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    The AES Corporation (AES)

    Official site

    UTILITIES • UTILITIES - DIVERSIFIED • NYSE

    $14.96
    -0.00 (-0.03%)

    Market Cap: $10.67B

    Last updated: Oct 16, 2026 at 5:00 PM ET

    Earnings

    Performance (10Y)

    Beat Rate
    64%(25/39)
    Avg Surprise
    +7.33%

    Upcoming Estimates

    Period ending Sep 30, 2026
    EPS Consensus$0.73
    Range$0.53 - $0.93
    2 analysts
    EPS RevisionsNo revisions (7d)No revisions (30d)
    EPS Estimate DriftChange to current
    90d ago$0.730.0%
    60d ago$0.730.0%
    30d ago$0.730.0%
    7d ago$0.93-21.5%
    Current$0.73
    Revenue Consensus
    $3.4B
    Range$3.4B - $3.4B
    1 analysts
    Period ending Dec 31, 2026
    EPS Consensus$0.72
    Range$0.68 - $0.76
    6 analysts
    Revenue Consensus
    $3.5B
    Range$2.8B - $4.5B
    4 analysts
    PeriodReportedEst.SurpriseB/MYoY
    Dec 26EST
    		-$0.72---
    Sep 26EST
    		-$0.73---
    Jun 26
    Reported Aug 4
    		$0.51$0.74-31.08%Miss+0.0%
    Mar 26
    Reported May 5
    		$0.77$0.37+108.11%Beat+185.2%
    Dec 25
    Reported Mar 2
    		$0.81$0.63+29.35%Beat+50.0%
    Sep 25
    Reported Nov 5
    		$0.75$0.77-2.60%Miss+5.6%
    Jun 25
    Reported Jul 31
    		$0.51$0.40+27.50%Beat+34.2%
    Mar 25
    Reported May 1
    		$0.27$0.33-18.18%Miss-46.0%
    Dec 24
    Reported Feb 28
    		$0.54$0.46+16.61%Beat-26.0%
    Sep 24
    Reported Oct 31
    		$0.71$0.64+10.94%Beat+18.3%
    Jun 24
    Reported Aug 1
    		$0.38$0.37+2.70%Beat+81.0%
    Mar 24
    Reported May 2
    		$0.50$0.34+47.06%Beat+127.3%
    Dec 23
    Reported Feb 26
    		$0.73$0.67+8.96%Beat+49.0%
    Sep 23
    Reported Nov 2
    		$0.60$0.54+11.11%Beat-4.8%
    Jun 23
    Reported Aug 3
    		$0.21$0.24-12.50%Miss-38.2%
    Mar 23
    Reported May 4
    		$0.22$0.23-4.35%Miss+4.8%
    Dec 22
    Reported Feb 27
    		$0.49$0.46+6.52%Beat+8.9%
    Sep 22
    Reported Nov 4
    		$0.63$0.53+18.87%Beat+26.0%
    Jun 22
    Reported Aug 4
    		$0.34$0.31+9.68%Beat+9.7%
    Mar 22
    Reported May 5
    		$0.21$0.27-22.22%Miss-25.0%
    Dec 21
    Reported Feb 24
    		$0.45$0.43+4.65%Beat-6.2%
    Sep 21
    Reported Nov 3
    		$0.50$0.43+16.28%Beat+19.0%
    Jun 21
    Reported Aug 4
    		$0.31$0.29+6.90%Beat+24.0%
    Mar 21
    Reported May 6
    		$0.28$0.30-6.67%Miss-3.4%
    Dec 20
    Reported Feb 25
    		$0.48$0.44+9.09%Beat+37.1%
    Sep 20
    Reported Nov 6
    		$0.42$0.43-2.33%Miss-12.5%
    Jun 20
    Reported Aug 6
    		$0.25$0.24+4.17%Beat-3.8%
    Mar 20
    Reported May 7
    		$0.29$0.29+0.00%Beat+3.6%
    Dec 19
    Reported Feb 28
    		$0.35$0.33+6.06%Beat-2.8%
    Sep 19
    Reported Nov 6
    		$0.48$0.40+20.00%Beat+37.1%
    Jun 19
    Reported Aug 6
    		$0.26$0.28-7.14%Miss+4.0%
    Mar 19
    Reported May 7
    		$0.28$0.30-6.67%Miss+0.0%
    Dec 18
    Reported Feb 27
    		$0.36$0.33+9.09%Beat-16.3%
    Sep 18
    Reported Nov 6
    		$0.35$0.30+16.67%Beat+45.8%
    Jun 18
    Reported Aug 7
    		$0.25$0.28-10.71%Miss+0.0%
    Mar 18
    Reported May 8
    		$0.28$0.24+16.67%Beat+64.7%
    Dec 17
    Reported Feb 27
    		$0.43$0.36+19.44%Beat+22.9%
    Sep 17
    Reported Nov 2
    		$0.24$0.29-17.24%Miss-
    Jun 17
    Reported Aug 8
    		$0.25$0.21+19.05%Beat-
    Mar 17
    Reported May 8
    		$0.17$0.20-15.00%Miss-
    Dec 16
    Reported Feb 27
    		$0.35$0.36-2.78%Miss-

