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Ameren Corporation

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
$28.30B
P/E (TTM)
20.0
21.3
Dividend Yield
2.7%
52W High
$106.73
52W Low
$86.40
52W Range
90%
5.5
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Average • 5.5 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2015-2024

Financial Dashboard

Q3 2025 Data

Revenue

$2.70B+24.21%
4-Quarter Trend

EPS

$2.37+38.60%
4-Quarter Trend

FCF

$135.00M-151.92%
4-Quarter Trend

2025 Q3 Earnings Highlights

Key Highlights

Consolidated Net Income Rises Net income attributable to common shareholders reached $640M for the quarter, up 40.4% from $456M last year.
Nine Month EPS Strong Nine month diluted EPS was $4.43, a favorable increase of $0.78 compared to $3.65 reported previously.
Operating Cash Flow Improves Net cash provided by operating activities totaled $2.397B for nine months, showing a $451M increase year-over-year.
Total Assets Grow Substantially Total consolidated assets reached $47.416B as of September 30, 2025, up from $44.598B at year-end 2024.

Risk Factors

Regulatory Uncertainty Persists Outcomes of Missouri Senate Bill 4 and various pending rate appeals could materially impact future results and liquidity.
Higher Financing Costs Impact Interest charges increased $78M year-to-date due to higher interest rates on increased debt balances at parent.
Environmental Compliance Costs Revised EPA rules necessitate capital expenditures estimated between $90M and $120M through 2029 for Ameren Missouri.
Credit Rating Downgrade Risk Weakening credit ratings could trigger collateral postings, potentially requiring up to $701M in assurances for Ameren.

Outlook

Major Infrastructure Investment Ameren plans significant capital expenditures up to $27.4B through 2029, focused on utility infrastructure upgrades.
Missouri Resource Plan Update Ameren Missouri filed 2025 PRP modification targeting net-zero carbon by 2045, including 1.5GW load growth projection.
Illinois Rate Case Decisions ICC decision expected December 2025 for Ameren Illinois gas rate review; electric reconciliation decision due December 2025.
MISO Transmission Projects Execution of MISO long-range transmission projects continues, with FERC approving rate incentives for ATXI components.

Peer Comparison

Revenue (TTM)

Edison InternationalEIX
$18.09B
+4.4%
DTE Energy CompanyDTE
$14.82B
+19.4%
FirstEnergy Corp.FE
$14.47B
+7.6%

Gross Margin (Latest Quarter)

Evergy, Inc.EVRG
86.0%
+29.4 pp
DTE Energy CompanyDTE
83.5%
+46.5 pp
FirstEnergy Corp.FE
60.3%
-6.8 pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
ETR$43.40B23.511.5%43.4%
PEG$41.58B20.012.6%23606.1%
DTE$28.40B29.28.2%48.6%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
+11.6%
Steady Growth
4Q Net Income CAGR
+45.7%
Profitability Improved
Cash Flow Stability
100%
Strong Cash Flow

Research & Insights

Reports
All Years

  • Form 10-Q - Q3 2025

    Period End: Sep 30, 2025|Filed: Nov 6, 2025|
    Revenue: $2.70B+24.2%
    |
    EPS: $2.37+38.6%
    Beat

  • Form 10-Q - Q2 2025

    Period End: Jun 30, 2025|Filed: Aug 4, 2025|
    Revenue: $2.22B+31.2%
    |
    EPS: $1.02+5.2%
    Beat

  • Form 10-Q - Q1 2025

    Period End: Mar 31, 2025|Filed: May 5, 2025|
    Revenue: $2.10B+15.5%
    |
    EPS: $1.07+9.2%
    Meet

  • Form 10-K - FY 2024

    Period End: Dec 31, 2024|Filed: Feb 18, 2025|
    Revenue: $7.62B+1.6%
    |
    EPS: $4.43+1.1%
    Miss

  • Form 10-Q - Q3 2024

    Period End: Sep 30, 2024|Filed: Nov 7, 2024|
    Revenue: $2.17B+5.5%
    |
    EPS: $1.71-8.6%
    Miss

  • Form 10-Q - Q2 2024

    Period End: Jun 30, 2024|Filed: Aug 5, 2024|
    Revenue: $1.69B-3.8%
    |
    EPS: $0.97+7.8%
    Meet

  • Form 10-Q - Q1 2024

    Period End: Mar 31, 2024|Filed: May 6, 2024|
    Revenue: $1.82B-11.9%
    |
    EPS: $0.98-3.0%
    Miss

  • Form 10-K - FY 2023

    Period End: Dec 31, 2023|Filed: Feb 29, 2024|
    Revenue: $7.50B-5.7%
    |
    EPS: $4.38+5.3%
    Miss