AES Corp (AES) Tops Q4 EPS by 2c; FY19 EPS Mid-Point Guidance Above Consensus

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Go back to AES Corp (AES) Tops Q4 EPS by 2c; FY19 EPS Mid-Point Guidance Above Consensus

AES Delivers High End of 2018 Guidance; Sets 7% to 9% Expected Annual Growth Rate Through 2022

February 27, 2019 6:00 AM EST

2018 Strategic Highlights

Prepaid a total of $1 billion in Parent debt in 2018, including accelerated payment of $150 million in the fourth quarter, reducing Parent leverage to 3.95x, consistent with investment grade metrics Completed construction of a total of 1.3 GW in 2018, including 215 MW of renewables in the fourth quarter Signed long-term contracts for approximately 2 GW in 2018, including 125 MW in the fourth quarter, bringing backlog to 5.8 GW Continued success in signing new long-term renewables contracts, leading to the introduction of a longer-term target to reduce carbon intensity by... More