AES - AES' Q4: Beats On Earnings Raises Growth Targets Eyes Continued Renewable Expansion & More | Benzinga
The AES Corp (NYSE:AES) reported fourth-quarter FY23 adjusted EPS of $0.73, beating the consensus of $0.67.
Revenues of $2.97 billion missed the consensus of $3.36 billion.
In the fourth quarter, Non-regulated revenue rose to $2.19 billion from $2.14 billion a year ago, and Regulated revenue declined to $774 million from $925 million the prior year.
Adjusted EBITDA declined to $625 million from $693 million a year ago.
As of February 26, the company’s backlog, which consists of projects with signed contracts that are not yet operational, is 12.3 GW, including 5.1 GW under construction.
As of December 31, cash and cash equivalents stood at $2.2 billion. AES secured asset ...