Ameren(US:AEE)2023-11-09 17:01Financial Performance and Guidance - The company narrowed its 2023 diluted EPS guidance range to $4.30 to $4.45 [19], from a prior range of $4.25 to $4.45 [19] - The company expects a 6% to 8% EPS CAGR from 2023-2027 [17, 45, 70], using the original 2023 EPS guidance range midpoint of $4.35 as the base [17, 45, 70] - The company anticipates future dividend growth to align with long-term EPS growth expectations, with a payout ratio ranging between 55% and 70% of annual EPS [17, 45, 70] Strategic Investments and Growth - The company has a strong long-term infrastructure investment pipeline of over $48 billion from 2023-2032 [17, 45, 43, 70] - The company expects an 8.4% rate base CAGR from 2022-2027 [17, 45, 70] - The company invested $2.6 billion in capital projects YTD as of September 30, 2023 [25] Sustainability and Clean Energy Transition - The company targets carbon emission reductions from 2005 levels: 60% by 2030, 85% by 2040, and net-zero by 2045 [8, 30] - The company plans to add 2,800 MW of renewable resources by 2030 and a total of 4,700 MW by 2036 [8, 30, 101] - The company anticipates generating over $1 billion in tax credits for customers by 2030 due to PTCs and ITCs related to wind, solar, and battery storage [96] Regulatory and Legislative Outcomes - In July, new electric service rates became effective for Ameren Missouri [26, 48, 50] - The company expects to issue 3.2 million common shares by year-end 2023 upon settlement of forward sale agreements [50, 62]