earnings
confidence high
sentiment positive
materiality 0.75
AES Q3 net income $517M, EPS $0.94; reaffirms 2025 guidance and 5-7% EBITDA growth target
AES CORP
2025-Q3 EPS reported
$0.81
revenue$9,132,000,000
- Q3 GAAP net income $517M (vs $215M in Q3 2024); diluted EPS $0.94 (vs $0.72); adjusted EPS $0.75 (vs $0.71).
- Adjusted EBITDA $830M (vs $698M); Adjusted EBITDA with Tax Attributes $1,256M (vs $1,174M).
- On track to add 3.2 GW of new projects in 2025; 2.9 GW completed YTD; 2.2 GW PPAs signed YTD, including 1.6 GW from data centers.
- PPA backlog of 11.1 GW (5 GW under construction); AES Ohio and AES Indiana filed rate review settlements.
- 2025 guidance reaffirmed: Adj. EBITDA $2,650-2,850M, Adj. EPS $2.10-2.26; dividend maintained at $0.17595/quarter.