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AES Corp (AES)

AES on New York Consolidated

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15 Dec 2017
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Latest Key Developments (Source: Significant Developments)

Aes Announces 8.3 Pct Increase In Quarterly Dividend
Monday, 11 Dec 2017 08:00am EST 

Dec 11 (Reuters) - Aes Corp ::AES ANNOUNCES 8.3 PCT INCREASE IN QUARTERLY DIVIDEND.SETS QUARTERLY DIVIDEND OF $0.13PER SHARE.  Full Article

Romanian Electrica's nine-month profit at 95 mln lei, down 80 pct y/y
Wednesday, 15 Nov 2017 02:12am EST 

BUCHAREST, Nov 15 (Reuters) - Romanian state-owned power utility Electrica :Says recorded a nine-month net profit of 95 million lei ($24.17 million), down roughly 80 percent from the same period of last year, because of higher prices for purchased electricity..Says the average electricity purchase price in the third quarter was 67 percent higher compared with the same quarter of 2016..Says power markett discrepancies in the first two quarters negatively impacted the group, with most of its profit achieved in the third quarter..Says its operational income stood at 4.17 billion lei in January-September, 0.5 percent lower on the year..Says it distributed roughly 13 TWh of electricity in the first nine months, up 2.8 percent on the year, to 3.69 million clients. It also provided 7.4 TWh of power, a different service, down 8.7 percent on the year..  Full Article

AES reports Q3 adjusted profit of $0.24/shr
Thursday, 2 Nov 2017 06:00am EDT 

Nov 2 (Reuters) - AES Corp :AES reports third quarter 2017 financial results; reaffirms 2017 guidance and long-term expectations.Q3 adjusted non-GAAP earnings per share $0.24.Q3 earnings per share $0.23 from continuing operations.Q3 earnings per share $0.23.Q3 earnings per share view $0.29 -- Thomson Reuters I/B/E/S.AES Corp - ‍ on track to achieve $400 million in annual cost savings and revenue enhancements by year-end 2020​.AES Corp - ‍reaffirming 2017 guidance and average annual growth of 8 percent to 10 percent in adjusted EPS and consolidated free cash flow through 2020​.AES Corp - ‍results were adversely affected by a higher quarterly tax rate and recent hurricanes in Caribbean​.AES Corp - ‍upsizing asset sales target in order to accelerate strategy and now expect to realize $2 billion of proceeds from 2018 to 2020​.AES Corp - ‍on a full year 2017 basis, continues to expect a $0.03 to $0.05 impact of recent hurricanes in Caribbean .Sees FY 2017 adjusted earnings per share $0.03 to $0.05​.FY 2017 earnings per share view $1.02, revenue view $14.13 billion -- Thomson Reuters I/B/E/S.AES Corp - qtrly total revenue $3,632 million versus $3,542 mln‍​.Q3 revenue view $3.66 billion -- Thomson Reuters I/B/E/S.  Full Article

SUNPOWER SAYS UNIT OF AES CORP TO DEVELOP POWER PLANT PLAFTORM IN HAWAII
Wednesday, 25 Oct 2017 08:00am EDT 

Oct 25 (Reuters) - SunPower Corp ::SUNPOWER CORP - UNIT OF AES CORP ANNOUNCED THAT SUNPOWER OASIS POWER PLANT PLATFORM IS UNDER DEVELOPMENT BY AES DE ON HAWAIIAN ISLAND OF KAUA‛I​.SUNPOWER CORP - ‍UNIT OF AES CORP TO CONSTRUCT 28-MEGAWATT SUNPOWER OASIS SYSTEM AT SITE & 20-MEGAWATT FIVE-HOUR DURATION ENERGY STORAGE SYSTEM​.SUNPOWER CORP - ‍UNIT OF AES CORP WILL BE LONG-TERM OWNER & OPERATOR OF PROJECT, WHICH IS EXPECTED TO BE OPERATIONAL BY END OF 2018​.  Full Article

