AES Corporation (AES) Q1 2025 10-Q Quarterly Report
Filed: May 1, 2025Period ending Mar 31, 2025
Utilities
Cogeneration Services & Small Power ProducersSEC EDGAR AES Corporation (AES) 10-Q quarterly report for Q1 2025, filed with SEC EDGAR on May 1, 2025 for the fiscal period ending Mar 31, 2025. This page provides AI-powered analysis including management discussion & analysis (MD&A), risk factor updates, and key quarterly financial data such as revenue and net income extracted from XBRL.
AES Corporation Q1 2025 10-Q Analysis
Management Discussion & Analysis
- • Long-lived assets in Puerto Rico $751M deemed recoverable as of March 31, 2025 despite PREPA economic challenges
- • AES Ilumina’s $22M non-recourse debt in technical default, classified as current as of March 31, 2025 due to PREPA Title III bankruptcy
- • No quarterly revenue or profitability figures disclosed in this section
- • Management focused on decarbonization, exiting majority of coal facilities by end of 2025, continuing efforts beyond 2027
- • Regulatory and market shifts create uncertainties, potential material capital expenditures or adverse effects from decarbonization initiatives
Risk Factors
- • New material weakness in internal control over financial reporting from incomplete data in estimating AES Brasil asset impairment fairness, identified Q2 2024
- • Updated regulatory risk: Extension approval for Long Beach facility operation through 2026 subject to State Agency review, raising operational uncertainty
- • Foreign exchange risk: Unhedged Argentine peso exposure could result in losses up to $10 million from 10% USD appreciation, impacting earnings volatility
- • Market risk: Increased power price volatility from growing renewable energy share in Chile may affect thermal units' operation and contract cost efficiency
- • Interest rate sensitivity: Expected 100 bp hike in rates could reduce 2025 pre-tax earnings by up to $15 million on multi-currency debt exposure
AES Corporation Q1 2025 Quarterly FinancialsXBRL
Revenue
$2.9B
▲ +1155.8% YoY
Net Income
$46M
▼ -85.5% YoY
Gross Margin
15.1%
▼ -2313bp YoY
Net Margin
1.6%
▼ -13448bp YoY
EPS (Diluted)
$0.07
▼ -84.1% YoY
Operating Cash Flow
$545M
▲ +420.6% YoY
Source: XBRL data from AES Corporation Q1 2025 10-Q filing on SEC EDGAR. All figures in USD.
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