AES: brands it owns and its ownership tree
AES (NYSE: AES) is a publicly listed company headquartered in the United States that owns 3 consumer brands.[1][2]
AES's 2025 Form 10-K lists utilities and generation businesses including AES Indiana and AES Ohio. It says the AES Clean Energy systems it owns or operates have 10,961 MW of capacity in the U.S., with another 3,031 MW under construction, and that CDPQ holds minority interests in IPALCO (AES Indiana's parent) and AES Ohio.
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brands owned
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acquisitions recorded
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divestitures recorded
Company facts
- Legal name
- The AES Corporation
- Type
- publicly listed company · see all publicly listed company owners
- Headquarters
- 🇺🇸 United States
- Tickers
- NYSE: AES
- Revenue
- $12.2 billion (2025)[2]
- SEC CIK
- 0000874761
- Last verified
- · 2 sources
What AES's annual report says about its business
Read from AES's latest annual filing[1]. Each line gives the sentence the filing uses, copied word for word.
Segments the filing names
- New Energy Technologies SBU:
Uplight is reported in the New Energy Technologies SBU reportable segment.
- Renewables SBU:
Dominican Republic Renewables is reported in the Renewables SBU reportable segment.
- Energy Infrastructure SBU:
Amman East and IPP4 are reported in the Energy Infrastructure SBU reportable segment.
Acquisitions and disposals named in the filing
- Acquired: Cochrane ES (February 2026).
AES Andes acquired the remaining preferred shares in Cochrane ES in February 2026, increasing AES' equity interest in the plant to 100%.
- Acquired: Crossvine Solar 1, LLC (May 16, 2025).
On May 16, 2025, AES Indiana completed the acquisition of Crossvine Solar 1, LLC ("Crossvine"), including the development of 85 MW of solar and 85 MW (340 MWh) of energy storage which is expected to be placed in service in mid-2027.
- Acquired: Cochrane (February 2026).
AES Andes acquired the remaining preferred shares in Cochrane in February 2026, increasing AES' equity interest in the plant to 100%.
- Sold or exited: an indirect equity interest in AES Ohio (April 4, 2025), approximately 30%.
On April 4, 2025, DPL sold an indirect equity interest in AES Ohio of approximately 30% to a wholly-owned subsidiary of CDPQ.
- Sold or exited: Ventanas 3 and Ventanas 4 (January 13, 2025).
Ventanas 3 and Ventanas 4, with an installed capacity of 537 MW, were sold on January 13, 2025.
AES in numbers
- AES owns 3 consumer brands tracked here across 1 top-level categories; the largest is energy with 3 brands.[1]
AES financial history
Headline figures from AES's annual reports filed with the US Securities and Exchange Commission, in USD as reported, fiscal years ending 2020–2025. Revenue moved from $9.66bn to $12.2bn, an average of 4.8% a year (calculated).
| Fiscal year ended | Revenue | Operating income | Operating margin | Net income | Total assets | Long-term debt | Filing |
|---|---|---|---|---|---|---|---|
| $12.2bn | — | — | $910m | $51.8bn | — | 10-K | |
| $12.3bn | — | — | $1.68bn | $47.4bn | — | 10-K | |
| $12.7bn | — | — | $249m | $44.8bn | — | 10-K | |
| $12.6bn | — | — | $-546,000,000 | $38.4bn | — | 10-K | |
| $11.1bn | — | — | $-409,000,000 | $33bn | — | 10-K | |
| $9.66bn | — | — | $46m | $34.6bn | — | 10-K |
Source: SEC XBRL company facts. A dash means the company did not report that line in a form we could read. Figures for a year can be restated in a later filing; the latest filing's number is shown.
Everything AES owns
Controlling ownership as of . Brands grouped under the entity that owns them; large groups are collapsed.
Full-screen interactive tree →
Brand portfolio by category
Recent changes to this record
AES SEC filings
The documents behind the figures on this page, as listed in the SEC's EDGAR index. Each links to the filing itself.
Annual reports
- Annual report, filed (10-K)
- Annual report (amended), filed (10-K/A)
- Annual report, filed (10-K)
- Annual report, filed (10-K)
- Annual report, filed (10-K)
- Annual report, filed (10-K)
- Annual report, filed (10-K)
Proxy statements
- Proxy statement, filed (DEF 14A)
- Proxy statement, filed (DEF 14A)
- Proxy statement, filed (DEF 14A)
Recent current and quarterly reports
| Filed | Form | What it declares |
|---|---|---|
| 8-K | Other events | |
| 8-K | Departure or appointment of directors or officers | |
| 8-K | Other events | |
| 8-K | Entry into a material agreement | |
| 10-Q | Quarterly report | |
| 8-K | Change in certifying accountant | |
| 8-K | Results of a shareholder vote; Regulation FD disclosure; Other events | |
| 8-K | Entry into a material agreement; Creation of a direct financial obligation | |
| 8-K | Other events | |
| 10-Q | Quarterly report | |
| 8-K | Results of a shareholder vote | |
| 8-K | Departure or appointment of directors or officers | |
| 8-K | Entry into a material agreement | |
| 8-K | Entry into a material agreement; Departure or appointment of directors or officers; Regulation FD disclosure |
Frequently asked questions
What brands does AES own?
AES owns 3 consumer brands tracked here, including AES Indiana, AES Ohio and AES Clean Energy.
Is AES an American company?
Yes. AES is headquartered in the United States.
Who owns AES?
AES is a publicly listed company owned by its shareholders; it trades as AES on the NYSE.
Sources (2) & corrections
Last verified . Every ownership fact above is backed by one of these primary documents. Numbers in brackets in the text refer to this list.
- [1] The AES Corporation Annual Report on Form 10-K filed 2026-03-02 — SEC EDGAR, SEC Form 10-K, published 2 March 2026; retrieved 5 October 2026.
- [2] The AES Corporation: Form 10-K for the year ended 2025-12-31 (revenue) — SEC EDGAR, SEC Form 10-K, published 2 March 2026; retrieved 5 October 2026.
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