NYSE$AES

AES Corp · Q2 2020 earnings

Q2 2020 earnings · · Investor relations

Briefing

AES delivered strong financial performance and achieved strategic milestones.

AES reported a diluted EPS of ($0.13) and an adjusted EPS of $0.25 for Q2 2020. The company reaffirmed its 2020 guidance and expectations, as well as its 7% to 9% average annual growth target through 2022. During the quarter, AES agreed to sell 2.0 GW of capacity and signed or awarded 852 MW of new renewables and energy storage.

  • Agreed to sell 2.0 GW of capacity, reducing generation from coal to 34% of total generation.
  • Signed or awarded 852 MW of new renewables and energy storage, for a total of 1.5 GW in year-to-date 2020.
  • Total backlog of renewables awarded, under signed PPAs or under construction of 6.2 GW.
  • Fluence maintained its global lead in the energy storage market with a total backlog of 1.6 GW.

Headline financials

Total Revenue

$2.22B

Previous: $2.48B-10.7%
EPS (adj)

$0.25

Previous: $0.26-3.8%
Capital Expenditures

-$962M

Previous: -$1.07B+10.1%
Free Cash Flow

-$1.05B

Previous: -$1.05B+0.8%
Net Income

-$83M

Previous: $17M-588.2%
Operating Income

-$226M

Previous: -$173M-30.6%
Gross Profit

$524M

Previous: $502M+4.4%
Cash & Equivalents

$1.42B

Previous: $1.17B+21.2%
Total Assets

$34.6B

Previous: $33.2B+4.0%

Revenue & EPS history

AES · Revenue · Quarterly

$2.22B

Q2 2020-10.7%vs Q2 2019
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Revenue by segment

AES · $36M total across 1 segment · Q4 2022

  • Corporate and Other
    $36M

Forward guidance

The Company is reaffirming its 2020 guidance, expectations and average annual growth rate target through 2022.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2020

Historical avgQ2 2020

+0.4%

Avg return

Earnings day

-0.8%

Avg return

5 days after

+0.9%

Avg return

30 days after

56%

41 / 73 earnings

Positive

+13.1%

Q3 2023

Best reaction

-10.7%

Q2 2011

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.6%+0.3%+3.0%
Q4 2025+7.0%-12.1%-13.8%
Q3 2025+5.8%+5.7%+3.6%
Q1 2025+2.2%+3.5%+1.4%
Q4 2024-3.5%-6.2%+7.2%
Q3 2024-10.4%-5.5%-20.6%
Q2 2024-3.7%-7.1%-3.7%
Q1 2024+2.8%+3.7%+18.8%
Q4 2023-5.6%-3.3%+7.8%
Q3 2023+13.1%+8.7%+22.1%
Q2 2023-6.7%-6.7%-15.0%
Q1 2023+1.0%-0.8%-10.1%
Q4 2022-2.5%-0.9%-7.3%
Q3 2022+2.3%+0.2%+9.5%
Q2 2022+3.8%+6.2%+13.7%
Q1 2022-4.5%-8.9%+1.6%
Q4 2021+2.7%+0.6%+18.6%
Q3 2021-1.0%-5.8%-6.3%
Q2 2021+3.9%+1.0%+3.0%
Q1 2021-2.6%-4.3%-5.7%
Q4 2020-5.1%-4.3%-6.0%
Q3 2020+0.0%+1.5%+0.5%
Q2 2020+11.4%+10.3%+14.1%
Q1 2020+2.7%-0.5%+14.1%
Q4 2019-0.4%-2.5%-26.5%
Q3 2019+2.2%+4.3%+8.9%
Q2 2019-4.0%-4.6%-5.4%
Q1 2019-4.9%-3.3%+0.9%
Q4 2018-0.3%-1.0%+4.6%
Q3 2018+3.5%+3.0%+2.5%
Q2 2018+0.9%-1.9%-3.9%
Q1 2018-2.4%-0.6%+2.8%
Q4 2017+4.0%+3.9%+8.8%
Q3 2017-0.8%-0.6%+0.9%
Q2 2017+1.4%+0.0%+0.5%
Q1 2017+0.2%+0.1%+2.2%
Q4 2016-3.4%-3.2%-5.7%
Q3 2016+5.6%+2.2%-4.9%
Q2 2016-1.9%-1.9%-1.5%
Q1 2016+3.3%
Q4 2015+4.1%
Q3 2015-5.7%
Q2 2015-2.3%
Q1 2015+0.4%
Q4 2014+8.1%
Q3 2014-3.5%
Q2 2014+2.7%
Q1 2014-3.0%
Q4 2013-3.6%
Q3 2013+1.1%
Q2 2013+1.7%
Q1 2013-4.2%
Q4 2012+6.1%
Q3 2012-3.1%
Q2 2012-5.9%
Q1 2012-1.1%
Q4 2011-2.6%
Q3 2011+3.0%
Q2 2011-10.7%
Q1 2011+0.2%
Q4 2010+3.8%
Q3 2010-1.2%
Q2 2010+3.7%
Q4 2009-0.6%
Q1 2010+2.1%
Q3 2009+0.4%
Q3 2008+0.4%
Q4 2006+1.4%
Q1 2009+1.4%
Q4 2007+1.4%
Q2 2008+6.4%
Q4 2008+6.4%
Q2 2009+6.4%

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