Aes achieves 2024 strategic & financial goals

Initiates 2025 guidance and reaffirms long-term growth rate targets 2024 strategic accomplishments signed or awarded 6.8 gw of new contracts, including renewables ppas, data center load growth at us utilities, and retail supply for data centers 4.4 gw of renewables under long-term ppas 2.1 gw of data center growth at aes ohio 310 mw of retail supply to support data centers throughout ohio ranked the #1 provider of clean energy globally to corporations by bloombergnef, representing the third consecutive year as a top seller completed the construction or acquisition of 3.0 gw of renewables primarily in the united states and chile and completed the construction of a 670 mw combined cycle gas plant in panama received approval from the iurc to implement new base rates and an roe of 9.9% at aes indiana including transactions in 2023 and 2024, announced or closed $2.8 billion of $3.5 billion asset sale proceeds target through 2027 2024 financial highlights gaap financial metrics net income of $698 million, compared to net loss of $182 million in 2023 net income attributable to the aes corporation of $1,686 million, compared to $242 million in 2023 diluted eps of $2.37, compared to $0.34 in 2023 non-gaap adjusted financial metrics adjusted ebitda1 of $2,639 million, compared to $2,828 million in 2023 and 2024 guidance of $2,600 to $2,900 million adjusted ebitda with tax attributes1,2 of $3,952 million, compared to $3,439 million in 2023 and 2024 expectation of $3,550 to $3,950 million adjusted eps3 of $2.14, compared to $1.76 in 2023 and 2024 guidance of $1.87 to $1.97 financial position and outlook with 10.0 gw of signed ppas in 2023 and 2024, on track to achieve target of signing 14 to 17 gw in 2023 to 2025 expecting to complete construction of 3.2 gw of new renewables in 2025 initiating 2025 guidance for adjusted ebitda1 of $2,650 to $2,850 million reaffirming annualized growth target of 5% to 7% through 2027, off a base of 2023 guidance initiating expectation for 2025 adjusted ebitda with tax attributes1,2 of $3,950 to $4,350 million initiating 2025 guidance for adjusted eps3 of $2.10 to $2.26 reaffirming annualized 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 arlington, va. , feb. 27, 2025 /prnewswire/ -- the aes corporation (nyse: aes) today reported financial results for the year ended december 31, 2024.
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