Financial Data and Key Metrics Changes - Ameren Corporation reported second quarter 2024 earnings of $0.97 per share, an increase from $0.90 per share in the same quarter of 2023, driven by infrastructure investments and disciplined cost control [8][24] - Year-to-date 2024, the company experienced strong weather-normalized industrial sales growth of 3% compared to the prior year period, primarily from large primary service customers in the digital and data analytics industry [25] Business Line Data and Key Metrics Changes - The strategic infrastructure investments made in the first half of 2024 aimed to enhance the safety and reliability of the energy grid, with over 22,000 customer outages prevented in Missouri and 11,000 in Illinois due to modernization efforts [10][11] - Ameren Missouri's regulatory progress includes the approval of new solar and natural gas generation projects, with a total investment of approximately $1 billion across three solar projects [11][12] Market Data and Key Metrics Changes - The company noted a significant increase in data center inquiries and formal engineering reviews, representing thousands of megawatts of additional demand across Ameren Missouri and Illinois [14][15] - The economic development pipeline includes a construction agreement for a 250 megawatt data center, expected to increase Ameren Missouri's industrial megawatt hour sales by approximately 40% upon completion [16] Company Strategy and Development Direction - Ameren's strategic plan focuses on providing safe and reliable energy through investments in rate-regulated infrastructure, enhancing regulatory frameworks, and advocating for responsible energy policies [9] - The company anticipates a robust pipeline of investment opportunities exceeding $55 billion over the next decade, aimed at delivering significant value to stakeholders and creating jobs [22] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the investment opportunities in the utility industry, highlighting a strong economic development and sales growth pipeline [7] - The company expects to update its Integrated Resource Plan (IRP) by February 2025, considering potential load growth and planned generation portfolio adjustments [17][46] Other Important Information - Ameren Missouri filed for a $446 million electric revenue increase, primarily driven by capital investments under the Smart Energy Plan [27] - The Illinois Commerce Commission approved a $285 million cumulative revenue increase, representing approximately 94% of the rehearing request [29] Q&A Session All Questions and Answers Question: Update on Rush Island and mediation process - Management indicated that mediation is expected to take place this summer, with a resolution anticipated by the end of the year [37] Question: Insights on transmission projects and competitive allocation - Management discussed the competitive allocation process for Tranche 2.1 projects and expressed confidence in their ability to deliver these projects effectively [39][40] Question: Data center construction and future procurement acceleration - Management highlighted the importance of construction agreements for data centers and indicated that further clarity on megawatt capacity is expected by the next IRP update [44][46] Question: Impact of recent regulatory changes on operations - Management noted that recent regulatory developments in Missouri have been constructive, supporting the need for more dispatchable resources [58][59] Question: Expectations around resource mix in the upcoming IRP - Management acknowledged the need to assess load growth and resource mix, including potential acceleration of renewables and natural gas resources [61][63]

Ameren Corporation (AEE) reported second-quarter 2024 earnings of 97 cents per share, which beat the Zacks Consensus Estimate of 93 cents by 4.3%. The reported figure also improved 7.8% year over year. The year-over-year improvement in the bottom line was driven by earnings generated from increased infrastructure investments, higher Ameren Missouri electric retail sales as well as new Ameren Missouri electric service rates. Revenues Total revenues came in at $1.69 billion in the reported quarter, down 3.8% ...

Ameren (AEE) came out with quarterly earnings of $0.97 per share, beating the Zacks Consensus Estimate of $0.93 per share. This compares to earnings of $0.90 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 4.30%. A quarter ago, it was expected that this utility would post earnings of $1.09 per share when it actually produced earnings of $0.98, delivering a surprise of -10.09%.Over the last four quarters, the company has surpas ...

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 Second Quarter 2024 Results • Second quarter Diluted Earnings Per Share were $0.97 in 2024 vs. $0.90 in 2023 • Guidance Range for 2024 Reaffirmed at $4.52 to $4.72 per Diluted Share ST. LOUIS (Aug ...

Core Points - Ameren Corporation reported a second quarter 2024 net income of $258 million, or $0.97 per diluted share, an increase from $237 million, or $0.90 per diluted share in the same period of 2023 [1][3] - The company reaffirmed its 2024 earnings guidance range of $4.52 to $4.72 per diluted share [5] Financial Performance - The second quarter 2024 results were driven by increased infrastructure investments and higher electric retail sales due to warmer weather compared to the previous year [2][4] - For the six months ended June 30, 2024, net income attributable to common shareholders was $519 million, or $1.95 per diluted share, compared to $501 million, or $1.90 per diluted share for the same period in 2023 [3][4] Segment Results - Ameren Missouri's second quarter 2024 earnings were $128 million, up from $102 million in the second quarter of 2023, attributed to higher electric retail sales and new service rates [6] - Ameren Transmission reported earnings of $79 million for the second quarter 2024, an increase from $72 million in the same quarter of 2023 [6] - Ameren Illinois Electric Distribution earnings decreased to $61 million in the second quarter 2024 from $66 million in the same period of 2023, primarily due to a lower allowed return on equity [7] - Ameren Illinois Natural Gas segment earnings fell to $6 million in the second quarter 2024 from $11 million in the same quarter of 2023, impacted by new delivery service rates [8] Revenue and Expenses - Total operating revenues for the second quarter 2024 were $1.693 billion, compared to $1.760 billion in the second quarter of 2023 [15] - Operating expenses for the second quarter 2024 were $1.332 billion, down from $1.431 billion in the same period of 2023 [15] - The company experienced higher interest expenses and operations and maintenance costs, which partially offset the positive impacts on earnings [2][4] Cash Flow and Investments - Net cash provided by operating activities for the first half of 2024 was $1.049 billion, compared to $1.111 billion in the same period of 2023 [18] - Capital expenditures for the second quarter 2024 were $1.892 billion, slightly higher than $1.822 billion in the same quarter of 2023 [18] Customer Statistics - Ameren's total electric sales for the second quarter 2024 were 17,110 million kilowatt-hours, an increase from 16,246 million kilowatt-hours in the same quarter of 2023 [20] - The company served 2.4 million electric customers and over 900,000 natural gas customers across its service areas [9]

Wall Street analysts forecast that Ameren (AEE) will report quarterly earnings of $0.93 per share in its upcoming release, pointing to a year-over-year increase of 3.3%. It is anticipated that revenues will amount to $1.87 billion, exhibiting an increase of 6.4% compared to the year-ago quarter.The current level reflects an upward revision of 10.6% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their in ...

The market expects Ameren (AEE) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on Augu ...

Investors interested in Utilities stocks should always be looking to find the best-performing companies in the group. Has Ameren (AEE) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Utilities sector should help us answer this question.Ameren is one of 105 individual stocks in the Utilities sector. Collectively, these companies sit at #1 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the a ...

ST. LOUIS, July 10, 2024 /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 second 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, Aug. 2.The call will be broadcast live over the internet on AmerenInvestors.com. Supporting materials for the call will be posted in ...

Ameren Missouri files request with state regulators to adjust rates next summerST. LOUIS, July 1, 2024 /PRNewswire/ -- On June 28, Ameren Missouri filed with the Missouri Public Service Commission (PSC) a request to adjust its electric base rates next summer. The new rates would take effect in mid-2025 to recover the costs of major electric system upgrades as well as cleaner electricity generation investments to ensure the system remains reliable and resilient for customers. "The grid and generation upgrade ...