AES Q2 net income swings to profit at $387 million; revenue rises 20% to $3.42 billion vs FY25
AES•Merger-related costs and expenses increase
- A proposed merger with Horizon Parent remained pending.
- General and administrative expenses rose 27% to $62 million, including $11 million of merger-related costs.
Q2 results improve on higher renewables and infrastructure performance
- AES swung to net income of $387 million in Q2, from a net loss of $150 million a year earlier.
- Revenue rose 20% to $3.42 billion, driven by gains at Renewables and Energy Infrastructure.
- Operating margin climbed 53% to $692 million, on higher Renewables margins and stronger spot-market results in Energy Infrastructure.
- Adjusted EBITDA (non-GAAP) increased 32% to $898 million, reflecting higher development services in the U.S. and improved retail margin at AES Ohio.
