The AES Corporation (AES) Releases Q4 2025 Earnings: Revenue Growth but EPS Miss

The AES Corporation (AES) reported fourth-quarter 2025 results with revenue of $3.1 billion, up 4.7% year-over-year and slightly above the consensus revenue estimate of $3.06 billion. The company delivered meaningful margin improvement on the top line, though net income swung into a small loss for the period.

Revenue: $3.1 billion (up 4.7% YoY).

Gross profit: $582.0 million (up 38.6% YoY).

Operating profit: $513.0 million (up 55.5% YoY).

Net income attributable to common shareholders: loss of -$2.0 million (down about 100.4% YoY).

Diluted EPS: $0.45 (down 43.0% YoY), below the EPS estimate of $0.61.

Balance-sheet and cash-flow highlights point to solid operating cash generation alongside continued capital investment.

Cash from operating activities: $1.49 billion (up 36.8% YoY).

Purchases of property, plant and equipment: -$1.54 billion (down 11.1% YoY).

Cash and cash equivalents: $2.07 billion (up 5.7% YoY).

Total liabilities: $39.8 billion (up 2.8% YoY).

Cost of sales: $2.52 billion (down 0.9% YoY).

Note: This financials data is sourced from a third-party provider and has not been independently verified by Quiver.

The AES Corporation Hedge Fund Activity

We have seen 359 institutional investors add shares of The AES Corporation stock to their portfolio, and 399 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

CAPITAL WORLD INVESTORS removed 10,485,399 shares (-92.1%) from their portfolio in Q4 2025, for an estimated $150,360,621
FMR LLC removed 6,426,865 shares (-26.8%) from their portfolio in Q4 2025, for an estimated $92,161,244
POINT72 ASSET MANAGEMENT, L.P. added 6,018,233 shares (+15806.3%) to their portfolio in Q4 2025, for an estimated $86,301,461
ORBIS ALLAN GRAY LTD removed 4,616,633 shares (-17.8%) from their portfolio in Q4 2025, for an estimated $66,202,517
UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC removed 4,198,446 shares (-75.0%) from their portfolio in Q4 2025, for an estimated $60,205,715
SG AMERICAS SECURITIES, LLC added 4,021,385 shares (+128.6%) to their portfolio in Q4 2025, for an estimated $57,666,660
CITADEL ADVISORS LLC removed 3,261,852 shares (-31.6%) from their portfolio in Q4 2025, for an estimated $46,774,957

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

The AES Corporation Analyst Ratings

Wall Street analysts have issued reports on $AES in the last several months. We have seen 5 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

Argus Research issued a "Buy" rating on 12/05/2025
Mizuho issued a "Outperform" rating on 11/06/2025
Morgan Stanley issued a "Overweight" rating on 10/22/2025
Barclays issued a "Overweight" rating on 10/21/2025
Susquehanna issued a "Positive" rating on 10/13/2025

To track analyst ratings and price targets for The AES Corporation, check out Quiver Quantitative's $AES forecast page.

The AES Corporation Price Targets

Multiple analysts have issued price targets for $AES recently. We have seen 7 analysts offer price targets for $AES in the last 6 months, with a median target of $16.0.

Here are some recent targets:

Nicholas Campanella from Barclays set a target price of $15.0 on 02/04/2026
Julien Dumoulin-Smith from Jefferies set a target price of $16.0 on 02/04/2026
John Eade from Argus Research set a target price of $18.0 on 12/05/2025
Anthony Crowdell from Mizuho set a target price of $16.0 on 11/06/2025
Stephen Byrd from Morgan Stanley set a target price of $24.0 on 10/22/2025
Biju Perincheril from Susquehanna set a target price of $17.0 on 10/13/2025
Nicholas Amicucci from Evercore ISI Group set a target price of $15.0 on 10/07/2025