AES Corp. backs FY25 adjusted EPS view $2.10-$2.26, consensus $2.15

The Company is reaffirming its 2025 guidance for Adjusted EBITDA 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 coal plant 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 reaffirming its expectation that 2025 Adjusted EBITDA with Tax Attributes of $3,950 to $4,350 million. The Company is reaffirming its 2025 Adjusted EPS guidance 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 coal plant PPA in 2024, asset sales, higher Parent interest, and a higher adjusted tax rate.