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
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.