AES Corp (AES) Misses Q3 EPS by 7c, Revenues Miss; Affirms FY18 EPS Guidance

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Go back to AES Corp (AES) Misses Q3 EPS by 7c, Revenues Miss; Affirms FY18 EPS Guidance

AES Reports Strong Third Quarter 2018 Results; Advances on Key Strategic Objectives

November 6, 2018 6:00 AM EST

Q3 2018 Strategic Highlights

On track to attain investment grade credit metrics in 2019 and ratings in 2020 Signed long-term contracts for 392 MW of renewable capacity, bringing year-to-date total to 1.9 GW and backlog to 5.7 GW Agreed to sell approximately 24% of the Company's interest in sPower's operating portfolio, contributing to an overall return on sPower of 13% Negotiated a 10-year agreement to sell 9 TBTU annually in the Dominican Republic, bringing year-to-date total new sales to 25 TBTU, which will contribute to growth beyond 2020 Year-to-date, Fluence energy storage JV awarded... More