Ameren Q4 Revenue Falls 8.2% to $1.78B While EPS Edges Up
Ameren reported Q4 revenue of $1.78 billion, down 8.2% year-over-year and 14.9% below estimates, while EPS rose to $0.78 from $0.77, beating forecasts by 1.6%. Electric sales reached 16,927 GWh, with Missouri revenues plunging 21.9% to $738 million and gas revenue in Missouri up 27.9% to $55 million.
1. Q4 Financial Results
Ameren posted revenue of $1.78 billion for the quarter ended December 2025, down 8.2% year-over-year and missing consensus estimates by 14.9%. Earnings per share rose to $0.78 from $0.77 a year earlier, a 1.6% surprise over forecasts.
2. Segment Performance
Electric sales totaled 16,927 GWh versus estimates of 16,648 GWh. Electric revenues in Missouri fell 21.9% to $738 million, while Illinois distribution rose 6.3% to $555 million. Transmission revenues grew 4.6% to $204 million. Natural gas operating revenues climbed 5% to $337 million, led by a 27.9% increase in Missouri gas revenues to $55 million.
3. Stock Performance and Outlook
Shares have gained 4.3% over the past month versus a 0.3% drop in the S&P 500. The company holds a Buy rating, suggesting potential outperformance as investors weigh segment trends against the revenue shortfall.