Aes reaffirms 2025 guidance and long-term growth rate targets

Reports first quarter 2025 results in line with expectations strategic accomplishments ppa backlog of 11.7 gw, including 5.3 gw under construction completed the construction of 643 mw of energy storage and solar; on track to add a total of 3.2 gw of new projects to operations in full year 2025 signed or awarded new long-term ppas for 443 mw of solar and energy storage received final regulatory approval for the 170 mw crossvine solar-plus-storage project at aes indiana with the sale of a minority stake in the aes global insurance company (agic) for $450 million, achieved full year 2025 asset sale proceeds target of $400 to $500 million to fund the substantial growth at aes ohio, closed on the sale of an approximate 30% indirect equity interest to a wholly-owned subsidiary of caisse de dÉpÔt et placement du quÉbec (cdpq), with subsequent upgrade in credit ratings at aes ohio q1 2025 financial highlights gaap financial metrics net loss of $73 million, compared to net income of $278 million in q1 2024 net income attributable to the aes corporation of $46 million, compared to $432 million in q1 2024 diluted eps of $0.07, compared to $0.60 in q1 2024 non-gaap adjusted financial metrics adjusted ebitda1 of $591 million, compared to $640 million in q1 2024 adjusted ebitda with tax attributes1,2 of $777 million, compared to $868 million in q1 2024 adjusted eps3 of $0.27, compared to $0.50 in q1 2024 financial position and outlook reaffirming 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 reaffirming expectation for 2025 adjusted ebitda with tax attributes1,2 of $3,950 to $4,350 million reaffirming 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. , may 1, 2025 /prnewswire/ -- the aes corporation (nyse: aes) today reported financial results for the quarter ended march 31, 2025.
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