AES AES Electricity — Cost of Sales—Non-Regulated

Other product segments

Similar metrics at other companies

CNP

CNPElectric — Non-utility cost of revenues, including natural gas

$0—

ORAElectricity — Total cost of revenues

$125.74M+4.9%

XELRegulated Electric Segment — Electric fuel and purchased power

$1.02B-0.1%

CNP

CNPCorporate and Other — Non-utility cost of revenues, including natural gas

$0—

OGEElectrics Company — Cost of Goods Sold

$336.7M+3.9%

XELRegulated Electric Segment — Cost of natural gas sold and transported

$0—

Questions, answered.

What is AES's electricity — cost of sales—non-regulated?

AES (AES) reported electricity — cost of sales—non-regulated of $9.25M in Q4 2025.

How has AES's electricity — cost of sales—non-regulated changed year-over-year?

AES's electricity — cost of sales—non-regulated increased by 8.8% year-over-year, from $8.5M to $9.25M.

What is the long-term trend for AES's electricity — cost of sales—non-regulated?

Over 3 years (2022 to 2025), AES's electricity — cost of sales—non-regulated has grown at a -1.7% compound annual growth rate (CAGR), from $39M to $37M.

What does electricity — cost of sales—non-regulated mean?

The direct costs incurred to generate and supply electricity in competitive, non-regulated markets.

How do you interpret electricity — cost of sales—non-regulated?

An increase suggests rising fuel prices, higher maintenance requirements, or increased volume of power purchased from third parties, potentially compressing margins. A decrease indicates improved operational efficiency, lower fuel costs, or a shift in the generation mix toward lower-cost sources.

How does electricity — cost of sales—non-regulated compare across companies?

Comparable to 'Cost of Goods Sold' or 'Direct Operating Expenses' for independent power producers and merchant generation segments at peer utilities.