everyone, and fourth you accomplishments, and XXXX XXXX morning, expectations our will and year full financial Today, after business, our performance XXXX and longer-term cover Steve provide review our remarks. our and our our on joining financial of for CFO, details quarter call. my will the Coughlin, more guidance outlook. resiliency I thank Good
we policy that growth balance performance we and sheet to our funding what stock concerns, will extremely an EBITDA understatement. say To Steve disappointed is I investors' be constraints. believe uncertainties, address are renewables including with price and and
to and resilient We our and business critical renewables for relatively regulatory to customers, insulated are among will from technology why why electricity, model review meeting changes. growing particularly demand well is potential
risk-adjusted organizational continuing by some focusing our and assets. Even investment renewables our These the energy reducing with operate to highest steps current immediate steps strengthen our our position, outlook. to return financial efficiency position taking resilient of we improving are in infrastructure and projects, on include:
of for new dividend. improve these we and As need during time over credit our while a maintaining equity the our issuing eliminating period the to forecast metrics expect result actions,
X. Slide to Turning
year. for start results. new with We XXXX agreements X.X last gigawatts purchase me renewables power of Let our signed
us puts of XX XXXX our XXXX. Our on to performance track of signing goal in XX through achieve gigawatts PPAs to new
the just those returns construction signing renewables also increasing Panama, gas LNG terminal in prioritizing X than completed risk-adjusted in combined best gigawatts. contracts the rather of XXX-megawatt utilization are in a acquisition cycle growth of We gigawatts or with greatly of our plant and In XXXX, country. the we that maximizing existing
something Our best-in-class customers is value record of of of and competitive projects that is highly and delivery advantages. renewable on-time on-budget our one our
XXXX, program X.X%, for our rates we Lastly, Regulatory development. in that from investment Commission support base received the local I improve supporting new an reliability will should of economic ROE an note Indiana and for that approval and customers
track in adjusted with to is Now events above free year-on-year. results. Nonetheless, which annualized the In earned us X% we range to well of and our XXXX adjusted weather-related our of X% achieve achieved cash we billion, XXXX. we target And result the $X.XX, which our of financial of of a guidance and guidance. half on parent $XXX our of a both of EPS $X.X extreme moving generated is flow record is midpoint which to a EBITDA onetime our businesses down guidance billion, XXXX, in as range to $X.XX Brazil, combined lower Colombia million puts materially growth from at
pipeline. achieve able same we've the Moving gigawatts business, our scale time, Brazil. as as financial more point our X. in we online the our is of of addition and investments XXXX efficient creating begin were harvesting X.X gigawatts we renewable megawatt from an Slide economies At we we to We business renewables to as business inflection per gigawatts development maturing X.X now excluding renewables are our inaugurated be in XXXX. the will the including reduce the XXXX now our overhead increasing becoming that on XX.X of of have benefits XXXX, made versus realize in to
new of new to as each achieve focus growth on shortly us flow This the level requirements has while the reducing of allows There online development will most a the expenditures, of same costs substantially P&L increased, projects to profitability EBITDA. as profitable PPA lag financial Furthermore, discuss. we signed projects megawatt between renewables growth. I need as new capital and do is time through to strategy many and not bring which in
development potential land or as such of for in finally, pipeline requires obtaining resource Creating leases, and scouting purchases prospects, a or the sun activities negotiating projects measuring permits. expenditures wind
will a in our the are the of projects cover cash financials EBITDA, new cost of and as reflect mature the projects. state, renewables producing to coming our As start early-stage more business true profitability online,
business pipeline and on projects get As versus online, including life energy under will construction. our XXXX, over of selling larger metrics higher allocated in operating administrative will a spending This the back-office and stewardship, base. cycle, in a strengthen as we grows, activities achieve ratio our projects starting inflection credit
