Inderpal S. Bhandari
On January 18, 2024, the Board of Directors (the “Board”) of The AES Corporation (the “Company”) approved the appointment of Mr. Inderpal S. Bhandari to serve as a director on the Board, effective January 18, 2024 .
Highest-materiality recent filing
AES receives CFIUS approval for merger with Horizon Parent
On Aug 27, 2026, AES received CFIUS approval for its pending merger with Horizon Parent, L.P.
AES extends Citi revolver maturity to Aug 2028, SMBC revolver to Dec 2027
Citi Credit Agreement termination date extended from Aug 23, 2027 to Aug 23, 2028.
AES dismisses EY as auditor, appoints KPMG ahead of merger closing
Dismissal of EY effective upon filing Q2 2026 10-Q; KPMG engaged for FY 2026.
AES stockholders approve $15.00/share acquisition by GIP/EQT consortium; ~97.9% vote in favor
Stockholders voted ~97.92% in favor, representing ~67.17% of outstanding shares.
AES issues $600M 5.200% notes due 2029 and $400M 5.750% notes due 2033
Total $1B offering: $600M 5.200% notes maturing 2029, $400M 5.750% notes maturing 2033.
AES adds proxy disclosures for takeover; JPM, Wells Fargo valuation ranges revealed
Two shareholder lawsuits (Miller v. AES, Jun 3; Wright v. AES, Jun 5) and 15 demand letters challenge proxy disclosures.
All nine director nominees elected; votes for ranged from 466M to 489M.
Sherry Kohan transitions from CAO to CFO of AES's U.S. Utilities business, effective May 7, 2026.
AES entered into three credit agreement amendments (March 13 and 16, 2026) to modify change-of-control provisions for the pending merger.
Consortium led by GIP and EQT to acquire AES for $15.00/share in cash, ~$10.7B equity value
AES stockholders to receive $15.00 per share in cash, a 40.3% premium to 30-day VWAP before media report.
AES Corp. to take $250M-$325M pre-tax impairment on Maritza plant in Bulgaria
Pre-tax impairment charge of $250M-$325M as of Dec 31, 2025, for the Maritza power plant in Bulgaria.
AES Q3 net income $517M, EPS $0.94; reaffirms 2025 guidance and 5-7% EBITDA growth target
Q3 GAAP net income $517M (vs $215M in Q3 2024); diluted EPS $0.94 (vs $0.72); adjusted EPS $0.75 (vs $0.71).
AES posts Q2 net loss of $150M on sales-type lease losses; Adjusted EPS up 34% to $0.51
Net loss $150M vs income $153M YoY; Diluted EPS ($0.15) vs $0.39; Adjusted EPS $0.51 vs $0.38.
AES wins $733M ICSID arbitration award against Argentina for BIT breaches
Arbitral tribunal awarded AES ~$733 million in damages plus accrued interest from Argentina.
AES annual meeting approves 2025 equity plan, elects directors, rejects recoupment
All 11 director nominees elected with votes ranging from 563M to 574M for; broker non-votes 53.5M.
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.
AES issues $800M 5.800% notes due 2032; tenders $776M of 3.300% notes due 2025
Issued $800M aggregate principal of 5.800% Senior Notes due March 2032 at 100% par.
AES prices $800M of 5.800% Senior Notes due 2032; concurrent tender offer for 3.300% notes due 2025
Issued $800M aggregate principal of 5.800% Senior Notes due 2032 at 100% of par.
AES launches $900M tender offer for 2025 notes, plans new senior notes offering
Cash tender offer for any and all of $900M outstanding 3.300% Senior Notes due 2025.
AES restates Q2/Q3 2024 results; impairment overstated by ~$197M; material weakness identified
AES concludes Q2/Q3 2024 financials should no longer be relied upon due to impairment overstatement.
AES beats 2024 Adjusted EPS guidance at $2.14; initiates 2025 outlook
FY24 diluted EPS $2.37 (vs $0.34 loss in 2023); Adjusted EPS $2.14, above guidance of $1.87-$1.97.
AES closes $500M offering of 6.950% junior subordinated notes due 2055
Aggregate principal $500M; priced at 99.985% of par.
AES Q3 adjusted EPS $0.71 vs $0.60; reaffirms 2024 guidance; signed 2.2 GW of new contracts
GAAP diluted EPS $0.72, up from $0.32; net income attributable to AES $502M vs $231M.
AES amends bylaws to modify stockholder nomination procedures and disclosure requirements
Board adopted amendments on October 3, 2024, effective immediately, following Delaware court decisions.
AES board amends by-laws to modify stockholder director nomination procedures
Amendments adopted October 3, 2024, effective immediately, following Delaware court decisions.
Q2 adj. EPS $0.38 vs $0.21 YoY; GAAP diluted EPS $0.27 vs ($0.06) YoY.
AES closes $950M issuance of 7.600% junior subordinated notes due 2055
$950M principal of 7.600% Fixed-to-Fixed Reset Rate Junior Subordinated Notes due Jan 15, 2055.
AES Q1 2024: diluted EPS $0.60 vs $0.21; reaffirms 2024 guidance; signs 1 GW Amazon deal
Diluted EPS of $0.60, up from $0.21 in Q1 2023; adjusted EPS of $0.50 vs $0.22.
AES shareholders elect all 11 director nominees, approve say-on-pay, and ratify EY auditor
All 11 director nominees elected with votes ranging from 533.9M to 614.6M for; 29.96M broker non-votes.
AES posts record 2023 Adjusted EPS $1.76, beats guidance; raises growth targets through 2027
Diluted EPS $0.34 vs -$0.82; Adjusted EPS $1.76 (guidance $1.65-1.75); Net loss $182M improved from $505M loss.
