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AES AES Utilities — Total Adjusted EBITDA

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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:TotalAdjustedEBITDA.

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
Line itemRenewables SBUUtilities SBUEnergy Infrastructure SBUNew Energy Technologies SBUTotal
Less:
Total cost of sales excluding depreciation, amortization, and accretion of AROs (1)4777669433
Other segment items (2)74101718
Segment Adjusted EBITDA$269$269$306$(21)$823
Reconciliation to income from continuing operations before taxes:
Corporate and other(1)
Eliminations5
Interest expense(353)

Item 1. FINANCIAL STATEMENTS (UNAUDITED)

FAQ

What is AES's utilities — total adjusted EBITDA?
AES (AES) reported utilities — total adjusted EBITDA of $269M in Q1 2026.
How has AES's utilities — total adjusted EBITDA changed year-over-year?
AES's utilities — total adjusted EBITDA increased by 20.6% year-over-year, from $223M to $269M.
What is the long-term trend for AES's utilities — total adjusted EBITDA?
Over 3 years (2022 to 2025), AES's utilities — total adjusted EBITDA has grown at a 12.1% compound annual growth rate (CAGR), from $612M to $863M.
What does utilities — total adjusted EBITDA mean?
A non-GAAP measure representing the earnings of the utility segment before interest, taxes, depreciation, and amortization, adjusted for non-recurring or non-cash items. It serves as a primary indicator of the segment's core operational profitability and cash-generating capability.

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