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 ...

Core Points - Ameren Corporation declared a quarterly cash dividend of 71 cents per share, marking a 6% increase from the previous dividend of 67 cents per share, resulting in an annualized dividend rate of $2.84 per share, up from $2.68 per share [1][2] - This increase represents the twelfth consecutive year of dividend growth, reflecting the board's confidence in the company's sustainable long-term growth strategy, which includes investments in energy infrastructure projects [2] - The company anticipates future dividend growth to align with long-term earnings-per-share growth expectations, maintaining a payout ratio between 55% to 65% [2] Dividend Payment Details - The common share dividend is payable on March 31, 2025, to shareholders of record as of March 11, 2025 [3] - Union Electric Company, a subsidiary of Ameren, declared regular quarterly cash dividends on preferred stock, payable on May 15, 2025, to shareholders of record by April 17, 2025 [3] - Ameren Illinois Company also declared regular quarterly cash dividends on preferred stock, payable on May 1, 2025, to shareholders of record by April 11, 2025 [4] 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 [5] - Ameren Illinois provides electric transmission and distribution services as well as natural gas distribution services, while Ameren Missouri offers electric generation, transmission, and distribution services along with natural gas distribution [5] - Ameren Transmission Company of Illinois focuses on developing, owning, and operating rate-regulated regional electric transmission projects [5]

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 ...

Transmission projects to bolster grid resiliency and energy reliability for millions of customers ST. LOUIS, Jan. 14, 2025 /PRNewswire/ -- The Midcontinent Independent System Operator (MISO) has selected Ameren to build multiple critical energy infrastructure projects that will carry clean, reliable energy to distribution grids in Missouri, Illinois and several Midwest states. The projects, which MISO estimates will represent a total investment of approximately $1.3 billion, are part of a portfolio of energ ...

Company providing reliable energy through a balanced generation mixST. LOUIS, Dec. 19, 2024 /PRNewswire/ -- Today, Ameren Missouri announced 500 megawatts (MW) of new solar generation, representing a total investment of approximately $950 million, are now serving customers. Combined, the three facilities are anticipated to generate energy sufficient to power 92,000 homes annually.  Ameren Missouri's Cass County Renewable Energy Center. It along with the Boomtown Renewable Energy Center will serve Ameren ...

ST. LOUIS, Dec. 16, 2024 /PRNewswire/ -- Ameren Corporation (NYSE: AEE) announced today that Steven O. Vondran has been elected to the Ameren board of directors, effective Jan. 1, 2025.Vondran is the president and chief executive officer of American Tower Corporation, a global real estate investment trust and independent owner, operator and developer of multitenant communications real estate with a portfolio of over 148,000 communications sites and a highly interconnected footprint of U.S. data center facil ...

Ameren Corporation (NYSE:AEE) Q3 2024 Results Conference Call November 7, 2024 10:00 AM ET Company Participants Andrew Kirk - Director-Investor Relations and Corporate Modeling Martin Lyons - Chairman, President and Chief Executive Officer Michael Moehn - Senior Executive Vice President and Chief Financial Officer Conference Call Participants Robin Shillock - JPMorgan Paul Patterson - Glenrock Associates Carly Davenport - Goldman Sachs Brian Russo - Jefferies David Paz - Wolfe Research Nick Campanella - Bar ...

