AES (NYSE:AES) Q3 2025 Earnings Call November 05, 2025 10:00 AM ET Speaker0Hello, everyone, and thank you for joining the AES Corporation's Q3 twenty twenty five Financial Review Call. My name is Claire, and I will be coordinating your call today. I will now hand over to Susan Hartcourt, Vice President of Investor Relations from AES to begin. Please go ahead.Speaker1Thank you, operator. Good morning, and welcome to our third quarter twenty twenty five financial review call. Our press release, presentation a ...

The AES Corporation Third Quarter 2025 Financial Review CONTAINS FORWARD-LOOKING STATEMENTS November 5, 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 ...

公司财务表现 - 第二季度调整后EBITDA达46亿加元（33亿美元）同比增长7% [4] - 预计2025年调整后EBITDA增长率将达6%至75%区间上限 [5] - 预计2023至2026年调整后EBITDA年复合增长率达7%-9% 2026年后维持约5%年增长 [9] 业务增长驱动因素 - 收购三家美国天然气公用事业公司推动业绩增长 [4] - 以3亿美元收购Matterhorn Express管道10%权益增强增长动能 [6] - 主要管道系统运输量强劲且美元兑加元汇率有利 [6] - 320亿加元（232亿美元）已获商业担保项目储备将陆续投运至2029年 [8] 投资项目与资本配置 - 批准1亿美元德克萨斯东部传输系统Line 31扩建项目 [7] - 投资3亿加元（218亿美元）扩建Aitken Creek储气设施支持液化天然气行业 [7] - 投资9亿美元建设Clear Fork太阳能项目满足Meta数据中心需求 [7] - 正在推进约500亿加元（362亿美元）跨业务领域开发项目 [11] 现金流与股东回报 - 预计2026年前可分配现金流年复合增长率达3% 后续年增长约5% [9] - 连续30年增加股息 预计未来年度股息增长率可达5% [10] - 近6%股息收益率叠加3%-5%现金流增长 年化总回报率可达10% [12] 战略定位与竞争优势 - 拥有充足财务能力通过增值收购支持增长 资产负债表强劲且股息支付后存在超额自由现金流 [11] - 被首席执行官定位为"首选投资机会" 兼具高股息与丰富增长机遇 [2][12]