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AES Corp (AES)
NYSE:AES
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Earnings Data
Report Date
Mar 03, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.42Last Year’s EPS
$0.73Same Quarter Last Year
Moderate Buy
Based on 11 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 31, 2024
|% Change Since: -20.33%
|Next Earnings Date:Mar 03, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted significant growth in new contracts and investments, particularly in renewables and U.S. utilities, alongside strategic asset sales. However, financial performance was negatively impacted by severe weather conditions in South America and lower margins in the energy infrastructure segment. The overall sentiment reflects optimism for future growth but acknowledges current financial challenges.Company Guidance
During the AES Corporation's Q3 2024 earnings call, the company revealed a series of financial metrics and strategic developments. AES reported an adjusted EBITDA with tax attributes of approximately $1.2 billion for the quarter, while adjusted EPS stood at $0.71. The company maintained its 2024 guidance, expecting to be in the top half of its ranges for adjusted EBITDA with tax attributes and adjusted EPS, despite anticipating adjusted EBITDA to be towards the low end due to adverse weather impacts in Colombia. AES announced the signing or awarding of 2.2 gigawatts of new contracts and an addition of 1.3 gigawatts of new PPAs to its backlog, bringing the year-to-date total to 3.5 gigawatts. The company's construction progress included 1.2 gigawatts of new projects completed, totaling 2.8 gigawatts year-to-date. AES is on track with its asset sale program, having signed or closed agreements for over 75% of its $3.5 billion target through 2027. The company also highlighted its robust supply chain management and its strategic positioning in renewable energy supply for data centers and mining companies.New Contracts and Growth in Renewables
Since the last call in August, AES has signed or been awarded 2.2 gigawatts of new contracts, including long-term renewable PPAs and new data center load growth at U.S. utilities.
Significant Increase in New PPA Backlog
AES added 1.3 gigawatts of new PPAs to its backlog, bringing the year-to-date total to 3.5 gigawatts, with over 70% being with corporate customers.
Strong U.S. Utility Investment
AES Indiana and AES Ohio are projecting double-digit rate base growth through 2027, with $1.2 billion invested in both utilities this year, a 60% increase year-over-year.
Asset Sales and Simplification Progress
AES has closed the sale of its equity interest in AES Brazil and signed agreements for over 3/4 of its $3.5 billion asset sale proceeds target through 2027.
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AES Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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AES Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 31, 2024 | $16.32 | $14.71 | -9.87% |
| Aug 01, 2024 | $17.72 | $16.95 | -4.35% |
| May 02, 2024 | $18.55 | $18.30 | -1.35% |
| Feb 26, 2024 | $15.09 | $14.65 | -2.92% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does AES Corp (AES) report earnings?
AES Corp (AES) is schdueled to report earning on Mar 03, 2025, TBA Not Confirmed.
What is AES Corp (AES) earnings time?
AES Corp (AES) earnings time is at Mar 03, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is AES EPS forecast?
AES EPS forecast for the fiscal quarter 2024 (Q4) is $0.42.
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