The earnings call showcased strong growth and positive developments in AES's renewables and utilities sectors, with significant new project additions and robust financial performance. While there were some impacts from asset sales and higher interest expenses, the overall trajectory and reaffirmation of guidance points to a strong outlook.

Company Guidance -

Q3 2025

During the AES Corporation's second quarter 2025 financial review call, the company reaffirmed its 2025 guidance and long-term growth targets, highlighting key financial metrics. They reported an adjusted EBITDA of $681 million and an adjusted EPS of $0.51 for the quarter. The renewables segment saw significant growth, with adjusted EBITDA rising by 56% to $240 million, driven by the addition of 3.2 gigawatts of new projects over the past year. AES completed 1.9 gigawatts of construction year-to-date and is 80% complete on the remaining 1.3 gigawatts, with plans to bring a total of 3.2 gigawatts online in 2025. They also emphasized their strong position in the data center market, having signed 1.6 gigawatts of new PPAs, including 650 megawatts with Meta, bringing their backlog to 12 gigawatts. The company is confident in its ability to achieve its financial objectives, supported by a robust renewables pipeline and a strategy centered on meeting customer needs while navigating changes in U.S. policy. AES reaffirmed its 2025 adjusted EBITDA guidance of $2.65 billion to $2.85 billion, with an expected adjusted EPS of $2.10 to $2.26, and emphasized its ongoing investment in renewables and utilities to drive future growth.

Renewables SBU Growth

The Renewables Strategic Business Unit (SBU) reported a significant 56% increase in adjusted EBITDA for the second quarter, reaching $240 million due to the addition of 3.2 gigawatts of new projects.

Record Project Backlog

AES reported a 12 gigawatt backlog of signed Power Purchase Agreements (PPAs), with 1.6 gigawatts signed this quarter alone, including a significant agreement with Meta. This solidifies AES's position as a leading provider of renewables to data centers.

Strong Financial Performance

AES achieved an adjusted EBITDA of $681 million in Q2 2025, up from $658 million the previous year, and an adjusted EPS of $0.51, marking a 34% increase from $0.38 in the prior year.

Utilities Investment Program

AES is executing the largest investment program in AES Indiana and AES Ohio's history, with $1.4 billion planned for 2025. This includes projects like the Pike County energy storage project and the Petersburg Energy Center.

Forward Guidance Reaffirmed

AES reaffirmed its 2025 guidance for adjusted EBITDA of $2.65 billion to $2.85 billion and EPS guidance of $2.10 to $2.26, driven by strong performance in renewables and utilities.

AES (AES) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

AES Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 30, 2025	2025 (Q3)	0.73 / -	0.71	―	―	―
Jul 31, 2025	2025 (Q2)	0.40 / 0.51	0.38	34.21% (+0.13)
May 01, 2025	2025 (Q1)	0.35 / 0.27	0.5	-46.00% (-0.23)
Feb 28, 2025	2024 (Q4)	0.35 / 0.54	0.73	-26.03% (-0.19)
Oct 31, 2024	2024 (Q3)	0.59 / 0.71	0.6	18.33% (+0.11)
Aug 01, 2024	2024 (Q2)	0.36 / 0.38	0.21	80.95% (+0.17)
May 02, 2024	2024 (Q1)	0.34 / 0.50	0.22	127.27% (+0.28)
Feb 26, 2024	2023 (Q4)	0.67 / 0.73	0.49	48.98% (+0.24)
Nov 02, 2023	2023 (Q3)	0.54 / 0.60	0.63	-4.76% (-0.03)
Aug 03, 2023	2023 (Q2)	0.22 / 0.21	0.34	-38.24% (-0.13)

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

AES Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 31, 2025	$12.97	$13.23	+2.00%
May 01, 2025	$9.82	$10.04	+2.24%
Feb 28, 2025	$10.06	$11.23	+11.63%
Oct 31, 2024	$15.57	$14.04	-9.83%

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.

FAQ

When does AES Corp (AES) report earnings?

AES Corp (AES) is schdueled to report earning on Oct 30, 2025, Before Open (Confirmed).

What is AES Corp (AES) earnings time?

AES Corp (AES) earnings time is at Oct 30, 2025, Before Open (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 2025 (Q3) is 0.73.

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