Electric and gas utility Ameren beats Q3 revenue estimates; lifts 2025 adj EPS outlook

Reuters
Nov 06, 2025
Electric and gas utility Ameren beats Q3 revenue estimates; lifts 2025 adj EPS outlook

Overview

  • Ameren Q3 2025 revenue beats analyst expectations, adjusted EPS also exceeds estimates

  • Company raises 2025 EPS guidance range, indicating confidence in future performance

  • Adjusted earnings driven by infrastructure investments and new electric service rates

Outlook

  • Ameren raises 2025 GAAP EPS guidance to $5.08-$5.28

  • Ameren raises 2025 adjusted EPS guidance to $4.90-$5.10

  • Ameren sets 2026 EPS guidance at $5.25-$5.45

Result Drivers

  • INFRASTRUCTURE INVESTMENTS - Increased investments contributed to higher adjusted earnings in Q3 2025

  • NEW ELECTRIC RATES - New Ameren Missouri electric service rates effective June 2025 boosted earnings

  • WARMER WEATHER - Higher retail sales in Missouri driven by warmer July weather supported earnings

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

Beat

$2.70 bln

$2.48 bln (6 Analysts)

Q3 Adjusted EPS

Beat

$2.17

$2.11 (10 Analysts)

Q3 EPS

$2.35

Q3 Adjusted Net Income

Beat

$592 mln

$575.99 mln (4 Analysts)

Q3 Net Income

$641 mln

Q3 Operating Income

-$48 mln

Q3 Pretax Profit

$693 mln

Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy", 7 "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 $111.50, about 8.6% above its November 4 closing price of $101.91

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

Press Release: ID:nPn7n4B38a

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

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