Core Insights - Ameren Corporation (AEE) reported fourth-quarter 2024 earnings of 77 cents per share, missing the Zacks Consensus Estimate of 79 cents by 2.5%, but showing a 28.3% improvement from the previous year's figure of 60 cents [1] - For the full year 2024, adjusted earnings were reported at $4.63 per share, aligning with the Zacks Consensus Estimate [2] Revenue Performance - Total operating revenues for the fourth quarter reached $1.94 billion, a 20% increase year over year, surpassing the Zacks Consensus Estimate of $1.75 billion by 10.3% [3] - For the full year 2024, operating revenues amounted to $7.62 billion, up from $7.50 billion in the prior year, also exceeding the consensus estimate of $7.50 billion [3] Sales and Expenses - Total electricity sales volumes increased by 1.1% to 15,929 million kilowatt-hours (kWh) from 15,760 million kWh in the year-ago period, while gas volumes decreased by 1.9% to 53 million dekatherms [4] - Total operating expenses rose to $1.74 billion, reflecting a 28.7% year-over-year increase [4] - Interest expenses for the fourth quarter totaled $171 million, compared to $153 million in the prior-year quarter [4] Segment Performance - The Ameren Missouri segment reported adjusted earnings of $604 million in 2024, with GAAP earnings of $559 million compared to $545 million in 2023 [5] - The Ameren Illinois Electric Distribution segment reported earnings of $234 million in 2024, down from $258 million a year ago due to a lower allowed return on equity [5] - The Ameren Illinois Natural Gas segment saw earnings increase to $149 million in 2024 from $134 million, attributed to new delivery service rates and lower operational expenses [6] - The Ameren Transmission segment reported adjusted earnings of $333 million in 2024, with GAAP earnings of $323 million compared to $296 million in the prior year, driven by infrastructure investments [7] Financial Condition - As of December 31, 2024, cash and cash equivalents were reported at $7 million, down from $25 million at the end of 2023 [8] - Long-term debt increased to $17.26 billion from $15.12 billion as of December 31, 2023 [8] - Cash flow from operating activities amounted to $2.76 billion, compared to $2.56 billion a year ago [8] Guidance - Ameren reaffirmed its 2025 earnings guidance, expecting earnings per share (EPS) in the range of $4.85-$5.05, with the Zacks Consensus Estimate for 2025 earnings at $4.93 per share [9] Zacks Rank - Ameren currently holds a Zacks Rank 3 (Hold) [10]

Use of Non-GAAP Financial Measures In this presentation, Ameren has presented adjusted earnings per share, which is a non-GAAP measure and may not be comparable to those of other companies. A reconciliation of GAAP to non-GAAP information is included in this presentation. Generally, adjusted earnings or losses include earnings or losses attributable to Ameren common shareholders and exclude income or loss from significant discrete items that management does not consider representative of ongoing earnings, s ...

Ameren (AEE) Q4 2024 Earnings Call February 14, 2025 10:00 AM ET Company Participants Andrew Kirk - Director, IRMartin Lyons - President, CEO & Chairman of the BoardMichael Moehn - Executive VP, CFO, Ameren Corp., President, Ameren ServicesShar Pourreza - Senior Managing DirectorNicholas Campanella - DirectorAnthony Crowdell - Managing DirectorBill Appicelli - Executive Director, Head of North America Power & Utilities ResearchDavid Paz - Senior Vice President Conference Call Participants Durgesh Chopra - A ...

Core Viewpoint - Ameren Missouri is revising its generation strategy to enhance economic growth, reliability, and job creation in Missouri, targeting 1.5 gigawatts of new energy demand by 2032 through a balanced mix of generation resources [1][4]. Group 1: Generation Strategy and Investments - The updated Preferred Resource Plan (PRP) aims for an overall increase of 1.8 gigawatts of capacity by 2030 and a total of 2.3 gigawatts by 2035, representing an additional investment opportunity of $5 billion by 2030 and $7 billion by 2035 [4]. - The Smart Energy Plan includes a $16.2 billion investment over five years to modernize infrastructure, enhancing grid reliability and resiliency [2][6]. - Ameren Missouri plans to build 1,600 megawatts of natural gas generation by 2030 and a total of 6,100 megawatts by 2045, alongside 2,700 megawatts of renewable energy by 2030 [7]. Group 2: Economic Development and Community Impact - In 2024, Ameren Missouri facilitated nearly two dozen new economic development projects and has construction agreements with potential large load customers [2]. - The company has spent approximately $2 billion with Missouri-based suppliers and contractors, benefiting over 1,200 businesses across 60 counties [9]. - Businesses announced more than $3.1 billion in planned capital investment to relocate or expand in Ameren Missouri's service territory in 2024 [8]. Group 3: Reliability and Infrastructure Improvements - The Smart Energy Plan has led to the installation of 134 new or upgraded substations, enhancing service across Missouri [6]. - Smart switch technology has significantly improved reliability, restoring power for over 50,000 customers during major storms in 2024, saving 8 million minutes of outages [8][12]. - The plan includes deploying 1,000 megawatts of battery storage by 2030 and planning for 1,500 megawatts of new nuclear energy generation by 2045 [7].

