AES Q2 2021 Earnings Report
Key Takeaways
AES reported positive financial results for Q2 2021, with diluted EPS of $0.03 and Adjusted EPS of $0.31. The company reaffirmed its 2021 Adjusted EPS guidance and its average annual growth target through 2025.
Received regulatory approvals at US utilities, enabling planned new investments of more than $2 billion to grow the rate base 9% annually through 2025.
Signed 1.8 GW of new PPAs for renewable energy projects, bringing total to 2.9 GW signed in year-to-date 2021 and increasing the backlog to 8.5 GW.
Accelerated decarbonization efforts at AES Andes with the voluntary retirement of an additional 1.1 GW of coal in Chile, to be replaced by 2.3 GW of contracted renewables.
Moody's changed the outlook on the Company's Ba1 credit rating to positive.
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