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Jun 30, 2022
AES Q2 2022 Earnings Report
AES's financial performance reflected resilience amidst a volatile environment, with reaffirmation of 2022 adjusted EPS guidance and progress in renewables growth.
Key Takeaways
AES reported a diluted EPS of ($0.27) and an adjusted EPS of $0.34 for Q2 2022. The company reaffirmed its 2022 adjusted EPS guidance of $1.55 to $1.65 and remains on track to deliver on renewables growth.
Signed or awarded 1.6 GW of PPAs for new renewable energy projects in year-to-date 2022, bringing backlog to 10.5 GW.
Formed the US Solar Buyer Consortium to incentivize manufacturing of up to 7 GW of solar panels in the US beginning in 2024.
On track to complete 6 GW of renewable energy projects globally in 2022 and 2023.
Signed agreements to redirect excess LNG from the Company's business in Panama to international customers through the end of 2022.
Revenue by Segment
Forward Guidance
The Company is reaffirming its 2022 Adjusted EPS1 guidance of $1.55 to $1.65 and its 7% to 9% annualized growth rate target through 2025, from a base year of 2020.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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