AES Corporation (AES) Q2 2025 10-Q Quarterly Report

Filed: Aug 1, 2025Period ending Jun 30, 2025
Utilities
Cogeneration Services & Small Power ProducersSEC EDGAR

AES Corporation (AES) 10-Q quarterly report for Q2 2025, filed with SEC EDGAR on Aug 1, 2025 for the fiscal period ending Jun 30, 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 Q2 2025 10-Q Analysis

Risk Factors

  • New material weakness in internal control over financial reporting due to incomplete data in AES Brasil impairment estimation triggered post Q2 2024 disposition review
  • Commodity price risk exposure updated with pre-tax earnings sensitivity under $5 million gain/loss on 10% commodity price changes, reflecting hedging strategies and contract indexing
  • Foreign currency risk includes material unhedged earnings exposure to Argentine peso depreciation, with potential loss under $5 million from 10% USD appreciation in 2025
  • Operational risk: approval extension for Long Beach plant operation through 2026 pending state review, impacting capacity under Strategic Reserve program
  • Interest rate risk: 100 basis point increase across multiple currencies would cause less than $5 million pre-tax earnings impact on 2025 interest expense

AES Corporation Q2 2025 Quarterly Financials
XBRL

Revenue

$2.9B

-52.6% YoY -2.4% QoQ

Net Income

-$95M

-115.4% YoY -306.5% QoQ

Gross Margin

15.9%

-358bp YoY +80bp QoQ

Net Margin

-3.3%

-1356bp YoY -490bp QoQ

EPS (Diluted)

$-0.15

-117.2% YoY -314.3% QoQ

Operating Cash Flow

$976M

+43.7% YoY +79.1% QoQ

Source: XBRL data from AES Corporation Q2 2025 10-Q filing on SEC EDGAR. All figures in USD.

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