Financial Performance - Second quarter 2024 diluted earnings per share were $0.97, an increase of 7.8% from $0.90 in the same period of 2023[1]. - Net income attributable to common shareholders for Q2 2024 was $258 million, compared to $237 million in Q2 2023, reflecting a year-over-year increase of 8.8%[1][2]. - The year-to-date net income for the first half of 2024 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[3][4]. - Net income for the six months ended June 2024 increased to $522 million from $504 million in the same period of 2023, representing a growth of 3.6%[22]. - Operating income for Q2 2024 was $361 million, an increase of 9.7% from $329 million in Q2 2023[19]. Revenue and Sales - Total operating revenues for Q2 2024 were $1,693 million, a decrease of 3.8% from $1,760 million in Q2 2023[19]. - Ameren's total electric revenues for the six months ended June 2024 were $2,885 million, a decrease from $3,175 million in the same period of 2023, reflecting a decline of 9.1%[23]. - Total electric sales for Ameren Missouri in the six months ended June 2024 reached 17,782 million kilowatt-hours, up from 17,000 million kilowatt-hours in 2023, an increase of 4.6%[23]. - Gas revenues for Ameren Total in the six months ended June 2024 were $624 million, down from $647 million in 2023, a decrease of 3.6%[25]. Segment Performance - Ameren Missouri's Q2 2024 earnings were $128 million, up from $102 million in Q2 2023, driven by increased infrastructure investments and higher electric retail sales[7]. - Ameren Transmission segment earnings for Q2 2024 were $79 million, compared to $72 million in Q2 2023, reflecting growth from infrastructure investments[8]. - Ameren Illinois Electric Distribution segment earnings decreased to $61 million in Q2 2024 from $66 million in Q2 2023, attributed to a lower allowed return on equity[9]. - Ameren Illinois Natural Gas segment earnings fell to $6 million in Q2 2024 from $11 million in Q2 2023, impacted by new delivery service rates[10]. - Ameren Parent reported a loss of $16 million in Q2 2024, compared to a loss of $14 million in Q2 2023, primarily due to higher interest expenses[11]. Expenses and Costs - Total operating expenses decreased to $1,332 million in Q2 2024, down from $1,431 million in Q2 2023, a reduction of 6.9%[19]. - The company reported a decrease in fuel and purchased power expenses to $327 million in Q2 2024, down from $480 million in Q2 2023, a decline of 31.9%[19]. - Other income, net, increased to $103 million in Q2 2024, compared to $82 million in Q2 2023, marking a growth of 25.6%[19]. Guidance and Strategic Focus - Ameren reaffirmed its 2024 earnings guidance range of $4.52 to $4.72 per diluted share, assuming normal temperatures for the last six months of the year[6]. - The company continues to focus on strategic infrastructure investments and disciplined cost control to drive sustainable earnings growth[3]. Balance Sheet and Capital - Total assets increased to $42,334 million in 2024, up from $40,830 million in 2023, representing a growth of 3.7%[20]. - Long-term debt, net, rose to $16,280 million in 2024, compared to $15,121 million in 2023, indicating an increase of 7.7%[20]. - Capital expenditures for the six months ended June 2024 totaled $1,892 million, compared to $1,822 million in 2023, an increase of 3.8%[22]. - Net cash used in investing activities for the six months ended June 2024 was $1,932 million, compared to $1,889 million in 2023, an increase of 2.3%[22]. Shareholder Information - Dividends on common stock increased to $356 million for the three months ended June 2024, up from $330 million in the same period of 2023, a rise of 7.9%[22]. - The number of shares outstanding as of June 30, 2024, was 266.8 million, slightly up from 266.3 million in 2023[24]. - The book value per share increased to $43.25 as of June 30, 2024, compared to $42.62 in 2023, reflecting a growth of 1.5%[24]. Regulatory and Environmental Considerations - The impact of current environmental laws and changing requirements may affect operational costs and investment needs, potentially leading to financial implications[16].

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 ...

Fair360 Honors Ameren, a member of its Hall of Fame  ST. LOUIS, June 18, 2024 /PRNewswire/ -- Ameren Corporation (NYSE: AEE) has been named as a top company for its diversity, equity and inclusion (DEI) efforts in three lists from Fair360 (formerly DiversityInc). In addition to being a Fair360 Hall of Fame member, Ameren has again ranked among the leaders for Employee Resource Groups, Philanthropy and Black Executives.Through its mission to develop fair and inclusive workplaces, Fair360 evaluates companies ...

ST. LOUIS, June 17, 2024 /PRNewswire/ -- Ameren Illinois Company, a subsidiary of Ameren Corporation (NYSE: AEE), announced today the pricing of a public offering of $625 million aggregate principal amount of 5.55% first mortgage bonds due 2054 at 99.810% of their principal amount.  The transaction is expected to close on June 27, 2024, subject to the satisfaction of customary closing conditions.Ameren Illinois intends to use the net proceeds of the offering to repay a portion of its short-term debt. Barcla ...

Organizations across Missouri partner with the company to support development in our region  ST. LOUIS, June 12, 2024 /PRNewswire/ -- Ameren Missouri, a subsidiary of Ameren Corporation (NYSE: AEE), received approval today from the Missouri Public Service Commission to acquire a 150-megawatt (MW) solar facility that is currently under construction in Cass County, Illinois. The Cass County Renewable Energy Center will be used to double the size of the Renewable Solutions program."Demand remains very strong f ...