AES AES Corporation

company

SEC Filings & Insider Trading Activity 2026

Risk Factors

• • H.R. 1 ("2025 Act") curtailed IRA renewable energy tax credits, threatening U.S. renewables growth; new tariffs imposed on solar cells, modules, and batteries compound risk
• • ~$30B consolidated debt outstanding as of Dec 31, 2025; ~$23.2B non-recourse, ~$6.0B recourse Parent Company debt
• • Interconnection backlog averaging 4+ years for U.S. renewables/storage projects; PJM supplemental processes risk further delays to solar/wind
• • China economic slowdown threatens electricity demand in key South American commodity markets where AES generates significant revenue
• • EPA's Feb 2026 rescission of 2009 GHG endangerment finding creates regulatory uncertainty; AES emitted ~29M metric tonnes CO₂e in 2025

Management Discussion & Analysis

• • Revenue $12.2B, down $45M (essentially flat YoY); Energy Infrastructure SBU fell $805M (-13%), offset by Utilities +$514M and Renewables +$296M
• • Total operating margin $2,211M vs $2,314M; Energy Infrastructure operating margin -27% YoY; net income dropped $640M to $162M; Adjusted EBITDA $2,871M vs $2,639M (+$232M)
• • Worst segment: Energy Infrastructure — operating margin down $332M (-27%), Adjusted EBITDA down $176M (-13%); Best: Renewables — operating margin up $104M, Adjusted EBITDA up $320M
• • Operating cash flow $4,306M vs $2,752M (+$1,554M); capex $5,929M vs $7,392M; dividends $501M ($0.70/share); no share buybacks disclosed
• • Key risks: U.S. 2025 Act significantly revises IRA renewable tax credits; tariffs on China imports (up to 125% at peak), AD/CVD orders on SE Asian solar panels, and Section 232 probes on polysilicon/wind turbines threaten supply chain and project economics

Business Overview

• • Core model: Global power generator/utility monetizing long-term PPAs across renewables (54% of capacity), gas (29%), and coal (15%), prioritizing corporate offtakers like hyperscale data centers and mining companies
• • Data center pivot dominant theme: 12.0 GW contracted backlog (5.7 GW under construction), 4.0 GW new PPAs signed in 2025, 46 GW U.S. development pipeline explicitly targeting AI-driven data center demand
• • U.S. utility acceleration: AES Indiana rate base ~$5.5B (vs ~$3.5B prior case); $4.2B capex planned 2026–2028; AES Ohio approved $167.9M distribution revenue increase; both flagged as fastest-growing U.S. utilities with double-digit rate base growth through 2027
• • Tax credit monetization at scale: $1.5B recognized from U.S. renewables tax attributes (IRA transferability + tax equity) in 2025, including $166M at AES Indiana
• • AI-robotics deployment: Fleet of 5 Maximo AI-powered solar installation robots operational at 2 GW Bellefield project in California — rare direct robotics commercialization by a utility-scale power company

What are the latest AES SEC filings in 2026?

AES Corporation (AES) has filed a 10-K annual report on March 2, 2026, a 10-Q quarterly report on May 5, 2026, an 8-K current report on August 5, 2026 with the SEC. SignalX tracks every new SEC EDGAR filing daily, including 10-K, 10-Q, 8-K, and Form 4 insider transactions, with AI-powered summaries of key sections.

When did AES file its most recent 10-K annual report?

AES Corporation (AES) filed its most recent 10-K annual report on March 2, 2026. The 10-K includes audited financial statements, business overview, risk factors, and management discussion, all available on SignalX with AI-generated summaries and XBRL financial data.

How do I view AES 10-Q quarterly reports?

AES Corporation (AES)'s most recent 10-Q quarterly report was filed on May 5, 2026. SignalX displays every AES 10-Q with AI-generated summaries of the MD&A (Management Discussion & Analysis) and Risk Factors sections, plus links to the original SEC EDGAR document.

What 8-K current reports has AES filed recently?

AES Corporation (AES)'s most recent 8-K was filed on August 5, 2026. 8-K filings disclose material corporate events such as earnings releases, executive changes, mergers, and other significant developments. SignalX surfaces each 8-K with item-level summaries so you can quickly see what happened.

Where can I find AES insider trading activity (Form 4)?

SignalX aggregates every AES Form 4 insider transaction from SEC EDGAR. Form 4 reports show when officers, directors, and 10% shareholders buy or sell company stock, with transaction code, share count, and price per share.

How often does AES file with the SEC?

AES Corporation (AES) files a 10-K annual report once per year (typically within 60 days of fiscal year-end) and 10-Q quarterly reports three times per year. 8-K current reports are filed as needed when material events occur, and Form 4 insider transaction reports are due within two business days of a trade. SignalX monitors SEC EDGAR daily to surface every new AES filing with AI-powered analysis.

What is the difference between 10-K, 10-Q, and 8-K SEC filings?

A 10-K is a comprehensive annual report with audited financials, business overview, and risk factors. A 10-Q is a shorter quarterly report with unaudited financials and management discussion. An 8-K is a current report filed when a material event occurs, such as earnings releases, executive changes, acquisitions, or other significant developments. SignalX provides AI-generated summaries for all three filing types for AES Corporation (AES).

What is AES's SEC CIK number?

AES Corporation (AES)'s SEC CIK (Central Index Key) number is 874761. The CIK is a unique identifier assigned by the SEC to every filing entity. You can use CIK 874761 to look up all AES filings on SEC EDGAR, or browse them here on SignalX with AI-powered analysis.

Where can I find AES return on equity (ROE) and financial data?

SignalX extracts XBRL financial data from AES Corporation (AES) 10-K annual filings, including revenue, net income, gross profit, operating income, EPS, total assets, stockholders' equity, and operating cash flow. Return on equity (ROE) can be derived from net income divided by stockholders' equity. Multi-year financial trends are displayed in the Financial Summary table above.