AES appoints Inderpal S. Bhandari to Board of Directors
Appointment effective January 18, 2024; term until 2024 Annual Meeting.
AES Q3 Adj EPS $0.60; expects FY 2023 Adj EPS in top half of $1.65-$1.75 range
Q3 2023 Diluted EPS $0.32 vs $0.59 YoY; Net income $291M, down from $446M.
Q2 2023 diluted EPS ($0.06) improved from ($0.27) in Q2 2022; Adjusted EPS $0.21 vs $0.34.
AES names Ricardo Falú COO; Kristina Lund leaves Utilities SBU, Ahmed Pasha acting president
Bernerd Da Santos steps down as COO effective July 24, remains EVP and President of Renewables SBU.
AES elects former DTE Energy CEO Gerard M. Anderson to board, effective July 17
Gerard M. Anderson, former Executive Chairman and CEO of DTE Energy, elected to AES board effective July 17, 2023.
Leo Moreno, President of AES Clean Energy, to depart July 6; Bernerd Da Santos to take over
Leo Moreno, President of AES Clean Energy, will depart AES on July 6, 2023 to join a private equity-backed renewables developer in Europe.
AES closes $900M 5.450% senior notes due 2028 issuance
Completed offering of $900M aggregate principal of 5.450% Senior Notes due June 1, 2028.
No material event identified; filing contains only XBRL metadata
Filing items 8.01 and 9.01 reported but no narrative or exhibit provided.
AES targets tripling renewables capacity by 2027, sets EPS growth target of 6-8%
Plans to add 25-30 GW of solar, wind and energy storage through 2027, tripling renewables capacity.
AES reports Q1 2023 diluted EPS $0.21, reaffirms 2023 guidance
Q1 diluted EPS $0.21 (up from $0.16 YoY); adjusted EPS $0.22 (up from $0.21); net income $189M (up $18M).
Bylaws amended to allow director removal with or without cause by majority vote at special meeting.
AES reports 2022 adjusted EPS $1.67, beats guidance; announces $750M commercial paper program
Adjusted EPS $1.67 vs guidance $1.55-$1.65 and prior year $1.52; Diluted EPS ($0.82).
AES Q3 adj EPS $0.63 beats prior year; now expects FY 2022 adj EPS at high-end of $1.55-1.65
Q3 2022 Diluted EPS $0.59 (up from $0.48); Adjusted EPS $0.63 (up from $0.50), driven by higher LNG margins in MCAC.
AES Q2 2022 Adjusted EPS $0.34 (+10% YoY); reaffirms full-year guidance
Diluted EPS of ($0.27) vs $0.03 in Q2 2021; Adjusted EPS $0.34 vs $0.31 (+10% YoY).
AES to record $450M-$550M impairment on Maritza plant due to Bulgaria coal phase-out by 2038
Pre-tax impairment charge of $450M-$550M to be recognized as of June 30, 2022, due to reduced useful life of Maritza plant to 2038.
AES Q1 adjusted EPS $0.21, down $0.07 YoY; reaffirms 2022 guidance; backlog reaches 10.3 GW
Diluted EPS $0.16 vs ($0.22) in Q1 2021; Adjusted EPS $0.21 vs $0.28, down $0.07 YoY.
AES shareholders re-elect 11 directors, approve say-on-pay; reject termination-pay proposal
All 11 director nominees elected; Maura Shaughnessy received highest votes (573.8M for).
AES reports FY2021 Adj EPS $1.52, meets guidance; announces coal exit by 2025, reaffirms 7-9% growth
FY2021 Adjusted EPS $1.52 (guidance $1.50-$1.58); Diluted EPS ($0.62) driven by Alto Maipo deconsolidation.
AES discloses CFO Stephen Coughlin's compensation: $580k salary, 100% bonus target, 225% LTI target
Annual base salary of $580,000 approved effective Feb 24, 2022.
Adjusted EPS $1.52 vs guidance $1.50-1.58 and $1.44 in 2020; Diluted EPS ($0.62) due to Alto Maipo loss.
On January 18, 2024, the Board of Directors (the “Board”) of The AES Corporation (the “Company”) approved the appointment of Mr. Inderpal S. Bhandari to serve as a director on the Board, effective January 18, 2024 .
On July 21, 2023, the Board appointed Ricardo Manuel Falú to serve as AES’ Senior Vice President and COO, effective July 24, 2023.
Bernerd Da Santos, currently serving as Executive Vice President, Chief Operating Officer ("COO") and President of AES’ Renewables Strategic Business Unit ("SBU"), will step down from his position as COO, effective July 24, 2023
elected Mr. Gerard M. Anderson to the Board, effective July 17, 2023.
On January 25, 2022, The AES Corporation (the “Company”) and Lisa Krueger mutually determined that Ms. Krueger will cease to serve in her role as the Company’s Executive Vice President and President, U.S. and Utilities SBU on January 25, 2022 in connection with an internal reorganization.
On September 21, 2021, the Board of Directors (the “Board”) of the Company appointed Stephen Coughlin to serve as the Company’s Executive Vice President and Chief Financial Officer, effective October 15, 2021.
On September 20, 2021, Gustavo Pimenta, Executive Vice President and Chief Financial Officer of The AES Corporation (the “Company”), notified the Company of his decision to resign from his position to join Vale S.A. as its Chief Financial Officer.
On July 15, 2021, the Board of Directors (the “Board”) of The AES Corporation (the “Company”) elected Maura Shaughnessy to the Board, effective immediately, and appointed her to the Financial Audit Committee and Innovation and Technology Committee of the Board.
Max materiality 1.00 · Median 0.62 · Most common event earnings