Ameren Announces Third Quarter 2026 Results

(NYSE:AEE) Ameren Corporation announced third quarter 2026 GAAP net income attributable to common shareholders of $676 million, or $2.42 per diluted share, compared to $640 million, or $2.35 per diluted share, in the third quarter of 2025. Adjusted (non-GAAP) net income for the third quarter of 2026 was also $676 million, or $2.42 per diluted share, versus $592 million, or $2.17 per diluted share, in the third quarter of 2025, excluding a tax benefit in 2025. The company attributed the year-over-year increase to higher earnings from infrastructure investments, investments in innovative energy technologies, and increased Ameren Missouri electric retail sales, primarily due to warmer temperatures, partially offset by higher operations and maintenance expenses and higher weighted-average basic common shares outstanding. For the nine months ended September 30, 2026, GAAP net income was $1,347 million, or $4.83 per diluted share, compared to $1,204 million, or $4.43 per diluted share, for the same period in 2025. Adjusted net income for the nine months ended September 30, 2025, was $1,156 million, or $4.25 per diluted share. Ameren raised its 2026 earnings guidance range to $5.35 to $5.55 per diluted share, up from the previous range of $5.25 to $5.45 per share. The company established 2027 earnings guidance of $5.70 to $5.90 per diluted share, representing 8.4% growth from the original 2026 guidance midpoint. Ameren issued EPS compound annual growth rate guidance of 8% to 10% for 2027 through 2031, using the 2027 guidance midpoint of $5.80 per share as the base. The company expects multi-year earnings growth to be driven by $38.1 billion of planned infrastructure investments, supporting projected rate base growth of approximately 13.3% compounded annually from 2026 through 2031. Ameren expects to continue to grow its common dividend annually, targeting a payout ratio between 45% and 55% of annual earnings per share. Segment results for the third quarter of 2026 included Ameren Missouri earnings of $582 million (up from $518 million in 2025), Ameren Transmission earnings of $110 million (down from $151 million GAAP and $103 million adjusted in 2025), Ameren Illinois Electric Distribution earnings of $72 million (up from $57 million in 2025), and Ameren Illinois Natural Gas segment loss of $7 million (improved from a $13 million loss in 2025). Ameren Parent reported a third quarter 2026 loss of $81 million, compared to a $73 million loss in 2025. The company will hold a conference call for analysts at 9 a.m. Central Time on November 6, 2026, to discuss these results and guidance. Ameren's updated outlook reflects significant investments to serve growing demand from large customers and support economic growth. The company’s earnings guidance assumes normal temperatures for the remainder of 2026 and for 2027, and is subject to regulatory, judicial, legislative, operational, and market risks.

MISO selects consortium of Ameren, GridLiance, Dairyland to deliver foundational energy grid project in Iowa

(NYSE:AEE) Ameren Corporation announced that a consortium including Ameren Transmission Company of Illinois (ATXI), GridLiance Heartland, LLC (a subsidiary of NextEra Energy Transmission, LLC), and Dairyland Power Cooperative has been selected by the Midcontinent Independent System Operator (MISO) to develop, build, operate, and maintain the East Adair – Minnesota/Iowa State Line – Arbor Hill – York Avenue (EASL) transmission project in Iowa. ATXI and GridLiance will lead the development and will jointly own the project with Dairyland once it is placed in service. The EASL project is foundational to a new 765-kilovolt (kV) backbone intended to deliver safe, reliable, and affordable energy to Midwest communities. MISO selected the consortium through a competitive process, citing the proposal's design, execution capabilities, regulatory experience, and overall value. The total MISO estimated cost for the EASL project is approximately $1.23 billion. Ownership stakes in the project will be 42.5% for ATXI, 42.5% for GridLiance, and 15% for Dairyland. The project includes construction of a new 765-kV transmission line spanning approximately 187 miles, a 345/765-kV substation named East Adair, and two new 345-kV transmission lines totaling approximately 22 miles. The 765-kV line will run north from the new East Adair Substation in southern Iowa to the Minnesota/Iowa state line. The first 345-kV line will run south from East Adair to Deadend East of York Avenue, and the second will run north from East Adair to the existing Arbor Hill Substation. The EASL project is part of MISO's Long Range Transmission Planning Tranche 2.1 Portfolio, originally approved in December 2024. The 765-kV scope of the project has an expected in-service date of June 1, 2034, and the 345-kV scope has an expected in-service date of June 1, 2032. The project will undergo regulatory review and stakeholder and community engagement. Earlier in the year, ATXI, GridLiance, and Dairyland, along with the Illinois Municipal Electric Agency, were also selected to deliver the Sub T – Iowa/Illinois State Line – Woodford County (STIW) and Woodford County – Illinois/Indiana State Line (WIIL) projects, which are also part of the Tranche 2.1 Portfolio. Ameren Corporation powers the quality of life for 2.5 million electric customers and more than 900,000 natural gas customers in a 64,000-square-mile area through its Ameren Missouri and Ameren Illinois subsidiaries.

