The aes corporation private company information – bloomberg gas 87 89 91

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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 on the wholesale market. It uses a range of fuels to generate electricity, including natural gas, coal, pet coke, diesel, and oil, as well as renewables, such as hydro, solar, wind, energy storage, biomass, and landfill gas. The co…

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 on the wholesale market. It uses a range of fuels to generate electricity, including natural gas, coal, pet coke, diesel, and oil, as well as renewables, such as hydro, solar, wind, energy storage, biomass, and landfill gas. The company owns and/or operates a generation portfolio of approximately 34,905 megawatts. It has operations in the United States, Chile, Colombia, Argentina, Brazil, Mexico, Central America, the Caribbean, Europe, 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.

The AES Corporation reported unaudited consolidated earnings results for the first quarter ended March 31, 2018. For the quarter, the company reported total revenue of $2,740 million against $2,581 million a year ago. Income from continuing operations before taxes and equity in earnings of affiliates was $998 million compared to $157 million last year. Income from continuing operations was $778 million against $97 million a year ago. Net income attributable to the company was $684 million or $1.03 per diluted share compared to loss of $24 million or $0.04 per basic and diluted share last year. Net cash provided by operating activities was $515 million compared to $708 million last year. Capital expenditures were $495 million compared to $474 million last year. Adjusted EPS was $0.28, compared to first quarter of 2017 Adjusted EPS of $0.17.

The Company reaffirmed its 2018 adjusted EPS guidance of $1.15 to $1.25 and its average annual growth rate target of 8% to 10% through 2020. Growth in 2018 will be primarily driven by contributions from new businesses, cost savings and lower Parent interest. The Company also reaffirmed its 2018 Parent Free Cash Flow expectation of $600 million to $675 million. The company expects to end the year with roughly $3.8 billion of parent debt.