Indianapolis Power & Light Company PFD 4% IPWLP OTC

Indianapolis Power & Light Company PFD 4% (IPWLP) generated $4.31B in operating cash flow for fiscal year 2025. After capital expenditures of $5.93B, free cash flow was $-1.62B.

Free cash flow margin was -13.3% of revenue. Cash conversion ratio was 4.73x, indicating earnings are backed by cash.

Criteria supported by this page:

• HEALTH (0/100, Fail) — weak cash flow raises concerns about debt servicing
• MOAT (16/100, Fail) — limited free cash flow weakens the competitive position
• INCOME (45/100) — Cash conversion ratio was 4.73x confirms earnings are backed by real cash flow

Overall SharesGrow Score: 37/100 with 0/7 criteria passed.