Q3 2025 AES Corp Earnings Call Transcript

Nov 5, 2025 / 03:00 PM GMT

Release Date Price: €12.06 (+2.52%)

Transcript 8-K10-Q

Key Points

Positve

The AES Corp (AES) reaffirmed its full-year 2025 guidance and long-term growth rates, indicating strong confidence in its financial outlook.
The company has signed 2.2 gigawatts of new PPAs and expects to sign an additional 1.8 gigawatts by year-end, demonstrating robust demand for its energy solutions.
AES has completed 2.9 gigawatts of construction projects year-to-date and is on track to complete 3.2 gigawatts by the end of the year, showcasing effective project execution.
The renewables segment saw a 46% increase in EBITDA year-to-date, driven by organic growth and economies of scale.
AES maintains a strong balance sheet with investment-grade credit ratings and a robust domestic supply chain, positioning it well for future growth.

Negative

The sale of AES Brazil and sell-downs of AES Ohio and the global insurance business partially offset financial gains.
Higher depreciation and interest expenses impacted adjusted EPS, despite an increase from the previous year.
The company faces challenges with regulatory processes, such as the rate review with the Indiana Utility Regulatory Commission.
There is a noted slowdown in the virtual power plant business, affecting the overall growth trajectory.
The energy infrastructure segment is experiencing a leveling off due to coal retirements and asset sales, which could impact future growth.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

AES.N - AES Corp
Q3 2025 AES Corp Earnings Call
Nov 05, 2025 / 03:00PM GMT

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Presentation
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Unidentified_1 [1]
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Hello, everyone, and thank you for joining the AES Corporation's Q3 2025 Financial Review call. My name is Claire and I will be coordinating your call today. During the presentation, you can register a question by pressing star followed by 1.

If you change your mind, please press star followed by 2.

I will now hand over to Susan Harcourt, Vice President of investor relations from AES to begin. Please go ahead.

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Unidentified_2 [2]
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Thank you, operator. Good morning and welcome to our 3rd quarter 2025 financial review call. Our press release, presentation, and

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