Short answer
AES Corporation (AES) filed its Q1 2025 10-Q quarterly report on May 1, 2025 for the quarter ended Mar 31, 2025. Quarterly revenue was $2.9B (up 1155.8% year over year) with net income of $46M.
Q1 2025 key financials · XBRL
- Revenue
- $2.9B
- +1155.8% YoY
- Net income
- $46M
- −85.5% YoY
- Gross margin
- 15.1%
- EPS (diluted)
- $0.07
- −84.1% YoY
Source: XBRL data from the AES Corporation (AES) Q1 2025 10-Q on SEC EDGAR. USD.
AES Corporation Q1 2025 10-Q analysis
AI summary of MD&A and risk factor updates
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
- 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
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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