The AES Corporation Earnings Call Transcripts
Fiscal Year 2025
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Q3 saw strong financial performance with 46% renewables EBITDA growth and reaffirmed 2025 guidance. Major investments in renewables and utilities, robust PPA signings, and a secure balance sheet position the company for 5%–7% long-term EBITDA growth through 2027.
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Q2 2025 saw strong financial performance with 56% renewables EBITDA growth and robust demand from data centers. Guidance for 2025 and long-term growth targets were reaffirmed, with a well-protected backlog and major investments in utilities and renewables.
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Q1 2025 results met expectations, with strong renewables growth, reaffirmed guidance, and robust demand from data center and corporate customers. Asset sales and cost savings support a self-funded growth plan, while minimal tariff exposure and regulatory changes in Ohio are seen as positive.
Fiscal Year 2024
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2024 results were impacted by weather and asset sales, but record adjusted EPS and strong cash flow were achieved. 2025 is set for over 60% renewables EBITDA growth, with cost savings and no equity issuance needed. Long-term growth targets and credit metrics are reaffirmed.
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Q3 2024 results were in line with expectations, with strong growth in renewables and U.S. utilities, despite weather-related headwinds in South America. The company reaffirmed 2024 guidance, advanced asset sales, and expects robust growth in 2025 as new capacity comes online.
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Q2 2024 results exceeded expectations, with strong growth in renewables, utilities, and data center partnerships. Guidance for adjusted EBITDA and EPS was raised to the top half of ranges, and a robust project backlog and pipeline support long-term growth.