AES (AES) reported Q1 adjusted earnings late Thursday of $0.27 per diluted share, down from $0.50 a year earlier.

Analysts polled by FactSet expected $0.34.

Revenue for the quarter ended March 31 was $2.93 billion, down from $3.09 billion a year earlier.

Analysts surveyed by FactSet expected $3.05 billion.

For 2025, the company reaffirmed its projected adjusted EPS of $2.10 to $2.26.

Analysts polled by FactSet expect $2.17.