AES(US:AES)2025-05-02 12:11Financial Performance - The company's Adjusted EBITDA for Q1 2025 was $591 million, a decrease of $49 million compared to $640 million in Q1 2024[11, 47] - Adjusted EPS for Q1 2025 was $0.27, a decrease of $0.23 compared to Q1 2024[11, 49] - Renewables Adjusted EBITDA increased by $50 million, from $111 million in Q1 2024 to $161 million in Q1 2025[52] - Utilities Adjusted PTC increased by $80 million, from $41 million in Q1 2024 to $121 million in Q1 2025[56] - Energy Infrastructure Adjusted EBITDA decreased by $102 million, from $356 million in Q1 2024 to $254 million in Q1 2025[59] Strategic Highlights & Growth - The company signed or was awarded 443 MW of new PPAs for renewables, bringing the backlog to 11.7 GW[12] - Construction of 643 MW of renewables projects was completed, with the remaining 2.6 GW of projects under construction for 2025 being approximately 80% complete[12, 17] - The company achieved its 2025 asset sale proceeds target by selling a minority stake in AGIC for $450 million[12] - The company is on track to invest approximately $1.4 billion across AES Indiana & AES Ohio in 2025[39] Financial Outlook & Capital Allocation - The company reaffirms its 2025 Adjusted EBITDA guidance of $2,650-$2,850 million[9, 66] - The company reaffirms its 2025 Adjusted EPS guidance of $2.10-$2.26[9, 68] - The company expects to generate Parent Free Cash Flow of $1,150-$1,250 million in 2025[71, 112]