AES Corp (AES) stock

AESNYSECogeneration Services & Small Power ProducersFiscal year ends December 31

Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 4, 2026Score 12/3024% below fair value

$14.83−0.22 (-1.46%)

Close on Oct 30, 2026Market cap $10.58BP/E 11.8Yield 4.75%

Earnings

AES's quarterly results as reported in its earnings releases, with the company's own outlook. Hover a number to see the sentence it came from.

Next report

–

Not yet scheduled

Revenue, Q1 FY2025

$3.35B

Adjusted EPS, Q1 FY2025

$0.75

Latest guidance

Raised

Nov 4, 2025 · 7 items

Quarterly results

Revenue and earnings per share from each of AES's earnings releases, newest first

Quarter	Reported	Revenue	YoY	EPS	Adj. EPS	Source
Q1 FY2025ended Sep 30, 2025	Nov 4, 2025during market hours	$3.35B	–	$0.94	$0.75	Release
Q2 FY2025ended Jun 30, 2025	Aug 1, 2025during market hours	$2.86B	-7.5%	-$0.15	$0.51	Release
Q4 FY2024ended Dec 31, 2024	Feb 28, 2025before the open	–	–	–	–	Release
Q3 FY2024ended Sep 30, 2024	Oct 31, 2024during market hours	$3.29B	-4.2%	$0.72	$0.71	Release
Q2 FY2024ended Mar 31, 2024	May 2, 2024during market hours	$3.09B	–	$0.60	$0.50	Release
Q4 FY2023ended Dec 31, 2023	Feb 26, 2024during market hours	–	–	–	–	Release
Q3 FY2023ended Sep 30, 2023	Nov 2, 2023during market hours	$3.43B	-5.3%	$0.32	$0.60	Release
Q1 FY2023ended Mar 31, 2023	May 4, 2023during market hours	$3.24B	+13.6%	$0.21	$0.22	Release
Q4 FY2022ended Dec 31, 2022	Feb 27, 2023before the open	$3.06B	+10.5%	-$1.35	$0.49	Release
Q3 FY2022ended Sep 30, 2022	Nov 4, 2022before the open	$3.63B	+19.5%	$0.59	$0.63	Release
Q2 FY2022ended Jun 30, 2022	Aug 5, 2022before the open	$3.08B	–	-$0.27	$0.34	Release
Q1 FY2022ended Mar 31, 2022	May 5, 2022during market hours	$2.85B	–	$0.16	$0.21	Release
Q4 FY2021ended Dec 31, 2021	Feb 25, 2022after the close	$2.77B	–	-$0.95	$0.45	Release
Q3 FY2021ended Sep 30, 2021	Nov 3, 2021during market hours	$3.04B	–	$0.48	$0.50	Release
Q2 FY2021ended Jun 30, 2021	Aug 5, 2021during market hours	–	–	–	–	Filing
Q1 FY2021ended Mar 31, 2021	May 6, 2021before the open	–	–	–	–	Filing
Q4 FY2020ended Dec 31, 2020	Feb 25, 2021before the open	–	–	–	–	Filing
Q3 FY2020ended Sep 30, 2020	Nov 6, 2020before the open	–	–	–	–	Filing
Q2 FY2020ended Jun 30, 2020	Aug 6, 2020before the open	–	–	–	–	Filing
Q1 FY2020ended Mar 31, 2020	May 7, 2020before the open	–	–	–	–	Filing
Q4 FY2019ended Dec 31, 2019	Feb 28, 2020before the open	–	–	–	–	Filing
Q3 FY2019ended Sep 30, 2019	Nov 6, 2019before the open	–	–	–	–	Filing
Q2 FY2019ended Jun 30, 2019	Aug 6, 2019during market hours	–	–	–	–	Filing
Q1 FY2019ended Mar 31, 2019	May 7, 2019before the open	–	–	–	–	Filing
Q4 FY2018ended Dec 31, 2018	Feb 27, 2019during market hours	–	–	–	–	Filing
Q3 FY2018ended Sep 30, 2018	Nov 6, 2018during market hours	–	–	–	–	Filing

Figures as first announced; later restatements appear under Financials. Expected dates are estimated from the company's past reporting pattern.

