AES Corp's stock soared 5.11% in pre-market trading on Friday, following the company's better-than-expected fourth-quarter earnings and an upbeat outlook for 2025.
The energy company reported Q4 2024 adjusted earnings per share (EPS) of $2.14, beating the consensus estimate of $1.91. The strong performance was driven by higher contributions from renewable projects placed in service during the year, as well as rate base growth at its U.S. utilities and normalized results in Colombia and Mexico.
For the full year 2025, AES initiated guidance for adjusted EBITDA between $2.65 billion and $2.85 billion, reflecting expected growth from new renewable projects, rate base growth at its U.S. utilities, and normalized operations in Colombia and Mexico. The company also initiated 2025 adjusted EPS guidance in the range of $2.10 to $2.26, reaffirming its annualized growth targets of 5% to 7% for adjusted EBITDA through 2027 and 7% to 9% for adjusted EPS through 2027.