Core Viewpoint - Ameren reported quarterly earnings of $0.77 per share, missing the Zacks Consensus Estimate of $0.79 per share, but showing an increase from $0.60 per share a year ago, indicating a -2.53% earnings surprise [1] - The company posted revenues of $1.94 billion for the quarter, exceeding the Zacks Consensus Estimate by 10.32%, compared to $1.62 billion in the same quarter last year [2] Earnings Performance - Over the last four quarters, Ameren has surpassed consensus EPS estimates only once [2] - The company had an earnings surprise of -2.09% in the previous quarter, with actual earnings of $1.87 per share against an expectation of $1.91 per share [1] Stock Performance - Ameren shares have increased by approximately 9.1% since the beginning of the year, outperforming the S&P 500's gain of 2.9% [3] Future Outlook - The company's earnings outlook is crucial for investors, including current consensus earnings expectations for upcoming quarters and any recent changes to these expectations [4] - The current consensus EPS estimate for the next quarter is $1.16 on revenues of $1.97 billion, and for the current fiscal year, it is $4.93 on revenues of $8.05 billion [7] Industry Context - The Utility - Electric Power industry, to which Ameren belongs, is currently ranked in the bottom 43% of over 250 Zacks industries, which may impact stock performance [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, suggesting that tracking these revisions can be beneficial for investors [5][6]

Financial Performance - 2024 net income attributable to common shareholders was $1,182 million, or $4.42 per diluted share, compared to $1,152 million, or $4.38 per diluted share in 2023, reflecting a 2.6% increase in net income [2]. - Adjusted net income for 2024 was $1,237 million, or $4.63 per diluted share, with no differences from GAAP earnings in 2023 [2][3]. - The net income attributable to Ameren common shareholders for the year ended December 31, 2024, was $1,182 million, reflecting an increase of 2.6% from $1,152 million in 2023 [26]. - Net income for the year ended December 31, 2024, increased to $1,187 million from $1,157 million in 2023, representing a growth of 2.6% [30]. - The company recorded a loss of $83 million for Ameren Parent in 2024, slightly higher than the $81 million loss in 2023, primarily due to increased interest expenses [17]. Earnings Guidance - Earnings guidance for 2025 is affirmed at a range of $4.85 to $5.05 per diluted share, indicating a projected growth of 6% to 8% compound annual growth rate from 2025 through 2029 [4][10]. Segment Performance - Ameren Missouri's 2024 GAAP earnings were $559 million, up from $545 million in 2023, driven by increased infrastructure investments and new electric service rates [13]. - Ameren Transmission's 2024 GAAP earnings increased to $323 million from $296 million in 2023, reflecting growth from infrastructure investments [14]. - Ameren Illinois Electric Distribution reported 2024 earnings of $234 million, down from $258 million in 2023, due to a lower return on equity under the new multi-year rate plan [15]. - Ameren Illinois Natural Gas segment earnings improved to $149 million in 2024 from $134 million in 2023, attributed to new delivery service rates and lower expenses [16]. Revenue and Sales - Ameren Corporation reported total operating revenues of $1,941 million for the three months ended December 31, 2024, an increase of 19.9% compared to $1,618 million for the same period in 2023 [26]. - Total electric sales for Ameren increased to 15,929 million kilowatt-hours in Q4 2024, up from 15,760 million kilowatt-hours in Q4 2023, a growth of 1.1% [33]. - Ameren's total electric revenues for the year reached $6,540 million in 2024, compared to $6,439 million in 2023, reflecting a year-over-year increase of 1.6% [33]. - Gas revenues for Ameren totaled $1,083 million in 2024, up from $1,061 million in 2023, marking a growth of 2.1% [35]. Assets and Liabilities - Total current assets increased to $2,264 million as of December 31, 2024, compared to $2,181 million as of December 31, 2023, marking a growth of 3.8% [28]. - Property, Plant, and Equipment, Net rose to $36,304 million as of December 31, 2024, from $33,776 million in 2023, indicating an increase of 7.5% [28]. - Total assets reached $44,598 million as of December 31, 2024, compared to $40,830 million in 2023, reflecting a growth of 9.3% [28]. - Long-term debt increased to $17,262 million as of December 31, 2024, from $15,121 million in 2023, representing a rise of 14.2% [28]. - The total current liabilities increased to $3,413 million as of December 31, 2024, from $3,345 million in 2023, showing a rise of 2.0% [28]. Cash Flow and Expenditures - Net cash provided by operating activities rose to $2,763 million in 2024, compared to $2,564 million in 2023, an increase of 7.8% [30]. - Capital expenditures for the year were $4,319 million in 2024, compared to $3,597 million in 2023, indicating an increase of 20.0% [30]. - Dividends on common stock increased to $714 million in 2024 from $662 million in 2023, a rise of 7.9% [30]. - Cash, cash equivalents, and restricted cash at the end of 2024 were $328 million, up from $272 million at the end of 2023, an increase of 20.6% [30]. Other Income and Operating Performance - The company reported operating income of $198 million for the three months ended December 31, 2024, a decrease of 25% from $264 million in the same period of 2023 [26]. - Other income, net for the year ended December 31, 2024, was $417 million, an increase of 19.8% compared to $348 million in 2023 [26]. - The company reported a decrease in deferred income taxes and production and investment tax credits, net, from $229 million in 2023 to $127 million in 2024, a decline of 44.5% [30]. Strategic Initiatives - Ameren's strategy includes investments to modernize the energy grid and enhance cleaner energy resources, focusing on disciplined cost management [11]. - The projected rate base growth is approximately 9.2% compounded annually from 2024 through 2029, supporting future earnings growth [10]. Shareholder Information - The number of shares outstanding increased to 269.9 million in 2024 from 266.3 million in 2023, a growth of 1.4% [35].

