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Ameren (AEE)
NYSE:AEE
Earnings Data
Report Date
Apr 30, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
1.13Last Year’s EPS
1.07Same Quarter Last Year
Moderate Buy
Based on 11 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
Overall the call emphasized strong operational execution, solid 2025 results (8.6% EPS growth), affirmed 2026 guidance, large new commercial wins (2.2 GW ESAs), a sizable and accelerated capital plan with supportive regulatory approvals, and continued customer and reliability progress. The primary negatives were execution, timing and financing risks tied to the materially larger capital program (equity issuance and debt plans), regulatory/legislative uncertainties, and the inherent uncertainties of converting ESAs into realized load. On balance, the positives (growth, approvals, ESAs, customer outcomes, dividend growth) materially outweigh the risks discussed.Company Guidance
Strong 2025 Adjusted Earnings Growth
2025 adjusted earnings per share of $5.03, up 8.6% versus 2024 ($4.63). Adjusted results included a net tax-related benefit of $86,000,000 (approximately $0.32 per share) referenced in the call.
Affirmed and Growing 2026 Guidance
2026 EPS guidance affirmed at $5.25–$5.45 per share (midpoint $5.35), with the midpoint representing approximately 8.1% growth versus the original 2025 guidance midpoint. Management reiterated 6%–8% CAGR EPS guidance for 2026–2030 and expects results near the upper end of that range.
Large-Load Wins — 2.2 GW Executed ESAs
Ameren executed 2.2 gigawatts of large-load electric service agreements in Missouri this week; the broader Missouri pipeline totals 3.4 GW (inclusive of the 2.2 GW) and Downstate Illinois pipeline includes ~850 MW. Developers have provided approximately $46,000,000 in nonrefundable transmission upgrade payments.
Big Capital Investment Program and Rate Base Growth
Five-year capital plan of $31.8 billion (a 21% increase vs. prior plan) driving an expected 10.6% compound annual rate base growth from 2025–2030. Planned 2026 capital spending ~ $5.5 billion; ten-year investment pipeline exceeds $70 billion.
Generation and Transmission Progress
IRP called for 5.3 GW new generation (2025–2030); ~2.7 GW in progress. Recent in-service and near-service milestones include a 50 MW solar facility placed in service, 350 MW of solar in final testing, Audrain dual-fuel conversion adding 700 MW of winter capacity, and Missouri PSC approval for Big Hollow 800 MW simple-cycle gas and 400 MW battery (target 2028). Secured turbine production slots for a planned 2.1 GW combined-cycle (expected in-service 2031).
Operational Resiliency and Customer Experience Improvements
Investments prevented more than 56,000,000 minutes of potential customer outages in 2025 (more than double year-over-year). Customer satisfaction ~4.6/5 after interactions; average call handle time reduced 21% and total call volume down 12% since 2023.
Cost Discipline and Productivity Gains
Achieved $20,000,000 in recurring O&M savings from energy delivery process improvements over the past two years, with fieldwork scheduling improvements boosting productivity ~25%. Management targets O&M growth below the rate of inflation across the five-year plan.
Shareholder-Friendly Capital Policies
Board approved a 5.6% quarterly dividend increase to an annualized $3.00 per share (13th consecutive year of increases). Target dividend payout ratio maintained around ~56% with a stated range of 50%–60%.
AEE Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
AEE Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 11, 2026 | $106.02 | $109.34 | +3.13% |
Nov 05, 2025 | $100.56 | $101.28 | +0.72% |
Jul 31, 2025 | $99.69 | $100.66 | +0.97% |
May 01, 2025 | $95.98 | $97.34 | +1.42% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Ameren (AEE) report earnings?
Ameren (AEE) is schdueled to report earning on Apr 30, 2026, Before Open (Confirmed).
What is Ameren (AEE) earnings time?
Ameren (AEE) earnings time is at Apr 30, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is AEE EPS forecast?
AEE EPS forecast for the fiscal quarter 2026 (Q1) is 1.13.