AES Corp (AES) Misses Q1 EPS by 7c, Revenue Beats, Reaffirms Guidance

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Go back to AES Corp (AES) Misses Q1 EPS by 7c, Revenue Beats, Reaffirms Guidance

AES Attains Third Investment Grade Credit Rating and Reaffirms 2022 Adjusted EPS Guidance

May 5, 2022 5:00 PM EDT

Strategic Accomplishments

With investment grade credit rating from Moody's, attained investment grade ratings from all three major ratings agenciesSigned or awarded 1.1 GW of PPAs for new renewable energy projects in the first quarter of 2022, increasing the backlog to 10.3 GWConstruction on schedule for more than 2 GW of renewable energy projects expected to come online in 2022, with solar panels secured for all projects in the US

Q1 2022 Financial Highlights

Diluted EPS of $0.16, compared to ($0.22) in Q1 2021Adjusted EPS1 of $0.21, compared to $0.28 in Q1 2021

Financial... More