2024 GAAP Diluted Earnings Per Share (EPS) were $4.42 vs. $4.38 in 2023 2024 Adjusted (Non-GAAP) Diluted Earnings Per Share were $4.63 vs. $4.38 in 2023 Earnings Guidance Range for 2025 Affirmed at $4.85 to $5.05 per Diluted Share Diluted EPS Compound Annual Growth Rate Guidance of 6% to 8% issued for 2025 through 2029, using 2025 Guidance Midpoint as a Base ST. LOUIS, Feb. 13, 2025 /PRNewswire/ -- Ameren Corporation (NYSE: AEE) today announced 2024 net income attributable to common shareholders in accord ...

Ameren Corporation (AEE) announced that the board of directors has approved a 6% increase in the quarterly dividend rate. Following the board's approval, the company’s share price rose 0.2% to reach $97.26 on Feb. 13, 2025.AEE’s revised quarterly dividend will now be 71 cents, payable on March 31, 2025, to shareholders of record at the close of the business on March 11, 2025. This is the 12th consecutive year that the company has increased dividends on its common shares.AEE’s new annualized dividend rate is ...

New annualized rate is $2.84 per share ST. LOUIS, Feb. 7, 2025 /PRNewswire/ -- The board of directors of Ameren Corporation (NYSE: AEE) today declared a quarterly cash dividend on its common stock of 71 cents per share, an approximate 6 percent increase from the prior quarterly cash dividend of 67 cents per share, resulting in an annualized equivalent dividend rate of $2.84 per share. The previous annualized equivalent dividend rate was $2.68 per share. "We are pleased to announce that this marks the twelf ...

ST. LOUIS, Jan. 17, 2025 /PRNewswire/ -- Martin J. Lyons Jr., chairman, president and CEO of Ameren Corp. (NYSE: AEE), and Michael L. Moehn, senior executive vice president and CFO of Ameren Corp., will discuss fourth quarter 2024 earnings, earnings guidance and other matters in a conference call with financial analysts at 9 a.m. Central Time (10 a.m. Eastern Time) on Friday, Feb. 14.  The call will be broadcast live over the internet on AmerenInvestors.com. Supporting materials for the call will be posted ...