AES Corp. reports Q2 adjusted EPS 38c, consensus 37c

Reports Q2 revenue $2.94B, consensus $3.19B. “AES had another strong quarter, extending our leadership in supplying renewable energy solutions to data centers, and we are on track to meet all of our strategic and financial objectives,” said Andres Gluski, AES President and Chief Executive Officer. “Since our last call, we signed 2.2 GW of new agreements with data center hyperscalers, and our backlog of signed Power Purchase Agreements is now 12.6 GW, the majority of which will be completed by 2027. AES’ continued success in meeting the clean energy needs of its key corporate customers makes our business model highly resilient and ensures strong growth for years to come.” “I’m very excited about AES’ continued success in the second quarter. Our construction program is solidly on track, we signed record sales with data centers, and our year-to-date Adjusted EPS more than doubled compared to last year,” said Stephen Coughlin, AES Executive Vice President and Chief Financial Officer. “As a result of our strong performance year-to-date and our outlook for the remainder of the year, we now expect our 2024 Adjusted EBITDA with Tax Attributes and Adjusted EPS to be in the upper half of our ranges.”