AES Corp (AES) Misses Q1 EPS by 3c; Reaffirms 2017 Outlook

AES Corp (NYSE: AES) reported Q1 EPS of $0.17, $0.03 worse than the analyst estimate of $0.20.

• Diluted EPS of ($0.04), a $0.24 decrease compared to the first quarter of 2016, primarily driven by impairments at certain merchant generation assets
• Adjusted EPS of $0.17, a $0.02 increase compared to the first quarter of 2016
• Consolidated Net Cash Provided by Operating Activities of $703 million, a $63 million increase compared to the first quarter of 2016
• Consolidated Free Cash Flow of $546 million, a $56 million increase compared to the first quarter of 2016
• Prepaid $300 million of Parent debt
• Reaffirming 2017 guidance and average annual growth of 8% to 10% in Consolidated Free Cash Flow and Adjusted EPS through 2020

For earnings history and earnings-related data on AES Corp (AES) click here.

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