AES Corp (AES) Tops Q2 EPS by 4c; Reafirms

AES Corp (NYSE: AES) reported Q2 EPS of $0.25, $0.04 better than the analyst estimate of $0.21.

• Diluted EPS of $0.08, a $0.24 increase compared to the second quarter of 2016
• Adjusted EPS of $0.25, an $0.08 increase compared to the second quarter of 2016
• Consolidated Net Cash Provided by Operating Activities of $251 million, a $472 million decrease compared to the second quarter of 2016
• Consolidated Free Cash Flow of $106 million, a $448 million decrease compared to the second quarter of 2016, primarily due to the collection of receivables in Bulgaria and Brazil in 2016
• Completed expansion of DPP power plant in the Dominican Republic, adding 122 MW of capacity
• At the Alto Maipo project under construction in Chile, the Company is in discussions with non-recourse lenders and construction contractors to evaluate the path forward
• Reaffirming 2017 guidance and average annual growth of 8% to 10% in Consolidated Free Cash Flow and Adjusted EPS through 2020

GUIDANCE:

AES Corp sees FY2017 EPS of $1.00-$1.10.

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

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