Ameren Corporation Third Quarter 2026 Earnings Webcast set for Nov. 6, 2026

(NYSE:AEE) Ameren Corp. announced that Martin J. Lyons Jr., chairman, president and CEO, and Leonard P. Singh, executive vice president and CFO, will discuss Third Quarter 2026 earnings, earnings guidance, and other matters in a conference call with financial analysts at 9 a.m. Central time (10 a.m. Eastern time) on Friday, Nov. 6, 2026. The call will be broadcast live over the internet on AmerenInvestors.com. Supporting materials for the call will be posted in the 'Investors' section of the website under 'Events and Presentations.' A replay of the webcast will be available for one year beginning approximately one hour after the close of the call. Ameren Corporation powers the quality of life for 2.5 million electric customers and more than 900,000 natural gas customers in a 64,000-square-mile area through its Ameren Missouri and Ameren Illinois rate-regulated utility subsidiaries. Ameren Illinois provides electric transmission and distribution service and natural gas distribution service. Ameren Missouri provides electric generation, transmission and distribution services, as well as natural gas distribution service. Ameren Transmission Company of Illinois develops, owns and operates rate-regulated regional electric transmission projects in the Midcontinent Independent System Operator, Inc.

Ameren Illinois Announces Pricing of First Mortgage Bonds due 2036

(NYSE:AEE) Ameren Illinois Company, a subsidiary of Ameren Corporation, announced the pricing of a public offering of $400 million aggregate principal amount of 5.50% first mortgage bonds due 2036 at 99.988% of their principal amount. The transaction is expected to close on August 24, 2026, subject to the satisfaction of customary closing conditions. Ameren Illinois intends to use the net proceeds of the offering to repay a portion of its short-term debt. Goldman Sachs & Co. LLC, KeyBanc Capital Markets Inc., SMBC Nikko Securities America, Inc. and TD Securities (USA) LLC are acting as joint book-running managers for the offering. Ameren Illinois delivers energy to 1.2 million electric and more than 800,000 natural gas customers throughout central and southern Illinois. The service territory covers more than 1,200 communities and 43,700 square miles.

Ameren Announces Second Quarter 2026 Results

(NYSE: AEE) Ameren Corporation announced second quarter 2026 net income attributable to common shareholders of $314 million, or $1.13 per diluted share, compared to $275 million, or $1.01 per diluted share, in the second quarter of 2025. The company reaffirmed its 2026 earnings guidance range of $5.25 to $5.45 per diluted share. For the six months ended June 30, 2026, Ameren recorded net income attributable to common shareholders of $671 million, or $2.41 per diluted share, compared to $564 million, or $2.08 per diluted share, for the same period in 2025. Ameren Missouri reported second quarter 2026 earnings of $157 million, Ameren Transmission $96 million, Ameren Illinois Electric Distribution $70 million, and Ameren Illinois Natural Gas $9 million, while Ameren Parent had a loss of $18 million. The company attributed year-over-year earnings increases to infrastructure investments and investments in innovative energy technology, partially offset by higher operations and maintenance expenses, lower electric retail sales, and higher interest expense. Ameren powers 2.5 million electric customers and more than 900,000 natural gas customers in a 64,000-square-mile area through its Ameren Missouri and Ameren Illinois subsidiaries. The company will conduct a conference call for financial analysts at 9 a.m. Central Time on Friday, July 31, 2026, to discuss second quarter 2026 earnings and 2026 earnings guidance.

