Ameren Corp

Ameren Corporation delivered a strong earnings beat in the first quarter of 2026, posting diluted EPS of $1.28 against a consensus estimate of $1.17, a 9.09% positive surprise, even as revenue of $2.18 billion came in 3.18% below expectations despite rising 3.8% year over year. The St. Louis-based utility's bottom-line strength was driven primarily by earnings on increased infrastructure investment across its Missouri and Illinois electric and natural gas operations, with operating income climbing to $532.00 million from $430.00 million a year earlier, aided by meaningfully lower fuel and purchased power costs. Net income attributable to common shareholders rose to $357.00 million from $289.00 million, though warmer-than-normal winter temperatures weighed on Missouri electric retail volumes and pressured the top line. Capital expenditures accelerated sharply to $1.57 billion from $1.06 billion, reflecting the company's intensified build-out to serve growing demand, including from data center customers. Ameren reaffirmed its full-year 2026 guidance of $5.25 to $5.45 per diluted share, assuming normal temperatures for the remainder of the year, and declared its twelfth consecutive annual dividend increase at $0.75 per share quarterly.