AES Corp. reports Q4 EPS 73c, consensus 67c

Reports Q4 revenue $2.97B, consensus $3.36B. “Overall, 2023 was AES‘ best year ever in terms of both execution and financial performance. We exceeded almost all of our strategic objectives, including increasing renewables construction by 100% to 3.5 GW and signing 5.6 GW of new PPAs,” said Andres Gluski, CEO. “Our backlog of signed PPAs now stands at 12.3 GW and we continue to see strong and growing demand from our corporate customers, including data center companies. We are therefore very well-positioned to add 3.6 GW of new capacity to our operating portfolio in 2024 and sign 14 to 17 GW of new renewable contracts from 2023 through 2025.”