AES Corp
NYSE:AES

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AES Corp
NYSE:AES
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Price: 13.92 USD -0.07% Market Closed
Market Cap: 9.9B USD

AES Corp
Investor Relations

AES Corporation, founded in 1981, has journeyed from a modest start-up to a global leader in the energy sector. Originating with a vision to provide reliable electricity, AES has consistently innovated to meet the evolving needs of the energy market. The company operates in over 15 countries, with its portfolio spanning various continents, delivering energy solutions that range from traditional sources like coal and natural gas to burgeoning renewable resources like wind, solar, and battery storage. Such diversification positions AES to not only mitigate risks but also to tap into a broad spectrum of opportunities within the shifting global energy landscape.

The company's business model is anchored in its ability to generate and distribute electricity while continuously investing in smart grid technologies and sustainable energy solutions. AES generates revenue through long-term contracts for electricity supply and direct sales to both industrial and residential customers. By incorporating innovative technologies, such as battery storage and digital platforms, the company enhances energy reliability and efficiency, thus creating additional revenue streams. AES's emphasis on sustainable practices and its strategic pivot towards renewables not only aligns it with global environmental goals but also bolsters its competitive edge in an industry increasingly mindful of environmental impacts.

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Last Earnings Call
Fiscal Period
Q3 2025
Call Date
Nov 5, 2025
AI Summary
Q3 2025

Guidance Reaffirmed: AES reaffirmed its full-year 2025 guidance for adjusted EBITDA, adjusted EPS, and parent free cash flow, and also kept its long-term 5%–7% adjusted EBITDA growth target through 2027.

Strong Renewables Growth: Renewables EBITDA grew 46% year-to-date, driven by 3 GW of new capacity and larger, higher-return projects; renewables capacity is nearly 60% higher than two years ago.

Data Center Demand: AES is seeing strong demand from data center customers, with 2.2 GW of new PPAs signed year-to-date and a minimum of 4 GW expected for the full year.

Cost Savings Progress: AES has realized most of its $150M 2025 cost savings goal and is on track for a $300M annual run rate by 2026.

No Equity Issuance Planned: Management stated the company is self-funded through 2027 with no plans to issue new equity, and remains focused on maintaining investment-grade credit ratings.

Utility Rate Cases: Progress continues on Indiana and Ohio regulatory filings; in Indiana, a partial settlement was filed and AES expects rates to remain below state averages.

Capital Allocation: Over $500M will be returned to shareholders in dividends in 2025, with $1.8B earmarked for growth investments and $400M in subsidiary debt repaid.

Key Financials
Adjusted EBITDA
$830 million
Adjusted EPS
$0.75 per share
Renewables EBITDA Growth
46% growth year-to-date
PPAs Signed Year-To-Date
2.2 gigawatts
Construction Projects Completed Year-To-Date
2.9 gigawatts
Annual Revenue Increase (AES Ohio Distribution Settlement)
$168 million
Return on Equity (Ohio Distribution Settlement)
nearly 10%
Dividend Return to Shareholders
over $500 million (expected for 2025)
Investments Toward Growth
$1.8 billion (expected for 2025)
Subsidiary Debt Repaid
$400 million (approximate, 2025)
Earnings Call Recording
Other Earnings Calls

Management

Mr. Andres Ricardo Gluski Weilert Ph.D.
President, CEO & Director
No Bio Available
Ms. Letitia D. Mendoza
Executive VP & Chief Human Resources Officer
No Bio Available
Mr. Bernerd Da Santos
Executive VP & President of Renewables
No Bio Available
Mr. Juan Ignacio Rubiolo
Executive VP & President of Energy Infrastructure
No Bio Available
Mr. Ricardo Manuel Falu
Executive VP, COO & President of New Energy Technologies
No Bio Available
Ms. Sherry L. Kohan
Senior VP & Chief Accounting Officer
No Bio Available
Mr. Joel William Abramson
Senior Vice President of Mergers & Acquisitions
No Bio Available
Mr. Kenneth Joseph Zagzebski
Senior VP & President of Utilities
No Bio Available
Mr. Chris Shelton
Senior VP, Chief Product Officer & President of AES Next
No Bio Available
Mr. Gustavo Garavaglia
VP & CFO of US Utilities
No Bio Available

Contacts

Address
VIRGINIA
Arlington
4300 Wilson Blvd
Contacts
+17035221315.0
www.aes.com