Current guidance

AES's latest outlook for periods it has not reported yet, compared with what it said before

Metric	Period	Guidance	Before	Change	Given
Adjusted EBITDAnon-GAAP	FY2025	$2.65B – $2.85B	$2.65B – $2.85B	Lowered	Nov 4, 2025
Adjusted EPSnon-GAAP	FY2025	$2.10 – $2.26	$2.10 – $2.26	Reaffirmed	Nov 4, 2025
annualized Adjusted EPS 1 growth targetnon-GAAP	FY2025	+7% – +9%	+7% – +9%	Reaffirmed	May 2, 2024
annualized growth target for Adjusted EPSnon-GAAP	FY2025	+7% – +9%	+7% – +9%	Reaffirmed	Nov 4, 2025
capex plan at our US utilities	FY2025	$1.40B	–	New	Nov 4, 2025
Adjusted EBITDA with Tax Attributesnon-GAAP	FY2025	$3.95B – $4.35B	–	New	Feb 28, 2025
annualized growth rate targetnon-GAAP	FY2025	+7% – +9%	–	New	May 4, 2023
annualized growth rate target	FY2025	+7% – +9%	+7% – +9%	Reaffirmed	Nov 4, 2022
annualized growth target for Adjusted EPSnon-GAAP	FY2025	+7% – +9%	–	New	Feb 28, 2025
annualized growth target for Adjusted EPSnon-GAAP	FY2025	+7% – +9%	+7% – +9%	Reaffirmed	Feb 26, 2024
signing new renewable contracts	FY2025	14 – 17	–	New	Feb 26, 2024
annualized growth targetnon-GAAP	FY2027	+5% – +7%	–	New	Oct 31, 2024
annualized growth target 2non-GAAP	FY2027	+5% – +7%	–	New	May 2, 2024
annualized Adjusted EPS 1 growth targetnon-GAAP	FY2027	+7% – +9%	–	New	May 2, 2024
annualized growth target for Adjusted EPSnon-GAAP	FY2027	+7% – +9%	+7% – +9%	Reaffirmed	Nov 4, 2025
annualized growth in Adjusted EBITDAnon-GAAP	FY2027	+5% – +7%	+5% – +7%	Reaffirmed	Nov 4, 2025
annualized growth in Adjusted EBITDAnon-GAAP	FY2027	+5% – +7%	+3% – +5%	Lowered	Feb 26, 2024
annualized growth in Adjusted EBITDA 8 is expected to be 17% to 20% through 2027, from a base of 2023 guidancenon-GAAP	FY2027	+17% – +20%	–	Raised	Nov 2, 2023
annualized growth target for Adjusted EPSnon-GAAP	FY2027	+7% – +9%	–	Raised	Feb 28, 2025
annualized growth target for Adjusted EPSnon-GAAP	FY2027	+7% – +9%	+6% – +8%	Lowered	Feb 26, 2024

