Ameren Announces Second Quarter 2025 Results

Core Points - Ameren Corporation reported a second quarter 2025 net income of $275 million, or $1.01 per diluted share, an increase from $258 million, or $0.97 per diluted share in the same quarter of 2024 [1][2][11] - The earnings growth was driven by increased infrastructure investments, new electric service rates in Ameren Missouri, and disciplined cost management, although it faced challenges from higher interest expenses and lower retail sales due to near-normal temperatures [2][3][7] Financial Performance - For the six months ended June 30, 2025, Ameren's net income attributable to common shareholders was $564 million, or $2.08 per diluted share, compared to $519 million, or $1.95 per diluted share for the same period in 2024 [3][18] - The adjusted net income for the first half of 2024 was $530 million, or $1.99 per diluted share, indicating a year-over-year increase in earnings [3][4] Segment Results - Ameren Missouri's second quarter 2025 earnings were $150 million, up from $128 million in the second quarter of 2024, attributed to new electric service rates and increased infrastructure investments [7] - Ameren Transmission segment earnings rose to $86 million in Q2 2025 from $79 million in Q2 2024, while Ameren Illinois Electric Distribution segment earnings increased to $64 million from $61 million [8] - The Ameren Parent segment reported a loss of $35 million in Q2 2025, compared to a loss of $16 million in Q2 2024, primarily due to higher interest expenses [9] Earnings Guidance - The company reaffirmed its 2025 earnings per share guidance range of $4.85 to $5.05, indicating strong year-to-date performance and positioning to deliver earnings in the top half of this range [6][11] Operating Statistics - Total operating revenues for the second quarter of 2025 were $2.221 billion, compared to $1.693 billion in Q2 2024, reflecting a significant increase [18] - Electric sales in Ameren Missouri decreased to 7,873 million kilowatt-hours in Q2 2025 from 8,925 million kilowatt-hours in Q2 2024, while Ameren Illinois Electric Distribution sales also saw a decline [22]