AES Corp. sees FY25 adjusted EPS $2.10-$2.26, consensus $2.03

Sees FY25 adjusted EBITDA $3.95B-$4.35B. The company said, “The Company is initiating 2025 guidance for Adjusted EBITDA8 of $2,650 to $2,850 million. Growth in 2025 is expected to be driven by contributions from new renewables projects, rate base growth at the Company’s US utilities, and normalized results in Colombia and Mexico, partially offset by revenues from the monetization of the Warrior Run PPA in 2024 and asset sales. The Company is reaffirming its expectation for annualized growth in Adjusted EBITDA of 5% to 7% through 2027, from a base of its 2023 guidance of $2,600 to $2,900 million. The Company is initiating an expectation for 2025 Adjusted EBITDA with Tax Attributes of $3,950 to $4,350 million. The Company is initiating 2025 guidance for Adjusted EPS of $2.10 to $2.26. Growth in 2025 is expected to be primarily driven by contributions from new renewables projects, rate base growth at the Company’s US utilities, and normalized results in Colombia and Mexico, partially offset by revenues from the monetization of the Warrior Run PPA in 2024, higher Parent interest, and a higher adjusted tax rate. The Company is reaffirming its annualized growth target for Adjusted EPS10 of 7% to 9% through 2025, from a base of 2020. The Company is also reaffirming its annualized growth target for Adjusted EPS of 7% to 9% through 2027, from a base of its 2023 guidance of $1.65 to $1.75.”