Every 10-Q that AES Corporation (AES) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow AES and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full AES filings page.
The AES Corporation reported higher revenue and a return to profitability for the six months ended June 30, 2026. Total revenue reached $6.602 billion versus $5.781 billion a year earlier, and net income attributable to AES was $913 million compared with a loss of $49 million; basic and diluted EPS were $1.28 versus a loss of $0.08.
Operating cash flow was $2.247 billion, supporting $3.409 billion of capital expenditures, which helped increase property, plant and equipment to $40.657 billion. Non‑recourse project debt rose to $25.222 billion and recourse debt to $6.1 billion, while cash and restricted cash totaled $2.383 billion. Supplier financing arrangements outstanding were $826 million.
AES continued monetizing renewable tax credits, executing $535 million of investment tax credit transfer agreements in 2026, including $496 million allocated to noncontrolling interests and $39 million benefiting AES. Consolidated VIEs may require up to $3.1 billion of additional equity, contingent on project milestones. A cash merger with Horizon Parent, L.P. at $15.00 per share has stockholder approval and HSR clearance but remains subject to utility, FERC, CFIUS and foreign regulatory approvals and other closing conditions; termination fees under specified scenarios range from $100 million to approximately $588 million.
The AES Corporation reported sharply improved quarterly results and agreed to be acquired in an all-cash merger. For the three months ended March 31, 2026, total revenue rose to $3.18 billion from $2.93 billion, driven by both non-regulated and regulated operations, while operating margin increased to $640 million from $441 million.
Net income attributable to AES jumped to $487 million from $46 million, with diluted EPS rising to $0.68 from $0.07. Operating cash flow grew to $1.20 billion versus $545 million, though capital expenditures of $1.77 billion led to negative free cash flow. Recourse debt totaled $6.17 billion and non‑recourse debt $24.08 billion, supporting a large renewables and utility portfolio.
On March 1, 2026, AES entered a Merger Agreement under which Horizon Merger Sub, backed by Global Infrastructure Management and the EQT Infrastructure VI fund, will merge with AES. Each AES share will be converted into the right to receive $15.00 in cash, subject to stockholder approval and multiple regulatory and closing conditions.
The AES Corporation filed its quarterly report for the period ended September 30, 2025, showing steady top-line results and stronger profitability. Total revenue was $3,351 million versus $3,289 million a year ago, with regulated revenue rising to $1,082 million from $937 million. Operating margin improved to $735 million from $722 million as cost of sales held roughly flat.
Income from continuing operations increased to $554 million from $222 million, supported by an income tax benefit of $226 million compared to a prior-year expense. Net income attributable to AES rose to $639 million from $504 million, and diluted EPS was $0.89 versus $0.71. Year-to-date operating cash flow reached $2,818 million, while capital expenditures were $4,394 million. The balance sheet reflects total assets of $50,783 million, with non-recourse debt of $24,603 million and recourse debt of $6,246 million. Shares outstanding were 712,120,944 as of October 31, 2025.