The AES Corporation

AES Utilities Utilities Diversified

The AES Corporation’s revenue for fiscal 2025 (year ended December 2025) was $12.2 billion, roughly unchanged from fiscal 2024.

Revenue
+15.6%
EPS
−17.0%
Free cash flow
+39.9%
Total debt
+7.83%

Quarter to September 2026, against a year earlier

14.90 0.00 0.00%
Market cap
$10.6B
P/E
6.0×
Fwd P/E
7.3×
Dividend yield
4.72%
F-score
4/9
Altman Z
0.36
Beneish M
−2.80
Dividend safety
16/100

The AES Corporation (AES) SEC filings, changes and red flags

Red flags

  • Covenant breach

    The AES Corporation’s 10-Q reports a breach of a debt covenant, or a waiver to avoid one

    Some of our subsidiaries are currently in default with respect to all or a portion of their outstanding indebtedness.

    10-Q filed · The filing · sec.gov

  • Auditor’s opinion

    The AES Corporation’s auditor’s report on its 10-K is not a clean opinion, or points to a restatement

    We also have audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States) (PCAOB), the Company's internal control over financial reporting as of December 31, 2024, based on criteria established in Internal Control—Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission (2013 framework), and our report dated March 10, 2025 expressed an adverse opinion thereon.

    10-K filed · The filing · sec.gov

  • Material weakness

    The AES Corporation’s 10-Q reports a material weakness in internal control over financial reporting

    As of the date of the filing of this Quarterly Report on Form 10-Q, our management believes we have made progress toward remediating the underlying causes of the material weakness.

    10-Q filed · The filing · sec.gov

  • Officer departure

    The AES Corporation reported the departure of an officer or director

    8-K filed · The filing · sec.gov

  • Auditor change

    The AES Corporation reported a change of its independent auditor

    8-K filed · The filing · sec.gov

  • Impairment

    The AES Corporation reported a material impairment

    8-K filed · The filing · sec.gov

Filings

Form Period Filed What it reports Flags
10-Q Sep 30, 2026 P1I2: 48 added · 34 removed · 132 modified
P2I1A: 3 modified
Covenant breach
8-K Oct 28, 2026 8.01 Other events
8-K Oct 15, 2026 8.01 Other events
8-K Sep 17, 2026 8.01 Other events
8-K Sep 14, 2026 5.02 Departure or appointment of directors or officers Officer departure
8-K Aug 27, 2026 8.01 Other events
8-K Aug 5, 2026 1.01 Entry into a material definitive agreement; 9.01 Financial statements and exhibits
10-Q Jun 30, 2026 P1I2: 82 added · 22 removed · 97 modified
P2I1A: 3 modified
8-K Jul 21, 2026 4.01 Change in the certifying accountant; 9.01 Financial statements and exhibits Auditor change
8-K Jun 26, 2026 5.07 Submission of matters to a vote of security holders; 7.01 Regulation FD disclosure; 8.01 Other events; 9.01 Financial statements and exhibits
8-K Jun 11, 2026 1.01 Entry into a material definitive agreement; 2.03 Creation of a direct financial obligation; 9.01 Financial statements and exhibits
8-K Jun 12, 2026 8.01 Other events
10-Q Mar 31, 2026 P1I2: 109 added · 163 removed · 136 modified
P2I1A: 11 added
8-K Apr 29, 2026 5.07 Submission of matters to a vote of security holders
8-K Apr 14, 2026 5.02 Departure or appointment of directors or officers
8-K Mar 13, 2026 1.01 Entry into a material definitive agreement; 9.01 Financial statements and exhibits
10-K Dec 31, 2025 1: 58 added · 79 removed · 148 modified
1A: 1 added · 2 removed · 47 modified
7: 87 added · 66 removed · 122 modified
8-K Mar 1, 2026 1.01 Entry into a material definitive agreement; 5.02 Departure or appointment of directors or officers; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits
8-K Jan 16, 2026 2.06 Material impairment; 9.01 Financial statements and exhibits Impairment
8-K Nov 4, 2025 2.02 Results of operations and financial condition; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits
10-Q Sep 30, 2025 P1I2: 70 added · 51 removed · 150 modified
P2I1A: no material changes, the filing says
10-Q Jun 30, 2025 P1I2: 100 added · 32 removed · 122 modified
P2I1A: no material changes, the filing says
8-K Jul 31, 2025 2.02 Results of operations and financial condition; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits
8-K May 1, 2025 2.02 Results of operations and financial condition; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits
10-Q Mar 31, 2025 Material weakness
10-K Dec 31, 2024 Auditor’s opinion
8-K Feb 28, 2025 2.02 Results of operations and financial condition; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits
8-K Oct 31, 2024 2.02 Results of operations and financial condition; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits
10-Q Sep 30, 2024
8-K Aug 1, 2024 2.02 Results of operations and financial condition; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits
10-Q Jun 30, 2024
8-K May 2, 2024 2.02 Results of operations and financial condition; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits
8-K Feb 26, 2024 2.02 Results of operations and financial condition; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits

From the company’s filings on sec.gov. Red flags are raised by rules over the filings’ own data and text; they are not investment advice.