AES CORP

For the period ended Sep 30, 2026. Filed Nov 3, 2026.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Sep 30, 2026 · Filed Nov 3, 2026

AES$14.90+0.2%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Condensed Consolidated Statements of Changes in Equity

6 | The AES Corporation

Condensed Consolidated Statements of Changes in Equity

	Nine Months Ended September 30, 2026
Common Stock · Treasury Stock · AdditionalPaid-InCapital · Retained Earnings · AccumulatedOtherComprehensiveLoss · NoncontrollingInterests (1)
Shares · Amount · Shares · Amount
(in millions)
Balance at January 1, 2026	859.8	$9	147.6	$(1,793)	$5,904	$641	$(698)	$5,042
Net income (loss)	—	—	—	—	—	487	—	(211)
Foreign currency translation adjustments and reclassification to earnings, net of income tax	—	—	—	—	—	—	2	—
Change in fair value of derivatives and reclassification to earnings, net of income tax	—	—	—	—	—	—	(1)	12
Total other comprehensive income (loss)	—	—	—	—	—	—	1	12
Distributions to noncontrolling interests	—	—	—	—	—	—	—	(225)
Acquisitions of noncontrolling interests	—	—	—	—	(1)	—	1	(29)
Contributions from noncontrolling interests	—	—	—	—	—	—	—	226
Sales to noncontrolling interests	—	—	—	—	(1)	—	—	120
Issuance of preferred shares in subsidiaries	—	—	—	—	—	—	—	1
Dividends declared on common stock ($0.17595/share)	—	—	—	—	—	(125)	—	—
Issuance and exercise of stock-based compensation benefit plans, net of income tax	—	—	(0.9)	12	(17)	—	—	—
Balance at March 31, 2026	859.8	$9	146.7	$(1,781)	$5,885	$1,003	$(696)	$4,936
Net income (loss)	—	—	—	—	—	426	—	(3)
Foreign currency translation adjustments and reclassification to earnings, net of income tax	—	—	—	—	—	—	11	—
Change in fair value of derivatives and reclassification to earnings, net of income tax	—	—	—	—	—	—	82	9
Total other comprehensive income (loss)	—	—	—	—	—	—	93	9
Distributions to noncontrolling interests	—	—	—	—	—	—	—	(616)
Contributions from noncontrolling interests	—	—	—	—	—	—	—	335
Sales to noncontrolling interests	—	—	—	—	(5)	—	—	—
Issuance of preferred shares in subsidiaries	—	—	—	—	—	—	—	169
Issuance and exercise of stock-based compensation benefit plans, net of income tax	—	—	—	—	8	—	—	—
Balance at June 30, 2026	859.8	$9	146.7	$(1,781)	$5,888	$1,429	$(603)	$4,830
Net income (loss)	—	—	—	—	—	553	—	(51)
Foreign currency translation adjustments and reclassification to earnings, net of income tax	—	—	—	—	—	—	4	—
Change in fair value of derivatives and reclassification to earnings, net of income tax	—	—	—	—	—	—	347	86
Change in fair value option liabilities, net of income tax	—	—	—	—	—	—	(3)	—
Total other comprehensive income (loss)	—	—	—	—	—	—	348	86
Adjustments to redemption value of redeemable stock of subsidiaries (3)	—	—	—	—	—	(9)	—	(3)
Reclassification of redeemable stock of subsidiaries to noncontrolling interests (2)	—	—	—	—	—	—	—	3
Distributions to noncontrolling interests	—	—	—	—	—	—	—	(71)
Contributions from noncontrolling interests	—	—	—	—	—	—	—	153
Sales to noncontrolling interests	—	—	—	—	(2)	—	—	124
Dividends declared on common stock ($0.17595/share)	—	—	—	—	—	(126)	—	—
Issuance and exercise of stock-based compensation benefit plans, net of income tax	0.3	—	(0.1)	1	5	—	—	—
Balance at September 30, 2026	860.1	$9	146.6	$(1,780)	$5,891	$1,847	$(255)	$5,071