Guidance history

Every forecast AES put in an earnings release, newest first

Given	Metric	Period	Guidance	Change
Nov 4, 2025	capex plan at our US utilities	FY2025	$1.40B	New
Nov 4, 2025	Adjusted EBITDA	FY2025	$2.65B – $2.85B	Lowered
Nov 4, 2025	Adjusted EBITDA with Tax Attributes	FY2025	$3.95B – $4.35B	Raised
Nov 4, 2025	Adjusted EPS	FY2025	$2.10 – $2.26	Reaffirmed
Nov 4, 2025	annualized growth target for Adjusted EPS	FY2025	+7% – +9%	Reaffirmed
Nov 4, 2025	annualized growth target for Adjusted EPS	FY2027	+7% – +9%	Reaffirmed
Nov 4, 2025	annualized growth in Adjusted EBITDA	FY2027	+5% – +7%	Reaffirmed
Jul 31, 2025	Adjusted EBITDA	FY2025	$2.65B – $2.85B	Reaffirmed
Jul 31, 2025	Adjusted EBITDA with Tax Attributes	FY2025	$3.95B – $4.35B	Raised
Jul 31, 2025	annualized growth target for Adjusted EPS	FY2025	+7% – +9%	Reaffirmed
Jul 31, 2025	Adjusted EPS	FY2025	$2.10 – $2.26	Reaffirmed
Jul 31, 2025	annualized growth target for Adjusted EPS	FY2027	+7% – +9%	Reaffirmed
Jul 31, 2025	annualized growth in Adjusted EBITDA	FY2027	+5% – +7%	Lowered
Feb 28, 2025	Adjusted EBITDA	FY2025	$2.65B – $2.85B	New
Feb 28, 2025	Adjusted EPS	FY2025	$2.10 – $2.26	New
Feb 28, 2025	annualized growth target for Adjusted EPS	FY2025	+7% – +9%	New
Feb 28, 2025	Adjusted EBITDA with Tax Attributes	FY2025	$3.95B – $4.35B	New
Feb 28, 2025	annualized growth in Adjusted EBITDA	FY2027	+5% – +7%	New
Feb 28, 2025	annualized growth target for Adjusted EPS	FY2027	+7% – +9%	Raised
Oct 31, 2024	Adjusted EBITDA with Tax Attributes	FY2024	$3.55B – $3.95B	Raised
Oct 31, 2024	Adjusted EBITDA	FY2024	$2.60B – $2.90B	New
Oct 31, 2024	annualized growth target	FY2027	+5% – +7%	New
Oct 31, 2024	annualized Adjusted EPS 1 growth target	FY2027	+7% – +9%	New
Oct 31, 2024	annualized Adjusted EPS 1 growth target	FY2025	+7% – +9%	New
Oct 31, 2024	Adjusted EPS	FY2024	$1.87 – $1.97	New
May 2, 2024	annualized growth target 2	FY2027	+5% – +7%	New
May 2, 2024	Adjusted EBITDA	FY2024	$2.60B – $2.90B	Lowered
May 2, 2024	Adjusted EBITDA with Tax Attributes	FY2024	$3.55B – $3.95B	Raised
May 2, 2024	Adjusted EPS	FY2024	$1.87 – $1.97	Reaffirmed
May 2, 2024	annualized Adjusted EPS 1 growth target	FY2025	+7% – +9%	Reaffirmed
May 2, 2024	annualized Adjusted EPS 1 growth target	FY2027	+7% – +9%	New
Feb 26, 2024	Adjusted EBITDA with Tax Attributes	FY2024	$3.55B – $3.95B	Raised
Feb 26, 2024	Adjusted EBITDA	FY2024	$2.60B – $2.90B	New
Feb 26, 2024	Adjusted EPS	FY2024	$1.87 – $1.97	New
Feb 26, 2024	annualized growth in Adjusted EBITDA	FY2027	+5% – +7%	Lowered
Feb 26, 2024	dividend growth	annually after 2024	+2% – +3%	–
Feb 26, 2024	new projects	FY2024	3.6	New
Feb 26, 2024	signing new renewable contracts	FY2025	14 – 17	New
Feb 26, 2024	annualized growth target for Adjusted EPS	FY2025	+7% – +9%	Reaffirmed
Feb 26, 2024	annualized growth target for Adjusted EPS	FY2027	+7% – +9%	Lowered
Nov 2, 2023	Adjusted EBITDA	FY2023	$2.60B – $2.90B	New
Nov 2, 2023	Adjusted EPS	FY2023	$1.65 – $1.75	Reaffirmed
Nov 2, 2023	annualized growth target for Adjusted EPS	FY2025	+7% – +9%	Reaffirmed
Nov 2, 2023	annualized growth target for Adjusted EPS	FY2027	+6% – +8%	New
Nov 2, 2023	annualized growth in Adjusted EBITDA	FY2027	+3% – +5%	Lowered
Nov 2, 2023	annualized growth in Adjusted EBITDA 8 is expected to be 17% to 20% through 2027, from a base of 2023 guidance	FY2027	+17% – +20%	Raised
May 4, 2023	Adjusted EPS	FY2023	$1.65 – $1.75	Reaffirmed
May 4, 2023	annualized growth rate target	FY2025	+7% – +9%	New
Feb 27, 2023	Adjusted EPS	FY2023	$1.65 – $1.75	New
Feb 27, 2023	annualized growth rate target	FY2025	+7% – +9%	Reaffirmed
Nov 4, 2022	Adjusted EPS	FY2022	$1.55 – $1.65	Reaffirmed
Nov 4, 2022	annualized growth rate target	FY2025	+7% – +9%	Reaffirmed
Aug 5, 2022	Adjusted EPS	FY2022	$1.55 – $1.65	Reaffirmed
Aug 5, 2022	annualized growth rate target	FY2025	+7% – +9%	Reaffirmed
May 5, 2022	Adjusted EPS	FY2022	$1.55 – $1.65	Reaffirmed
Feb 25, 2022	Adjusted EPS	FY2022	$1.55 – $1.65	New
Feb 25, 2022	annualized growth rate target	FY2025	+7% – +9%	New
Nov 3, 2021	Adjusted EPS	FY2021	$1.50 – $1.58	New
Nov 3, 2021	annualized growth rate target	FY2025	+7% – +9%	New

Read from the company's earnings releases; each figure links to its sentence on hover. “Raised” and “Lowered” compare with the previous range for the same metric and period.