Ameren Corp
NYSE:AEE
Ameren Corp
Ameren Corporation, established in 1997 through the merger of Union Electric Company and Central Illinois Public Service Company, has grown into a pivotal player in the utility sector, predominantly operating in Missouri and Illinois. Headquartered in St. Louis, Missouri, Ameren provides electric and natural gas services to millions of customers. The company operates through two primary business segments: Ameren Missouri and Ameren Illinois. Ameren Missouri contributes a significant portion of the company's revenues and is known for its sizeable generation capacity, which includes a diversified mix of coal, nuclear, natural gas, hydroelectric, wind, and solar energy sources. Its electricity generation and distribution infrastructure enable Ameren to effectively deliver a stable energy supply across urban and rural areas alike.
In Illinois, Ameren operates a more extensive electric and natural gas distribution network, thanks to forward-thinking investments in infrastructure and grid modernization. This is where the company has strategically focused on advancing smart grid technologies and energy-efficient initiatives, decreasing energy loss and enhancing reliability. Ameren's financial health is bolstered by regulated revenue structures, which provide predictable cash flows and a stable return on investments. Through its strategic focus on renewable energy and technological advancements, Ameren aims to meet evolving regulatory standards and customer expectations while positioning itself for sustainable growth in a rapidly changing energy market. This adaptability ensures that Ameren not only keeps the lights on but also remains a formidable player in the future energy landscape.
Ameren Corporation, established in 1997 through the merger of Union Electric Company and Central Illinois Public Service Company, has grown into a pivotal player in the utility sector, predominantly operating in Missouri and Illinois. Headquartered in St. Louis, Missouri, Ameren provides electric and natural gas services to millions of customers. The company operates through two primary business segments: Ameren Missouri and Ameren Illinois. Ameren Missouri contributes a significant portion of the company's revenues and is known for its sizeable generation capacity, which includes a diversified mix of coal, nuclear, natural gas, hydroelectric, wind, and solar energy sources. Its electricity generation and distribution infrastructure enable Ameren to effectively deliver a stable energy supply across urban and rural areas alike.
In Illinois, Ameren operates a more extensive electric and natural gas distribution network, thanks to forward-thinking investments in infrastructure and grid modernization. This is where the company has strategically focused on advancing smart grid technologies and energy-efficient initiatives, decreasing energy loss and enhancing reliability. Ameren's financial health is bolstered by regulated revenue structures, which provide predictable cash flows and a stable return on investments. Through its strategic focus on renewable energy and technological advancements, Ameren aims to meet evolving regulatory standards and customer expectations while positioning itself for sustainable growth in a rapidly changing energy market. This adaptability ensures that Ameren not only keeps the lights on but also remains a formidable player in the future energy landscape.
EPS Growth: Ameren reported 2025 adjusted earnings of $5.03 per share, up 8.6% from 2024’s $4.63 per share.
2026 Guidance Affirmed: The company reaffirmed its 2026 EPS guidance range of $5.25 to $5.45 per share, implying about 8.1% growth at the midpoint.
Strong Infrastructure Investment: Ameren plans $31.8 billion of capital expenditures from 2026 through 2030, a 21% increase over last year's plan.
Large Load Agreements: Recently signed 2.2 gigawatts of large load electric service agreements in Missouri, representing upside to current forecasts.
Dividend Increase: Board approved a 5.6% increase in the quarterly dividend, now annualized at $3 per share, marking the 13th consecutive year of increases.
Rate Base Growth: Expects compound annual rate base growth of 10.6% from 2025 through 2030.
Cost Discipline: Management continues to target limiting O&M expense growth below the rate of inflation.
Regulatory Wins: Received constructive rate case outcomes in both Missouri and Illinois, supporting future investment.
