AES CORP recently released its 10-Q report, providing insights into its financial performance for the second quarter and six months ended June 30, 2025. The company, headquartered in Arlington, Virginia, operates as a power generation and utility company, owning and operating power plants to generate and sell power to customers, as well as distributing electricity to end-user customers. AES Corp utilizes various fuels and technologies, including coal, gas, hydro, wind, solar, and biomass, and owns and operates a generation portfolio of approximately 32,109 megawatts, distributing power to 2.7 million customers.
In the second quarter of 2025, AES Corp reported a net loss of $150 million, a decrease of $303 million compared to the same period last year. This was primarily due to higher income tax expense, day-one losses on the commencement of sales type leases at AES Clean Energy Development, and lower earnings from the Energy Infrastructure SBU due to higher prior year revenues from the monetization of the Warrior Run coal plant PPA and prior year unrealized derivative gains. Adjusted EBITDA, a non-GAAP measure, increased by $23 million to $681 million, driven by higher contributions from the Renewables SBU primarily due to higher revenues from renewables projects placed in service and prior year outages in Colombia.
For the six months ended June 30, 2025, AES Corp reported a net loss of $223 million, a decrease of $654 million compared to the same period last year. This decrease was primarily driven by lower earnings from the Energy Infrastructure SBU due to higher prior year revenues from the monetization of the Warrior Run coal plant PPA and unrealized derivative gains, higher income tax expense, higher day-one losses on the commencement of sales type leases at AES Clean Energy Development, and foreign currency translation gains in the prior year.
The company's revenue for the second quarter of 2025 totaled $2.855 billion, a decrease of $87 million, or 3%, compared to the same period last year. Operating margin decreased by $100 million, or 18%, for the same period.
AES Corp is focused on leading the industry's transition to clean energy by investing in renewables, utilities, and technology businesses. The company's PPA backlog, which consists of projects with signed contracts but are not yet operational, is 12 GW, including 5.2 GW under construction. Additionally, AES Indiana filed a petition for regulatory rate review with the Indiana Utility Regulatory Commission (IURC) in June 2025, aiming to enable a more efficient investment program to best serve customers with cost-effective and reliable electricity service.
As a result of these announcements, the company's shares have moved 0.61% on the market, and are now trading at a price of $13.23. If you want to know more, read the company's complete 10-Q report here.
