Ameren(AEE)
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Ameren Missouri doubles renewable energy program
Prnewswire· 2024-06-12 20:30
Organizations across Missouri partner with the company to support development in our region ST. LOUIS, June 12, 2024 /PRNewswire/ -- Ameren Missouri, a subsidiary of Ameren Corporation (NYSE: AEE), received approval today from the Missouri Public Service Commission to acquire a 150-megawatt (MW) solar facility that is currently under construction in Cass County, Illinois. The Cass County Renewable Energy Center will be used to double the size of the Renewable Solutions program."Demand remains very strong f ...
Ameren Missouri investing in reliable energy for when customers need it most
Prnewswire· 2024-06-10 10:45
As energy demand and threats of extreme weather rise, strengthening the energy grid is more important than everST. LOUIS, June 10, 2024 /PRNewswire/ -- Ameren Missouri, a subsidiary of Ameren Corporation (NYSE: AEE), has filed an application with the Missouri Public Service Commission to build an 800 megawatt simple-cycle natural gas energy center to serve as a reliable backup source of energy, ready to use when customers need it most. The Castle Bluff Energy Center is designed to bolster grid reliability a ...
Ameren Corporation Directors Declare Quarterly Dividend
Prnewswire· 2024-05-10 19:26
ST. LOUIS, May 10, 2024 /PRNewswire/ -- The board of directors of Ameren Corporation (NYSE: AEE) today declared a quarterly cash dividend on its common stock of 67 cents per share. This dividend is payable June 28, 2024, to shareholders of record at the close of business on June 12, 2024. Separately, the board of directors of Union Electric Company, doing business as Ameren Missouri, declared regular quarterly cash dividends on all classes of Union Electric Company's preferred stock. These preferred stock ...
Ameren's annual sustainability report focuses on ensuring reliability and supporting customers
Prnewswire· 2024-05-09 11:10
Core Insights - Ameren Corporation published its 2024 Sustainability Report, showcasing its commitment to environmental, social, governance, and sustainable growth initiatives [1][2] - The report highlights Ameren's achievements in 2023, including a new 20-year plan for energy needs in Missouri and expanded energy assistance programs [1] Group 1: Sustainability Initiatives - The company announced a comprehensive 20-year plan aimed at meeting the energy needs of Missouri customers in an environmentally responsible manner [1] - Ameren is expanding energy assistance for customers struggling to pay their energy bills, demonstrating a commitment to community support [1] - The workforce development initiatives include formal mentoring and programs for early- and mid-career professionals, aimed at fostering growth and success [1] Group 2: Leadership Statements - Marty Lyons, the chairman, president, and CEO of Ameren, expressed satisfaction with the company's progress in supporting customers and communities while accelerating renewable energy generation [1] - Gwen Mizell, the chief sustainability, diversity, and philanthropy officer, emphasized the importance of an inclusive energy transition that ensures no communities or workers are left behind [2] Group 3: Company Overview - Ameren Corporation serves 2.4 million electric customers and over 900,000 natural gas customers across a 64,000-square-mile area through its subsidiaries, Ameren Missouri and Ameren Illinois [3] - The company provides a range of services including electric generation, transmission, and distribution, as well as natural gas distribution [3]
Ameren (AEE) is a Top-Ranked Momentum Stock: Should You Buy?
Zacks Investment Research· 2024-05-07 14:56
Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.Zacks Premium also includes the Zacks Style Scores.What are the Zacks Style Scores?The Zacks Style Scor ...
Ameren(AEE) - 2024 Q1 - Quarterly Report
2024-05-06 19:27
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the Quarterly Period Ended March 31, 2024 OR ☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the transition period from to Exact name of registrant as specified in its charter; Commission State of Incorporation; IRS Employer File Number Address and Telephone Num ber Iden ...
Ameren(AEE) - 2024 Q1 - Earnings Call Transcript
2024-05-03 17:43
Ameren Corporation (NYSE:AEE) Q1 2024 Earnings Conference Call May 3, 2024 10:00 AM ET Company Participants Andrew Kirk – Director-Investor Relations and Corporate Modeling Marty Lyons – Chairman, President and Chief Executive Officer Michael Moehn – Senior Executive Vice President and Chief Financial Officer Shawn Schukar – Chairman and President, Ameren Transmission Company of Illinois Conference Call Participants Shar Pourreza – Guggenheim Partners Jeremy Tonet – JP Morgan Chase Carly Davenport – Goldman ...
