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

Reuters
Feb 12
Ameren beats Q4 revenue, adj EPS expectations, affirms 2026 earnings guidance

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.)

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