this of year-over-year our detail. made over our discuss in With we in These And expect which gigawatts the Previous in portfolio growth renewables let our EBITDA numbers we we to drives bring our contribute beyond. our U.S. capacity, X.X investments expected our reflect EBITDA U.S. growth. of pipeline. XX% harvest business in growth strong to In renewable expect XXXX growth and me which create of financial will XXXX, EBITDA, to background, for as XX-gigawatt XXXX, more the the our we business. maturing also renewables majority expectations U.S. turn will in renewables renewables to another Steve online
our Finally, incorporates X.X Chile. and X.X in gigawatts I segment of the addition of renewables in sale gigawatts the XXXX in Brazil makeup, some changes including note year last segment guidance that should
hydrology, interest to exposures. our currency, of of have As have of and risk the significant we evolved, renewables important business has is from an price, SBU. renewable The the spot derisking floating our moved sale portfolio assets a the Chilean these SBU now Brazil energy infrastructure eliminated as portion been rate
solar, additions. our is X and in and and XX see decade, surge renewables delivery the a capacity with of In Where storage the storage averages will XXXX, the to without market X Slide new gas wind. gigawatts, business. add of expected added new which new next account capacity new Turning U.S. of requirements X Last building representing turbine year, gas or pipelines. the renewables are of U.S. gas taking those the gigawatts XX% battery for over delay into XX new XX% likely we and to to years permitting
advanced are is for unlikely X new reactors in another at few units decade. nuclear to a next expected While to a decommissioned capacity design material least plants brought occur years, contribution small in nuclear or the nuclear online be from
is have no continue all shortest demand power Taking that this vast greater Therefore, require manufacturing and energy over to and into amounts the electricity consideration, advanced and for the certainty. increased centers decade will the of batteries. price doubt time renewable coming to next data renewables much from there
X. to Moving Slide
Over potential the business changes. resilient endeavored our to past X years, to we policy have make
taken U.S. solar to either a onshoring exposure be to U.S., in to domestically for lead our we our have projects and our in-country We all trackers the chain supply new of XXXX. or batteries which essentially now panels, contracted First, online have through tariffs. produced coming limits our
them than significant safe in will we signed under of all under gigawatts protections, contracts regime. more X.X the harbor which tax of U.S., the the grandfather have policy have are half construction Second, existing nearly and
renewables form XX% markets, which gigawatts in X dollars of that about international U.S. markets, policy signed can note primarily even profitable backlog even most are but Third, of the should Chile, unaffected cheapest international by our our regime more in in of and energy without I U.S. or often, meaningful in subsidies. a PPAs are dispatchable changes. be
continues at new rapid a Lastly, AES's demand of increase majority corporations the whose to base vast are customer pace. for renewables
in the PPAs we corporations. the were XXXX, And once corporations by approximately largest provider in energy world. notably, BNEF clean to been fact, In have of with XX% signed the as large again designated we of
of Even are especially unlikely are no demand for we in eliminated that entirety, in there clients, credits many will our years. alternatives the renewables their where Without corporate continued timely data scenario prospectively centers, be realistic from believe strong because there very tax for the our access and to incentives would future a would and flow look cash tax be AI new the in Chile. there earnings can projects will revolution. price in lot like Obviously, of increase, This PPAs without profile change. power, a no
our However, matters is to in returns flow any cash per AES dollar invested. and what case, ultimately
and in This $X.X and base programs a rate me our our support billion, aging growth generation investment both plan coal transition to XXXX, to multiyear economic let Now on reliability In and X. to on executing AES Indiana turn our program growth Slide to leading are development. utilities of utilities AES of customer modernization a improve Indiana. investment and invested at we program business a XX%. Ohio includes
local Our is communities and investment our by and are driven top support with resilient customers, reliable, power. affordable priority plans our to
in We both which to rate we have even maintain our among as we states, base. rates grow the lowest residential expect