Ameren(AEE) - 2024 Q1 - Quarterly Results
2024-05-02 21:06
Exhibit 99.1 NEWS RELEASE 1901 Chouteau Avenue: St. Louis, MO 63103: Ameren.com Contacts: Media Analysts Anthony Paraino Andrew Kirk 314.554.2182 314.554.3942 aparaino@ameren.com akirk@ameren.com For Immediate Release Ameren Announces First Quarter 2024 Results • First quarter Diluted Earnings Per Share were $0.98 in 2024 vs. $1.00 in 2023 • Guidance Range for 2024 Affirmed at $4.52 to $4.72 per Diluted Share ST. LOUIS (May 2, 2024) — Ameren Corporation (NYSE: AEE) today announced first quarter 2024 net inc ...
Ameren Announces First Quarter 2024 Results
Prnewswire· 2024-05-02 21:00
Core Insights - Ameren Corporation reported a diluted earnings per share of $0.98 for Q1 2024, a slight decrease from $1.00 in Q1 2023, with net income attributable to common shareholders at $261 million compared to $264 million in the previous year [1][2][3] - The company affirmed its earnings guidance for 2024, projecting a range of $4.52 to $4.72 per diluted share, assuming normal temperatures for the remaining months of the year [4] Financial Performance - Q1 2024 results were influenced by increased infrastructure investments and new service rates in both Ameren Illinois and Ameren Missouri, although these were partially offset by higher operational expenses and milder winter temperatures [2][4] - Ameren Missouri's earnings decreased to $25 million in Q1 2024 from $28 million in Q1 2023, while Ameren Illinois Electric Distribution earnings fell from $61 million to $56 million in the same period [4][5] - Conversely, Ameren Illinois Natural Gas segment saw an increase in earnings from $87 million in Q1 2023 to $106 million in Q1 2024, attributed to new delivery service rates [5] Operational Highlights - The company emphasized strong operational performance and strategic investments in infrastructure and grid technology, aiming for reliable and cleaner energy delivery [3] - Ameren's total operating revenues for Q1 2024 were reported at $1.816 billion, down from $2.062 billion in Q1 2023, with electric revenues decreasing from $1.590 billion to $1.364 billion [13][19] - Operating expenses decreased to $1.445 billion in Q1 2024 from $1.711 billion in Q1 2023, primarily due to lower fuel and purchased power costs [13] Cash Flow and Capital Expenditures - Net cash provided by operating activities was $492 million in Q1 2024, slightly down from $496 million in Q1 2023 [17] - Capital expenditures for Q1 2024 were $890 million, compared to $931 million in the same period last year, indicating a focus on managing investment costs [17] Shareholder Information - The weighted-average common shares outstanding increased to 266.4 million in Q1 2024 from 262.2 million in Q1 2023, impacting earnings per share calculations [12][18] - The company remains committed to disciplined cost management, expecting to achieve significant reductions in operations and maintenance expenses in the latter half of the year [3]
Ameren (AEE) to Post Q1 Earnings: What's in the Offing?
Zacks Investment Research· 2024-05-01 14:56
Core Viewpoint - Ameren Corporation (AEE) is expected to report its first-quarter 2024 results on May 2, following a previous quarter with a negative earnings surprise of 1.64%, but has a four-quarter average earnings surprise of 6% [1] Factors at Play - The service territories of Ameren Corporation experienced mixed weather patterns, with warmer-than-normal temperatures later in the quarter and below-normal temperatures at the start, likely leading to a moderate impact on overall revenue [2] - Adverse weather events, including winter storms and tornadoes, may have caused outages for some customers, potentially negatively affecting revenues [2] - Favorable rate base growth from prior quarters is expected to support first-quarter sales, with the Zacks Consensus Estimate for sales at $2.20 billion, indicating a 6.8% increase year-over-year [2] - Positive returns from infrastructure investments, new electric service rates effective from July 2023, and customer growth are projected to enhance the bottom line, although higher interest expenses may negatively impact earnings [3] - The Zacks Consensus Estimate for first-quarter earnings is $1.09 per share, reflecting a 9% increase from the same quarter in 2023 [3] Earnings Prediction - The earnings model indicates a potential earnings beat for AEE, supported by a positive Earnings ESP of +0.30% and a Zacks Rank of 3 (Hold) [4] Other Stocks to Consider - The AES Corporation (AES) is also set to report on May 2, with an Earnings ESP of +6.67% and a Zacks Rank of 3, expecting earnings of 30 cents per share, a 36.4% improvement year-over-year [5] - Eversource Energy (ES) will report before market open on May 2, with an Earnings ESP of +2.76% and a Zacks Rank of 2, estimating earnings of $1.45 per share, a 2.8% increase from the previous year [6] - Clean Energy Fuels (CLNE) is expected to report on May 9, with an Earnings ESP of +6.25% and a Zacks Rank of 3, estimating a loss of 3 cents per share, an improvement from a loss of 7 cents in the prior year [6]