Ameren beats Q4 revenue, adj EPS expectations, affirms 2026 earnings guidance

Ameren

11/02/2026 21:38

Overview

Utility company's Q4 revenue beat analyst expectations

Adjusted EPS for Q4 beat analyst expectations

Company affirms 2026 earnings guidance and issues long-term growth guidance

Outlook

Ameren affirms 2026 EPS guidance range of $5.25 to $5.45 per share

Company projects 6% to 8% EPS CAGR from 2026 through 2030

Ameren expects $31.8 bln infrastructure investments to drive rate base growth

Result Drivers

INFRASTRUCTURE INVESTMENTS - Increased earnings from infrastructure investments contributed to higher 2025 earnings

NEW ELECTRIC RATES - New electric service rates effective June 1, 2025, supported earnings growth

HIGHER RETAIL SALES - Favorable weather conditions led to higher electric retail sales at Ameren Missouri

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Beat
$1.78 bln
$1.67 bln (6 Analysts)
Q4 Adjusted EPS
Beat
$0.78
$0.77 (11 Analysts)
Q4 EPS
$0.92
Q4 Adjusted Net Income
Slight Beat*
$214 mln
$213.58 mln (5 Analysts)
Q4 Net Income
$253 mln
Q4 Operating Income
$360 mln
Q4 Pretax Profit
$244 mln


*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 9 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the multiline utilities peer group is "buy"

Wall Street's median 12-month price target for Ameren Corp is $111.00, about 4.9% above its February 10 closing price of $105.78

The stock recently traded at 20 times the next 12-month earnings vs. a P/E of 19 three months ago

Press Release: ID:nPn7m5K4Ca

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)