AES Corp (AES) Misses Q2 EPS by 3c, Revemues Miss; Affirms FY18 EPS Outlook

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AES' Positive Momentum Continues in the Second Quarter

August 7, 2018 6:00 AM EDT

Q2 2018 Strategic Highlights

Credit ratings upgraded by Fitch and Moody's; now rated a notch below investment grade by all three agencies On track to achieve $100 million cost savings program Year-to-date, signed long-term contracts for 1.5 GW of renewables, bringing total backlog to 5.7 GW Fluence energy storage JV signed contracts for 80 MW

Q2 2018 Financial Highlights

Diluted EPS of $0.15, compared to $0.08 in Q2 2017; YTD 2018 Diluted EPS of $1.18, compared to $0.04 in YTD 2017 Adjusted EPS of $0.25, compared to... More