Ameren Q3 Earnings Higher Than Expected, Revenues Increase Y/Y

Core Insights - Ameren Corporation (AEE) reported third-quarter 2025 earnings of $2.17 per share, exceeding the Zacks Consensus Estimate of $2.10 by 3.3% and showing a 16% increase from $1.87 per share in the same quarter last year [1][7] - Total revenues for the quarter reached $2.70 billion, marking a 24.2% year-over-year increase and surpassing the Zacks Consensus Estimate of $2.41 billion by 12% [2][7] Revenue and Sales Performance - Total electricity sales volumes increased by 2.4% to 19,009 million kilowatt-hours (kWh) compared to 18,565 million kWh in the prior year [3] - Gas volumes decreased by 3.4% to 28 million dekatherms from the previous year's level [3] Operating Expenses and Financials - Total operating expenses rose to $1.87 billion, an 18.1% increase year over year [3] - Interest expenses for the third quarter totaled $208 million, up from $173 million in the same quarter last year [3] - Cash flow from operating activities amounted to $2.40 billion, compared to $1.95 billion a year ago [6] Segment Performance - The Ameren Missouri segment reported earnings of $518 million, up from $415 million a year ago, driven by new electric service rates and increased infrastructure investments [4] - The Ameren Illinois Electric Distribution segment reported earnings of $57 million, slightly up from $56 million in the previous year [4] - The Ameren Illinois Natural Gas segment posted a loss of $13 million, compared to a loss of $10 million in the prior year [5] - The Ameren Transmission segment reported earnings of $103 million, up from $100 million a year ago [5] Guidance and Outlook - Ameren raised its 2025 EPS outlook to a range of $4.90-$5.10, higher than the previous guidance of $4.85-$5.05 [7][8] - The Zacks Consensus Estimate for 2025 earnings is pegged at $4.98 per share, which is below the midpoint of the company's guided range [8] Zacks Rank - Ameren currently holds a Zacks Rank 2 (Buy) [9]