AES Corp sees recent hurricanes to hurt FY 2017 adj EPS by $0.03 to $0.05
Monday, 9 Oct 2017 08:31am EDT 

Oct 9 (Reuters) - AES Corp :sees FY 2017 adjusted earnings per share in lower half of $1.00 to $1.10 range .Aes provides an update on operations in puerto rico and the u.s. Virgin islands, following recent hurricanes.‍sees potential adjusted eps impact from recent hurricanes of $0.03 to $0.05 per share for 2017​.‍sustained modest damage to 24 mw illumina solar plant,minor damage to 524 mw aes puerto rico coal-fired plant, both located in puerto rico​.Reaffirms 2017 guidance for all metrics, but now expects adjusted eps to be in lower half of $1.00 to $1.10 range following recent hurricanes​.‍company's 2017 guidance for consolidated free cash flow is $1,400 to $2,000 million and operating cash flow is $2,000 million to $2,800 million​.‍company's 5 mw usvi solar i solar plant in U.S. Virgin islands has been materially damaged following hurricanes Irma and Maria​.  Full Article

AES Corp ‍has priced $500 million aggregate principal amount of 5.125pct senior notes
Monday, 14 Aug 2017 05:25pm EDT 

Aug 14 (Reuters) - AES Corp ::AES announces pricing of $500 million of senior notes in public offering.AES Corp - ‍has priced $500 million aggregate principal amount of 5.125 pct senior notes due 2027​.AES Corp - ‍closing of offering of notes is expected to occur on August 28, 2017​.  Full Article

AES announces public offering of $500 mln of senior notes
Monday, 14 Aug 2017 09:06am EDT 

Aug 14 (Reuters) - AES Corp :AES announces public offering of $500 million of senior notes.AES Corp - ‍Intends to offer $500 million aggregate principal amount of senior notes due 2027​.AES Corp - Intends to use net proceeds from offering of notes to fund concurrent tender offer to purchase AES' outstanding 8.00% senior notes due 2020.  Full Article

AES announces tender offer for up to $217 mln of its 8 pct senior notes due 2020
Monday, 14 Aug 2017 09:05am EDT 

Aug 14 (Reuters) - AES Corp :AES announces tender offer for up to $217 million of its 8.00% senior notes due 2020.AES Corp - ‍Tender offer is scheduled to expire at 11:59 p.m., eastern time, on September 11, 2017​.  Full Article

Romania's Electrica net profit falls 69.4 pct y/y in Q2
Friday, 11 Aug 2017 12:15pm EDT 

BUCHAREST, Aug 11 (Reuters) - Romanian state-owned power utility Electrica :Says recorded a second-quarter net profit of 59.38 million lei ($15.35 million), compared with a profit of 194.1 million lei in the same quarter of last year..  Full Article

AES Q2 earnings per share $0.08 from continuing operations
Tuesday, 8 Aug 2017 06:00am EDT 

Aug 8 (Reuters) - AES Corp :AES reports second quarter 2017 financial results; reaffirms 2017 guidance and long-term expectations.Q2 adjusted non-gaap earnings per share $0.25.Q2 earnings per share $0.08 from continuing operations.Q2 earnings per share $0.08.Q2 earnings per share view $0.21 -- Thomson Reuters I/B/E/S.Qtrly revenue $3.5 million versus $3.2 million.Sees 2017 adjusted eps $1.00-$1.10.Reaffirming 2017 guidance and average annual growth of 8 percent to 10 percent in consolidated free cash flow and adjusted eps through 2020.  Full Article

BRIEF-Abbvie Says Phase 3 Study Of Venclexta/Venclyxto In Combination With Rituxan Meets Primary Endpoint

* ABBVIE ANNOUNCES PHASE 3 STUDY OF VENCLEXTA™/ VENCLYXTO™ (VENETOCLAX) IN COMBINATION WITH RITUXAN® (RITUXIMAB) MEETS ITS PRIMARY ENDPOINT