Core Viewpoint - The AES Corporation plans to offer senior notes in a registered public offering to fund the purchase of its existing 3.300% Senior Notes due 2025 and to manage its outstanding debt [1][2]. Group 1: Offering Details - AES intends to use the net proceeds from the offering primarily for a tender offer to purchase its 2025 Notes and to cover related fees and expenses [2]. - Any remaining proceeds after the tender offer will be used to retire outstanding indebtedness and for general corporate purposes [2]. Group 2: Management and Underwriters - Citigroup Global Markets Inc., BNP Paribas Securities Corp., BofA Securities, MUFG Securities Americas Inc., and Santander US Capital Markets LLC are acting as joint book-running managers for the offering [3]. Group 3: Company Overview - The AES Corporation is a Fortune 500 global energy company focused on delivering innovative and sustainable energy solutions [5].

ARLINGTON, Va., March 12, 2025 /PRNewswire/ -- The AES Corporation (NYSE: AES) ("AES" or the "Company") announced today the commencement of a tender offer to purchase (the "Tender Offer") for cash, subject to certain terms and conditions, any and all of its outstanding 3.300% Senior Notes due 2025 (the "Securities").The Tender Offer is being made pursuant to the Company's Offer to Purchase, dated March 12, 2025 (the "Offer to Purchase") and the related notice of guaranteed delivery (the "Notice of Guarantee ...

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Renewable Energy Capacity - The company's Renewables SBU has an operating installed capacity of 13,229 MW as of 2024, with an additional 3.7 GW added to the backlog of contracted projects[78]. - The company has a diverse portfolio of generation facilities, including hydro, solar, and wind, with various equity interests across projects[79]. - The company reported a total of 13,229 MW of renewable energy capacity across various projects, with significant contributions from solar, wind, and hydro sources[80]. - The hydro project Chiriqui-Esti in Panama has a capacity of 120 MW and is expected to operate until 2030, with a 49% efficiency rate[80]. - The solar project Uih Ela Ni in Hawaii has achieved a 100% efficiency rate with a capacity of 60 MW, operational from 2023 to 2048[80]. - The company has several projects in Argentina, including a hydro project Ullum with a capacity of 45 MW and a 100% efficiency rate, operational since 1996[81]. - The wind project Na Pua Makani in Hawaii has a capacity of 24 MW and is expected to operate until 2040, achieving a 100% efficiency rate[81]. - The company is expanding its energy storage capabilities, with projects like Westwing 2B in Arizona having a capacity of 59 MW and a 75% efficiency rate, operational until 2044[81]. - The solar project Bayasol in the Dominican Republic has a capacity of 50 MW and is expected to operate until 2036, with a 65% efficiency rate[81]. - The company is actively involved in energy storage projects, with the Laurel Mountain ES in West Virginia having a capacity of 16 MW and a 100% efficiency rate, operational since 2011[81]. - The company has multiple solar projects in Panama, including Esti Solar II with a capacity of 12 MW and a 49% efficiency rate, operational until 2044[81]. - The company is committed to renewable energy, with a focus on expanding its solar and wind projects across various regions, including the US, Panama, and Latin America[80][81]. Financial Performance and Reporting - The Adjusted EBITDA for the year ended December 31, 2024, reflects the performance of each SBU, with losses reported in the New Energy Technologies SBU[74]. - The Adjusted EBITDA metric is a key non-GAAP measure used to assess the operating performance of the SBUs[74]. - The company’s corporate activities are reported under "Corporate and Other" for financial reporting purposes, indicating no separate disclosure is required[75]. - The financial reporting includes detailed segment and geographic information to provide insights into the company's operational structure[75]. - AES recognized $1.3 billion related to the monetization of tax attributes to tax equity investors and transferability tax credit buyers for U.S. renewables projects in 2024[86]. - The budget for construction of projects currently under construction and contracted projects exceeds $9 billion[90]. - The majority of solar projects under AES Clean Energy have been financed with tax equity structures, which significantly influence earnings variability[88]. Project Development and Agreements - In 2024, AES Clean Energy signed or was awarded 3,506 MW of Power Purchase Agreements (PPAs), contributing to a backlog of 7.3 GW of projects expected to come online through 2027[90]. - AES Clean Energy's development pipeline has more than doubled since 2021, adding over 1 GW of high-quality projects to its backlog in 2024[85]. - AES Colombia is developing a pipeline of 1.3 GW of solar and wind projects, including six wind projects totaling 1,149 MW in La Guajira[96]. - AES Puerto Rico began construction on 485 MW of new renewables in 2024, supporting the territory's goal of 100% renewable energy by 2050[106]. - The Marahu Project, 70% owned by AES, secured a loan guaranty of $861 million from the US Department of Energy, with $322 million drawn to date for construction costs[110]. - AES Indiana plans to add up to 1,300 MW of wind, solar, and battery energy storage by 2027 as part of its Integrated Resource Plan[135]. Market and Operational Insights - AES Indiana and AES Ohio are targeting a combined 10% annual growth in rate base, driven by the increasing demand from data centers related to generative artificial intelligence[115]. - AES Indiana's total annual operating revenue increased by $71 million following the approval of a base rate order effective May 9, 2024, marking the first base rate increase request in five years[128]. - AES Indiana operates a 3,704 MW installed capacity across its generation facilities, including a 195 MW solar project that achieved full commercial operations in May 2024[116][122]. - AES Indiana's retail demand, weather, and maintenance costs are key financial drivers, with regulatory authority impacting tariff rates and recovery mechanisms[126][127]. - AES Ohio's GWh sold in 2024 totaled 14,311 GWh, with wholesale sales and SSO utility sales amounting to 2,440 GWh[116]. - AES Indiana's construction program includes capital expenditures for utility operations and compliance with environmental regulations, alongside discretionary investments[130]. - AES Indiana's seven-year TDSIC Plan includes $1.2 billion for transmission, distribution, and storage improvements from 2020 to 2026[134]. Regional Operations and Capacity - AES operates plants in Argentina totaling 1,407 MW, representing 3% of the country's total installed capacity[91]. - AES Dominicana has three operating subsidiaries, each owned 65% by AES, with a total of 150 MW capacity from solar and wind farms[104]. - AES Brasil's installed capacity increased from 2.7 GW in 2016 to 5.2 GW at the time of sale in 2024, with a diversified portfolio including hydro (2,658 MW), wind (2,189 MW), and solar (328 MW) generation[112]. - AES Chile has a 99.5% ownership interest in AES Andes and a 100% ownership interest in AES Pacífico Chile, which was created in 2024 to advance new renewable capacity[165]. - AES Chile is the second largest generation operator in Chile with an installed capacity of 3,685 MW, holding approximately 10% market share as of December 31, 2024[165]. - AES Argentina operates plants totaling 2,820 MW, representing 7% of Argentina's total installed capacity, with 75% of energy sold in the wholesale market in 2024[187][188]. - AES Vietnam's Mong Duong 2 plant has a gross capacity of 1,242 MW and is under a BOT agreement expiring in 2040; AES plans to sell its 51% interest by early 2026[188][189]. Environmental and Regulatory Developments - The company has committed to not building additional coal-based power plants and is advancing new renewable projects as part of its Green Blend strategy[167]. - The EPA's 2023 Federal Implementation Plan addresses air quality impacts and includes a revised trading program for NO emissions in 22 states[266]. - The EPA published a final rule in May 2024 to revise the Mercury and Air Toxics Standard (MATS) for coal and oil-fired electric generating units[273]. - The Colombian electricity sector has a reliability mechanism triggered under specific hydrological conditions, which was first activated from late September 2024 to late November 2024[253].

