AES Corp. backs 2023 adjusted EPS $1.65-$1-75, consensus $1.71

Growth in 2023 is expected to be primarily driven by new renewables expected to come online. This growth is expected to be partially offset by lower margins from the company’s LNG business. Reaffirms annualized growth target for Adjusted EPS of 6%-8% through 2027, from a base of its reaffirmed 2023 guidance of $1.65-$1.75. The company is also reaffirming its annualized growth target for Adjusted EPS of 7%-9% through 2025, from a base year of 2020.