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Ameren

Ameren (AEE) Q2 2025 Earnings

Reported Jul 31, 2025 at 4:33 PM ET · SEC Source

Q2 25 EPS

$1.01

BEAT +1.43%

Est. $1.00

Q2 25 Revenue

$2.22B

BEAT +24.92%

Est. $1.78B

vs S&P Since Q2 25

-5.8%

TRAILING MARKET

AEE +15.6% vs S&P +21.4%

Market Reaction

Did AEE Beat Earnings? Q2 2025 Results

Ameren delivered a strong second quarter, posting diluted EPS of $1.01 against a consensus estimate of $1.00, a beat of 1.43%, while revenue surged 31.2% year over year to $2.22 billion, clearing the $1.78 billion analyst estimate by nearly 25%. The … Read more Ameren delivered a strong second quarter, posting diluted EPS of $1.01 against a consensus estimate of $1.00, a beat of 1.43%, while revenue surged 31.2% year over year to $2.22 billion, clearing the $1.78 billion analyst estimate by nearly 25%. The headline driver behind that dramatic revenue jump was a near-tenfold increase in off-system sales and capacity revenue at Ameren Missouri, which climbed to $471.00 million from just $47.00 million a year ago, combined with new electric service rates that took effect June 1, 2025. Net income attributable to common shareholders rose to $275.00 million from $258.00 million in Q2 2024, with gains across every operating segment, though higher interest expense at Ameren Parent widened that unit's loss to $35.00 million. The results come as broader electricity demand trends, including growth tied to data centers and AI infrastructure, continue to support favorable load outlooks across the sector. With momentum building, Ameren reaffirmed its full-year 2025 EPS guidance of $4.85 to $5.05 per diluted share and said year-to-date performance positions it to finish in the top half of that range.

Key Takeaways

  • • Increased infrastructure investments
  • • New Ameren Missouri electric service rates effective June 1, 2025
  • • Disciplined cost management
  • • Significant increase in off-system sales and capacity revenue at Ameren Missouri
  • • Lower Ameren Missouri retail sales due to near-normal temperatures versus warmer-than-normal prior year
  • • Higher interest expense at Ameren Parent and Ameren Missouri
  • • Higher weighted-average basic common shares outstanding
24/7 Wall St

AEE YoY Financials

Q2 2025 vs Q2 2024, source: SEC Filings

24/7 Wall St

AEE Revenue by Segment

With YoY comparisons, source: SEC Filings

Q1 25 Q1 26

“We are executing across all elements of our strategy, including by hardening the grid, expanding our balanced generation portfolio, and supporting economic development. These efforts reinforce our commitment to investing in a reliable and resilient energy future that provides value for our customers and communities. We remain on track to deliver earnings within our 2025 earnings guidance range of $4.85 to $5.05 per share.”

— Martin J. Lyons, Jr., Q2 2025 Earnings Press Release

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