Financial Performance - Net income attributable to Ameren common shareholders for Q3 2024 was $456 million, or $1.70 per diluted share, down from $493 million, or $1.87 per diluted share in Q3 2023[196]. - For the nine months ended September 30, 2024, net income was $975 million, or $3.65 per diluted share, compared to $994 million, or $3.78 per diluted share in the same period last year[196]. - Net income attributable to Ameren common shareholders decreased by $37 million in Q3 2024 compared to Q3 2023, with earnings per diluted share decreasing by $0.17[221]. - For the nine months ended September 30, 2024, net income attributable to Ameren common shareholders decreased by $19 million, with earnings per diluted share down by $0.13[222]. - The company reported a net income of $979 million for the nine months ended September 30, 2024, compared to $998 million for the same period in 2023, a decrease of 1.9%[231]. - The net income attributable to Ameren common shareholders for Q3 2024 was $56 million, down from $66 million in Q3 2023, representing a decline of 15.2%[233]. - The company reported a net income of $174 million for the nine months ended September 30, 2024, compared to $194 million for the same period in 2023, a decrease of 10.3%[235]. Revenue and Sales - Electric revenues for Q3 2024 reached $2,035 million, a 5.9% increase from $1,921 million in Q3 2023[229]. - Total electric revenues for the nine months ended September 30, 2024, were $4,920 million, a slight decrease from $5,096 million in the same period of 2023[231]. - Ameren's electric revenues increased by $114 million, or 6%, for the three months ended September 30, 2024, compared to the previous year, primarily driven by increased revenues at Ameren Missouri and Ameren Transmission[239]. - For the nine months ended September 30, 2024, Ameren's electric revenues decreased by $176 million, or 3%, mainly due to decreased revenues at Ameren Illinois Electric Distribution and Ameren Missouri[239]. - Revenues associated with other cost recovery mechanisms increased by $10 million and $23 million for the three and nine months ended September 30, 2024, respectively[241]. - Revenues from Ameren Illinois Electric Distribution decreased by $6 million, or 1%, for Q3 2024, and by $155 million, or 9%, for the nine months ended September 30, 2024[246]. Investments and Capital Expenditures - Ameren invested $3.0 billion in its rate-regulated businesses in the nine months ended September 30, 2024[199]. - Ameren Missouri's Smart Energy Plan includes a five-year capital investment of approximately $12.4 billion to upgrade electric infrastructure and accommodate renewable energy[206]. - Ameren Missouri plans to invest up to $22.8 billion in capital expenditures from 2024 through 2028, including $3.3 billion for renewable generation investments[370]. - Capital expenditures increased by $458 million during the first nine months of 2024, primarily due to the acquisition of solar projects[316]. - Ameren Missouri acquired solar projects for a total purchase price of approximately $0.9 billion in 2024[369]. Rate Changes and Regulatory Filings - Ameren Missouri filed a request for a $446 million electric service rate increase based on a 10.25% ROE and a rate base of $14 billion, with a decision expected by May 2025[200]. - The MoPSC is expected to decide on Ameren Missouri's $40 million natural gas delivery service rate increase request by August 2025[208]. - New rates for Ameren Illinois' electric energy-efficiency formula rate update are expected to increase rates by $26 million, with a decision required by December 2024[212]. - The ICC approved an increase of $112 million in annual revenues for natural gas delivery service, effective November 28, 2023[358]. Expenses and Costs - Interest charges for Q3 2024 totaled $173 million, compared to $152 million in Q3 2023, reflecting an increase of 13.8%[229]. - Other operations and maintenance expenses for Q3 2024 totaled $229 million, an increase from $200 million in Q3 2023, representing a rise of 14.5%[233]. - Ameren's electric fuel and purchased power expenses increased by $69 million, or 16%, for Q3 2024, but decreased by $364 million, or 24%, for the nine months ended September 30, 2024[256]. - Depreciation and amortization expenses for the nine months ended September 30, 2024, were $1,125 million, compared to $1,024 million in the same period of 2023, an increase of 9.9%[231]. - Bad debt costs at Ameren Illinois Electric Distribution increased by $19 million and $35 million in the three and nine months ended September 30, 2024, respectively[272]. Financing and Liquidity - Cash provided by operating activities decreased by $85 million in the first nine months of 2024 compared to the same period in 2023, totaling $1.946 billion[310]. - Cash provided by financing activities increased by $557 million during the first nine months of 2024, totaling $1.6 billion from long-term debt issuance[320]. - Ameren plans to issue approximately $300 million of equity in 2024 and $600 million each year from 2025 to 2028[305]. - As of September 30, 2024, Ameren had approximately $615 million of common stock available for sale under the ATM program[305]. - Ameren has a credit facility providing $2.6 billion until maturity in December 2027, ensuring access to capital for operational needs[324]. Strategic Initiatives and Future Outlook - The company targets net-zero carbon emissions by 2045, with a 60% reduction by 2030 and an 85% reduction by 2040 based on 2005 levels[365]. - Ameren is evaluating strategies to enhance its results of operations, which may include acquisitions and cost reduction initiatives[382]. - The MISO awarded Ameren projects estimated to cost approximately $1.8 billion as part of a long-range transmission planning roadmap[372]. - The agreement with the U.S. Department of Justice includes funding for electric buses and charging stations estimated to cost approximately $64 million[362].

Core Viewpoint - Ameren Corporation reported third-quarter 2024 adjusted earnings of $1.87 per share, missing the Zacks Consensus Estimate of $1.91 by 2.1% and showing a decline from $1.87 per share in the same quarter of 2023 [1] Financial Performance - Total revenues for the quarter were $2.17 billion, reflecting a year-over-year increase of 5.5%, but fell short of the Zacks Consensus Estimate of $2.21 billion by 1.6% [2] - Total operating expenses rose to $1.59 billion, up 9.8% year over year [3] - Cash flow from operating activities was $1.95 billion, down from $2.03 billion a year ago [8] Segment Results - The Ameren Missouri segment reported adjusted earnings of $415 million, with GAAP earnings of $381 million [4] - The Ameren Illinois Electric Distribution segment's earnings decreased to $56 million from $66 million a year ago due to a lower allowed return on equity [4] - The Ameren Illinois Natural Gas segment reported a loss of $10 million, worsening from a loss of $5 million in the prior year [5] - The Ameren Transmission segment's adjusted earnings were $90 million, with GAAP earnings of $100 million, an increase from $86 million in the previous year [6] Financial Condition - As of September 30, 2024, cash and cash equivalents were $17 million, down from $25 million at the end of 2023 [7] - Long-term debt increased to $16.42 billion from $15.12 billion as of December 31, 2023 [7] Guidance - Ameren has lowered its 2024 GAAP earnings guidance to a range of $4.34-$4.48 per share, down from the previous range of $4.52-$4.72 [9] - The company expects adjusted earnings for 2024 to be in the range of $4.55-$4.69, with the Zacks Consensus Estimate at $4.61 per share [9] Zacks Rank - Ameren currently holds a Zacks Rank 2 (Buy) [10]