AES (AES 2.05%), a global power company focused on renewable energy and utilities, reported its Q2 2025 results on July 31, 2025. The most notable news was a sharp beat on non-GAAP earnings, with Adjusted EPS (non-GAAP) rising to $0.51, compared to analyst estimates of $0.40. GAAP net results swung to a large loss, mainly due to accounting factors linked to lease arrangements and tax expense. The period (Q1 2025) demonstrated substantial growth in renewables and utilities, with renewables SBU adjusted EBITD ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ______________________________________________________________________________________________ FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended June 30, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number 1-12291 THE AES CORPORATION (Exact name of registrant as specified in it ...

市场表现 - AES公司股价逆市上涨，盘中最高涨幅超过6%，截至美国东部时间下午1:55仍保持1.2%的涨幅 [1][2] - 公司当前股价为13美元，市盈率低于8倍，结合5.4%的股息率和8%的长期增长率预期，估值具有吸引力 [7] 财务业绩 - 第二季度每股收益为0.51美元，超出市场预期的0.40美元，但营收仅为29亿美元未达预期 [2] - 按GAAP准则计算，公司实际每股亏损0.15美元，主要由于清洁能源开发部门的销售型租赁业务亏损 [4][5] - 能源基础设施战略业务单元利润率下降及Warrior Run燃煤电厂PPA货币化也对业绩产生负面影响 [5] 盈利预测 - 公司给出2023年调整后每股收益指引为2.10-2.26美元，但分析师预计GAAP准则下实际每股收益不超过1.69美元 [6] - 管理层采用非GAAP指标（调整后收益）进行业绩指引，与GAAP准则下的财务表现存在显著差异 [6] 业务动态 - 公司清洁能源开发部门的销售型租赁业务成为季度亏损主因 [5] - 能源基础设施战略业务单元面临利润率压力，反映行业竞争加剧或成本上升的挑战 [5]

AES (AES) Q2 2025 Earnings Call August 01, 2025 10:00 AM ET Company ParticipantsSusan Harcourt - VP, IRAndrés Gluski - President, CEO & DirectorStephen Coughlin - EVP & CFORicardo Manuel Falú - EVP, Chief Operating Officer & President - New Energy Technologies SBURichard Sunderland - Equity Research - North American Utilities & PowerMichael Sullivan - Director - Equity ResearchDavid Arcaro - Executive Director - Equity ResearchConference Call ParticipantsNone - AnalystJulien Dumoulin-Smith - II-Ranked & 'Ha ...

Key Takeaways AES posted Q2 adjusted EPS of 51 cents, beating estimates and rising 34.2% year over year.Q2 revenues fell 3% year over year to $2.86B, missing estimates by nearly 13%. AES secured 1.6 GW of PPAs with data centers, growing its total backlog to 12 GW.The AES Corporation’s (AES) second-quarter 2025 adjusted earnings of 51 cents per share surpassed the Zacks Consensus Estimate of 39 cents by 30.8%. The bottom line also improved 34.2% from 38 cents in the year-ago quarter.The increase in adjusted ...

AES (AES) Q2 2025 Earnings Call August 01, 2025 10:00 AM ET Speaker0Hello, everyone, and welcome to the AES Corporation Second Quarter twenty twenty five Financial Review Call. My name is Emily, and I'll be coordinating your call today. After the presentation, you will have the opportunity to ask any questions, which you can do so by pressing star followed by the number one on your telephone keypad. I would now like to turn the call over to Susan Harcourt, Vice President of Investor Relations. Susan, please ...

The AES Corporation Second Quarter 2025 Financial Review CONTAINS FORWARD-LOOKING STATEMENTS August 1, 2025 Safe Harbor Disclosure Certain statements in the following presentation regarding AES' business operations may constitute "forward-looking statements." Such forward-looking statements include, but are not limited to, those related to future earnings, growth and financial and operating performance. Forward-looking statements are not intended to be a guarantee of future results, but instead constitute A ...

Press Release Investor Contact: Susan Harcourt 703-682-1204, susan.harcourt@aes.com Media Contact: Amy Ackerman 703-682-6399, amy.ackerman@aes.com AES Reports Second Quarter 2025 Results; On Track to Deliver on 2025 Guidance and Long-Term Targets Second Quarter 2025 Renewables SBU Adjusted EBITDA Grew 56% Versus Second Quarter 2024 Strategic Accomplishments Q2 2025 Financial Highlights Financial Position and Outlook ARLINGTON, Va., July 31, 2025 – The AES Corporation (NYSE: AES) today reported financial res ...

战略成就 - 公司拥有多元化运营组合、12GW长期PPA储备以及成熟的国内供应链，处于独特优势地位 [2] - 自5月第一季度业绩公布以来，公司已签署1.6GW数据中心PPA，成为市场增长最快领域的领导者 [2] - 可再生能源战略业务单元(SBU)的调整后EBITDA同比增长56%，显示2025年第二季度取得显著进展 [2] 2025年第二季度财务亮点 - 净亏损1.5亿美元，较2024年第二季度1.53亿美元净利润下降4.53亿美元 [3] - 调整后EBITDA(非GAAP指标)为6.81亿美元，较2024年同期增加2300万美元 [4] - 含税属性的调整后EBITDA为10.57亿美元，同比增加2.08亿美元 [5] - 持续经营稀释每股收益(EPS)为-0.15美元，同比下降0.54美元 [6] - 调整后EPS为0.51美元，同比增加0.13美元 [7] 财务状况与展望 - 重申2025年调整后EBITDA指引为26.5-28.5亿美元 [8] - 预计2023-2027年调整后EBITDA年化增长率为5%-7% [9] - 重申2025年含税属性的调整后EBITDA预期为39.5-43.5亿美元 [9] - 重申2025年调整后EPS指引为2.10-2.26美元 [10] 运营进展 - 2025年计划新增3.2GW运营项目，已完成1.9GW，剩余1.3GW已完成78% [11] - 自5月第一季度电话会议以来，新签署1.6GW太阳能和风能长期PPA，全部与数据中心公司合作 [11] - PPA储备总量达12GW，其中5.2GW正在建设中 [11] - AES印第安纳公司向印第安纳公用事业监管委员会(IURC)提交了监管费率审查申请 [11] 业务单元表现 - 可再生能源SBU收入6.44亿美元，公用事业SBU收入9.54亿美元，能源基础设施SBU收入13.06亿美元 [24] - 可再生能源SBU调整后EBITDA增长主要来自新投运项目的收入增加以及哥伦比亚去年停运的影响 [4] - 能源基础设施SBU盈利下降主要由于去年Warrior Run煤电厂PPA货币化带来的高基数收入 [3] 现金流与投资 - 2025年第二季度运营现金流9.76亿美元，投资现金流-16亿美元，融资现金流1.45亿美元 [27] - 母公司流动性包括母公司及QHCs现金9亿美元，信贷额度可用资金21.85亿美元，总流动性21.94亿美元 [40] - 过去四个季度子公司向母公司及QHCs分配总额达17.81亿美元 [40]

Key Takeaways AES will report Q2 2025 results on July 31, with EPS expected to rise 13.2% year over year.Extreme weather might have hurt revenues and raised restoration costs for AES in the quarter.Positive rate outcomes and growing energy demand from data centers may aid AES' overall Q2 results.The AES Corporation (AES) is scheduled to release second-quarter 2025 results on July 31, 2025, after market close.The company delivered a negative earnings surprise of 27.03% in the last reported quarter. However, ...