Companies /Utilities

Ameren Corp

NYSE: AEE Utilities - Regulated Electric
$103.04
▲ $0.02 (+0.02%) today
Markets closed · 11:50pm ET

Q2 2025 Earnings

Reported Jul 31, 2025, 4:33pm ET · SEC source
$1.01
Beat +1.43%
EPS · est. $1.00
$2.2B
Beat +24.92%
Revenue · est. $1.8B
−5.7%
Trailing market
AEE vs S&P since report
6 quarters
Consecutive EPS beats

Market Reaction

% change · around the report
−2%0+2%+4%Jul 31Aug 1report 4:33pm ETearnings−1.5%+3.0%
−2%0+2%+4%Jul 31Aug 1earnings−1.5%+3.0%
AEE +3.0%S&P 500 −1.5%
−2%0+2%+4%Jul 31Aug 1report 4:33pm ETearnings−1.8%+3.0%
−2%0+2%+4%Jul 31Aug 1earnings−1.8%+3.0%
AEE +3.0%NASDAQ −1.8%
−2%0+2%+4%Jul 30Aug 8report 4:33pm ETearnings+1.0%+2.3%
−2%0+2%+4%Jul 30Aug 8earnings+1.0%+2.3%
AEE +2.3%S&P 500 +1.0%
−2%0+2%+4%Jul 30Aug 8report 4:33pm ETearnings+2.0%+2.3%
−2%0+2%+4%Jul 30Aug 8earnings+2.0%+2.3%
AEE +2.3%NASDAQ +2.0%
+0.97%
Day of report
+1.13%
Next session
−0.71%
One week
−2.14%
30 days

S&P 500 over the same 30 days: +3.54%.

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 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

“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.”

Ameren CEO, on the earnings call

Forward Guidance & Outlook

Ameren reaffirmed its 2025 diluted EPS guidance range of $4.85 to $5.05 per share. Due to strong year-to-date performance, the company is well positioned to deliver 2025 earnings in the top half of its guidance range. Guidance assumes normal temperatures for the last six months of 2025 and is subject to regulatory, judicial, legislative actions, energy center operations, market conditions, customer usage, severe storms, and other risks.

AEE YoY Financials

Q2 2025 vs Q2 2024 · SEC filings Q2 2024 Q2 2025
$0$700.0M$1.4B$2.1B$1.7B$2.2BRevenue$361.0M$411.0MOperating Income$258.0M$275.0MNet Income
$0$700.0M$1.4B$2.1BRevenueOperating IncomeNet Income

AEE Revenue by Segment

Ameren Missouri Electric$1.3B
Ameren Illinois Electric Distribution$573.0M
Ameren Illinois Natural Gas$158.0M
Ameren Transmission$208.0M
Ameren Missouri Natural Gas$25.0M

Figures from SEC filings and company reports. Not investment advice.