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 long-term renewable contracts, indicating substantial growth. 2. Strong Q3 2024 diluted EPS at $0.72, significantly up from $0.32 in Q3 2023. 3. Reaffirmed 2024 guidance for Adjusted EPS of $1.87 to $1.97, showing confidence. 4. A 30% indirect interest sale in AES Ohio raised $546 million, bolstering cash flow. 5. Anticipated challenges from extreme weather in Colombia, affecting 2024 Adjusted EBITDA.