Ameren Affirms $5.25–5.45 EPS Guidance, Wins Approval for 800 MW Gas and 400 MW Battery Facility
Ameren recorded 2025 GAAP EPS of $5.35 and adjusted EPS of $5.03, up from $4.42 and $4.63 driven by infrastructure returns and higher retail sales. The company affirmed 2026 EPS guidance at $5.25–5.45 and received approval for an 800 MW gas plant with a 400 MW battery system, starting service in 2028.
1. 2025 Financial Performance
Ameren recorded GAAP net income of $1.456 billion in 2025, equivalent to $5.35 per diluted share versus $4.42 in 2024. Adjusted EPS rose to $5.03 from $4.63, driven by returns on infrastructure investments, new electric rates and higher retail sales, partially offset by interest and maintenance expenses.
2. 2026 Guidance and Growth Outlook
Ameren affirmed its 2026 EPS guidance range of $5.25 to $5.45 per diluted share and projected a 6%–8% EPS compound annual growth rate through 2030. This outlook rests on $31.8 billion of planned infrastructure investments expected to drive approximately 10.6% annual rate base growth from 2025 through 2030.
3. Big Hollow Energy Center Approval
Missouri regulators approved the Big Hollow Energy Center, featuring an 800 MW simple-cycle natural gas plant co-located with a 400 MW lithium-ion battery storage facility. Integrated into Ameren’s statewide grid, the hybrid project is slated to begin service in 2028 to bolster reliability during peak demand and renewable shortfalls.