AES · 10-Q · 2026Q2 · Full report

Operating Expense Trends

AES CORP · 2026-08-04 · Importance 43 · Surprise 66 · Matches filing data

Second-quarter general and administrative expense increased $13 million, or 27%, to $62 million, primarily because of $11 million of Merger costs and $5 million of higher business-development costs. Six-month general and administrative expense decreased $9 million, or 7%, to $117 million, reflecting $14 million lower business-development costs, $9 million lower one-time restructuring costs, and $6 million lower professional fees. The six-month decline was partly offset by $22 million of Merger-related costs.

Key facts

• General and administrative expenses increased $13 million, or 27%, to $62 million for the three months ended June 30, 2026 compared to $49 million in the prior-year period, primarily due to $11 million of costs related to the Merger and a $5 million increase in business development costs, partially offset by $3 million lower professional fees. source
• General and administrative expenses decreased $9 million, or 7%, to $117 million for the six months ended June 30, 2026 compared to $126 million in the six months ended June 30, 2025, primarily due to a $14 million decrease in business development costs, $9 million decrease in one-time costs from the February 2025 restructuring, and $6 million lower professional fees; partially offset by $22 million of costs related to the Merger. source
• New Energy Technologies SBU Adjusted EBITDA for the six months ended June 30, 2026 increased $7 million, primarily due to lower losses from Uplight of $6 million after equity method accounting was suspended in Q4 2025 source
• Maintenance expenditures increased $24 million, primarily due to the timing of maintenance at AES Ohio. source

Impact estimates