, 2.1 GW data center load at AES Ohio; completed 3.0 GW renewables.
- Closed $2.8B of $3.5B asset sale target; sold AES Brasil for ~$630M and 30% AES Ohio stake to CDPQ for ~$546M.