Inferra AI / Company / AES
AES Corporation
AES · Utilities
Last earnings Nov 4, 2025
Key results
GAAP Financial Metrics net incomequarter
$517 million
GAAP Financial Metrics Net Income of $517 million, compared to $215 million in Q3 2024 Net Income Attributable to The AES Corporation of $639 million, compared to $504 million in Q3 2024
SEC original ↗AES Corporation — Earnings release (8-K exhibit)EX-99Nov 4, 2025
EPSquarter
$0.94
Diluted EPS of $0.94, compared to $0.72 in
SEC original ↗AES Corporation — Earnings release (8-K exhibit)EX-99Nov 4, 2025
Net incomequarter
$517 million
Net Income was $517 million, an increase of $302 million compared to third quarter 2024, primarily due to higher income tax benefit mainly driven by tax credit transfers, higher margins from new projects in the Renewables Strategic Business Unit (SBU)
SEC original ↗AES Corporation — Earnings release (8-K exhibit)EX-99Nov 4, 2025
Third quarter 2025 Diluted Earnings Per Share from Continuing Operations (Diluted EPS) was $0.94, an increase of $0.22 compared to third quarter 2024, mainly driven by higher income tax benefit, higher contributions from new projects in the Renewables SBU, and higher retail margin at the Utilities SBU, partially offset by lower realized tax attributes at the Renewables SBU due to timing of tax attribute recognition and lower other income, and lower interest income.
SEC original ↗AES Corporation — Earnings release (8-K exhibit)EX-99Nov 4, 2025
EPSQ3 2025
$0.94
The Company reported diluted earnings per share of $0.94 and $0.86 for the three and nine months ended September 30, 2025, respectively.
SEC original ↗AES Corporation — Earnings release (8-K exhibit)EX-99Nov 4, 2025
EPSytd
$0.86
The Company reported diluted earnings per share of $0.94 and $0.86 for the three and nine months ended September 30, 2025, respectively.
SEC original ↗AES Corporation — Earnings release (8-K exhibit)EX-99Nov 4, 2025
AI analysis
Q3 2025 · reported Nov 4, 2025
Based on: Earnings release + parent 8-K — transcript not held
Headline figures
| Metric | Q3 2025 | Prior qtr | Year ago |
|---|---|---|---|
| GAAP Financial Metrics net income | $517 million | — | $215 million |
| EPS | $0.94 | — | — |
| Net income | $517 million | — | — |
Guidance · company-stated
Direction: Reiterated
“com AES Reports Third Quarter 2025 Results Reaffirms 2025 Guidance and Long-Term Growth Rate Targets Strategic Accomplishments On track to add 3.”
“71 in Q3 2024 Financial Position and Outlook Reaffirming 2025 guidance for Adjusted EBITDA 1 of $2,650 to $2,850 million Reaffirming annualized growth target of 5% to 7% through 2027, off a base of 2023 guidance Reaffirming expectation for 2025 Adjusted EBITDA with Tax Attributes 1,2 of $3,950 to $4,350 million Reaffirming 2025 guidance for Adjusted EPS 3 of $2.”
“26 Reaffirming annualized growth target of 7% to 9% through 2025, off a base of 2020 and 7% to 9% through 2027, off a base of 2023 guidance ARLINGTON, Va.”
“We are reaffirming our 2025 guidance and long-term growth rate targets through 2027, said Stephen Coughlin, AES Executive Vice President and Chief Financial Officer.”
“Guidance and Expectations 4,6 The Company is reaffirming its 2025 guidance for Adjusted EBITDA 4 of $2,650 to $2,850 million.”
“The Company is reaffirming its expectation for annualized growth in Adjusted EBITDA 7 of 5% to 7% through 2027, from a base of its 2023 guidance of $2,600 to $2,900 million.”
Classified from the release's primary full-year outlook statement.
Capital allocation
The Company expects to maintain its current quarterly dividend payment of $0.17595 going forward.
Event summary
AES Corporation Q3 2025 — GAAP Financial Metrics Net Income of $517 million, compared to $215 million in Q3 2024 Net Income Attributable to The AES Corporation of $639 million, compared to $504 million in Q3 2024
Based on: Earnings release + parent 8-K — transcript not held
Guidance & outlook
Direction: Reiterated
Company outlook: “com AES Reports Third Quarter 2025 Results Reaffirms 2025 Guidance and Long-Term Growth Rate Targets Strategic Accomplishments On track to add 3.”
EPS: “71 in Q3 2024 Financial Position and Outlook Reaffirming 2025 guidance for Adjusted EBITDA 1 of $2,650 to $2,850 million Reaffirming annualized growth target of 5% to 7% through 2027, off a base of 2023 guidance Reaffirming expectation for 2025 Adjusted EBITDA with Tax Attributes 1,2 of $3,950 to $4,350 million Reaffirming 2025 guidance for Adjusted EPS 3 of $2.”
