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]

For the quarter ended September 2024, Ameren (AEE) reported revenue of $2.17 billion, up 5.5% over the same period last year. EPS came in at $1.87, compared to $1.87 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $2.21 billion, representing a surprise of -1.57%. The company delivered an EPS surprise of -2.09%, with the consensus EPS estimate being $1.91.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they c ...

Ameren (AEE) came out with quarterly earnings of $1.87 per share, missing the Zacks Consensus Estimate of $1.91 per share. This compares to earnings of $1.87 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -2.09%. A quarter ago, it was expected that this utility would post earnings of $0.93 per share when it actually produced earnings of $0.97, delivering a surprise of 4.30%.Over the last four quarters, the company has surpass ...

Earnings Performance - Third Quarter GAAP Diluted Earnings Per Share (EPS) were $1.70 in 2024, down from $1.87 in 2023, while Adjusted (Non-GAAP) EPS remained unchanged at $1.87[2] - Third Quarter 2024 net income attributable to common shareholders was $456 million, compared to $493 million in the same period of 2023[2] - Net income attributable to Ameren common shareholders for the three months ended September 30, 2024, was $456 million, a decrease of 7.5% from $493 million in the same period of 2023[23] - Earnings per common share (basic) for the three months ended September 30, 2024, were $1.71, down from $1.88 in the same period last year, representing a decline of 9.1%[23] - Ameren Parent reported a loss of $61 million in the third quarter of 2024, an improvement from a loss of $65 million in 2023, primarily due to lower tax expenses[16] Revenue and Income - Total operating revenues for the three months ended September 30, 2024, were $2,173 million, an increase of 5.5% compared to $2,060 million for the same period in 2023[23] - Electric revenue for the three months ended September 30, 2024, was $2,035 million, up 5.9% from $1,921 million in the same period last year[23] - Total electric revenues increased to $2.035 billion from $1.921 billion, marking an increase of 5.9% year-over-year[28] - Gas revenues for Ameren Total were $138 million, slightly down from $139 million, indicating a decrease of 0.7%[29] Guidance and Projections - 2024 GAAP Diluted EPS Guidance Range is now $4.34 to $4.48, and Adjusted EPS Guidance Range is established at $4.55 to $4.69[10] - For 2025, Diluted EPS Guidance Range is established at $4.85 to $5.05, representing a 7.1% increase over the midpoint of the 2024 adjusted guidance range[4] Operating Expenses and Costs - Total operating expenses for the three months ended September 30, 2024, increased to $1,587 million, up 9.7% from $1,446 million in the same period last year[23] - Fuel and purchased power expenses for the three months ended September 30, 2024, were $499 million, an increase of 15.9% compared to $430 million in the same period of 2023[23] - Interest charges for the three months ended September 30, 2024, rose to $173 million, up 13.8% from $152 million in the same period last year[23] Segment Performance - Ameren Missouri's third quarter 2024 adjusted earnings were $415 million, reflecting an increase from $411 million in 2023, driven by infrastructure investments[12] - Ameren Transmission's third quarter 2024 adjusted earnings were $100 million, up from $86 million in 2023, also attributed to increased infrastructure investments[13] - Ameren Illinois Electric Distribution reported third quarter 2024 earnings of $56 million, down from $66 million in 2023, due to a lower allowed return on equity[14] - Ameren Illinois Natural Gas segment reported a loss of $10 million in the third quarter of 2024, compared to a loss of $5 million in 2023, impacted by new delivery service rates[15] Cash Flow and Capital Expenditures - Net cash provided by operating activities was $1.946 billion, down from $2.031 billion, reflecting a decrease of 4.2%[25] - Capital expenditures for the period were $3.029 billion, an increase of 17.8% compared to $2.571 billion in the prior year[25] Assets and Liabilities - Total assets increased to $43.298 billion from $40.830 billion, representing a growth of 3.4% year-over-year[24] - Long-term debt increased to $16.422 billion from $15.121 billion, representing an increase of 8.6%[24] - Total current liabilities rose to $3.567 billion, up from $3.345 billion, indicating an increase of 6.6% year-over-year[24] Other Financial Information - The company reported other income of $101 million for the three months ended September 30, 2024, unchanged from the same period in 2023[23] - The increase in nine-month adjusted earnings for 2024 was attributed to infrastructure investments and disciplined cost control, despite higher interest expenses[6] - The company anticipates regulatory reviews and potential changes in recovery mechanisms that could impact future financial performance[20]

Third Quarter GAAP Diluted Earnings Per Share (EPS) were $1.70 in 2024 vs. $1.87 in 2023 Third Quarter Adjusted (Non-GAAP) Diluted Earnings Per Share were $1.87 in 2024 vs. $1.87 in 2023 2024 GAAP Diluted EPS Guidance Range is now $4.34 to $4.48 per Diluted Share 2024 Adjusted (Non-GAAP) Diluted EPS Guidance Range Established at $4.55 to $4.69 2025 Diluted EPS Guidance Range Established at $4.85 to $5.05ST. LOUIS, Nov. 6, 2024 /PRNewswire/ -- Ameren Corporation (NYSE: AEE) today announced third quarter 2 ...