Short answer
AES Corporation (AES) filed its Q3 2025 10-Q quarterly report on Nov 4, 2025 for the quarter ended Sep 30, 2025. Quarterly revenue was $3.4B (up 1.9% year over year) with net income of $639M.
Q3 2025 key financials · XBRL
- Revenue
- $3.4B
- +1.9% YoY · +17.4% QoQ
- Net income
- $639M
- +27.3% YoY · +772.6% QoQ
- Gross margin
- 21.9%
- EPS (diluted)
- $0.89
- +27.1% YoY · +693.3% QoQ
Source: XBRL data from the AES Corporation (AES) Q3 2025 10-Q on SEC EDGAR. USD.
AES Corporation Q3 2025 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Long-lived assets in Puerto Rico $920M deemed recoverable as of Sept 30, 2025 despite PREPA economic challenges
- AES Ilumina’s $20M non-recourse debt classified as current due to PREPA Title III bankruptcy technical default
- Ongoing mediation for PREPA Title III case extended through Oct 31, 2025 with amended plan filed Mar 28, 2025
- Strategy shift to clean energy and coal exit underway, expecting majority coal exit by end of 2025 and continued efforts beyond 2027
- Unquantified risk of potential material capital expenditures from regulatory decarbonization initiatives across key markets
Risk Factors
- New risk: Material weakness in internal control over financial reporting due to impairment estimation on AES Brasil disposal, detected in Q2 2024
- Materially updated risk: Exposure to commodity price volatility remains with increased sensitivity in later years due to reduced hedging levels
- Legal risk: Regulatory review pending for Southland Long Beach plant operation extension through 2026 under State capacity contracts
- Market risk: Competition from lower-cost renewables increasing power price volatility and impacting thermal generation dispatch in Panama
- Financial risk: Foreign exchange exposure with potential loss <$1 million from 10% USD appreciation affecting Colombian peso, Euro, and Argentine peso cash flows
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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