Overview

* AES Q3 2025 revenue beats analyst expectations, adjusted EPS slightly misses estimates

* Net income for Q3 2025 increased to $517 mln, driven by higher income tax benefit

* AES ( AES ) reaffirms 2025 guidance and long-term growth targets through 2027

Outlook

* AES ( AES ) reaffirms 2025 Adjusted EBITDA guidance of $2,650 to $2,850 mln

* Company maintains 2025 Adjusted EPS guidance of $2.10 to $2.26

* AES ( AES ) expects annualized growth of 5% to 7% in Adjusted EBITDA through 2027

Result Drivers

* RENEWABLES CONTRIBUTION - Higher margins from new projects in the Renewables SBU significantly boosted results

* RATE REVISIONS - Increased rider revenues due to revised rates at AES Indiana and AES Ohio contributed to higher earnings

* LOWER GENERATION - Results were partially offset by lower generation at the Energy Infrastructure SBU and the sale of AES Brasil

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat $3.35 $3.22

Revenue bln bln (5

Analysts

)

Q3 Miss $0.75 $0.76 (8

Adjusted Analysts

EPS )

Q3 EPS $0.94

Q3 Net $517 mln

Income

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 8 "strong buy" or "buy", 5 "hold" and 2 "sell" or "strong sell"

* The average consensus recommendation for the electric utilities peer group is "buy."

* Wall Street's median 12-month price target for AES Corp ( AES ) is $15.00, about 9.2% above its November 3 closing price of $13.62

* The stock recently traded at 6 times the next 12-month earnings vs. a P/E of 6 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)