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

AES swings to $150 million Q2 net loss, but adjusted EBITDA rises to $681 million

Mixed Impact 3 of 5 earnings Written later

AES reported a second-quarter 2025 GAAP net loss of $150 million, compared with net income of $153 million a year earlier, mainly due to higher day-one losses on sales-type leases and higher income tax expense. Non-GAAP adjusted EBITDA rose to $681 million and adjusted EPS rose to $0.51, and the company reaffirmed its 2025 guidance, which matters to shareholders because the GAAP loss and lower revenue sit alongside improved adjusted measures.

Key points

  • Q2 2025 diluted EPS was ($0.15), compared with $0.39 in Q2 2024; revenue was $2,855 million, compared with $2,942 million
  • Adjusted EBITDA was $681 million, compared with $658 million, and adjusted EPS was $0.51, compared with $0.38
  • 2025 guidance reaffirmed: Adjusted EBITDA of $2,650 million to $2,850 million and Adjusted EPS of $2.10 to $2.26
  • Quarterly dividend of $0.17595 expected to be maintained; AES Indiana filed a rate review petition in June 2025

The filing

CompanyAES (AES)
Form8-K, current report
Filed with the SECJul 31, 2025, 6:12 PM ET
Accession number0000874761-25-000071

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 July 31, 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.