Earnings summaries and quarterly performance for AES.
Executive leadership at AES.
Andrés Gluski
Detailed
Chief Executive Officer
CEO
BD
Bernerd Da Santos
Detailed
Executive Vice President and President, Renewables
JI
Juan Ignacio Rubiolo
Detailed
Executive Vice President and President, Energy Infrastructure
PF
Paul Freedman
Detailed
Executive Vice President, General Counsel and Corporate Secretary
RF
Ricardo Falu
Detailed
Executive Vice President, Chief Operating Officer and President, New Energy Technologies
SC
Stephen Coughlin
Detailed
Executive Vice President and Chief Financial Officer
Board of directors at AES.
AM
Alain Monié
Detailed
Director
GA
Gerard Anderson
Detailed
Director
HK
Holly Koeppel
Detailed
Director
IB
Inderpal Bhandari
Detailed
Director
JD
Janet Davidson
Detailed
Director
JB
John B. Morse, Jr.
Detailed
Chairman and Lead Independent Director
JL
Julie Laulis
Detailed
Director
MS
Maura Shaughnessy
Detailed
Director
MN
Moisés Naím
Detailed
Director
TS
Teresa Sebastian
Detailed
Director
Research analysts who have asked questions during AES earnings calls.
DA
David Arcaro
Morgan Stanley
4 questions for AES
Also covers: AEP, ATO, BE +32 more
Julien Dumoulin-Smith
Jefferies
4 questions for AES
Also covers: AEE, AEP, AGR +54 more
Nicholas Campanella
Barclays
4 questions for AES
Also covers: AEE, AEP, ATO +32 more
DC
Durgesh Chopra
Evercore ISI
3 questions for AES
Also covers: AEE, AEP, AWK +22 more
Richard Sunderland
JPMorgan Securities LLC
3 questions for AES
Also covers: AQN, ATO, AWK +9 more
RL
Ryan Levine
Citigroup
2 questions for AES
Also covers: AEP, ATO, BIP +17 more
AS
Agnieszka Storozynski
BofA Securities
1 question for AES
Also covers: AGR, AWK, AY +11 more
AC
Anthony Crowdell
Mizuho Financial Group
1 question for AES
Also covers: AEE, AEP, AGR +30 more
WG
Willard Grainger
Mizuho Financial Group, Inc.
1 question for AES
Recent press releases and 8-K filings for AES.
AES announces pre-tax impairment charge on Bulgarian Maritza power plant
AES
Accounting Changes
- In Q4 2025, AES identified an impairment indicator for its Maritza plant in Bulgaria due to the PPA expiring May 2026 and the decision not to invest in fuel conversion, resulting in a reduction of the asset’s useful life and a determination that its carrying value was not recoverable .
- AES concluded that a pre-tax impairment charge of $250 million to $325 million is required as of December 31, 2025, under GAAP; this charge reflects limited future use post-PPA and is not expected to impact cash flows under the current PPA through May 2026 .
- Management expects to finalize the impairment charge and assess its impact on income tax expense with the submission of its Form 10-K for the year ending December 31, 2025 .
Jan 16, 2026, 9:13 PM
AES sued alleging scheme to monopolize Panama LNG-to-power market
AES
Legal Proceedings
- Sinolam LNG Terminal and Sinolam Smarter Energy filed a civil action in Arlington, VA, accusing AES and partners (including InterEnergy) of a years-long conspiracy to exclude them from Panama’s LNG-to-power market through coercion, misuse of confidential information, and improper influence over regulators.
- The complaint alleges InterEnergy, after accessing Sinolam’s confidential data, joined AES in a joint venture that displaced Sinolam and its customers, destroying billions in expected value.
- Sinolam seeks compensatory damages in excess of $4 billion and other relief for claims including tortious interference and conspiracy under Virginia law.
- The lawsuit claims AES leveraged political ties in Panama to fast-track approvals for its projects, revoke Sinolam’s licenses, and secure monopoly control over LNG importation, storage, regasification, and LNG-fueled power generation in Panama.
Jan 7, 2026, 8:55 PM
AES reports Q3 2025 financial results
AES
Earnings
Guidance Update
New Projects/Investments
- Q3 adjusted EBITDA of $830 million (vs. $698 million a year ago) and adjusted EPS of $0.75 (vs. $0.71), driven by new renewables capacity and utility rate-base investments.
- Reaffirmed 2025 guidance: $2.65 billion–$2.85 billion adjusted EBITDA and $2.10–$2.26 adjusted EPS.
- Renewables EBITDA up 46% YTD, reflecting 3 GW of new capacity brought online and an 11.1 GW project backlog (4.8 GW under construction).
- Maintained 5–7% long-term adjusted EBITDA growth through 2027 and highlighted $400 million of incremental run-rate EBITDA beyond 2027 from existing projects.
Nov 5, 2025, 3:00 PM
AES reports Q3 2025 earnings
AES
Earnings
Guidance Update
New Projects/Investments
- AES achieved $830 million in Q3 2025 Adjusted EBITDA and $0.75 Adjusted EPS, reflecting year-over-year growth.
