Thank Today, good our will and our and and allocation, everyone. updated capital XXXX. XXXX expectations results guidance through discuss XXXX our you, Andres, I morning,
on range we $X.XX parent cash As million or $X $X.XX as beat of billion. record, best and EPS We was exceeded flow of targets. and met all our $XXX Andres XXXX financial free our to adjusted our range of guidance guidance mentioned, year strategic to AES'
of strong recorded above guidance EBITDA, also adjusted to well midpoint inaugural range our of the We billion. $X.X $X.X billion
the year adjusted with AES included primarily contributions Ohio, by the Full XXXX as was versus tax of purchase $X.X of were part drivers renewables EBITDA X XX. energy well Slide billion XXXX, as to by power lower in partially recovery settlement. attributes ESP infrastructure projects SBU. new offset as $X.X from contributions Turning driven billion from These costs the year's at prior
Drivers XXXX. Adjusted versus Turning was EPS tax those with were to adjusted XXXX XX. in EBITDA for $X.XX attributes. $X.XX similar in to Slide
from primarily renewables headwind debt there detail slides, XX. interest $X.XX used addition, In cover over renewable in results projects. SBU, I'll parent strategic the more our beginning on was business X higher the to next or unit, with on new Slide a fund balances,
higher partially our from U.S. projects EBITDA margins in but of the as renewable Colombia, primarily offset contributions at tax new XXXX X.X with select Higher assets. in well by attributes adjusted was of the SBU Renewables sell-down as by gigawatts that driven online operating came
well part costs At included of driven purchase at ESP adjusted prior by power settlement SBU, primarily growth as Utilities higher recovery U.S. the as rate Ohio in base of was the PTC our year's X the as AES
combined-cycle Lower lower offset higher sale PPA our partially Warrior adjusted minority from Southland Chile reflects at our EBITDA of plant. margins LNG accelerated These interest revenues at and in the coal transaction recognized our margins XXXX, Run the of a SBU in infrastructure the drivers monetization significant the in by were energy assets.
reflects quarter EBITDA Fluence, guided their Technologies XXXX. our fiscal full to at positive XXXX. in positive SBU, for their at of adjusted EBITDA adjusted Finally, EBITDA Energy results fourth year adjusted fiscal higher New which Fluence achieved improved also
cash. the we capital on allocated Slide increased to our let's the just billion XX% Beginning over year cash parent free last turn on flow to includes of above prior our the just left-hand discretionary of Now how $X year, sources from side, guidance. end total top reflect of $X nearly which This billion, XX.
million of our $XXX subsidiary-level debt the also repayment, net and May after And $XXX last parent sales to AES issued we debt surpassed significantly with in asset We parent sales proceeds million asset year. target, taxes. of reinvestment in
side. in Moving on at our We the in which subsidiaries, more approximately X/X growth U.S. $X.X than of invested right-hand uses the billion to was
dividend. We also cash of $XXX discretionary allocated our million than to more
Overall, financial I'm with XXXX. performance throughout extremely pleased our
Now to in we're XX. new growth from by XXXX attributes utilities. on renewables and guidance guidance contributions base our over with billion, Today, $X.X $X tax billion of at projects let's adjusted initiating rate and U.S. million driven Slide to our expectations, turn beginning EBITDA $XXX from
partially million we either close planned from impact this $XXX a to offsetting We asset incorporated XXXX have or also year. closed in sales
Excluding in be in in the due which attributes expected tax $X billion use credits recognize $X.X tax credit to increase is The to XXXX, recognition tax adjusted results tax billion. we typical billion to tax to in expect partially than of continued the $X.X of equity year prior transfers, earlier our versus is attributes, EBITDA structures.
addition, last increase completions in higher attribute will project In tax new drive XXXX. year's in recognition
recognize we reminder, tax approximately X/X attributes year. will generated fiscal projects on the a in As XXXX XXXX of
start longer-term our beyond puts growth on pressure greater this sales toward asset head us our on budget. downward our Looking visibility gives year, capital and
expect long-term guidance through our of year increase each to the We period. remainder EBITDA
Slide to Turning XX.