The AES Corporation (AES) focuses on increasing its renewable energy generation by adding solar, wind and battery energy storage on a regular basis to meet its long-term clean energy goals. It has also been expanding its footprint in the liquefied natural gas (LNG) market.However, this Zacks Rank #3 (Hold) company faces risks like a decline in wholesale prices.Tailwinds Favoring AES Like other utility providers, AES has been expanding its renewable generation portfolio to gain from the growing clean energy ...

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The AES Corporation’s (AES) fourth-quarter 2024 adjusted earnings of 54 cents per share beat the Zacks Consensus Estimate of 34 cents by 58.8%. However, the bottom line declined 26% from 73 cents per share in the year-ago quarter.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.The company generated GAAP earnings of 79 cents per share against the GAAP loss of 15 cents per share in the fourth quarter of 2023.AES reported 2024 adjusted earnings of $2.14 per share, which were higher than ...

The AES Corporation (NYSE:AES) Q4 2024 Earnings Conference Call February 28, 2025 10:00 AM ET Company Participants Susan Harcourt - Vice President, Investor Relations Andrés Gluski - President & Chief Executive Officer Steve Coughlin - Chief Financial Officer Ricardo Falú - Chief Operating Officer Conference Call Participants Nick Campanella - Barclays David Arcaro - Morgan Stanley Durgesh Chopra - Evercore ISI Julien Dumoulin-Smith - Jefferies Michael Sullivan - Wolfe Research Will Grainger - Mizuho Operat ...

The AES Corporation Fourth Quarter & Full Year 2024 Financial Review CONTAINS FORWARD-LOOKING STATEMENTS February 28, 2025 Safe Harbor Disclosure Certain statements in the following presentation regarding AES' business operations may constitute "forward-looking statements." Such forward-looking statements include, but are not limited to, those related to future earnings, growth and financial and operating performance. Forward-looking statements are not intended to be a guarantee of future results, but inste ...

Group 1: Earnings Performance - AES reported quarterly earnings of $0.54 per share, exceeding the Zacks Consensus Estimate of $0.34 per share, but down from $0.73 per share a year ago, representing an earnings surprise of 58.82% [1] - Over the last four quarters, AES has surpassed consensus EPS estimates four times [2] - The company posted revenues of $2.96 billion for the quarter ended December 2024, missing the Zacks Consensus Estimate by 9.12%, and down from $2.97 billion year-over-year [2] Group 2: Stock Performance and Outlook - AES shares have declined approximately 19.4% since the beginning of the year, compared to a decline of -0.3% for the S&P 500 [3] - The future performance of AES stock will largely depend on management's commentary during the earnings call and the earnings outlook [4][6] - The current consensus EPS estimate for the upcoming quarter is $0.43 on revenues of $3.27 billion, and for the current fiscal year, it is $2.02 on revenues of $12.79 billion [7] Group 3: Industry Context - The Utility - Electric Power industry, to which AES belongs, is currently ranked in the bottom 46% of over 250 Zacks industries, indicating potential challenges ahead [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact AES's stock performance [5]