Ameren(AEE)2025-05-01 20:38Financial Performance - First quarter 2025 net income attributable to common shareholders was 1.07 per diluted share, compared to 0.98 per diluted share in Q1 2024, reflecting a year-over-year increase of 10.7% in net income and 9.2% in diluted EPS [2][5]. - Adjusted net income for Q1 2024 was 1.02 per diluted share, indicating a 6.3% increase in adjusted EPS from Q1 2024 to Q1 2025 [2][5]. - Total operating revenues for Q1 2025 increased to 1,816 million in Q1 2024 [21]. - Operating income for Q1 2025 was 371 million in Q1 2024 [21]. - Cash flows from operating activities totaled 492 million in Q1 2024 [25]. - Dividends on common stock increased to 178 million in Q1 2024 [25]. Segment Performance - Ameren Missouri's first quarter 2025 earnings were 25 million in Q1 2024, driven by increased infrastructure investments and higher retail sales due to colder winter temperatures [9]. - Ameren Transmission segment earnings increased to 72 million in Q1 2024, reflecting growth from infrastructure investments [10]. - Ameren Illinois Electric Distribution segment earnings rose to 56 million in Q1 2024, attributed to increased infrastructure investments under the multi-year rate plan [11]. - Ameren Illinois Natural Gas segment earnings were 106 million in Q1 2024, due to lower operations and maintenance expenses [12]. - Ameren Total gas sales increased to 74 million dekatherms in Q1 2025, up from 68 million dekatherms in Q1 2024, representing an 8.82% increase [30]. - Ameren Total gas revenues reached 452 million in Q1 2024, reflecting a growth of 5.1% [30]. - Ameren Missouri gas revenues increased to 61 million in Q1 2024, marking a 4.92% rise [30]. - Ameren Illinois Natural Gas revenues grew to 391 million in Q1 2024, indicating a 5.12% increase [30]. Guidance and Outlook - Ameren reaffirmed its 2025 diluted EPS guidance range of 5.05 per share, assuming normal temperatures for the remaining nine months of the year [4][8]. - The earnings guidance is subject to various risks, including regulatory actions, energy market conditions, and customer usage patterns [8][17]. Capital and Assets - Capital expenditures for Q1 2025 were 890 million in Q1 2024, indicating a 19.5% increase [25]. - Total assets as of March 31, 2025, were 44,598 million at the end of 2024 [23]. - The total current liabilities decreased to 3,413 million at the end of 2024 [23]. Shareholder Information - The number of shares outstanding increased slightly to 270.3 million as of March 31, 2025, from 269.9 million as of December 31, 2024 [30]. - The book value per share rose to 44.88 as of December 31, 2024, showing an increase of 0.73% [30]. Other Financial Metrics - The company reported a decrease in unbilled revenue to 346 million in the previous quarter [23]. - Ameren Parent reported a loss of 2 million in Q1 2024, primarily due to higher interest expenses [13]. - Electric sales in Ameren Missouri reached 9,421 million kilowatt-hours, a 6.4% increase compared to 8,857 million kilowatt-hours in Q1 2024 [28].