Revenue (Tables)

6 Months Ended

Jun. 30, 2025

The following table presents our revenue from contracts with customers and other revenue for the periods indicated (in millions):



	Three Months Ended June 30, 2025
	Renewables SBU		Utilities SBU		Energy Infrastructure SBU		New Energy Technologies SBU		Corporate, Other and Eliminations		Total
Non-Regulated Revenue
Revenue from contracts with customers	$	638	$	20	$	1,236	$	—	$	(49)	$	1,845


Other non-regulated revenue (1)	6		1		70		—		—		77
Total non-regulated revenue	644		21		1,306		—		(49)		1,922
Regulated Revenue
Revenue from contracts with customers	—		927		—		—		—		927

Other regulated revenue	—		6		—		—		—		6
Total regulated revenue	—		933		—		—		—		933
Total revenue	$	644	$	954	$	1,306	$	—	$	(49)	$	2,855

	Three Months Ended June 30, 2024
	Renewables SBU		Utilities SBU		Energy Infrastructure SBU		New Energy Technologies SBU		Corporate, Other and Eliminations		Total
Non-Regulated Revenue
Revenue from contracts with customers	$	569	$	23	$	1,304	$	—	$	(35)	$	1,861


Other non-regulated revenue (1)	50		1		158		—		—		209
Total non-regulated revenue	619		24		1,462		—		(35)		2,070
Regulated Revenue
Revenue from contracts with customers	—		865		—		—		—		865

Other regulated revenue	—		7		—		—		—		7
Total regulated revenue	—		872		—		—		—		872
Total revenue	$	619	$	896	$	1,462	$	—	$	(35)	$	2,942



	Six Months Ended June 30, 2025
	Renewables SBU		Utilities SBU		Energy Infrastructure SBU		New Energy Technologies SBU		Corporate, Other and Eliminations		Total
Non-Regulated Revenue
Revenue from contracts with customers	$	1,258	$	43	$	2,458	$	—	$	(118)	$	3,641


Other non-regulated revenue (1)	52		2		168		—		—		222
Total non-regulated revenue	1,310		45		2,626		—		(118)		3,863
Regulated Revenue
Revenue from contracts with customers	—		1,903		—		—		—		1,903

Other regulated revenue	—		15		—		—		—		15
Total regulated revenue	—		1,918		—		—		—		1,918
Total revenue	$	1,310	$	1,963	$	2,626	$	—	$	(118)	$	5,781

	Six Months Ended June 30, 2024
	Renewables SBU		Utilities SBU		Energy Infrastructure SBU		New Energy Technologies SBU		Corporate, Other and Eliminations		Total
Non-Regulated Revenue
Revenue from contracts with customers	$	1,163	$	42	$	2,706	$	—	$	(75)	$	3,836


Other non-regulated revenue (1)	99		2		365		—		—		466
Total non-regulated revenue	1,262		44		3,071		—		(75)		4,302
Regulated Revenue
Revenue from contracts with customers	—		1,712		—		—		—		1,712

Other regulated revenue	—		13		—		—		—		13
Total regulated revenue	—		1,725		—		—		—		1,725
Total revenue	$	1,262	$	1,769	$	3,071	$	—	$	(75)	$	6,027

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(1) Other non-regulated revenue primarily includes lease and derivative revenue not accounted for under ASC 606.

AES CORP 10-Q