Ameren Q1 Net Income $357M, EPS Guidance Reaffirmed at $5.25–$5.45
AEE•Ameren reported first-quarter net income of $357 million, or $1.28 per share, beating analysts’ $1.17 consensus on $2.18 billion in revenue versus a $2.24 billion forecast. The utility reaffirmed 2026 EPS guidance at $5.25–$5.45 and saw segment earnings climb in Missouri, transmission, Illinois electric and natural gas units.
1. First-Quarter Financial Results
Ameren reported first-quarter net income attributable to common shareholders of $357 million, or $1.28 per diluted share, up from $289 million and $1.07 a year ago. Revenue reached $2.18 billion, slightly below the $2.24 billion forecast, driven by infrastructure returns and offset by lower retail volumes.
2. Segment Performance Breakdown
Infrastructure investments boosted earnings across all segments, with Ameren Missouri rising to $76 million from $42 million, Ameren Transmission to $98 million from $89 million, Illinois electric distribution to $66 million from $63 million, and Illinois natural gas to $122 million from $108 million.
3. Guidance and Outlook
Warmer-than-normal winter temperatures and higher interest expense partially offset gains, while a higher share count influenced per-share results. Ameren reaffirmed its 2026 EPS guidance of $5.25 to $5.45, assuming normal temperatures and continued infrastructure spending.
