AES GAAP EPS of $0.76, revenue of $3.87B beats by $700M (AES:NYSE)

AES Corp. reported Q3 net income of $553M, or 76 cents per share, with adjusted earnings of 87 cents per share. Revenue was $3.87B. Shares are up 4% YTD, 9.5% over 12 months.

The AES reported Q3 EPS of $0.86, beating estimates by $0.33, with revenue of $3.87B, exceeding expectations. The stock is up 1.29% over 3 months and 4.92% over 12 months. InvestingPro rates its financial health as 'good performance'.

AES reported Q3 revenue and adjusted EBITDA growth due to stronger spot-market sales and utility rates. Common-stockholder income declined because of lower tax benefits and higher impairments. The company's 10.9 GW PPA backlog supports future growth, but uncertainties include hydrology, policy shifts, and merger execution.

AES announced the European Commission completed its preliminary review of the proposed merger under the EU Foreign Subsidies Regulation, fulfilling one closing condition. The transaction still requires additional regulatory approvals and customary closing conditions. Upon completion, AES will be jointly owned by investment vehicles affiliated with Global Infrastructure Management, EQT Infrastructure VI, and other investors.

AES CORP (AES) filed an SEC Form 8-K — Other Events. Item 8.01. Other Events. As previously announced, on March 1, 2026, The AES Corporation (the “ Company ”) entered into that certain Agreement and Plan of Merger (as it may be amended from time to time, the “ Merger Agreement ”), by and among the Company, Horizon Parent, L.P., a D

Chile's competition authority approved the joint acquisition of AES Corporation by Global Infrastructure Management (GIM) and EQT Fund Management, following an investigation. The deal, involving GIM (owned by BlackRock) and EQT, was cleared unconditionally on October 1, 2026, with no substantial competition concerns identified in power and data sectors. Minority investors, including CalPERS and QIA, will retain non-controlling stakes.