ST. LOUIS, Oct. 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 third 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 Thursday, Nov. 7.The call will be broadcast live over the internet on AmerenInvestors.com. Supporting materials for the call will be posted in ...

ST. LOUIS, Sept. 30, 2024 /PRNewswire/ -- Union Electric Company, doing business as Ameren Missouri, a subsidiary of Ameren Corporation (NYSE: AEE), announced today the pricing of a public offering of $450 million aggregate principal amount of 5.125% first mortgage bonds due 2055 at 99.881% of their principal amount. The transaction is expected to close on Oct. 7, 2024, subject to the satisfaction of customary closing conditions.Ameren Missouri intends to use the net proceeds of the offering to refinance sh ...

Investors in Ameren Corporation (AEE) need to pay close attention to the stock based on moves in the options market lately. That is because the Oct 18, 2024 $95.00 Put had some of the highest implied volatility of all equity options today.What is Implied Volatility?Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also ...

Ameren Corporation (AEE) is a regulated utility company that generates and distributes electricity and natural gas services. Its systemic investments and steady shift to clean energy will further boost its performance. However, this Zacks Rank #3 (Hold) company faces risks related to the high expenditures to comply with air emission regulations.AEE’s TailwindsAmeren’s growth has been led by its systematic and consistent investments in projects and infrastructural upgrades in recent times. It expects to spen ...

Ameren earns a top score of 100 on the Disability Equality Index for its efforts to drive change in disability inclusion across business operations ST. LOUIS, Sept. 20, 2024 /PRNewswire/ -- Ameren Corporation (NYSE: AEE) has once again received recognition as a "Best Place to Work for Disability Inclusion," earning a top score of 100 from the Disability Equality Index. The index serves as the world's most comprehensive benchmarking tool for Fortune 1000 companies to measure disability inclusion inside their ...

Justin Paget/DigitalVision via Getty Images Ameren Corporation (NYSE:AEE) is a large electric and natural gas utility that operates in the U.S. states of Illinois and Missouri: Ameren Corporation As we can see from the map above, the company’s service territory includes the St. Louis, Missouri metropolitan area as well as most of the state of Illinois. However, Chicago, Illinois is notably excluded from this service territory and is not served by this company. This service area is a mixture of urban, ...

For those looking to find strong Utilities stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Ameren (AEE) been one of those stocks this year? By taking a look at the stock's year-to-date performance in comparison to its Utilities peers, we might be able to answer that question.Ameren is one of 105 individual stocks in the Utilities sector. Collectively, these companies sit at #7 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector gro ...

From a technical perspective, Ameren Corporation (AEE) is looking like an interesting pick, as it just reached a key level of support. AEE's 50-day simple moving average crossed above its 200-day simple moving average, which is known as a "golden cross" in the trading world.A golden cross is a technical chart pattern that can signify a potential bullish breakout. It's formed from a crossover involving a security's short-term moving average breaking above a longer-term moving average, with the most common mo ...

U.S. stock markets suffered a bloody blow in early August after a 19-month bull run. The Wall Street rout started primarily due to two factors. First, a few key economic data for July, especially labor market data, came in significantly lower than expected. This raised concerns about a near-term recession in the U.S. economy.The second reason was the unwinding of “Yen carry-trade” after the Bank of Japan unexpectedly hiked the benchmark interest rate last week. Large institutional investors, especially hedg ...

