AES(US:AES) ZACKS·2025-11-05 18:26Core Insights - The AES Corporation's third-quarter 2025 adjusted earnings of 75 cents per share missed the Zacks Consensus Estimate of 78 cents by 3.9%, but improved 5.6% from 71 cents in the year-ago quarter [1] - Total revenues for the company reached $3.35 billion, reflecting a year-over-year increase of 1.9% and surpassing the Zacks Consensus Estimate of $3.29 billion by 1.9% [2][8] - The company reaffirmed its 2025 earnings guidance, expecting adjusted earnings in the range of $2.10-$2.26 per share, with a consensus estimate of $2.17 [6][8] Financial Performance - The total cost of sales in Q3 2025 was $2.62 billion, up 1.9% year over year [3] - Operating income totaled $735 million, an increase of 1.8% from $722 million in the same period last year [3] - Interest expenses decreased to $348 million, down 8.2% from $379 million in the prior-year quarter [3] Financial Condition - As of September 30, 2025, cash and cash equivalents stood at $1.76 billion, up from $1.52 billion as of December 31, 2024 [4] - Non-recourse debt increased to $21.66 billion from $20.63 billion as of December 31, 2024 [4] - Net cash flow from operating activities for the first nine months of 2025 was $2.82 billion, compared to $1.66 billion in the same period of 2024 [4] Capital Expenditure - Total capital expenditure for the first nine months of 2025 was $4.39 billion, down from $5.67 billion recorded a year ago [5] Growth Outlook - AES reaffirmed its average annual earnings growth target in the range of 7-9% through 2027 [6][8]