    Dividends

    Dividend Metrics

    Forward Yield4.71%
    Forward Annual Dividend$0.70
    Payout Ratio9.98%
    FrequencyQuarterly
    Pay MonthsFeb, May, Aug, Nov

    Growth

    3Y CAGR+3.66%
    5Y CAGR+4.20%
    AES dividend history and ex-dividend datesRun AES in the free DRIP calculator

    Key Metrics

    Valuation
    P/E Ratio5.27EV/EBITDA11.56x
    Price/FCF-6.20xFCF Yield-16.12%
    Profitability
    Profit Margin14.30%Operating Margin18.70%
    ROE9.57%ROIC5.16%
    Financial Health
    Debt/Equity6.50xInterest Coverage1.31x
    Current Ratio0.75xQuick Ratio0.67x
    Trading Statistics
    Beta0.95Avg Volume9.14M
    52-Week High$17.2352-Week Low$12.74

    Technical Indicators Dashboard

    Moving Averages

    SMA 10$14.94
    SMA 20$14.90
    SMA 50$14.82
    SMA 200$14.56
    EMA 10$14.94
    EMA 20$14.91
    EMA 50$14.82
    EMA 200$14.34

    MACD

    Line: 0.05Signal: 0.04Hist: 0.00

    ADX

    ADX: 53.0+DI: 23.7-DI: 4.7

    Aroon & PSAR

    Aroon Up96.0
    Aroon Down4.0
    PSAR$15.00

    Bollinger Bands

    Upper Band$15.01
    Lower Band$14.79
    %B Position146%(Upper)
    Band Width0.76

    RSI (14-Day)

    Neutral
    66.3

    Momentum Oscillators

    Stoch %K81.1
    Stoch %D88.3
    Williams %R-30.0
    ROC (10d)0.2%
    Momentum0.04
    CCI (20d)92.4
    MFI (14d)54.6

    Volatility Measures

    ATR (14d)$0.05(0.3%)
    StdDev (20d)0.05
    Hist Vol2.2%(Low)

    Volume Flow

    VWAP$14.96
    OBV174.4M
    AD Line-12.3B
    CMF (20d)-0.152

    Volume Metrics

    Avg Vol (20d)9.3M
    Vol Ratio1.2x
    VWMA (20d)$14.90

    Pivot Points

    R3$15.04
    R2$15.02
    R1$14.99
    Pivot Point$14.97
    S1$14.94
    S2$14.92
    S3$14.89

    Advanced Oscillators

    TSI39.21
    Ultimate Osc55.9
    KST9.78

    Financial Data

    QuarterJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024Jun 2024Mar 2024Dec 2023Sep 2023
    Total Revenue$3.42B$3.18B$3.10B$3.35B$2.85B$2.93B$2.96B$3.29B$2.94B$3.08B$2.97B$3.43B
    Cost of Revenue$2.73B$2.54B$2.52B$2.62B$2.40B$2.48B$2.54B$2.57B$2.39B$2.47B$2.47B$2.52B
    Gross Profit$692.00M$640.00M$582.00M$735.00M$453.00M$441.00M$420.00M$722.00M$553.00M$619.00M$494.00M$918.00M
    Operating Expenses$119.00M$125.00M$546.00M$71.00M$190.00M$178.00M$366.00M$162.00M$188.00M$121.00M$852.00M$234.00M
    R&D$0$0$0$0$0$0$0$0$0$0$0$0
    SG&A$89.00M$113.00M$206.00M$72.00M$344.00M$129.00M$150.00M$88.00M$150.00M$75.00M$125.00M$76.00M
    Operating Income$573.00M$515.00M$36.00M$664.00M$263.00M$263.00M$54.00M$560.00M$365.00M$498.00M$-358,000,000$684.00M
    Interest Income$65.00M$65.00M$72.00M$76.00M$70.00M$69.00M$69.00M$119.00M$88.00M$105.00M$153.00M$144.00M
    Interest Expense$374.00M$361.00M$376.00M$350.00M$357.00M$350.00M$366.00M$380.00M$398.00M$358.00M$415.00M$326.00M
    Income Before Tax$449.00M$242.00M$-269,000,000$327.00M$39.00M$-22,000,000$168.00M$334.00M$115.00M$277.00M$-579,000,000$414.00M
    Income Tax Expense$28.00M$-41,000,000$-139,000,000$-226,000,000$167.00M$17.00M$7.00M$103.00M$-35,000,000$-16,000,000$82.00M$109.00M
    Net Income$387.00M$275.00M$-132,000,000$517.00M$-150,000,000$-73,000,000$156.00M$215.00M$153.00M$278.00M$-643,000,000$291.00M
    EBITDA$1.19B$971.00M$352.00M$1.03B$690.00M$596.00M$784.00M$907.00M$740.00M$848.00M$-6,000,000$882.00M
    EBIT$758.00M$538.00M$-49,000,000$665.00M$336.00M$259.00M$465.00M$595.00M$425.00M$530.00M$-317,000,000$596.00M
    * Some calculated fields are derived from available data when not provided by source