Financial Performance - Net income attributable to Ameren common shareholders for Q2 2024 was $258 million, or $0.97 per diluted share, up from $237 million, or $0.90 per diluted share in Q2 2023, reflecting a 8.8% increase [215]. - For the first half of 2024, net income attributable to Ameren common shareholders was $519 million, or $1.95 per diluted share, compared to $501 million, or $1.90 per diluted share in the same period of 2023, indicating a 3.6% increase [215]. - Net income attributable to Ameren common shareholders increased by $21 million, or $0.07 per diluted share, for the three months ended June 30, 2024, compared to the same period in 2023 [240]. - For the six months ended June 30, 2024, net income attributable to Ameren common shareholders rose by $18 million, or $0.05 per diluted share, compared to the prior year [243]. - Earnings per diluted share for the three months ended June 30, 2024, were $0.97, up from $0.90 in the same period last year [240]. - The company reported a total net income of $522 million for the first half of 2024, compared to $504 million in the first half of 2023, marking a growth of 3.6% [252]. Revenue and Sales - Electric revenues for Q2 2024 totaled $1,521 million, a decrease of 7.3% from $1,585 million in Q2 2023 [250]. - Natural gas revenues for Q2 2024 were $172 million, a slight decrease from $175 million in Q2 2023 [250]. - Electric revenues for the three months ended June 30, 2024, were $509 million, a decrease of 5.74% from $540 million in the same period last year [255]. - Natural gas revenues for the three months ended June 30, 2024, were $148 million, compared to $152 million in the same period last year, reflecting a decrease of 2.63% [255]. - For the six months ended June 30, 2024, electric revenues totaled $1,015 million, a decrease of 12.83% from $1,164 million in the same period last year [257]. - Natural gas revenues for the six months ended June 30, 2024, were $539 million, compared to $543 million in the same period last year, reflecting a decrease of 0.74% [257]. Operating Income and Expenses - Operating income for the first half of 2024 reached $732 million, compared to $680 million in the same period of 2023, reflecting a growth of 7.6% [252]. - Total operating expenses for Q2 2024 were $1,160 million, compared to $1,256 million in Q2 2023, indicating a reduction of 7.6% [250]. - Operating income for Ameren Missouri in Q2 2024 was $144 million, up from $132 million in Q2 2023, representing a 9.1% increase [250]. - The total depreciation and amortization expenses for the first half of 2024 were $737 million, compared to $655 million in the same period of 2023, reflecting an increase of 12.5% [252]. - Interest charges for the first half of 2024 amounted to $319 million, an increase from $261 million in the same period of 2023 [252]. Capital Investments and Projects - Ameren invested $1.9 billion in its rate-regulated businesses in the first half of 2024, focusing on energy infrastructure and regulatory enhancements [219]. - Ameren Missouri's Smart Energy Plan includes a five-year capital investment of approximately $12.4 billion from 2024 to 2028, aimed at upgrading electric infrastructure and accommodating renewable energy [223]. - Ameren's capital investments related to MISO long-range transmission projects are estimated at approximately $1.8 billion, with construction expected to begin in 2026 [233]. - Ameren plans to issue approximately $300 million of equity in 2024 and $600 million each year from 2025 to 2028 to support capital expenditures [332]. - The company expects to invest up to $22.8 billion in capital expenditures from 2024 through 2028, including $3.3 billion for renewable generation investments [401]. Regulatory and Rate Changes - In June 2024, Ameren Missouri requested a $446 million increase in annual revenues for electric service, based on a 10.25% return on common equity and a rate base of $14 billion [220]. - The ICC approved revenue requirements for Ameren Illinois' electric distribution services for 2024 to 2027, totaling $1,196 million, $1,282 million, $1,350 million, and $1,397 million respectively [228]. - The ICC's November 2023 order increased Ameren Illinois' annual revenues for natural gas delivery service by $112 million, based on a 9.44% allowed ROE and a rate base of approximately $2.85 billion [229]. - Ameren Illinois filed for a reconciliation adjustment requesting recovery of $158 million related to its 2023 electric distribution service revenue requirement [227]. - A proposed customer energy-efficiency plan by Ameren Missouri includes an investment of $123 million annually from 2025 to 2027, with potential performance incentives totaling $56 million if goals are met [224]. Challenges and Economic Factors - The company is experiencing elevated inflation levels affecting labor, services, materials, and supplies, alongside high interest rates [236]. - Elevated inflation levels and high interest rates are impacting cost control and investment capabilities, potentially affecting customer rates and service affordability [392]. - Increased financing costs at Ameren Missouri and Ameren (parent) negatively impacted earnings by $0.04 and $0.07 per share for the three and six months ended June 30, 2024, respectively [244]. Environmental and Sustainability Goals - The company is targeting net-zero carbon emissions by 2045, with interim goals of a 60% reduction by 2030 and an 85% reduction by 2040 based on 2005 levels [395]. - Ameren Missouri's preferred plan includes adding 800 MW of natural gas-fired generation by 2027 and 2,800 MW of renewable generation by 2030 [395]. - Ameren Missouri recorded a $20 million liability related to potential additional mitigation costs as part of ongoing environmental compliance efforts [391].