Executive VP & CFO, Aes
Search every verified Stephen Coughlin interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. Stephen Coughlin, executive vice president and CFO of AES, participated in the company’s third quarter 2025 earnings calls on November 16 and November 23, 2025. He reported that third quarter adjusted EBITDA was $830 million, up from $698 million a year earlier, and stated that the company is reaffirming its five to seven percent long-term growth rate for adjusted EBITDA through 2027. Coughlin said AES is self-funded through 2027 and has no plans to issue equity, and that its top priority is strengthening the balance sheet and maintaining investment-grade ratings. He noted that returns on recent data center power purchase agreements are trending toward the upper end of the company’s 12 to 15 percent IRR guidance range. Separately, Coughlin has given a series of political and ideological briefings through Unconstrained Analytics, a nonprofit he leads. In these appearances, he has argued that Marxism operates as a political warfare campaign and that the left can only be understood through that framework. He has stated that the Muslim Brotherhood and neo-Marxist groups are aligned in a “united front” and that the COVID-19 lockdowns were used as a revolutionary tactic. Coughlin has also asserted that the term “democracy” as used by Democrats maps to a Marxist definition, that the destruction of families is a key Marxist objective, and that intersectionality is a form of Marxism. These views were expressed at conferences and in online briefings between 2019 and 2024.
“Third quarter adjusted EBIDA was $830 million versus $698 million a year ago.”
“We have already realized the majority of the $150 million in cost savings for this year and we are on track to achieve a $300 million annual run rate in 2026.”
“Adjusted EPS increased to $0.75 per share versus $0.71 in the prior year, driven by similar factors to adjusted EBIDA partially offset by higher depreciation and interest expense.”
“We have already achieved more than three quarters of the midpoint of our guidance year to date and I am highly confident in our full-year range of $2.65 to $2.85 billion.”
“We're also reaffirming our five to seven percent long-term growth rate for adjusted EBIDA through 2027 and expect significantly less drag from asset sales and cold retirements going forward.”
“Sources reflect approximately $2.7 billion of total discretionary cash, including achieving the upper half of our $1.15 to $1.25 billion parent free cash flow target; we will return more than $500 million of dividends to shareholders this year while investing approximately $1.8 billion toward new growth.”
“No, we're reaffirming the five to seven percent through 2027; when we referenced the $400 million in our remarks, we're talking about projects in the backlog that will yield incremental $400 million of EBIDA beyond 2027.”
“Our top priority is continuing to strengthen our balance sheet and keeping our investment grade ratings strong; we are self-funded through 2027 and do not have any plans to issue equity in this horizon.”
“The returns on recent data center PPAs tend to be at the higher end of our 12 to 15% guidance range; these projects are in high demand and we're trending toward the upper end of our IRR guidance.”
“At our energy infrastructure SBU, higher EBIDA primarily reflects our acquisition of the remaining ownership in the Cochran coal plant, cost savings, and the commencement of operations at our Gatun gas plant last year.”
“Third quarter adjusted EBITDA was $830 million versus $698 million a year ago. This was driven by significant growth from new renewables projects, rate‑based investment at our U.S. utilities, and continued progress on our cost savings program — we have already realized the majority of the $150 million in cost savings f...”
“We have already achieved more than three quarters of the midpoint of our 2025 EBIDA guidance year‑to‑date and I am highly confident in our full‑year range of $2.65 to $2.85 billion. Growth in the year to go will be primarily driven by contributions from new renewables projects, rate‑based investment in our U.S. utiliti...”
“We're reaffirming our 5–7% long‑term growth rate for adjusted EBIDA through 2027 and expect a strong step‑up into the low teens next year; notably this is driven by IBIDA contributions from our 11.1 GW renewables backlog and roughly 11% utilities rate‑based growth. Beyond 2027 we expect an incremental $400 million of r...”
“Sources for our 2025 parent capital plan reflect approximately $2.7 billion of total discretionary cash, including achieving the upper half of our $1.15–$1.25 billion parent free cash flow target; we expect to borrow an additional $500 million at the parent, return more than $500 million of dividends this year, and inv...”
“Our consolidated Moody's FFO to net debt metric is tracking ahead of the agreed path of 10%–11% in 2025 and we are confident in achieving the 12% target by the end of 2026. Strengthening the balance sheet and maintaining our investment‑grade ratings is our top priority.”
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The AES Corporation AES Q3 2025 Earnings Call --------- In this video, we'll cover the latest quarterly earnings results, key ...
Stephen Coughlin discusses, "Dividing the Line - Inside Critical Theory," at the American Freedom Alliance WW III Conference in Milwaukee, WI, September 14, 2024. The opinions expressed in this video are those of the speaker, and do not reflect those of the American Freedom Alliance and should not be interpreted as having been approved or endorsed by AFA.
Stephen Coughlin discusses, "The Deep Attack - Marxism's War on Women," at the America Freedom Alliance conference, "The War on Women."
Stephen Coughlin discusses The Dialectical Aircraft and the Narrative Arc, at the "WW Xi" panel that discusses the dangers of China's meddling in the United States and around the world at CPAC 2024.
The Dialogue/Praxis Process is the backbone of Marxism. The early Marxists and the Frankfurt School were emphatic about this. This is part of a multi-series political warfare briefing by Stephen Coughlin. ------ Visit our Website: https://unconstrainedanalytics.org Join the UA mailing list on the site or make a donation to help support the work of of Unconstrained Analytics, a 501(c)3. Follow on Twitter: Unconstrained Analytics: / analyzeevidence Stephen Coughlin: / s_coughlin_dc Rich Higgins: / richhiggins_dc
Stephen Coughlin of Unconstrained Analytics gives the first part of a multi-part briefing on how Marxism really works from a political warfare regime, which is the only way to understand the Left and what is happening today. ------------ Visit our Website: https://unconstrainedanalytics.org Sign up for the UA mailing list on the site or consider making a donation to help support the work of Unconstrained Analytics, a 501(c)3. Follow on Twitter: Unconstrained Analytics: / analyzeevidence Stephen Coughlin: / s_coughlin_dc Rich Higgins: / richhiggins_dc
Stephen Coughlin of Unconstrained Analytics gives a briefing on the Muslim Brotherhood and its ties to President Erdogan of ...
Stephen Coughlin of Unconstrained Analytics gives a briefing on the Muslim Brotherhood and its ties to President Erdogan of Turkey. Part 1 of 2 Camp Constitution is an all volunteer association of Americanists. We run a week-long family camp, man information tables at various venues, have a book publishing arm, and post videos from our camp and others that we think are of importance.
Richard Higgins is a Senior Fellow at Unconstrained Analytics. He is an expert on the nexus between theological doctrines and information age unconventional warfare and has spent 20 years combating terrorism. Higgins has advised the White House, Congress, and Foreign Governments on strategy, technology, and terrorism related matters. He is a 2011 Lincoln Fellow from the Claremont Institute and a US Army Veteran. Stephen Coughlin is an attorney, decorated intelligence officer and noted specialist on Islamic law, ideology and associated issues as they relate to terrorism and subversion. In 200…
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