Aes reports third quarter financial results; completes 1.2 gw of construction and adds 2.2 gw of renewables ppas and data center load growth at us utilities

Reaffirms 2024 guidance and long-term growth rates strategic accomplishments signed or awarded 2.2 gw of new contracts, including long-term renewables ppas and data center load growth at us utilities 1.3 gw of renewables under long-term ppas 900 mw of new data center load growth at aes ohio completed the construction of 1.2 gw; on track to add a total of 3.6 gw of new projects to operations in full year 2024 announced or closed nearly three-quarters of $3.5 billion asset sale proceeds target through 2027 in september, announced a strategic partnership with cdpq to support aes ohio's robust growth plans; agreed to sell a 30% indirect interest for approximately $546 million on october 31, 2024, closed the sale of 47.3% equity interest in aes brasil for approximately $630 million, including sale and hedge proceeds q3 2024 financial highlights gaap financial metrics diluted eps of $0.72, compared to $0.32 in q3 2023 net income of $210 million, compared to $291 million in q3 2023 net income attributable to the aes corporation of $502 million, compared to $231 million in q3 2023 non-gaap adjusted financial metrics adjusted eps1 of $0.71, compared to $0.60 in q3 2023 adjusted ebitda with tax attributes2,3 of $1,168 million, compared to $1,008 million in q3 2023 adjusted ebitda3 of $692 million, compared to $990 million in q3 2023 financial position and outlook reaffirming expectation of achieving upper half of 2024 adjusted eps1 guidance range of $1.87 to $1.97 reaffirming annualized adjusted eps1 growth target of 7% to 9% through 2025, off a base of 2020 and 7% to 9% through 2027, off a base of 2023 guidance reaffirming 2024 guidance for adjusted ebitda2 of $2,600 to $2,900 million; now expecting to be towards the low end of the range due to extreme weather in colombia and lower margins in the energy infrastructure sbu reaffirming annualized growth target2 of 5% to 7% through 2027, off a base of 2023 guidance reaffirming expectation of achieving upper half of 2024 adjusted ebitda with tax attributes2,3 range of $3,550 to $3,950 million arlington, va. , oct. 31, 2024 /prnewswire/ -- the aes corporation (nyse: aes) today reported financial results for the quarter ended september 30, 2024.
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