Ameren Announces First Quarter 2025 Results

Core Points - Ameren Corporation reported a first quarter 2025 net income of $289 million, or $1.07 per diluted share, an increase from $261 million, or $0.98 per diluted share in the same period of 2024 [1][2][19] - The increase in earnings was attributed to higher infrastructure investments and increased retail sales in Ameren Missouri due to colder winter temperatures, although this was partially offset by higher interest and storm-related expenses [2][7] - The company reaffirmed its 2025 earnings guidance range of $4.85 to $5.05 per share, assuming normal temperatures for the remainder of the year [3][6] Financial Performance - First quarter 2025 adjusted net income was $289 million, compared to $272 million in the first quarter of 2024, which had adjusted earnings of $1.02 per diluted share [1][4] - Ameren Missouri's earnings for the first quarter 2025 were $42 million, up from $25 million in 2024, reflecting increased infrastructure investments and retail sales [7] - The Ameren Transmission segment reported earnings of $89 million for the first quarter 2025, compared to $72 million in the previous year, driven by infrastructure investments [9] Revenue and Expenses - Total operating revenues for the first quarter 2025 were $2.097 billion, an increase from $1.816 billion in the same period of 2024 [19] - Operating expenses rose to $1.667 billion in the first quarter 2025 from $1.445 billion in 2024, with significant increases in fuel and purchased power costs [21] - The company reported a total operating income of $430 million for the first quarter 2025, compared to $371 million in the prior year [21] Cash Flow and Investments - Net cash provided by operating activities was $431 million in the first quarter 2025, down from $492 million in the same period of 2024 [22] - Capital expenditures increased to $1.064 billion in the first quarter 2025, compared to $890 million in 2024, reflecting ongoing investments in infrastructure [22] - The company reported a net cash used in investing activities of $1.087 billion for the first quarter 2025, compared to $906 million in the previous year [22] Shareholder Information - The weighted-average common shares outstanding increased to 271.4 million in the first quarter 2025 from 266.8 million in 2024 [19][21] - Dividends on common stock paid in the first quarter 2025 were $191 million, compared to $178 million in the same period of 2024 [22]