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-9.8% | $5.4B-13.0% | $5.63B-9.9% | $5.76B-11.3% | $5.92B-11.5% | |
| New Energy Technologies | $1M0.0% | $1M0.0% | $0-100% | $1M0.0% | $1M-50.0% | |
| Utilities | $4.25B+13.5% | $4.12B+14.2% | $3.95B+12.0% | $3.8B+10.5% | $3.74B+10.2% | |
| Segment Reporting, Other Segment Item, Amount by Business | ||||||
| Energy Infrastructure | $104M-47.5% | $113M-62.7% | $92M-75.0% | $161M-44.7% | $198M-37.0% | |
| Utilities | $341M+57.9% | $296M+41.6% | $262M+29.2% | $232M+27.8% | $216M+30.7% | |
| Total Adjusted EBITDA by Business | ||||||
| Energy Infrastructure | $1.18B-1.8% | $1.13B-13.5% | $1.17B-11.9% | $1.16B-17.9% | $1.2B-18.5% | |
| Utilities | $909M+9.1% | $863M+9.0% | $832M+5.5% | $815M+10.9% | $833M+20.6% | |
| Issued senior notes by Business | ||||||
| Corporate Segment and Other Operating Segment | $6.6B+4.8% | $6.9B— | $6.9B— | $6.6B— | $6.3B— | |
| Interest Income by Business | ||||||
| Energy Infrastructure | $154M-26.0% | $160M-31.0% | $160M-42.2% | $201M-28.3% | $208M-34.2% | |
| New Energy Technologies | $5M-37.5% | $7M0.0% | $8M+45.5% | $8M+100% | $8M+220% | |
| Utilities | $9M-18.2% | $9M-25.0% | $11M-8.3% | $11M-15.4% | $11M-8.3% | |
| Net equity in losses of affiliates by Business | ||||||
| Energy Infrastructure | $20M+81.8% | $9M-10.0% | $13M+100% | $12M+50.0% | $11M+46.7% | |
| Utilities | $8M+60.0% | $8M+100% | $6M+14.3% | $5M-9.1% | $5M+5.3% | |
| Interest Expense by Business | ||||||
| Energy Infrastructure | $296M-33.2% | $305M-39.4% | $343M-33.8% | $392M-26.9% | $443M-18.9% | |
| New Energy Technologies | $0— | $0— | $0— | $0— | $0— | |
| Utilities | $300M+0.7% | $300M+2.0% | $297M+4.7% | $300M+11.3% | $298M+16.7% | |
| Depreciation, amortization, and accretion of AROs by Business | ||||||
| Energy Infrastructure | $373M+7.8% | $342M-2.0% | $341M-1.7% | $345M-1.3% | $346M-2.9% | |
| New Energy Technologies | $3M+200% | $2M+100% | $1M-20.0% | $1M-33.3% | $1M+33.3% | |
| Utilities | $536M+13.8% | $524M+14.4% | $504M+14.0% | $490M+15.8% | $471M+14.6% | |
| Total Revenue by Product | ||||||
| Electric Transmission | $4.17B+14.0% | $4.04B+14.7% | $3.86B+12.3% | $3.72B+10.5% | $3.65B+9.9% | |
| Electricity, Generation | $8.32B-1.7% | $8.2B-6.4% | $8.23B-6.9% | $8.32B-8.3% | $8.47B-7.9% | |
| Non-regulated revenue | $8.32B-1.7% | $8.2B-6.4% | $8.23B-6.9% | $8.32B-8.3% | $8.47B-7.9% | |
| Regulated Revenue | $4.17B+14.0% | $4.04B+14.7% | $3.86B+12.3% | $3.72B+10.5% | $3.65B+9.9% | |
| Other non-606 revenue by Product | ||||||
| Non-regulated revenue | $623M-22.3% | $602M-34.1% | $632M-31.5% | $670M-25.0% | $802M-9.4% | |
| Regulated Revenue | $31M+6.9% | $31M+19.2% | $27M-3.6% | $28M0.0% | $29M-3.3% | |
| Revenue from Contract with Customer, Including Assessed Tax by Product | ||||||
| Non-regulated revenue | $7.7B+0.4% | $7.59B-3.2% | $7.6B-4.1% | $7.65B-6.4% | $7.66B-7.7% | |
| Regulated Revenue | $4.14B+14.1% | $4.01B+14.6% | $3.83B+12.5% | $3.69B+10.6% | $3.63B+10.0% | |
| Cost of Product and Service Sold by Product | ||||||
| Electric Transmission | $3.48B+13.2% | $3.42B+14.8% | $3.26B+11.8% | $3.15B+10.5% | $3.07B+6.7% | |
| Electricity, Generation | $6.6B-4.5% | $6.6B-5.5% | $6.79B-2.8% | $6.85B-2.1% | $6.91B-2.8% | |
| Financing Receivable, after Allowance for Credit Loss by Geography | ||||||
| Chile | $230M+31.4% | $220M+35.8% | $204M+36.0% | $188M+36.2% | $175M-48.8% | |
| UNITED STATES | $127M-20.1% | $128M-25.6% | $129M-55.2% | $145M-54.4% | $159M-48.9% | |
| Financing Receivable, before Allowance for Credit Loss by Geography | ||||||
| Chile | $230M+31.4% | $220M+35.8% | $204M+36.0% | $188M+36.2% | $175M-48.8% | |
| UNITED STATES | $203M+6.8% | $199M+6.4% | $196M-31.9% | $193M-39.3% | $190M-38.9% | |
| Financing Receivable, Allowance for Credit Loss by Geography | ||||||
| Chile | $0— | $0— | $0— | $0— | $0— | |
| UNITED STATES | $76M+145% | $71M+373% | $67M— | $48M— | $31M— |
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.