- Year-to-date 2025 Adjusted EBITDA reached $2,102 million, up from $1,996 million in YTD 2024.
- Renewables SBU continues to expand, signing 2.2 GW of new PPAs YTD (targeting 4 GW for 2025) and holding an 11.1 GW PPA backlog.
- Company reaffirmed 2025 guidance of $2,650–$2,850 million in Adjusted EBITDA and $2.10–$2.26 Adjusted EPS.
Nov 5, 2025, 3:00 PM
AES reports Q3 2025 results and reaffirms 2025 guidance
AES
Earnings
Guidance Update
New Projects/Investments
- Q3 adjusted EBITDA was $830 million, up 19% year-over-year, and adjusted EPS was $0.75, driven by renewables growth, utility rate base investments, and cost savings realization.
- Renewables EBITDA increased 46% year-to-date; AES has signed 2.2 GW of PPAs with data centers and corporates (aiming for 4 GW total), completed 2.9 GW of construction and holds an 11.1 GW safe-harbor backlog.
- Utilities SBU saw $1.3 billion of rate base investments over the past four quarters ; AES Indiana secured a settlement for 2% annual rate increases through 2029 , and AES Ohio’s distribution settlement adds $168 million of annual revenue.
- Company reaffirmed full-year 2025 guidance of $2.65 billion–$2.85 billion adjusted EBITDA and $2.10–$2.26 adjusted EPS, a long-term 5–7% EBITDA CAGR through 2027, plus an incremental $400 million run-rate EBITDA beyond 2027.
Nov 5, 2025, 3:00 PM
AES reports Q3 2025 results and reaffirms 2025 guidance
AES
Earnings
Guidance Update
New Projects/Investments
- AES posted Q3 2025 GAAP net income of $517 million (up from $215 million in Q3 2024) and diluted EPS of $0.94, with Adjusted EBITDA of $830 million and Adjusted EPS of $0.75.
- Reaffirmed 2025 guidance for Adjusted EBITDA of $2,650–$2,850 million and Adjusted EPS of $2.10–$2.26, targeting 5%–7% annualized EBITDA growth and 7%–9% EPS growth through 2027.
- Renewables pipeline accelerated: 2.9 GW of new projects completed YTD (on track for 3.2 GW by year‐end) and a PPA backlog of 11.1 GW (including 5 GW under construction).
Nov 4, 2025, 9:17 PM
AES reports third quarter 2025 results
AES
Earnings
Guidance Update
New Projects/Investments
- Net income of $517 million and diluted EPS of $0.94, up from $215 million and $0.72 in Q3 2024.
- Adjusted EBITDA of $830 million and Adjusted EBITDA with Tax Attributes of $1,256 million, compared to $698 million and $1,174 million in Q3 2024.
- Adjusted EPS of $0.75, versus $0.71 in Q3 2024.
- On track to add 3.2 GW of new projects in 2025, with a PPA backlog of 11.1 GW (5 GW under construction).
- Reaffirmed 2025 guidance: Adjusted EBITDA $2,650–$2,850 million; Adjusted EBITDA with Tax Attributes $3,950–$4,350 million; Adjusted EPS $2.10–$2.26.
Nov 4, 2025, 9:13 PM
AES announces 240 MW power equipment order
AES
New Projects/Investments
- Atlas Energy Solutions ordered 240 MW of power generation equipment, with 4 MW nameplate capacity per engine, from a blue-chip provider; delivery is scheduled for late 2026.
- The order aims to evolve AES’s power business into a long-term power solutions provider serving a diversified customer base.
- AES expects to deploy 400 MW of capacity by early 2027—primarily under long-term contracts—and anticipates this first behind-the-meter order will be the first of several.
Nov 3, 2025, 9:18 PM
AES Corp considers sale amid major investor interest
AES
M&A
Takeover Bid
- AES is exploring strategic options, including a potential sale, amid strong interest from major private equity and infrastructure firms.
- Shares have fallen 38% over the past year and lost half their market value in two years, yet jumped 13% in after-hours trading on the news.
- Analysts’ average price target is $13.66 (≈ 23% upside), while GuruFocus metrics imply up to 68% upside.
- Q1 2025 adjusted EBITDA was $591 million, adjusted EPS $0.27, with $1.4 billion planned capex and $150 million in expected cost savings for 2025.
Jul 8, 2025, 10:23 PM
AES Corp impacted by GOP budget bill clean energy provisions
AES
New Projects/Investments
- The reconciliation bill would require clean energy projects to be placed in service by end of 2027 instead of merely beginning construction, potentially delaying or derailing AES’s pipeline of large-scale projects.
- It introduces a new tax on projects that use components from China, which could increase costs for AES given its equipment sourcing.
- Industry group American Clean Power warns of up to $450 billion in lost clean energy investment, signaling a significant slowdown risk for AES’s growth plans.
Jun 30, 2025, 3:33 PM
Quarterly earnings call transcripts for AES.
Ask Fintool AI Agent
Get instant answers from SEC filings, earnings calls & more