Ameren Corporation

NYSE•AEE

CEO: Mr. Martin J. Lyons Jr.

Sector: Utilities

Industry: Regulated Electric

Listing Date: 1998-01-02

Ameren Corporation, together with its subsidiaries, operates as a public utility holding company in the United States. The company operates through four segments: Ameren Missouri, Ameren Illinois Electric Distribution, Ameren Illinois Natural Gas, and Ameren Transmission. It engages in the rate-regulated electric generation, transmission, and distribution activities; and rate-regulated natural gas distribution business. In addition, the company generates electricity through coal, nuclear, and natural gas, as well as renewable sources, such as hydroelectric, wind, methane gas, and solar. It serves residential, commercial, and industrial customers. The company was founded in 1881 and is headquartered in Saint Louis, Missouri.

Contact Information

1901 Chouteau Avenue, Saint Louis, MO, 63103, United States

314-621-3222

www.amereninvestors.com

Market Cap

$31.20B

P/E (TTM)

21.0

22.3

Dividend Yield

2.6%

52W High

$113.93

52W Low

$91.77

52W Range

95%

Rank29Top 17.8%

5.2

F-Score

Modified Piotroski Analysis

Based on 10-year fundamentals

Average • 5.2 / 9 points

Scoring Range (0-9)

8-9: Excellent Value

6-7: Strong Fundamentals

4-5: Average Quality

0-3: Weak Performance

Data Period: 2016-2025

Financial Dashboard

Q4 2025 Data

Revenue

$1.78B+0.00%

4-Quarter Trend

EPS

$0.93+0.00%

4-Quarter Trend

FCF

-$80.00M+0.00%

4-Quarter Trend

2025 Annual Earnings Highlights

Key Highlights

Total Revenue Growth Total operating revenues reached $8.80 B in 2025, marking an increase of $1.18 B compared to 2024.

Net Income Attributable Net income attributable to common shareholders was $1.46 B in 2025, reflecting a favorable increase of $274 M.

Strong Operating Cash Flow Cash provided by operating activities increased $590 M year-over-year, totaling $3.35 B for the 2025 period.

Future Capital Allocation Projected cumulative capital expenditures for 2026 through 2030 range from $30.5 B to $33.1 B across segments.

Risk Factors

Regulatory Recovery Uncertainty Regulatory lag and prudence reviews limit timely cost recovery, potentially impacting allowed returns on infrastructure investments.

Cybersecurity Threat Exposure Enterprise risk management addresses increasing sophistication of cyber and physical attacks on critical energy assets.

Coal Supply Chain Risks Disruptions in Powder River Basin coal deliveries could force higher fuel purchases, negatively affecting generation operations.

High Infrastructure Investment Significant capital expenditures required for infrastructure maintenance, totaling $4.13 B in 2025, subject to regulatory recovery.

Outlook

Missouri Carbon Transition Ameren Missouri targets net-zero carbon emissions by 2045, including retiring all coal-fired centers by 2042.

Illinois Efficiency ROE Changes CRGA modifies Illinois energy-efficiency ROE structure starting 2027; Ameren Illinois filed 2028-2031 Grid Plan.

Large Load Demand Growth Executed agreements for 2.2 GW of demand from large customers, driving future transmission and generation investment needs.

Missouri Resource Planning PPRA effective August 2025 modifies Missouri resource planning, allowing future test years for natural gas delivery rates.

Peer Comparison

Revenue (TTM)

$29.55B

+10.6%

EIX

$19.32B

+9.8%

DTE

$15.63B

+25.4%

Gross Margin (Latest Quarter)

MGEE

199.4%

-15.2pp

PEG

171.1%

+0.8pp

CMS

127.9%

-13.3pp

Key Metrics

Symbol	Market Cap	P/E (TTM)	ROE (TTM)	Debt to Assets
SO	$108.79B	24.7	12.5%	42.3%
ETR	$51.92B	29.2	10.8%	43.0%
PEG	$41.28B	19.5	12.6%	42.3%

Long-Term Trends

Last 4 Quarters

Revenue

Net Income

Operating Cash Flow

4Q Revenue CAGR

-5.3%

Growth Under Pressure

4Q Net Income CAGR

-4.5%

Stable Profitability

Cash Flow Stability

100%

Strong Cash Flow

Deep Research

Next earnings:Apr 29, 2026

EPS:-

Revenue:-

Financials

Earnings Calls

Reports

News

Income Statement

Balance Sheet

Cash Flow Statement

Ratios

% Chg.

Income Statement	LTM

No Data