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
1. AES signed 2.2 GW of new contracts, boosting renewables and data centers. 2. Q3 net income rose to $210 million, but ongoing pressures affect energy margins. 3. Annualized growth targets for Adjusted EPS reaffirmed at 7%-9% through 2025. 4. Asset sales nearing $3.5 billion are expected to stabilize finances through 2027. 5. Despite weather impacts, 2024 guidance remains optimistic for revenue and profitability.