AES · 10-Q · 2026Q3 · Full report

Impairment Charges

AES CORP · 2026-11-03 · Importance 65 · Surprise 82 · Matches filing data

Third-quarter asset impairment expense increased $60 million to $91 million, including $75 million of higher impairment expense at AES Clean Energy Development. The company wrote down development-stage projects following budget reviews and strategic evaluations because they no longer met investment criteria. For the first nine months, 2026 impairment expense was $133 million, compared with a $74 million reversal in 2025. The year-over-year comparison was primarily affected by a prior-year $243 million increase in Mong Duong’s carrying value when it was reclassified from held-for-sale to held-and-used.

Key facts

• AES recorded $91 million of asset impairment expense in the third quarter of 2026, compared with $31 million in the prior-year quarter; the increase included $75 million of higher impairment expense at AES Clean Energy Development from project-budget reviews and strategic evaluation of development-stage assets. source
• AES recorded $133 million of asset impairment expense for the first nine months of 2026, compared with a $74 million reversal in the prior-year period; the prior-year comparison included a $243 million increase in Mong Duong's carrying value after reclassification from held-for-sale to held-and-used. source
• AES recognized $133 million of asset impairment expense during the nine months ended September 30, 2026, primarily from writing off development projects determined no longer viable. source
• The net carrying amount of AES’s held-for-sale disposal group assessed for impairment was $12 million at September 30, 2026, and no impairment was recorded from that assessment during the nine months ended September 30, 2026. source

Impact estimates