AES Corp (AES) Tops Q2 EPS by 1c, reaffirms guidance

AES Corp (NYSE: AES) reported Q2 EPS of $0.38, $0.01 better than the analyst estimate of $0.37. Revenue for the quarter came in at $2.94 billion versus the consensus estimate of $3.07 billion.

GUIDANCE:

AES Corp sees FY2024 EPS of $1.87-$1.97, versus the consensus of $1.92.
Reaffirming annualized Adjusted EPS growth target of 7% to 9% through 2025, off a base of 2020. Reaffirming annualized Adjusted EPS growth target of 7% to 9% through 2027, off a base of 2023 guidance.

Reaffirming 2024 guidance for Adjusted EBITDA2 of $2,600 to $2,900 million

Reaffirming annualized growth target2 of 5% to 7% through 2027, off a base of 2023 guidance
Now expects 2024 Adjusted EBITDA with Tax Attributes2,3 to be in the upper half of the range of $3,550 to $3,950 million

For earnings history and earnings-related data on AES Corp (AES) click here.

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