secwatch.observer — SEC 8-K summary
======================================

Issuer:     AES CORP (AES)
CIK:        0000874761
Form:       8-K
Filed at:   2025-05-01T23:59:59+00:00
Accession:  0000874761-25-000037
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

AES Q1 net loss $73M, adj EPS $0.27; reaffirms 2025 guidance
------------------------------------------------------------

- Q1 2025 net loss $73M vs net income $278M in Q1 2024; diluted EPS $0.07 vs $0.60.
- Adjusted EBITDA $591M (-$49M YoY); adjusted EPS $0.27 (-$0.23 YoY).
- Reaffirms 2025 guidance: Adjusted EBITDA $2.65-$2.85B, Adjusted EPS $2.10-$2.26.
- PPA backlog 11.7 GW (5.3 GW under construction); added 643 MW solar/storage in Q1.
- Sold minority stake in AGIC for $450M, achieving full-year asset sale target.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/874761/000087476125000037/0000874761-25-000037-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/874761/000087476125000037/aes-20250501.htm
  HTML page:      https://secwatch.observer/filing/0000874761-25-000037

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer