Companies /Utilities

Ameren Corp

NYSE: AEE Utilities - Regulated Electric
$103.04
▲ $0.02 (+0.02%) today
Markets closed · 10:52pm ET

Q4 2025 Earnings

Reported Feb 11, 2026, 4:32pm ET · SEC source
$0.78
Beat +12.46%
EPS · est. $0.69
$1.8B
Beat +4.03%
Revenue · est. $1.7B
+4.2%
Beating market
AEE vs S&P since report
6 quarters
Consecutive EPS beats

Market Reaction

% change · around the report
−2%0+2%Feb 11Feb 12report 4:32pm ETearnings−1.6%+1.2%
−2%0+2%Feb 11Feb 12earnings−1.6%+1.2%
AEE +1.2%S&P 500 −1.6%
−2%0+2%Feb 11Feb 12report 4:32pm ETearnings−1.9%+1.2%
−2%0+2%Feb 11Feb 12earnings−1.9%+1.2%
AEE +1.2%NASDAQ −1.9%
−2%0+2%Feb 10Feb 19report 4:32pm ETearnings−1.2%+1.7%
−2%0+2%Feb 10Feb 19earnings−1.2%+1.7%
AEE +1.7%S&P 500 −1.2%
−2%0+2%Feb 10Feb 19report 4:32pm ETearnings−1.7%+1.7%
−2%0+2%Feb 10Feb 19earnings−1.7%+1.7%
AEE +1.7%NASDAQ −1.7%
+3.13%
Day of report
+1.49%
Next session
+0.65%
One week
+2.64%
30 days

S&P 500 over the same 30 days: −1.54%.

Did AEE Beat Earnings? Q4 2025 Results

Ameren delivered a mixed fourth quarter for fiscal 2025, posting adjusted EPS of $0.78 against a consensus estimate of $0.80, a miss of 2.30%, even as revenue of $1.78 billion cleared expectations by 14.03%, though that top line still fell 8.2% from the year-ago period. The earnings shortfall reflected headwinds that proved difficult to fully offset, including higher interest expense at Ameren Missouri and Ameren Parent, elevated operations and maintenance costs tied to energy center upkeep and tree trimming, and a higher weighted-average share count; on the positive side, new electric service rates effective June 1, 2025 at Ameren Missouri and stronger electric retail sales provided meaningful support. Notably, Ameren Missouri recently priced $900 million in first mortgage bonds to refinance short-term debt and fund capital expenditures, underscoring the company's active financing posture. Looking ahead, Ameren affirmed 2026 EPS guidance of $5.25 to $5.45 per diluted share and projects 6% to 8% compound annual EPS growth through 2030, backed by $31.80 billion in planned infrastructure investments.

Key Takeaways
  • Increased earnings on infrastructure investments
  • New electric service rates effective June 1, 2025 at Ameren Missouri
  • Higher electric retail sales driven by colder winter weather in Q4 2025
  • Higher gas sales volumes driven by colder Q4 2025 weather

“Our steadfast focus remains on the customers and communities we serve. Customers depend on us to bring them reliable, resilient energy while keeping their bills as low as possible. A disciplined and strategic approach to investing in our electric and natural gas infrastructure to bolster reliability and facilitate growth in our communities is more important than ever.”

Ameren CEO, on the earnings call

Forward Guidance & Outlook

Ameren affirmed its 2026 earnings guidance range of $5.25 to $5.45 per diluted share. The company issued long-term EPS compound annual growth rate guidance of 6% to 8% from 2026 through 2030, using the 2026 guidance midpoint of $5.35 per share as the base. Growth is expected to be driven by $31.8 billion in infrastructure investments supporting projected rate base growth of approximately 10.6% compounded annually from 2025 through 2030. Guidance assumes normal temperatures and is subject to regulatory, judicial, legislative, and market risks.

AEE YoY Financials

Q4 2025 vs Q4 2024 · SEC filings Q4 2024 Q4 2025
$0$600.0M$1.2B$1.8B$1.9B$1.8BRevenue$198.0M$360.0MOperating Income$207.0M$252.0MNet Income
$0$600.0M$1.2B$1.8BRevenueOperating IncomeNet Income

AEE Revenue by Segment

Ameren Missouri Electric$738.0M
Ameren Illinois Electric Distribution$555.0M
Ameren Illinois Natural Gas$282.0M
Ameren Transmission$204.0M
Ameren Missouri Natural Gas$55.0M

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