AES AES Business Segments
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Total Revenue by Business | ||||||
| Corporate Other And Other Eliminations | -$32M— | —— | -$54M-10.2% | -$49M+29.0% | -$69M— | |
| Energy Infrastructure | $1.26B-2.9% | $1.29B-12.8% | $1.48B+13.6% | $1.31B-1.1% | $1.32B-13.3% | |
| New Energy Technologies | $0-100% | $1M— | $0— | $0— | $0— | |
| Utilities | $1.14B+7.8% | $1.05B-4.6% | $1.11B+15.8% | $954M-5.5% | $1.01B+14.9% | |
| Segment Reporting, Other Segment Item, Amount by Business | ||||||
| Energy Infrastructure | $7M-66.7% | $21M-70.8% | $72M+1,700% | $4M-75.0% | $16M— | |
| New Energy Technologies | $18M— | —— | $0-100% | $15M-42.3% | $26M— | |
| Utilities | $101M+27.8% | $79M-12.2% | $90M+26.8% | $71M+26.8% | $56M+24.4% | |
| Total Adjusted EBITDA by Business | ||||||
| Energy Infrastructure | $306M-4.7% | $321M+6.6% | $301M+18.5% | $254M0.0% | $254M-28.9% | |
| New Energy Technologies | -$21M— | —— | -$3M+82.4% | -$17M+32.0% | -$25M— | |
| Utilities | $269M+31.9% | $204M-15.0% | $240M+22.4% | $196M-12.1% | $223M+28.9% | |
| Total cost of sales excluding depreciation, amortization, and accretion of AROs by Business | ||||||
| Energy Infrastructure | $943M— | —— | —— | —— | $1.05B— | |
| New Energy Technologies | $3M— | —— | —— | —— | -$1M— | |
| Utilities | $766M— | —— | —— | —— | $730M— | |
| Issued senior notes by Business | ||||||
| Corporate Other And Other | $1.8B0.0% | $1.8B— | —— | —— | —— | |
| Corporate Segment and Other Operating Segment | $1.5B0.0% | $1.5B-16.7% | $1.8B0.0% | $1.8B0.0% | $1.8B+20.0% | |
| Interest Income by Business | ||||||
| Energy Infrastructure | $35M-10.3% | $39M0.0% | $39M-4.9% | $41M0.0% | $41M+5.1% | |
| New Energy Technologies | $0-100% | $1M-50.0% | $2M0.0% | $2M0.0% | $2M0.0% | |
| Utilities | $2M+100% | $1M-50.0% | $2M-50.0% | $4M+100% | $2M-33.3% | |
| Net equity in losses of affiliates by Business | ||||||
| Energy Infrastructure | $15M+1,400% | $1M0.0% | $1M-66.7% | $3M-25.0% | $4M-20.0% | |
| New Energy Technologies | -$17M— | —— | -$3M+82.4% | -$17M+37.0% | -$27M— | |
| Utilities | $2M0.0% | $2M0.0% | $2M0.0% | $2M0.0% | $2M— | |
| Interest Expense by Business | ||||||
| Energy Infrastructure | $65M-22.6% | $84M+18.3% | $71M-6.6% | $76M+2.7% | $74M-39.3% | |
| New Energy Technologies | $0— | $0— | $0— | $0— | $0— | |
| Utilities | $77M+4.1% | $74M+2.8% | $72M-6.5% | $77M0.0% | $77M+8.5% | |
| Depreciation, amortization, and accretion of AROs by Business | ||||||
| Energy Infrastructure | $112M+19.1% | $94M+11.9% | $84M+1.2% | $83M+2.5% | $81M-12.9% | |
| New Energy Technologies | $1M0.0% | $1M— | $0-100% | $1M— | $0— | |
| Utilities | $136M0.0% | $136M+2.3% | $133M+1.5% | $131M+5.6% | $124M+6.9% | |
| Capital Expenditures by Business | ||||||
| Energy Infrastructure | $28M— | —— | —— | —— | $28M— | |
| New Energy Technologies | $1M— | —— | —— | —— | $1M— | |
| Utilities | $366M— | —— | —— | —— | $260M— | |
| Total Revenue by Product | ||||||
| Electric Transmission | $1.11B+7.3% | $1.04B-4.1% | $1.08B+16.0% | $933M-5.3% | $985M+14.5% | |
| Electricity, Generation | $2.07B+0.1% | $2.06B-9.1% | $2.27B+18.1% | $1.92B-1.0% | $1.94B-7.7% | |
| Non-regulated revenue | $2.07B+0.1% | $2.06B-9.1% | $2.27B+18.1% | $1.92B-1.0% | $1.94B-7.7% | |
| Regulated Revenue | $1.11B+7.3% | $1.04B-4.1% | $1.08B+16.0% | $933M-5.3% | $985M+14.5% | |
| Other non-606 revenue by Product | ||||||
| Non-regulated revenue | $166M+12.9% | $147M-36.9% | $233M+203% | $77M-46.9% | $145M-18.1% | |
| Regulated Revenue | $9M0.0% | $9M+28.6% | $7M+16.7% | $6M-33.3% | $9M+80.0% | |
| Revenue from Contract with Customer, Including Assessed Tax by Product | ||||||
| Non-regulated revenue | $1.9B-0.8% | $1.92B-5.9% | $2.04B+10.4% | $1.85B+2.7% | $1.8B-6.7% | |
| Regulated Revenue | $1.11B+7.4% | $1.03B-4.3% | $1.08B+16.0% | $927M-5.0% | $976M+14.2% | |
| Cost of Product and Service Sold by Product | ||||||
| Electric Transmission | $881M-3.6% | $914M+3.2% | $886M+11.4% | $795M-3.5% | $824M+9.1% | |
| Electricity, Generation | $1.66B+3.4% | $1.61B-7.2% | $1.73B+7.7% | $1.61B-3.3% | $1.66B-7.1% | |
| Financing Receivable, after Allowance for Credit Loss by Geography | ||||||
| Chile | $59M-3.3% | $61M+7.0% | $57M+7.5% | $53M+8.2% | $49M+8.9% | |
| UNITED STATES | $32M0.0% | $32M+3.2% | $31M-3.1% | $32M-3.0% | $33M0.0% | |
| Financing Receivable, before Allowance for Credit Loss by Geography | ||||||
| Chile | $59M-3.3% | $61M+7.0% | $57M+7.5% | $53M+8.2% | $49M+8.9% | |
| UNITED STATES | $53M+3.9% | $51M+2.0% | $50M+2.0% | $49M0.0% | $49M+2.1% | |
| Financing Receivable, Allowance for Credit Loss by Geography | ||||||
| Chile | $0— | $0— | $0— | $0— | $0— | |
| UNITED STATES | $21M+10.5% | $19M0.0% | $19M+11.8% | $17M+6.3% | $16M+6.7% |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- How does AES break its business down?
- AES (AES) reports total revenue by business across 4 parts — Corporate Other And Other Eliminations, Energy Infrastructure, New Energy Technologies and Utilities. Each is extracted from the segment footnotes and tracked over time.
- Where does AES's segment data come from?
- Segment breakdowns are pulled from the segment footnotes in AES's SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.
