Ameren Corp

Ameren Corporation kicked off 2025 with a stronger-than-expected first quarter, posting adjusted diluted EPS of $1.07 against a consensus estimate of $1.04, a 2.75% beat, while total revenues of $2.10 billion cleared expectations by 9.88% and rose 15.5% year over year from $1.82 billion. The standout driver was a sharp surge in electric revenues, which climbed 19% to $1.62 billion, fueled by colder winter weather that lifted Ameren Missouri residential electric volumes and, notably, a jump in off-system electric sales and capacity revenue to $180.00 million from just $29.00 million a year earlier. Broad-based segment gains, led by Ameren Transmission's earnings rising to $89.00 million from $72.00 million, further reinforced the result. Capital expenditures of $1.06 billion in the quarter underscored the company's aggressive infrastructure buildout, a strategy that is also drawing attention as Ameren Missouri pursues a 2-gigawatt energy expansion plan to serve large manufacturing and data center customers. Management reaffirmed full-year 2025 EPS guidance of $4.85 to $5.05, assuming normal temperatures for the remainder of the year.