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Research Alert: Aes Q1 Earnings Surge On Renewables Strength; Net Income Rises 10x To $487m

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CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:

Net income surged to $487M from $46M, with diluted EPS reaching $0.68 vs $0.07 in the prior year. Revenue increased 9% to $3.18B, while adjusted EBITDA grew 40% to $827M, with all four business units delivering gains. The Renewables SBU led performance with adjusted EBITDA of $269M (+67%), benefiting from U.S. development services, new projects in service, and higher contracted margins in Chile and Colombia. The company filed its Q1 10-Q without issuing a press release or earnings call. Operating cash flow more than doubled to $1.20B from $545M, reflecting higher adjusted net income and favorable working capital changes. Capital expenditures increased 41% to $1.77B, with $504M of growth capex directed toward U.S. and Chile renewables projects and utility infrastructure improvements. The Utilities SBU generated strong results from AES Ohio's 2024 DRC Settlement, providing higher retail rates and transmission revenues.

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