FINWIRES · TerminalLIVE
FINWIRES

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

By

-- 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.

Related Articles

Mining & Metals

Earnings Flash (SCR.TO) Strathcona Reports Q1 Production of 116,542 boe/d (99.7% Liquids); Free Cash Flow of $47M ($0.22 / share)

$SCR.TO
Equities

Tenaris Fiscal Q1 Earnings, Revenue Rise

Tenaris (TS) reported fiscal Q1 earnings late Wednesday of $1.07 per American depository share, up from $0.94 a year earlier.Analysts polled by FactSet expected $0.89.Net sales for the quarter ended March 31 rose to $3.10 billion from $2.92 billion a year earlier.Analysts surveyed by FactSet expected $2.99 billion.For Q2, the company said it expects sales will be affected by lower shipments in the Middle East.

$TS
Research

Research Alert: American Homes 4 Rent Reports Mixed Results In Q1 2026

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:AMH delivered Q4 2025 FFO of $0.47 per share, in line with consensus, while revenue of $455M missed estimates despite 4.2% growth driven by higher rental rates. Average occupancy declined 30 bps to 95.0% and blended lease rates of +2.8% decelerated from 3.6% in Q3, signaling weakening pricing power in a challenging rental market. Management significantly lowered 2026 core NOI growth guidance to just 1.0%-3.0%, down from beginning 2025 expectations, citing economic uncertainties. The trust maintains a strong balance sheet with $5.2B total debt, no maturities until 2028, and 8.5-year average maturity. AMH plans $500M-$600M in property acquisitions and $150M-$250M in development for 2026, while executing $115M in share repurchases. We view the disappointing guidance and slowing lease growth as signs of mounting operational headwinds, though the unencumbered balance sheet and disciplined capital allocation provide some stability in the near term.

$AMH