AES CORP (AES) Form 10-Q — Nov 3, 2026
AES reported Q3 2026 revenue of $3.872 billion, up 15.5% from $3.351 billion a year earlier, but net income attributable to AES fell to $553 million from $639 million, with diluted EPS of $0.76 versus $0.89. Nine-month EPS nearly tripled to $2.04 from $0.81, aided by a $186 million pre-tax gain on the partial Fluence stake sale and $212 million of disposal gains. The quarter's dominant item is the pending take-private merger at $15.00 per share in cash, led by investment vehicles of Global Infrastructure Management and EQT Infrastructure VI.
Key figures
- Eps
- 0.76
- Revenue
- 3872000000
- Net Income
- 553000000
- Total Debt
- 0
- Revenue Yoy
- Q3: +15.5% (3,872M vs 3,351M); nine months: 10,474M vs 9,132M
- Total Assets
- 0
- Cash Position
- 1972000000
- Shares Outstanding
- 713564658
- Q3 2025 eps
- 0.89
- Recourse debt
- $6,361 million carrying value
- Debt in default
- $18 million AES Ilumina technical covenant default
- Non recourse debt
- $26,037 million carrying value
- Nine month eps 2025
- 0.81
- Nine month eps 2026
- 2.04
- Merger price per share
- $15.00 cash
- Parent termination fee
- $100 million or approximately $588 million
- Company termination fee
- $321 million
- Tax credit transfers 2026
- $535 million
- Impairment expense nine months
- $133 million (including $128 million AES Clean Energy Development project write-offs)
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