The AES Corporation reported its first quarter 2025 financial results, which are in line with expectations. The company reaffirmed its 2025 guidance and long-term growth rate targets, highlighting its resilient business model. AES achieved meaningful year-over-year growth in its Renewables and Utilities SBUs, driven by new projects coming online and increased rate base investment. The company's strategic accomplishments include a PPA backlog of 11.7 GW, with 5.3 GW under construction. AES completed the construction of 643 MW of energy storage and solar projects and aims to add a total of 3.2 GW of new projects by the end of 2025. New long-term PPAs for 443 MW of solar and energy storage were also signed or awarded. Additionally, AES received final regulatory approval for the 170 MW Crossvine solar-plus-storage project at AES Indiana. Financially, AES saw an adjusted EBITDA of $591 million, a decrease from $640 million in Q1 2024, and an adjusted EBITDA with tax attributes of $777 million, down from $868 million in Q1 2024. The adjusted EPS was $0.27, compared to $0.50 in the same quarter of the previous year. Despite these variations, AES reaffirmed its 2025 guidance for adjusted EBITDA between $2,650 to $2,850 million and adjusted EPS of $2.10 to $2.26. The company also maintains its annualized growth target of 5% to 7% through 2027 and expects adjusted EBITDA with tax attributes to be between $3,950 to $4,350 million in 2025.