to or Turning X or investments. existing formula AES rates on through at than at More XX% TDSIC utilities, support program near we which is have Across that the riders AES rates FERC the X. of our Ohio. trackers growth riders recovered program formula Indiana our Slide real-time the returns investment yield or as transmission investment through
in the All of base of will XX% investment-grade modernizing for rate AES X fastest the which make at expect our of demand, plan in among Indiana This achieve credit to growth by this, gigawatts and Ohio annualized signed From center across and agreements we XXXX least data nation. new at combined support expect utilities we utilities. improvement XXXX. TPL to Inc., with over AES XXXX, X growing metrics
Slide XX. to turning Now
an remain business ratings which growth. earnings that fund for infrastructure cash our energy important provides base and to in and businesses We steady our and dividends role credit an help strategy, gas new our committed and flow customer support Our a offerings. includes substantial and all-of-the-above of
regasification During in dollars a which of our the XXX-megawatt quarter, the LNG Panama, greater completed result in tanks contracted new fully construction much in country. utilization existing of and will CCGT storage the fourth we in
carbon a or In yet the largely flow. as fleet. generation few assets addition, meaningful lower result of still from our a EBITDA will continue generation plants contribute of those closure and and a nonetheless, depreciated our minimize We of exit remain and increased cash rapidly markets. from in These coal emissions coal committed, to we're delaying carbon are our sale intensity full to demand
on of XXXX billion outlook billion XXXX. our financial rates, $X.XX $X.XX EPS through X% $X.XX growth our billion, parent Today, reaffirming growth including including we of all free cash We're initiating billion to our EBITDA $X.XX. are to guidance, adjusted of $X.XX XX. Slide and long-term adjusted to to of adjusted moving X% EBITDA to also $X.XX Now flow
our and adjusted EBITDA in also increase a As improving renewables mix we grow, business from significant utilities. we see we're as U.S.
our guidance beyond and on to our sheet plans credit Slide our turning XX. ratios period and balance improve Now to through
committed firmly are credit our We investment-grade as as our well dividend. rating to maintaining
As parent a taking to self-funded. be totally our we're actions capital reduce result, that equity requirements several will ensuring and cash flow improve plan while
ongoing I that we should in continue these strengthen measures our are on already note position to and what's to top guidance. of efforts financial our included will evaluate
development backlog focus and resized larger program projects projects. selecting better increase by organization fewer pursuing This have our allows available most the we our our to our but customers. on and attractive executing core to First, returns serve on capital our on strategy us to
the more a pipeline, equity. requiring agreements, without of U.S. portion expect enabling monetize to pipeline Given of AES XX-gigawatt transfer to renewables we development our strength our significant also us execute
$X.X in of the actions, reduced result and investment from parent a now need billion these through for the of As by equity. we all renewables XXXX business have eliminated our
streamlining organization our what planned. was originally ahead of are we Second,
significantly years Our today than ago. XX was is simpler business it
to million consists now growth we portfolio our is approximately $XXX concentrated realize in cost we countries, in as more XXXX, we XXXX in rate. operate execution our of XX% As $XXX million and ramping after this savings, full up run restructuring, than the the in renewables, a U.S. primarily year of achieve In will fewer over
new support will financial retain previously Third, assets projects. few of and metrics as I a fund beyond mentioned, our to we XXXX our coal
and XXXX Taken path enable a AES strength clear stronger an even and to actions financial metrics. achieve in commitments together, our credit long-term our these with
resilient we financial outcomes. deliver to have a strategy our In regardless of summary, commitments regulatory on
equipment, to U.S. and have our our supply onshoring business our by the We continued exiting chain to locking derisk Brazil, moving in and
remains years U.S. of strong As and as I our we and to renewables core financial XXXX and the clients is mentioned increase from point inflection many business for harvest investments. to begin our all earlier, results taking work Demand growing, we steps are of an our efficiency profitability. and corporate
competitive balance we We are call underlying our Steve. strengthening confident our advantages. turn committed capitalizing the over of unique our on to the business, that, to With in sheet will value and while are I
