AES Q3 2020 Earnings Report
Key Takeaways
AES reported a diluted EPS of ($0.50) and an adjusted EPS of $0.42 for Q3 2020. The company reaffirmed its 2020 Adjusted EPS guidance range of $1.32 to $1.42 and expects to be at the top end of this range. They also reaffirmed 7% to 9% average annual growth target through 2022.
Attained a second investment grade rating from S&P in November 2020
Retired 1.2 GW of coal in the US and Chile, bringing coal generation to 29% of total generation
Signed or awarded 556 MW of new renewables and energy storage, including 410 MW of Green Blend and Extend, for a total of 2.1 GW in year-to-date 2020
Fluence signed 690 MW in year-to-date 2020, bringing its total delivered or awarded to 2.4 GW
AES
AES
AES Revenue by Segment
AES Revenue by Geographic Location
Forward Guidance
The Company is reaffirming its 2020 Adjusted EPS1 guidance of $1.32 to $1.42 and expects to be in the top end of this range. The Company is also reaffirming its 7% to 9% average annual growth rate target through 2022, from a base year of 2018.
Revenue & Expenses
Visualization of income flow from segment revenue to net income