AES is executing a large-scale rate base expansion, with PPE net up 22.5% year-over-year to $40.7B in 2026Q2, driving revenue growth of 19.9% and operating margin expansion to 18.4%.
Price trend, volume and key moving averages
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Revenue grew 19.9% year-over-year to $3.4B in 2026Q2, with operating margin expanding to 18.4% from 14.2% a year earlier, indicating improved cost recovery and rate base growth.
AES is actively expanding its renewables portfolio, with renewables EBITDA growing significantly year-over-year. The company is seeing strong demand for renewable energy solutions, particularly from data centers, leading to substantial Power Purchase Agreements (PPAs) signed. Their diversified generation portfolio, with over 53% renewable energy, is expected to capture a larger share of EBITDA by 2027.
AES has a robust capital expenditure plan to enhance its energy infrastructure and is transitioning from coal to gas generation. A significant portion of its EBITDA comes from regulated utility operations, which are projected to achieve a ~10% compound annual growth rate in their rate base, contributing to financial stability.
AES has a history of increasing its dividend for over a decade, making it an attractive option for income-focused investors.
Trailing total returns as of 11/7/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q4 2026Latest Nov 4, 2026 | $0.87+64.2% vs $0.53 | $3.9B+12.2% vs $3.4B |
Q3 2026 Aug 4, 2026 | $0.44-2.2% vs $0.45 | $3.4B+10.0% vs $3.1B |
Q2 2026 May 5, 2026 | $0.67+34.0% vs $0.50 | $3.2B+2.4% vs $3.1B |
Q2 2026 Mar 2, 2026 | $0.81+30.6% vs $0.62 | $3.1B+2.3% vs $3.0B |
Democrats just took Congress, and clean energy stocks surged. But one utility giant is racing to build batteries for data centers while its rival has already put itself up for sale.
A weekly summary of dividend activity for Dividend Champions, Contenders, and Challengers. Companies that changed their dividends. Companies with upcoming ex-dividend dates.
CWA Asset Management Group LLC acquired a new position in shares of The AES Corporation (NYSE: AES) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 94,708 shares of the utilities provider's stock, valued at approximately $1,411,000.
ARLINGTON, Va., Oct. 9, 2026 /PRNewswire/ -- The Board of Directors of The AES Corporation (NYSE: AES) declared a quarterly common stock dividend of $0.17595 per share payable on November 13, 2026 to shareholders of record at the close of business on October 30, 2026.
Benchmark AES against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for The AES Corporation (AES)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $14.87 | $10.6B | 5.82 | -0.37% | 13.46% | 15.23% | 4.73% | |
| $88.29 | $18.63B | 22.05 | 9.17% | 2.56% | 25.38% | 2.34% | |
| $124.80 | $42.08B | 15.64 | 2.98% | 13.15% | 66.78% | 0.71% | |
| $29.79 | $17.83B | 14.90 | 27.06% | 23.07% | 46.65% | 1.69% | |
| $86.95 | $181.36B | 15.67 | 11% | 39.92% | 16.89% | 2.58% | |
| $68.60 | $60.34B | 22.35 | 14.16% | 13.94% | 8.01% | 3.88% |
The AES Corporation (AES) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Verify the primary filings, follow material updates, and answer the remaining questions.
The AES Corporation (AES) SEC filings — annual & quarterly reports (10-K, 10-Q)
Aug 5, 2026·SEC
Jul 27, 2026·SEC
Jun 26, 2026·SEC
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The AES Corporation (AES) stock FAQ — growth, dividends, profitability & financials explained
The AES Corporation (AES) reported $13.57B in revenue over the trailing twelve months. Revenue was $12.23B in fiscal year 2025. That is 1365% more than the $835.0M of fiscal year 1996.
The AES Corporation (AES) grew revenue by 12.2% over the trailing twelve months, compared with the twelve months before.
Yes. The AES Corporation (AES) earned $1.83B in net income over the trailing twelve months (a 13.5% net margin).
Yes. The AES Corporation (AES) pays a dividend that yields 4.73% at the current price, a high yield.
The AES Corporation (AES) had a return on equity (ROE) of 15.2% over the trailing twelve months. That is above the market's typical 10-15%.
The AES Corporation (AES) had negative free cash flow of $1.52B over the trailing twelve months.
The AES Corporation (AES) has a dividend payout ratio of 53%. This suggests the dividend is well-covered and sustainable.