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    Government Contracts

    Gov Obligations (TTM)
    $10.20M
    Gov Obligations / Revenue
    0.1%
    Obligations YoY
    -17.9%
    Active Awards
    3
    New Awards (TTM)
    1
    Avg Remaining Term
    7.4 mo

    Top agency: Department of Defense at 100.0% of trailing twelve month obligations across 1 agencies

    Recent Awards

    Award IDAgencyObligatedStart
    N0017326P0596Department of DefenseDepartment of the Navy$551693Jan 15, 2026

    Federal contract obligations are bookings recorded by the awarding agency, not recognized revenue. They can exceed 100% of revenue and can be negative when contracts are de-obligated. Source: USAspending.gov prime awards, data through Jul 31, 2026.

    News

    AES wins European Union approval for sale to GIM and EQT Fund Management

    AES Corp. received approval from the European Union's antitrust regulator for its planned sale to Global Infrastructure Management (GIM) and EQT Infrastructure for $15 per share. This EU approval follows prior...

    TradingView•10/16/26•Bullish

    EU clears AES Corp’s agreed USD-33.4bn sale

    The European Union has approved AES Corp's acquisition of a USD 33.4 billion sale. The article does not provide further details about the nature of the sale or the parties involved beyond AES Corp. This regulatory...

    Renewables Now•10/16/26•Bullish

    The AES Corporation $AES Stock Sold by First Citizens Bank & Trust Co.

    First Citizens Bank & Trust Co. has reduced its stake in The AES Corporation (NYSE:AES) by 39.5% in the third quarter...

    MarketBeat•10/16/26•Somewhat-Bullish

    Kepco delays CEO pick as debt soars, imperiling Korea grid investment - CHOSUNBIZ

    Korea Electric Power Corporation (KEPCO) is experiencing delays in appointing a new CEO, despite the urgent need to expand the power grid to meet demand from the AI and semiconductor industries. The current CEO's term...

    Chosunbiz•10/16/26•Neutral

    Southern Company stock pre-market at EUR 79.46

    Southern Company's stock is trading at EUR 79.46 pre-market on October 16, 2026, ahead of its next scheduled earnings release on November 5...

    ad-hoc-news.de•10/16/26•Somewhat-Bullish

    AES Valuation and Fair Value

    P/E
    5.3x
    Forward P/E
    6.6x
    EV/EBITDA
    11.6x
    P/FCF
    -6.2x
    PEG
    1.1x
    P/B
    2.2x
    See GNG's fair value

    AES Profitability: Margins, ROIC and FCF

    Gross margin
    20.3%
    Operating margin
    18.7%
    Net margin
    14.3%
    ROIC
    5.2%
    ROE
    9.6%
    FCF margin
    -13.2%
    FCF yield
    -16.1%

    AES Competitors

    CompanyTicker
    Essential Utilities IncWTRG
    Companhia Paranaense de Energia - COPELELPC
    DBA Sempra 5.750% Junior Subordinated Notes due 2079SREA
    Energy of Minas Gerais Co DRCCIG-C
    Pinnacle West Capital CorpPNW
    OGE Energy CorporationOGE
    Korea Electric Power Corp ADRKEP
    Enlight Renewable Energy Ltd. Ordinary SharesENLT

    Sector: Utilities

    AES Analyst Ratings

    Consensus
    Hold
    Analysts
    9
    Strong Buy
    0
    Buy
    0
    Hold
    9
    Sell
    0
    Strong Sell
    0

    AES Bull Case vs Bear Case

    Bull case

    • AES grew quarterly revenue 19.9% year over year.

    Bear case

    • AES has a debt-to-equity ratio of 6.5x.

    AES Earnings: Beat Rate and Next Report

    Beat rate
    5 of 8 quarters (62.5%)
    Average surprise
    17.6%
    EPS estimate (fiscal period ending Sep 30, 2026)
    $0.73
    Estimate revisions (30 days, fiscal period ending Sep 30, 2026)
    0 up, 0 down

    AES Dividend

    Forward yield
    4.7%
    Payout ratio
    10.0%
    3Y DPS growth
    3.7%
    5Y DPS growth
    4.2%
    Pay months
    Feb, May, Aug, Nov
    AES dividend history

    Frequently Asked Questions About AES

    What is AES's current dividend yield?

    The AES Corporation (AES) has a forward dividend yield of 4.71%.

    Does AES pay dividends?

    Yes, The AES Corporation pays dividends with a forward dividend yield of 4.71%.

    What is AES's P/E ratio?

    The AES Corporation has a price-to-earnings (P/E) ratio of 5.27.

    What is AES's market cap?

    The AES Corporation (AES) has a market capitalization of $10.67B with a current stock price of $14.96.

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