Ameren Corporation Second Quarter 2026 Earnings Webcast set for July 31, 2026

(NYSE: AEE) Ameren Corp. announced that Martin J. Lyons Jr., chairman, president and CEO, and Leonard P. Singh, executive vice president and CFO, will discuss Second Quarter 2026 earnings, earnings guidance, and other matters in a conference call with financial analysts at 9 a.m. Central time (10 a.m. Eastern time) on Friday, July 31. The call will be broadcast live over the internet on AmerenInvestors.com. Supporting materials for the call will be posted in the "Investors" section of this website under "Events and Presentations." A replay of the webcast will be available for one year beginning approximately one hour after the close of the call. Ameren Corporation powers the quality of life for 2.5 million electric customers and more than 900,000 natural gas customers in a 64,000-square-mile area through its Ameren Missouri and Ameren Illinois rate-regulated utility subsidiaries. Ameren Illinois provides electric transmission and distribution service and natural gas distribution service. Ameren Missouri provides electric generation, transmission and distribution services, as well as natural gas distribution service.

Ameren Missouri Announces Pricing of First Mortgage Bonds due 2056

(NYSE:AEE) Union Electric Company, doing business as Ameren Missouri, a subsidiary of Ameren Corporation, announced the pricing of a public offering of $500 million aggregate principal amount of 5.75% first mortgage bonds due 2056 at 99.324% of their principal amount. The transaction is expected to close on June 29, 2026, subject to the satisfaction of customary closing conditions. Ameren Missouri intends to use the net proceeds of the offering to refinance short-term debt and/or fund near-term capital expenditures. Ameren Missouri has been providing electric and gas service for more than 100 years. The company's electric rates are among the lowest in the nation. Ameren Missouri serves approximately 1.3 million electric and 135,000 natural gas customers in central and eastern Missouri. The company's service area covers approximately 60 counties and more than 500 communities, including the greater St. Louis area.

MISO selects consortium of Ameren, GridLiance, Dairyland, Illinois Municipal Electric Agency to deliver major grid-bolstering projects in Illinois

The Midcontinent Independent System Operator (MISO) has selected a consortium including Ameren Transmission Company of Illinois (ATXI), GridLiance Heartland, LLC, Dairyland Power Cooperative, and the Illinois Municipal Electric Agency (IMEA) to develop, build, operate, and maintain two major transmission projects. The projects, named Sub T – Iowa/Illinois State Line – Woodford County (STIW) and Woodford County – Illinois/Indiana State Line (WIIL), will form the foundation of a new 765-kilovolt backbone to deliver energy to Midwest communities. The STIW project involves constructing two new 765-kV transmission lines spanning approximately 149 miles, with a MISO estimated cost of $940 million. The WIIL project includes two new 765-kV transmission lines spanning 88 miles and a new 765/345-kV substation, with a MISO estimated cost of $718 million. Ownership stakes in both projects are divided among ATXI (43%), GridLiance (43%), Dairyland (11%), and IMEA (3%). Both projects are part of MISO's Long Range Transmission Planning Tranche 2.1 Portfolio, approved in December 2024, and have expected in-service dates of 2034. These projects aim to enhance grid reliability, support growing energy needs, and benefit communities for decades.

Ameren Announces First Quarter 2026 Results

Ameren Corporation (NYSE: AEE) reported first quarter 2026 net income attributable to common shareholders of $357 million, or $1.28 per diluted share, compared to $289 million, or $1.07 per diluted share, in the first quarter of 2025. The company reaffirmed its 2026 earnings guidance range of $5.25 to $5.45 per diluted share. Segment results showed year-over-year earnings increases across Ameren Missouri, Ameren Transmission, Ameren Illinois Electric Distribution, and Ameren Illinois Natural Gas. The results were driven by earnings on infrastructure investments, partially offset by lower electric retail sales and higher interest expense. Ameren powers 2.5 million electric customers and more than 900,000 natural gas customers.

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