AES AES Business Segments
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Total Revenue by Business | ||||||
| Corporate Other And Other Eliminations | -$32M+53.6% | —— | -$54M-31.7% | -$49M-40.0% | -$69M-72.5% | |
| Energy Infrastructure | $1.26B-4.8% | $1.29B-15.0% | $1.48B-8.1% | $1.31B-10.7% | $1.32B-18.0% | |
| New Energy Technologies | $0— | $1M— | $0-100% | $0— | $0— | |
| Utilities | $1.14B+12.6% | $1.05B+20.0% | $1.11B+15.0% | $954M+6.5% | $1.01B+15.6% | |
| Segment Reporting, Other Segment Item, Amount by Business | ||||||
| Energy Infrastructure | $7M-56.3% | $21M— | $72M-48.9% | $4M-90.2% | $16M-86.8% | |
| New Energy Technologies | $18M-30.8% | —— | $0-100% | $15M+36.4% | $26M+62.5% | |
| Utilities | $101M+80.4% | $79M+75.6% | $90M+50.0% | $71M+29.1% | $56M+14.3% | |
| Total Adjusted EBITDA by Business | ||||||
| Energy Infrastructure | $306M+20.5% | $321M-10.1% | $301M+3.8% | $254M-16.2% | $254M-28.7% | |
| New Energy Technologies | -$21M+16.0% | —— | -$3M+57.1% | -$17M-21.4% | -$25M-47.1% | |
| Utilities | $269M+20.6% | $204M+17.9% | $240M+7.6% | $196M-8.4% | $223M+22.5% | |
| Total cost of sales excluding depreciation, amortization, and accretion of AROs by Business | ||||||
| Energy Infrastructure | $943M-10.2% | —— | —— | —— | $1.05B— | |
| New Energy Technologies | $3M+400% | —— | —— | —— | -$1M— | |
| Utilities | $766M+4.9% | —— | —— | —— | $730M— | |
| Issued senior notes by Business | ||||||
| Corporate Other And Other | $1.8B— | $1.8B0.0% | —— | —— | —— | |
| Corporate Segment and Other Operating Segment | $1.5B-16.7% | $1.5B0.0% | $1.8B+20.0% | $1.8B+20.0% | $1.8B— | |
| Interest Income by Business | ||||||
| Energy Infrastructure | $35M-14.6% | $39M0.0% | $39M-51.2% | $41M-14.6% | $41M-36.9% | |
| New Energy Technologies | $0-100% | $1M-50.0% | $2M0.0% | $2M0.0% | $2M+100% | |
| Utilities | $2M0.0% | $1M-66.7% | $2M0.0% | $4M0.0% | $2M-33.3% | |
| Net equity in losses of affiliates by Business | ||||||
| Energy Infrastructure | $15M+275% | $1M-80.0% | $1M— | $3M+50.0% | $4M+33.3% | |
| New Energy Technologies | -$17M+37.0% | —— | -$3M+50.0% | -$17M-54.5% | -$27M-58.8% | |
| Utilities | $2M0.0% | $2M— | $2M+100% | $2M0.0% | $2M+100% | |
| Interest Expense by Business | ||||||
| Energy Infrastructure | $65M-12.2% | $84M-31.1% | $71M-40.8% | $76M-40.2% | $74M-44.8% | |
| New Energy Technologies | $0— | $0— | $0— | $0— | $0— | |
| Utilities | $77M0.0% | $74M+4.2% | $72M-4.0% | $77M+2.7% | $77M+5.5% | |
| Depreciation, amortization, and accretion of AROs by Business | ||||||
| Energy Infrastructure | $112M+38.3% | $94M+1.1% | $84M-4.5% | $83M-1.2% | $81M-3.6% | |
| New Energy Technologies | $1M— | $1M— | $0— | $1M0.0% | $0— | |
| Utilities | $136M+9.7% | $136M+17.2% | $133M+11.8% | $131M+17.0% | $124M+11.7% | |
| Capital Expenditures by Business | ||||||
| Energy Infrastructure | $28M0.0% | —— | —— | —— | $28M— | |
| New Energy Technologies | $1M0.0% | —— | —— | —— | $1M— | |
| Utilities | $366M+40.8% | —— | —— | —— | $260M— | |
| Total Revenue by Product | ||||||
| Electric Transmission | $1.11B+13.1% | $1.04B+20.7% | $1.08B+15.5% | $933M+7.0% | $985M+15.5% | |
| Electricity, Generation | $2.07B+6.4% | $2.06B-1.9% | $2.27B-3.5% | $1.92B-7.1% | $1.94B-13.0% | |
| Non-regulated revenue | $2.07B+6.4% | $2.06B-1.9% | $2.27B-3.5% | $1.92B-7.1% | $1.94B-13.0% | |
| Regulated Revenue | $1.11B+13.1% | $1.04B+20.7% | $1.08B+15.5% | $933M+7.0% | $985M+15.5% | |
| Other non-606 revenue by Product | ||||||
| Non-regulated revenue | $166M+14.5% | $147M-16.9% | $233M-14.0% | $77M-63.2% | $145M-43.6% | |
| Regulated Revenue | $9M0.0% | $9M+80.0% | $7M-12.5% | $6M-14.3% | $9M+50.0% | |
| Revenue from Contract with Customer, Including Assessed Tax by Product | ||||||
| Non-regulated revenue | $1.9B+5.8% | $1.92B-0.5% | $2.04B-2.2% | $1.85B-0.9% | $1.8B-9.1% | |
| Regulated Revenue | $1.11B+13.2% | $1.03B+20.4% | $1.08B+15.7% | $927M+7.2% | $976M+15.2% | |
| Cost of Product and Service Sold by Product | ||||||
| Electric Transmission | $881M+6.9% | $914M+21.1% | $886M+14.6% | $795M+10.7% | $824M+12.4% | |
| Electricity, Generation | $1.66B-0.1% | $1.61B-10.2% | $1.73B-3.6% | $1.61B-3.8% | $1.66B-4.2% | |
| Financing Receivable, after Allowance for Credit Loss by Geography | ||||||
| Chile | $59M+20.4% | $61M+35.6% | $57M+39.0% | $53M+32.5% | $49M+36.1% | |
| UNITED STATES | $32M-3.0% | $32M-3.0% | $31M-34.0% | $32M-30.4% | $33M-28.3% | |
| Financing Receivable, before Allowance for Credit Loss by Geography | ||||||
| Chile | $59M+20.4% | $61M+35.6% | $57M+39.0% | $53M+32.5% | $49M+36.1% | |
| UNITED STATES | $53M+8.2% | $51M+6.3% | $50M+6.4% | $49M+6.5% | $49M+6.5% | |
| Financing Receivable, Allowance for Credit Loss by Geography | ||||||
| Chile | $0— | $0— | $0— | $0— | $0— | |
| UNITED STATES | $21M+31.3% | $19M+26.7% | $19M— | $17M— | $16M— |
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.
