AES · 10-Q · 2026Q3 · Full report

Revenue Performance and Mix

AES CORP · 2026-11-03 · Importance 54 · Surprise 40 · In source text

Consolidated revenue rose 16% ($521 million) to $3.872 billion in the third quarter of 2026 and 15% ($1.342 billion) to $10.474 billion for the first nine months, compared with 2025. Third-quarter Renewables revenue increased $287 million, including $182 million of higher spot sales in Colombia, while nine-month Renewables revenue rose $736 million, including $160 million from U.S. development services and $146 million from new U.S. and Chile projects. Utilities revenue grew $151 million in the quarter and $342 million year to date, driven by higher demand and retail rates, including the AES Ohio 2024 DRC Settlement; Energy Infrastructure revenue increased $53 million and $179 million, respectively, as spot sales and prices rose mainly in Argentina. Expiration of the Maritza PPA in Bulgaria reduced contract sales volume, offsetting revenue growth by $146 million in the quarter and $347 million year to date.

Key facts

• AES consolidated revenue increased $521 million, or 16%, in the three months ended September 30, 2026, compared with the prior-year quarter. source
• AES consolidated revenue increased $1,342 million, or 15%, in the nine months ended September 30, 2026, compared with the prior-year period. source

Impact estimates