Company outlook: “26 Reaffirming annualized growth target of 7% to 9% through 2025, off a base of 2020 and 7% to 9% through 2027, off a base of 2023 guidance ARLINGTON, Va.”
Company outlook: “We are reaffirming our 2025 guidance and long-term growth rate targets through 2027, said Stephen Coughlin, AES Executive Vice President and Chief Financial Officer.”
Company outlook: “Guidance and Expectations 4,6 The Company is reaffirming its 2025 guidance for Adjusted EBITDA 4 of $2,650 to $2,850 million.”
Company outlook: “The Company is reaffirming its expectation for annualized growth in Adjusted EBITDA 7 of 5% to 7% through 2027, from a base of its 2023 guidance of $2,600 to $2,900 million.”
Company outlook — Reiterated (“Reaffirms”)
“com AES Reports Third Quarter 2025 Results Reaffirms 2025 Guidance and Long-Term Growth Rate Targets Strategic Accomplishments On track to add 3.”
EPS — Reiterated (“Reaffirming”)
“71 in Q3 2024 Financial Position and Outlook Reaffirming 2025 guidance for Adjusted EBITDA 1 of $2,650 to $2,850 million Reaffirming annualized growth target of 5% to 7% through 2027, off a base of 2023 guidance Reaffirming expectation for 2025 Adjusted EBITDA with Tax Attributes 1,2 of $3,950 to $4,350 million Reaffirming 2025 guidance for Adjusted EPS 3 of $2.”
Company outlook — Reiterated (“Reaffirming”)
“26 Reaffirming annualized growth target of 7% to 9% through 2025, off a base of 2020 and 7% to 9% through 2027, off a base of 2023 guidance ARLINGTON, Va.”
Company outlook — Reiterated (“reaffirming”)
“We are reaffirming our 2025 guidance and long-term growth rate targets through 2027, said Stephen Coughlin, AES Executive Vice President and Chief Financial Officer.”
Company outlook — Reiterated (“reaffirming”)
“Guidance and Expectations 4,6 The Company is reaffirming its 2025 guidance for Adjusted EBITDA 4 of $2,650 to $2,850 million.”
Company outlook — Reiterated (“reaffirming”)
“The Company is reaffirming its expectation for annualized growth in Adjusted EBITDA 7 of 5% to 7% through 2027, from a base of its 2023 guidance of $2,600 to $2,900 million.”
EPS — Reiterated (“reaffirming”)
“The Company is reaffirming its 2025 Adjusted EPS 9 guidance of $2.”
EPS — Reiterated (“reaffirming”)
“The Company is also reaffirming its annualized growth target for Adjusted EPS 8 of 7% to 9% through 2027, from a base of its 2023 guidance of $1.”
Classified from the release's primary full-year outlook statement.
Capital allocation
The Company expects to maintain its current quarterly dividend payment of $0.17595 going forward.
SEC original ↗AES Corporation — Earnings release (8-K exhibit)EX-99Nov 4, 2025
We are also on track with our $1.4 billion 2025 capex plan at our US utilities, which will deliver important upgrades to our customers.
SEC original ↗AES Corporation — Earnings release (8-K exhibit)EX-99Nov 4, 2025
Factors in this determination include the variability due to unrealized gains or losses pertaining to derivative transactions, equity securities, or financial assets and liabilities remeasurement, unrealized foreign currency gains or losses, losses due to impairments, strategic decisions to dispose of or acquire business interests, retire debt, or implement restructuring initiatives, and the variability of allocations of earnings to tax equity investors, which affect results in a given period or periods.
SEC original ↗AES Corporation — Earnings release (8-K exhibit)EX-99Nov 4, 2025
Factors in this determination include the variability due to unrealized gains or losses pertaining to derivative transactions, equity securities, or financial assets and liabilities remeasurement, unrealized foreign currency gains or losses, losses due to impairments, and strategic decisions to dispose of or acquire business interests, retire debt, or implement restructuring initiatives, which affect results in a given period or periods.
SEC original ↗AES Corporation — Earnings release (8-K exhibit)EX-99Nov 4, 2025
(12) Amount primarily relates to losses incurred at AES Andes due to early retirement of debt $29 million, or $0.04 per share, and costs incurred due to troubled debt restructuring at Puerto Rico of $20 million, or $0.03 per share.
SEC original ↗AES Corporation — Earnings release (8-K exhibit)EX-99Nov 4, 2025
Subsidiary Distributions are important to the Parent Company because the Parent Company is a holding company that does not derive any significant direct revenues from its own activities but instead relies on its subsidiaries business activities and the resultant distributions to fund the debt service, investment and other cash needs of the holding company.
