The AES Corporation
0H6G.L
$14.10 2.88%
Exchange: LSE | Sector: Utilities | Industry: General Utilities
Q2 2024
Published: Aug 1, 2024

Earnings Highlights

  • Revenue of $2.94B down 2.8% year-over-year
  • EPS of $0.27 increased by 550% from previous year
  • Gross margin of 18.8%
  • Net income of 185.00M
  • "We are committed to driving efficiencies across our portfolio, which we believe will yield significant benefits moving forward." - CFO
0H6G.L
The AES Corporation

Executive Summary

The AES Corporation's Q2 2024 results reveal a notable transformation in profitability despite challenges in revenue streams. The company reported a net income of $185 million, a remarkable year-over-year increase of 574.36%, and earnings per share (EPS) rose to $0.27. However, revenue fell to $2.942 billion, reflecting a quarter-over-quarter decline of 4.64%, primarily due to decreased power demand and regulatory challenges in several markets where the company operates. Management emphasized their commitment to operational efficiency and sustainable practices during the earnings call, highlighting strategic initiatives to drive future revenue growth.

Key Performance Indicators

Revenue
Decreasing
2.94B
QoQ: -4.64% | YoY: -2.81%
Gross Profit
Increasing
553.00M
18.80% margin
QoQ: -10.66% | YoY: 11.04%
Operating Income
Increasing
483.00M
QoQ: -11.21% | YoY: 14.18%
Net Income
Increasing
185.00M
QoQ: -57.18% | YoY: 574.36%
EPS
Increasing
0.27
QoQ: -56.45% | YoY: 550.00%

Revenue Trend

Margin Analysis

Historical Earnings Comparison

PeriodRevenue ($M)EPS ($)YoY GrowthReport
Q2 2025 2,855.00 -0.07 -3.0% View
Q1 2025 2,926.00 0.07 -5.2% View
Q4 2024 2,962.00 0.79 -0.2% View
Q3 2024 3,289.00 0.71 -4.2% View
Q2 2024 2,942.00 0.27 -2.8% View