Ameren Q2 revenue misses on lower retail electricity sales

Ameren

30/07/2026 21:44

Overview
U.S. regulated utility's Q2 revenue declined and missed analyst expectations
Diluted EPS for Q2 rose to $1.13 from $1.01 a year earlier
Company reaffirmed 2026 earnings guidance range of $5.25 to $5.45 per share

Outlook
Ameren reaffirms 2026 diluted EPS guidance range of $5.25 to $5.45
Company guidance assumes normal temperatures for the last six months of 2026
Ameren says guidance is subject to regulatory, market, and customer usage risks

Result Drivers
INFRASTRUCTURE INVESTMENTS - Co said increased earnings were driven by investments to improve system reliability, resiliency and service quality across segments
HIGHER OPERATIONS AND MAINTENANCE COSTS - Increased reliability-focused tree trimming and energy center maintenance offset some earnings gains
LOWER ELECTRIC RETAIL SALES - Co said milder temperatures led to lower electric retail sales, weighing on results

Company press release: ID:nPn4PgRB9a

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Miss
$2.09 bln
$2.27 bln (8 Analysts)
Q2 EPS
 
$1.13
 
Q2 Net Income attributable to company
 
$314 mln
 
Q2 Operating Income
 
$459 mln
 
Q2 Pretax Profit
 
$368 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy", 8 "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 $121.00, about 10% above its July 29 closing price of $109.97
The stock recently traded at 20 times the next 12-month earnings vs. a P/E of 20 three months ago

Reuters Recommended Reads
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July 30 - Southern Co Q2 adjusted EPS beats expectations on customer growth

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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.)