AES 3Q21 schedule and inflation notes ?3

09:10 05-Oct-21

AES Corp. has scheduled its third quarter report for the morning of November 4th.  The average of 3 analyst estimates is 44 cents of EPS from $2.5b of revenue, which is expected to remain steady this quarter.  I will certainly monitor the call for commentary on the Fluence IPO as well as utility strategy in an environment where energy prices are spiking ever further. 

Of particular note is TTF ($32.96) exceeding JKM ($31.56) for November delivery, but still being outbid further out.  Henry Hub has risen $6.06 while Brent and WTI are at $82.61 and $78.71 respectively; Golar and Xebec investors should take note.  Broader inflation is going to put the Fed between a rock and a hard place, and emphasizes to me how much America and China need one another.  However, yesterday's press conference only indicated that we'll have to keep waiting, even as the trade deficit widens.