Ameren Announces Third Quarter 2025 Results

Core Insights - Ameren Corporation reported a significant increase in net income for the third quarter of 2025, reaching $640 million or $2.35 per diluted share, compared to $456 million or $1.70 per diluted share in the same quarter of 2024 [1][10] - The adjusted net income for the third quarter of 2025 was $592 million or $2.17 per diluted share, up from $500 million or $1.87 per diluted share in the third quarter of 2024 [1][10] - The company expects to raise its earnings guidance for 2025 and 2026, reflecting positive operational performance and infrastructure investments [6][10] Financial Performance - For the nine months ended September 30, 2025, Ameren's GAAP net income attributable to common shareholders was $1,204 million or $4.43 per diluted share, compared to $975 million or $3.65 per diluted share for the same period in 2024 [3][10] - Adjusted net income for the nine months ended September 30, 2025, was $1,156 million or $4.25 per diluted share, compared to $1,030 million or $3.86 per diluted share in 2024 [3][10] Revenue and Expenses - Total operating revenues for the third quarter of 2025 were $2,699 million, up from $2,173 million in the third quarter of 2024 [19] - Operating expenses increased to $1,874 million in the third quarter of 2025 from $1,587 million in the same quarter of 2024, driven by higher fuel and purchased power costs [19] Segment Performance - Ameren Missouri's third quarter 2025 earnings were $518 million, compared to $381 million in GAAP and $415 million in adjusted earnings for the same quarter in 2024 [8] - The Ameren Transmission segment reported GAAP earnings of $151 million and adjusted earnings of $103 million for the third quarter of 2025, compared to $90 million and $100 million, respectively, in the third quarter of 2024 [9] Guidance and Expectations - Ameren raised its 2025 GAAP EPS guidance range to $5.08 to $5.28 and adjusted EPS guidance to $4.90 to $5.10, reflecting an increase from the previous guidance [6][10] - The company also established a diluted EPS guidance range for 2026 at $5.25 to $5.45 [7][10]