secwatch.observer — SEC 8-K summary
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Issuer:     AES CORP (AES)
CIK:        0000874761
Form:       8-K
Filed at:   2025-11-04T23:59:59+00:00
Accession:  0000874761-25-000086
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

AES Q3 net income $517M, EPS $0.94; reaffirms 2025 guidance and 5-7% EBITDA growth target
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/874761/000087476125000086/0000874761-25-000086-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/874761/000087476125000086/aes-20251104.htm
  HTML page:      https://secwatch.observer/filing/0000874761-25-000086

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