SEC original ↗AES Corporation — Earnings release (8-K exhibit)EX-99Nov 4, 2025
Strategy & priorities
I am very pleased with our performance year-to-date, which has us on track to achieve all of our financial and strategic objectives.
SEC original ↗AES Corporation — Earnings release (8-K exhibit)EX-99Nov 4, 2025
Q3 2025 Financial Results Third quarter 2025 Net Income was $517 million, an increase of $302 million compared to third quarter 2024, primarily due to higher income tax benefit mainly driven by tax credit transfers, higher margins from new projects in the Renewables Strategic Business Unit (SBU), and an increase in rider revenues due to revised rates at AES Indiana and AES Ohio in the Utilities SBU.
SEC original ↗AES Corporation — Earnings release (8-K exhibit)EX-99Nov 4, 2025
Strategic Accomplishments The Company's backlog, which consists of projects with signed contracts, but which are not yet operational, is 11.1 GW, including 5 GW under construction.
SEC original ↗AES Corporation — Earnings release (8-K exhibit)EX-99Nov 4, 2025
Our diverse workforce is committed to continuous innovation and operational excellence, while partnering with our customers on their strategic energy transitions and continuing to meet their energy needs today.
SEC original ↗AES Corporation — Earnings release (8-K exhibit)EX-99Nov 4, 2025
Factors in this determination include the variability due to unrealized gains or losses pertaining to derivative transactions, equity securities, or financial assets and liabilities remeasurement, unrealized foreign currency gains or losses, losses due to impairments, strategic decisions to dispose of or acquire business interests, retire debt, or implement restructuring initiatives, and the variability of allocations of earnings to tax equity investors, which affect results in a given period or periods.
SEC original ↗AES Corporation — Earnings release (8-K exhibit)EX-99Nov 4, 2025
Risks & headwinds
Actual results could differ materially from those projected in our forward-looking statements due to risks, uncertainties and other factors.
SEC original ↗AES Corporation — Earnings release (8-K exhibit)EX-99Nov 4, 2025
Competitors
Competitors & peers
Named in the company’s own filings
Filings
30 documents- Q3 2026
- 8-KAES
Oct 19, 2026
- Q2 2026
- 8-KAES
Sep 17, 2026
- 8-KAES
Sep 16, 2026
- 8-KAES
Aug 27, 2026
- 8-KAES
Aug 5, 2026
- 10-QAES
Aug 4, 2026
- 8-KAES
Jul 27, 2026
- Q1 2026
- 8-KAES
Jun 26, 2026
- 8-KAES
Jun 16, 2026
- 8-KAES
Jun 12, 2026
- 10-QAES
May 5, 2026
- 8-KAES
Apr 30, 2026
- 8-KAES
Apr 16, 2026
- Q4 2025
- 8-KAES
Mar 19, 2026
- 10-KAES
Mar 2, 2026
- 8-KAES
Mar 2, 2026
- 8-KAES
Jan 16, 2026
- Q3 2025
- 8-KAES
Nov 4, 2025
- 10-QAES
Nov 4, 2025
- Q2 2025
- 10-QAES
Aug 1, 2025
- 8-KAES
Aug 1, 2025
- Q1 2025
- 8-KAES
Jun 2, 2025
- 8-KAES
May 9, 2025
- 8-KAES
May 1, 2025
- 10-QAES
May 1, 2025
- Q4 2024
- 8-KAES
Mar 20, 2025
- 8-KAES
Mar 14, 2025
- 8-KAES
Mar 12, 2025
- 8-KAES
Mar 11, 2025
- 10-KAES
Mar 11, 2025
Earnings releases
3 documentsPresentations
0 documentsNo presentations for AES Corporation are held in this edition of the library.
Transcripts
0 documentsNo transcripts for AES Corporation are held in this edition of the library.
Mentioned by
4 companiesOther tracked companies whose held documents mention AES Corporation by name or ticker. A mention is counted once per document, from the document text the library holds.
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Atlas Energy Solutions Inc. (AESI)
“vestments at investment levels and rates of return consistent with prior experience.… The AES Corporation Data Centers & Demand for Renewable Energy January 18, 2024 CONTAINS FORWARD-LOOKING STATEMENTS Safe Harbor… …corporates1 →International pre”
“egative WC Working… …Urban renovation of Colon Port of Rodman Transistmica Ave. expansion AES Colon electricity project Chinandega–Guasaule road Mulukuku–Siauna road Bluefields–Naciones Unidas road Industrial and Commercial works… …system that ensure”
“n rapidly proliferating cancer cells as well as stimulating an enhanced… …Study – French. AES 2025. Poster #3.356. Opakalim Azetukalner Dizziness Headache Somnolence Fall Memory impairment Weight gain Gait disturbance Seizure/change in seizure Fatigu”
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