Last $14.08 USD
Change Today -0.02 / -0.14%
Volume 4.2M
AES On Other Exchanges
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As of 8:04 PM 11/24/14 All times are local (Market data is delayed by at least 15 minutes).

aes corp (AES) Snapshot

Open
$14.14
Previous Close
$14.10
Day High
$14.18
Day Low
$14.03
52 Week High
06/30/14 - $15.65
52 Week Low
10/15/14 - $12.38
Market Cap
10.0B
Average Volume 10 Days
6.3M
EPS TTM
$1.15
Shares Outstanding
713.0M
EX-Date
10/30/14
P/E TM
12.2x
Dividend
$0.20
Dividend Yield
1.42%
Current Stock Chart for AES CORP (AES)

aes corp (AES) Related Businessweek News

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aes corp (AES) Details

The AES Corporation operates as a diversified power generation and utility company. It owns and/or operates power plants to generate and sell power to customers, such as utilities, industrial users, and other intermediaries. The company also owns and/or operates utilities to generate or purchase, distribute, transmit, and sell electricity to end-user customers in the residential, commercial, industrial, and governmental sectors; and generates and sells electricity to the wholesale market. It uses a range of fuels to generate electricity, including coal, gas, fuel oil, water, wind, and solar, as well as hydro, energy storage, biomass, and landfill gas. The company owns and/or operates a generation portfolio of approximately 29,289 megawatts. It has operations in the United States, Chile, Colombia, Argentina, Brazil, Mexico, Central America, the Caribbean, Europe, the Middle East, Africa, and Asia. The company was formerly known as Applied Energy Services, Inc. and changed its name to The AES Corporation in April 2000. The AES Corporation was founded in 1981 and is headquartered in Arlington, Virginia.

22,000 Employees
Last Reported Date: 02/26/14
Founded in 1981

aes corp (AES) Top Compensated Officers

Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $650.0K
Executive Vice President, General Counsel and...
Total Annual Compensation: $568.0K
Chief Information Officer and Senior Vice Pre...
Total Annual Compensation: $420.0K
Compensation as of Fiscal Year 2013.

aes corp (AES) Key Developments

AES Corporation Appoints William Kieckhafer as New President and Chief Operating Officer

AES Corporation appointed William Kieckhafer to the position of President and Chief Operating Officer. Kieckhafer is a strong leader of high-performance teams and builder of thriving organisations. Kieckhafer is responsible for the development and implementation of the Company's vision, mission, and business plans to advance the Company's initiatives. Prior to joining the AES management team, he held high ranking roles at small privately-held and multi-billion dollar business-to-business manufacturing companies with offices and distribution channels worldwide. He will be providing expertise in value driven enterprises, strategic direction, and opportunities for continued growth. Mr. Kieckhafer currently serves on the board of advisors for two privately-held companies.

The AES Corporation Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Revises Earnings Guidance for the Full Year of 2014 and Provides Earnings Guidance for the Full Year of 2015; Reports Impairment Charges for the Third Quarter Ended September 30, 2014

