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Mar 31, 2021

AES Q1 2021 Earnings Report

Reported financial results for the quarter ended March 31, 2021.

Key Takeaways

AES Corporation reported a diluted EPS of ($0.22) and an adjusted EPS of $0.28 for Q1 2021. The company signed 1,088 MW of new PPAs for renewables and energy storage and secured a 20-year agreement for 34 TBTU of excess LNG throughput capacity in Central America. AES reaffirmed its 2021 adjusted EPS guidance and average annual growth target through 2025.

Signed 1,088 MW of new PPAs for renewables and energy storage.

Secured a 20-year agreement for 34 TBTU of excess LNG throughput capacity in Central America.

Fluence maintained its global lead in the energy storage market.

Reaffirming 2021 Adjusted EPS guidance range of $1.50 to $1.58 and 7% to 9% average annual growth target through 2025.

Total Revenue
$2.64B
Previous year: $2.34B
+12.7%
EPS
$0.28
Previous year: $0.29
-3.4%
Gross Profit
$664M
Previous year: $507M
+31.0%
Cash and Equivalents
$1.89B
Previous year: $1.54B
+22.2%
Free Cash Flow
-$179M
Previous year: -$203M
-11.8%
Total Assets
$35.2B
Previous year: $34.1B
+3.1%

AES

AES

AES Revenue by Segment

AES Revenue by Geographic Location

Forward Guidance

The Company is reaffirming its 2021 Adjusted EPS1 guidance of $1.50 to $1.58 and its 7% to 9% average annual growth rate target through 2025, from a base year of 2020.

Revenue & Expenses

Visualization of income flow from segment revenue to net income