AES AES Business Segments
| TTM Q1 '26 | TTM Q4 '25 | TTM Q3 '25 | TTM Q2 '25 | TTM Q1 '25 | ||
|---|---|---|---|---|---|---|
| Total Revenue by Business | ||||||
| Energy Infrastructure | $5.34B-1.2% | $5.4B-4.1% | $5.63B-2.3% | $5.76B-2.6% | $5.92B-4.7% | |
| New Energy Technologies | $1M0.0% | $1M— | $0-100% | $1M0.0% | $1M0.0% | |
| Utilities | $4.25B+3.1% | $4.12B+4.5% | $3.95B+3.8% | $3.8B+1.5% | $3.74B+3.8% | |
| Segment Reporting, Other Segment Item, Amount by Business | ||||||
| Energy Infrastructure | $104M-8.0% | $113M+22.8% | $92M-42.9% | $161M-18.7% | $198M-34.7% | |
| Utilities | $341M+15.2% | $296M+13.0% | $262M+12.9% | $232M+7.4% | $216M+3.3% | |
| Total Adjusted EBITDA by Business | ||||||
| Energy Infrastructure | $1.18B+4.6% | $1.13B-3.1% | $1.17B+1.0% | $1.16B-4.1% | $1.2B-7.8% | |
| Utilities | $909M+5.3% | $863M+3.7% | $832M+2.1% | $815M-2.2% | $833M+5.2% | |
| Issued senior notes by Business | ||||||
| Corporate Segment and Other Operating Segment | $6.6B-4.3% | $6.9B0.0% | $6.9B+4.5% | $6.6B+4.8% | $6.3B— | |
| Interest Income by Business | ||||||
| Energy Infrastructure | $154M-3.8% | $160M0.0% | $160M-20.4% | $201M-3.4% | $208M-10.3% | |
| New Energy Technologies | $5M-28.6% | $7M-12.5% | $8M0.0% | $8M0.0% | $8M+14.3% | |
| Utilities | $9M0.0% | $9M-18.2% | $11M0.0% | $11M0.0% | $11M-8.3% | |
| Net equity in losses of affiliates by Business | ||||||
| Energy Infrastructure | $20M+122% | $9M-30.8% | $13M+8.3% | $12M+9.1% | $11M+10.0% | |
| Utilities | $8M0.0% | $8M+33.3% | $6M+20.0% | $5M0.0% | $5M+25.0% | |
| Interest Expense by Business | ||||||
| Energy Infrastructure | $296M-3.0% | $305M-11.1% | $343M-12.5% | $392M-11.5% | $443M-11.9% | |
| New Energy Technologies | $0— | $0— | $0— | $0— | $0— | |
| Utilities | $300M0.0% | $300M+1.0% | $297M-1.0% | $300M+0.7% | $298M+1.4% | |
| Depreciation, amortization, and accretion of AROs by Business | ||||||
| Energy Infrastructure | $373M+9.1% | $342M+0.3% | $341M-1.2% | $345M-0.3% | $346M-0.9% | |
| New Energy Technologies | $3M+50.0% | $2M+100% | $1M0.0% | $1M0.0% | $1M0.0% | |
| Utilities | $536M+2.3% | $524M+4.0% | $504M+2.9% | $490M+4.0% | $471M+2.8% | |
| Total Revenue by Product | ||||||
| Electric Transmission | $4.17B+3.2% | $4.04B+4.6% | $3.86B+3.9% | $3.72B+1.7% | $3.65B+3.7% | |
| Electricity, Generation | $8.32B+1.5% | $8.2B-0.5% | $8.23B-1.0% | $8.32B-1.7% | $8.47B-3.3% | |
| Non-regulated revenue | $8.32B+1.5% | $8.2B-0.5% | $8.23B-1.0% | $8.32B-1.7% | $8.47B-3.3% | |
| Regulated Revenue | $4.17B+3.2% | $4.04B+4.6% | $3.86B+3.9% | $3.72B+1.7% | $3.65B+3.7% | |
| Other non-606 revenue by Product | ||||||
| Non-regulated revenue | $623M+3.5% | $602M-4.7% | $632M-5.7% | $670M-16.5% | $802M-12.3% | |
| Regulated Revenue | $31M0.0% | $31M+14.8% | $27M-3.6% | $28M-3.4% | $29M+11.5% | |
| Revenue from Contract with Customer, Including Assessed Tax by Product | ||||||
| Non-regulated revenue | $7.7B+1.4% | $7.59B-0.1% | $7.6B-0.6% | $7.65B-0.2% | $7.66B-2.3% | |
| Regulated Revenue | $4.14B+3.2% | $4.01B+4.5% | $3.83B+4.0% | $3.69B+1.7% | $3.63B+3.7% | |
| Cost of Product and Service Sold by Product | ||||||
| Electric Transmission | $3.48B+1.7% | $3.42B+4.9% | $3.26B+3.6% | $3.15B+2.5% | $3.07B+3.1% | |
| Electricity, Generation | $6.6B0.0% | $6.6B-2.7% | $6.79B-0.9% | $6.85B-0.9% | $6.91B-1.0% | |
| Financing Receivable, after Allowance for Credit Loss by Geography | ||||||
| Chile | $230M+4.5% | $220M+7.8% | $204M+8.5% | $188M+7.4% | $175M+8.0% | |
| UNITED STATES | $127M-0.8% | $128M-0.8% | $129M-11.0% | $145M-8.8% | $159M-7.6% | |
| Financing Receivable, before Allowance for Credit Loss by Geography | ||||||
| Chile | $230M+4.5% | $220M+7.8% | $204M+8.5% | $188M+7.4% | $175M+8.0% | |
| UNITED STATES | $203M+2.0% | $199M+1.5% | $196M+1.6% | $193M+1.6% | $190M+1.6% | |
| Financing Receivable, Allowance for Credit Loss by Geography | ||||||
| Chile | $0— | $0— | $0— | $0— | $0— | |
| UNITED STATES | $76M+7.0% | $71M+6.0% | $67M+39.6% | $48M+54.8% | $31M+107% |
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.