The AES Corporation reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported total revenue of $4,441 million compared to $3,996 million last year. Income from continuing operations before taxes and equity in earnings of affiliates was $606 million compared to $450 million last year. Income from continuing operations were $508 million or $0.67 per diluted share compared to $339 million or $0.23 per diluted share last year. Net income attributable to the common shareholders was $488 million or $0.67 per diluted share compared to $71 million or $0.09 per diluted share last year. Net cash provided by operating activities was $763 million compared to $855 million last year. Capital expenditures were $481 million compared to $464 million last year. Maintenance capital expenditures were $169 million compared to $166 million last year. Environmental capital expenditures were $62 million compared to $72 million last year. Growth capital expenditures were $298 million compared to $405 million last year. Total capital expenditures $529 million compared to $643 million a year ago. Free cash flow was $578 million compared to $667 million a year ago. Adjusted EPS was $0.37 compared to $0.39 a year ago. Proportional Free cash flow was $427 million compared to $397 million last year. Proportional operating cash flow was $555 million compared to $528 million last year. For the nine months, the company reported total revenue of $13,014 million compared to $12,091 million last year. Income from continuing operations before taxes and equity in earnings of affiliates was $1,142 million compared $1,167 million last year. Income from continuing operations was $878 million or $0.81 per diluted share compared to $903 million or $0.61 per diluted share last year. Net income attributable to the common share holders were $563 million or $0.78 per diluted share compared to $320 million or $0.43 per diluted share last year. Net cash provided by operating activities was $1,216 million compared to $2,040 million last year. Capital expenditures were $1,389 million compared to $1,330 million last year. Total capital expenditures were $1,749 million compared to $1,766 million last year. Maintenance capital expenditures were $458 million compared to $526 million last year. Environmental capital expenditures were $172 million compared to $145 million last year. Growth capital expenditures were $1,119 million compared to $1,095 million last year. Free cash flow was $706 million compared to $1,445 million a year ago. Adjusted earnings per share were $0.89 compared to $1.01 per share last year. Proportional operating cash flow was $965 million compared to $1,346 million last year. Proportional free cash flow was $604 million compared to $923 million last year. The company revised earnings guidance for the full year of 2014 and provides earnings guidance for the full year of 2015. For 2014, the company expects consolidated adjusted earnings per share of $1.25 to $1.31 against $1.30 to $1.38 as previously forecasted. Net cash provided by operating activities is expected to be in the range of $1,800 million to $2,200 million against $2,200 million to $2,800 million as previously forecasted. Proportional free cash flow is expected to be in the range of $900 million to $1,000 million against $1,000 million to $1,300 million as previously forecasted. Maintenance capital expenditures are expected to be in the range of $650 million to $850 million against $700 million to $1,000 million as previously forecasted. Free cash flow is expected to be in the range of $1,050 million to $1,450 million against $1,350 million to $1,950 million as previously forecasted. Proportional net cash provided by operating activities is expected to be in the range of $1,450 million to $1,550 million against $1,650 million to $1,950 million as previously forecasted. Proportional maintenance capital expenditures are expected to be in the range of $450 million to $650 million against $500 million to $800 million as previously forecasted. For 2015, the company expects consolidated adjusted earnings per share to be in the range of $1.30 to $1.40, net cash provided by operating activities is expected to be in the range of $2,000 million to $2,800 million, proportional net cash provided by operating activities is expected to be in the range of $1,650 million to $2,000 million, maintenance capital expenditures are expected to be in the range of $700 million to $1,000 million, proportional maintenance capital expenditures are expected to be in the range of $500 million to $1,350 million, free cash flow is expected to be in the range of $1,150 million to $1,950 million, proportional free cash flow is expected to be in the range of $1,000 million to $1,350 million. For the quarter, the company reported asset impairment expense was $15 million against $16 million a year ago.

AES Southland to Help SCE Meet Local Power Reliability with 20-Year Power Purchase Agreement

AES Southland announced that it has been awarded a 20 year Power Purchase Agreement (PPA) by Southern California Edison (SCE), to provide 100 MW of interconnected battery-based energy storage, a 200 MW flexible power resource. This new capacity can deliver 400 MWh of energy and will be built south of Los Angeles at the Alamitos Power Center in Long Beach, California. The scale of this award brings advanced energy storage to a new phase, recognizing it as a true alternative to a traditional peaking plant. This selection is an outcome of SCE's 2013 Local Capacity Requirements Request For Offer (RFO), a competitive solicitation for new power capacity in the Western Los Angeles Basin. SCE reported that more than 1,800 offers were submitted, including thermal generation, demand response, preferred resources and energy storage. This award is an industry first for the selection of energy storage in a competitive solicitation with other peak and flexible power capacity alternatives. Advanced energy storage was chosen as a cost effective way to ensure critical power system reliability in the Western Los Angeles Basin. This award comes as California seeks a variety of new generating resources and advanced energy solutions to replace the retired San Onofre Nuclear Generating Station and a number of older natural gas-fired power plants which will retire to comply with California's policy on the use of ocean water for cooling. AES has also been awarded contracts by SCE for new combined cycle power plants at its existing Huntington Beach and Long Beach facilities. In choosing AES' Advancion(TM) solution for energy storage, SCE will benefit from the Company's fourth-generation, complete battery-based alternative to a peaking power plant. It is built with pre-qualified battery technology from best in class suppliers and incorporates AES' more than five years of commercial experience with advanced energy storage and more than 30 years of experience in serving utilities around the world. The resource acts as both generation and load, enabling more than twice the flexible range of a traditional peaker plant on the same transmission infrastructure. Advancion is continuously available, without burning fuel, and is designed as a scalable resource, offering the ability to grow over time to meet future power needs.

 

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AES

Industry Average

Valuation AES Industry Range
Price/Earnings 25.0x
Price/Sales 0.6x
Price/Book 2.3x
Price/Cash Flow 28.2x
TEV/Sales NM Not Meaningful
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