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Sep 30, 2022
AES Q3 2022 Earnings Report
Reported financial results for the quarter ended September 30, 2022.
Key Takeaways
AES Corporation reported strong year-to-date performance and expects full year Adjusted EPS to be at or near the high end of its guidance range of $1.55 to $1.65. The company's renewables business continues to grow, with 500 MW of projects completed and 1.6 GW of new long-term contracts signed. AES is well-positioned to continue delivering attractive returns to shareholders with a global pipeline of 64 GW and the recent enactment of the Inflation Reduction Act (IRA) in the United States.
Q3 2022 Diluted EPS of $0.59, compared to $0.48 in Q3 2021.
Q3 2022 Adjusted EPS of $0.63, compared to $0.50 in Q3 2021.
Signed 3.2 GW of PPAs for new renewable energy projects in year-to-date 2022, including 1.6 GW since the Company's second quarter earnings call in August, bringing backlog to 11.2 GW.
Increased pipeline of potential future projects to 64 GW, 80% of which is in the United States.
Forward Guidance
The Company now expects full year 2022 Adjusted EPS to be at or near the high end of its guidance range of $1.55 to $1.65. The Company is reaffirming 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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