Aes reports record performance in 2023 & raises long-term guidance

Strategic accomplishments signed new contracts for 5.6 gw of renewables in full year 2023, marking the third year in a row of adding 5 gw or more to the backlog completed construction of 3.5 gw of renewables in full year 2023, doubling new additions compared to 2022 secured $1.1 billion in asset sale proceeds, exceeding target of $400 to $600 million 2023 financial highlights diluted eps of $0.34, compared to ($0.82) in 2022 adjusted eps1 of $1.76, compared to $1.67 in 2022 and 2023 guidance of $1.65 to $1.75 2023 net loss of $182 million, compared to net loss of $505 million in 2022 2023 adjusted ebitda2 of $2,812 million, compared to $2,931 million in 2022 and 2023 guidance of $2,600 to $2,900 million 2023 adjusted ebitda with tax attributes2,3 of $3,423 million, compared to $3,198 million in 2022 financial position and outlook with 5.6 gw of signed ppas in 2023, on track to achieve target of signing 14 to 17 gw in 2023 to 2025 expecting to add 3.6 gw of new projects in 2024 initiating 2024 guidance for adjusted eps1 of $1.87 to $1.97 reaffirming annualized growth target of 7% to 9% through 2025, off a base of 2020 raising annualized growth target to 7% to 9% through 2027 from 6% to 8%, off a base of 2023 guidance initiating 2024 guidance for adjusted ebitda2 of $2,600 to $2,900 million raising annualized growth target2 to 5% to 7% through 2027 from 3% to 5%, off a base of 2023 guidance expecting 2024 adjusted ebitda with tax attributes2,3 of $3,550 to $3,950 million arlington, va. , feb. 26, 2024 /prnewswire/ -- the aes corporation (nyse: aes) today reported financial results for the year ended december 31, 2023.
AES Ratings Summary
AES Quant Ranking