7 | The AES Corporation

	Nine Months Ended September 30, 2025
Common Stock · Treasury Stock · AdditionalPaid-InCapital · Retained Earnings · AccumulatedOtherComprehensiveLoss · NoncontrollingInterests (1)
Shares · Amount · Shares · Amount
(in millions)
Balance at January 1, 2025	859.7		$9		148.6		$(1,805)		$5,913		$293		$(766)		$4,060
Net income (loss)	—		—		—		—		—		46		—		(149)
Foreign currency translation adjustments and reclassification to earnings, net of income tax	—		—		—		—		—		—		30		—
Change in fair value of derivatives and reclassification to earnings, net of income tax	—		—		—		—		—		—		(113)		(8)
Change in pension adjustments and reclassification to earnings, net of income tax	—		—		—		—		—		—		1		—
Total other comprehensive income (loss)	—		—		—		—		—		—		(82)		(8)
Reclassification of redeemable stock of subsidiaries to noncontrolling interests (2)	—		—		—		—		—		—		—		38
Distributions to noncontrolling interests	—		—		—		—		—		—		—		(57)
Contributions from noncontrolling interests	—		—		—		—		—		—		—		114
Sales to noncontrolling interests	—		—		—		—		(15)		—		—		250
Issuance of preferred shares in subsidiaries	—		—		—		—		—		—		—		9
Dividends declared on common stock ($0.17595/share)	—		—		—		—		—		(125)		—		—
Issuance and exercise of stock-based compensation benefit plans, net of income tax	—		—		(0.8)		10		(10)		—		—		—
Balance at March 31, 2025	859.7		$9		147.8		$(1,795)		$5,888		$214		$(848)		$4,257
Net loss	—		—		—		—		—		(95)		—		(58)
Foreign currency translation adjustments and reclassification to earnings, net of income tax	—		—		—		—		—		—		41		1
Change in fair value of derivatives and reclassification to earnings, net of income tax	—		—		—		—		—		—		(15)		(19)
Change in pension adjustments and reclassification to earnings, net of income tax	—		—		—		—		—		—		(5)		—
Total other comprehensive income (loss)	—		—		—		—		—		—		21		(18)
Adjustments to redemption value of redeemable stock of subsidiaries (3)	—		—		—		—		—		(10)		—		—
Reclassification of redeemable stock of subsidiaries to noncontrolling interests (2)	—		—		—		—		—		—		—		18
Distributions to noncontrolling interests	—		—		—		—		—		—		—		(290)
Acquisitions of noncontrolling interests	—		—		—		—		(26)		—		(17)		(46)
Contributions from noncontrolling interests	—		—		—		—		—		—		—		246
Sales to noncontrolling interests	—		—		—		—		199		(188)		8		200
Issuance of preferred shares in subsidiaries	—		—		—		—		—		—		—		5
Issuance and exercise of stock-based compensation benefit plans, net of income tax	—		—		—		—		9		—		—		—
Balance at June 30, 2025	859.7		$9		147.8		$(1,795)		$6,070		$(79)		$(836)		$4,314
Net income (loss)	—		—		—		—		—		639		—		(57)
Foreign currency translation adjustments and reclassification to earnings, net of income tax	—		—		—		—		—		—		18		—
Change in fair value of derivatives and reclassification to earnings, net of income tax	—		—		—		—		—		—		1		10
Total other comprehensive income (loss)	—		—		—		—		—		—		19		10
Adjustments to redemption value of redeemable stock of subsidiaries (3)	—		—		—		—		—		(5)		—		(2)
Reclassification of redeemable stock of subsidiaries to noncontrolling interest (2)	—		—		—		—		—		—		—		51
Distributions to noncontrolling interests	—		—		—		—		—		—		—		(310)
Acquisitions of noncontrolling interests	—		—		—		—		(36)		—		—		(34)
Contributions from noncontrolling interests	—		—		—		—		—		—		—		419
Sales to noncontrolling interests	—		—		—		—		(4)		—		—		152
Dividends declared on AES common stock ($0.17595/share)	—		—		—		—		(126)		—		—		—
Issuance and exercise of stock-based compensation benefit plans, net of income tax	0.1		—		(0.1)		1		8		—		—		—
Balance at September 30, 2025	859.8	$9		147.7		$(1,794)		$5,912		$555		$(817)		$4,543

(1) Excludes redeemable stock of subsidiaries. See Note 11—Redeemable Stock of Subsidiaries.

(2) Related to the reclassification of certain tax equity partnerships at AES Clean Energy and the AES Indiana Pike County BESS tax equity partnership from Redeemable stock of subsidiaries to Noncontrolling interests. See Note 11—Redeemable Stock of Subsidiaries.

(3) Adjustment to record the redeemable stock of a tax equity partnership at AES Clean Energy Development and AES Global Insurance at redemption value.

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.