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AES AES Utilities — CapEx

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Other financials

Income statement

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Revenue$3.2B+8.7%
Gross profit$640.0M+45.1%
Net income$487.0M+959%
EPS (diluted)$0.68+871%

Balance sheet

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Cash & equivalents$2.3B-9.6%
Total debt$1.2B+17.8%
Total equity$4.4B+27.5%
Total assets$52.8B+8.6%

Cash flow

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Operating cash flow$1.2B+120%
CapEx$1.8B+40.8%
Free cash flow-$565.0M+20.3%

Valuation

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Market cap$10.49B+14.7%
P/E7.8×-2.2×
P/S0.8×+0.1×

Profitability

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Gross margin19.3%+1.7pp
Net margin10.8%+0.2pp
FCF margin-11.8%-4.4pp

Returns & leverage

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Return on equity34.3%-6.4pp
Debt / equity0.3×0.0×
Current ratio0.7×-0.1×

Where this comes from

Reported directly by AES in its filing.

Tagged under the XBRL concept aes:CapitalExpenditures.

The source filing: AES’s 10-Q, filed May 5, 2026.

Filed
May 5, 2026, 4:06 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0000874761-26-000120
Three Months Ended March 31,Depreciation, Amortization, and Accretion of AROs / 2026Depreciation, Amortization, and Accretion of AROs / 2025Capital Expenditures / 2026Capital Expenditures / 2025
Renewables SBU$181$129$1,411$970
Utilities SBU136124366260
Energy Infrastructure SBU112812828
New Energy Technologies SBU111
Corporate and Other3342
Total$433$337$1,810$1,261

Item 1. FINANCIAL STATEMENTS (UNAUDITED)

FAQ

What is AES's utilities — capex?
AES (AES) reported utilities — capex of $366M in Q1 2026.
What does utilities — capex mean?
The cash outflows used by the utility segment to acquire, upgrade, or maintain physical assets like power generation facilities and grid infrastructure. This is a critical indicator of the company's commitment to growth and regulatory compliance requirements.

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