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

14.89 0.00 0.00%
Market cap
$10.6B
P/E
6.0×
Fwd P/E
7.3×
Dividend yield
4.73%
F-score
4/9
Altman Z
0.36
Beneish M
−2.80
Dividend safety
16/100

The AES Corporation 10-Q filed Nov 4, 2025

Fiscal Q3 2025 · Period ended Sep 30, 2025 · Filed · accepted 4:10 PM ET · Document on sec.gov · Filing index

What changed

Part I, Item 2, Management’s Discussion and Analysis, against the 10-Q filed Aug 1, 2025: 70 added · 51 removed · 150 modified; 32 with only figures updated; 2 moved without change

  1. Removed · Executive Summary

    Compared with last year, second quarter net income decreased $303 million, from $153 million to a net loss of $150 million. This decrease is primarily due to higher income tax expense, day-one losses on the commencement of sales type leases at AES Clean Energy Development, and lower earnings from the Energy Infrastructure SBU due to higher prior year revenues from the monetization of the Warrior Run coal plant PPA and prior year unrealized derivative gains; partially offset by the derecognition of a valuation allowance on the loan receivable upon reclassifying Mong Duong from held-for-sale to held and used, and higher contributions from renewables projects placed in service in the current year.