Ameren Q1 net income rises, reaffirms 2026 earnings guidance

Ameren

05/05/2026 21:42

Overview

US regulated utility's Q1 revenue missed analyst expectations, diluted EPS rose yr/yr

Company reaffirmed 2026 earnings guidance range of $5.25 to $5.45 per share

Q1 earnings growth driven by infrastructure investments, offset by lower electric sales and higher interest

Outlook

Ameren reaffirms 2026 earnings guidance range of $5.25 to $5.45 per diluted share

Company says 2026 earnings guidance assumes normal temperatures for the last nine months

Result Drivers

INFRASTRUCTURE INVESTMENTS - Co said increased earnings were driven by investments to improve system reliability and service quality, reflected in higher service rates for Missouri and Illinois customers

LOWER ELECTRIC SALES - Warmer-than-normal winter temperatures led to lower electric retail sales, partially offsetting earnings gains

HIGHER INTEREST EXPENSE - Increased interest expense, especially at Ameren Missouri, weighed on results

Company press release: ID:nPn9pFnCJa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Miss
$2.18 bln
$2.26 bln (8 Analysts)
Q1 EPS
$1.28
Q1 Net Income
$358 mln
Q1 Operating Income
$532 mln
Q1 Pretax Profit
$418 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "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 $120.00, about 6.8% above its May 4 closing price of $112.39

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

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)