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AI brief of an SEC Form 8-K · AES (AES)

AES swings to $73 million Q1 2025 net loss; reaffirms 2025 guidance

Negative Impact 3 of 5 earnings Written later

AES reported first quarter 2025 results with a net loss of $73 million, compared with net income of $278 million a year earlier, and net income attributable to AES of $46 million versus $432 million. The company reaffirmed its 2025 Adjusted EBITDA guidance of $2,650 to $2,850 million and Adjusted EPS guidance of $2.10 to $2.26, which the company said was not cut, but the decline in earnings reflects lower prior-year Warrior Run PPA revenue, one-time restructuring costs and a 2024 Uplight dilution gain.

Key points

  • Q1 2025 diluted EPS was $0.07, down from $0.60 in Q1 2024; Adjusted EPS was $0.27, down from $0.50.
  • Total revenue was $2,926 million, down from $3,085 million; Adjusted EBITDA was $591 million, down from $640 million.
  • 2025 guidance reaffirmed: Adjusted EBITDA of $2,650 to $2,850 million and Adjusted EPS of $2.10 to $2.26.
  • The company completed a $450 million sale of a minority stake in its captive insurer AGIC, meeting its 2025 asset sale proceeds target of $400 to $500 million.

The filing

CompanyAES (AES)
Form8-K, current report
Filed with the SECMay 1, 2025, 5:02 PM ET
Accession number0000874761-25-000037

Items reported: 2.02 Results of Operations7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 12:56 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 01, 2025.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.