The Aes 2025 Q3 Earnings Strong Net Income Growth of 140.5%

AES, a top-tier energy company by market capitalization, reported fiscal 2025 Q3 earnings on Nov 4, 2025. The results showed a 1.9% revenue increase and a 140.5% surge in net income, with guidance reaffirmed despite a slight EPS shortfall.

Revenue

AES’s total revenue rose to $3.35 billion in Q3 2025, reflecting a 1.8% year-over-year gain. Renewables SBU led with $817 million, while the Utilities SBU contributed $1.10 billion. Energy Infrastructure SBU added $1.48 billion, and Corporate and Other segments accounted for $32 million. Eliminations reduced the total by $86 million, balancing the final revenue figure.

Earnings/Net Income

The company’s EPS climbed 25.4% to $0.89, with net income surging to $634 million (up 140.5% from $215 million in 2024 Q3). However, non-GAAP EPS of $0.75 missed estimates by $0.02, while revenue exceeded expectations by $130 million.

Post-Earnings Price Action Review

AES shares edged up 1.20% in the latest trading day but declined 7.05% for the week and 7.82% month-to-date. The mixed performance reflects investor skepticism over short-term volatility despite strong earnings.

CEO Commentary

CEO Andrés Gluski highlighted strategic progress, including a 11.1 GW PPA backlog and alignment with long-term growth targets. The company remains confident in meeting 2025 objectives, emphasizing renewable projects and supply chain strengths.

Guidance

AES reaffirmed 2025 Adjusted EBITDA guidance of $2,650–$2,850 million and Adjusted EPS of $2.10–$2.26. Annualized growth targets of 5–7% for EBITDA and 7–9% for EPS through 2027 remain unchanged, supported by new renewables projects and U.S. utility rate base growth.

Additional News

AES declared a $0.176 dividend, signaling shareholder returns. Analysts speculate on potential takeover interest, with some estimating a $18/share value in a GIP acquisition scenario. Meanwhile, the company reiterated its focus on domestic supply chain advantages and construction expertise to drive growth.