higher and which to and year-over-year represents primarily expect will Growth and to utilities achieve businesses us We X% through renewables a our on puts growth be X% XXXX. track target EPS parent adjusted $X.XX, partially long-term driven increase XXXX by be will X% by to interest. $X.XX offset our of
$X.XX an headwind expect from sales. also We asset
construction program spread is recent more years. evenly year this Our in than
the we expect and approximately first recognized into greater expected year visibility a will throughout half, half the our have construction of to in and of earnings we our year second As result, completion. in the the be XX% XX%
Turning to Slide XX.
projects. to tailored data returns As allowed centers, clients, renewables including on Andres us market strong mentioned, to large has very higher position solutions corporate in realize providing our our
scale, as and addition, productivity we benefits. continues further anticipate scale business renewals our realization In to of
returns and X% rate our and we factors now U.S., we higher as growth these X% directly benefits, These XXXX growth to our the accretive on EBITDA midpoint. And XX% productivity returns result, in XX% to be flow. long-term of to are Based to are in with expect our our off increasing cash and adjusted AES' to XXXX through adjusted XXXX, our long-term U.S. results, guidance a earnings along the base expected renewables to EPS to X% rate X% a range.
plan to allocation cash sources Parent billion. capital is to free left-hand flow Slide $X.XX billion $X.X XXXX our the XXXX be for turning Now of around approximately on billion XX, parent expected to beginning side. with $X.XX on
We this billion quarter announced $X.X expect the billion halfway more proceeds expect be $X.X target earnings to By end to this than we the sale $XXX year. generate year, net of million call. to gross sales on we asset of our third asset toward
Although expect in our approximately of is rates. increase debt interest changes of business we an this from billion insulated year, $X parent well
our projects primarily more Our or new PPAs, our debt, long-term to to is with debt than are rate tenors nonrecourse Corp. outstanding fixed the funded of XX% hedged, similar with of self-amortizing and AES length
billion with exposure floating managed Our from in hedges. is nearly issuances $X outstanding future rates and
EPS floating of rate point exposure on interest Looking we at shift future of rates refinancings only U.S. XXXX. and in issuances, from have a in basis rates $X.XX outstanding debt, our the impact XXX
uses billion in portfolio to to approximately growing More remainder to growth, which projects rate growth and and the the be be directed to utility this going XX% the Panama. We side. $X.X of XX% into will Now Chile U.S., invest of in will the our right-hand with base. new about on plan allocated renewables than
to expect shareholder announced previously We which increase. dividend, the reflects our $XXX approximately allocate million X% to
Turning to Slide XX.
Our capital asset the target our we call. third sales on quarter long-term through XXXX sources of reflect introduced parent accelerated
We a growth as also organic of rates. expect cash higher our result long-term increased generation
per in basis. reminder, we at way value and the creates equity share issue As will do only until on that a not so a XXXX earliest, new any will a
Now XX. primarily and than billion businesses. through subsidiaries, in reflect more Uses to our to utilities grow of $X our Slide XXXX renewables investment
We our $X also expect billion dividend. than to allocate more to
beyond issuance attractive between our Given balance desire cash optimal and grow source our minimize plan and annually an We surplus as to flow yield of our throughout already growth XXXX. to we X% X% equity to of provides period. attractive at and this earnings believe opportunities dividend capital, now a investment our dividend expect strong an
XXXX ability execute extraordinary market current summary, commitments, we to We our on further an was our competitive the In for advanced position. year demonstrated AES. adapt to our growth while and
year on continue record to renewables higher to have and we another we in our expect deliver target. and now machine, perfect As long-term our XXXX scale growth to
We highly shareholders. have back strategic achieve over I'll a value accretive that, and our to turn Andres. our way positioned that's priorities to grow call AES our With business in the to
