Ameren Earnings Call Transcripts
Fiscal Year 2026
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The meeting covered director elections, approval of executive compensation, and auditor ratification. Highlights included a 5.6% dividend increase, strong 2025 financial results, and $31.8 billion in planned infrastructure investments through 2030.
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Q1 2026 EPS rose to $1.28, driven by $1.5B in infrastructure investments and strong execution. 2026 EPS guidance of $5.25-$5.45 was reaffirmed, with robust growth expected from large load agreements and a $70B investment pipeline through 2035.
Fiscal Year 2025
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Reported 2025 adjusted EPS of $5.03, up 8.6% year-over-year, and affirmed 2026 EPS guidance of $5.25–$5.45. Signed 2.2 GW of large load ESAs, representing upside to forecasts, and increased the five-year capital plan to $31.8 billion.
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Q3 2025 adjusted EPS rose to $2.17, driven by infrastructure investment and strong sales, with 2025 and 2026 EPS guidance raised. Data center agreements reached 3 GW, supporting robust long-term growth expectations and a $68B+ capital pipeline.
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Q2 2025 EPS rose to $1.01, driven by infrastructure investment and strong sales growth, especially from data center demand. Guidance remains strong, with robust long-term growth prospects, disciplined cost management, and significant regulatory and tax credit developments.
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Q1 2025 EPS rose to $1.07 from $1.02 (adjusted) year-over-year, driven by infrastructure investments and strong demand, especially from data centers. 2025 EPS guidance of $4.85–$5.05 was reaffirmed, with robust capital plans and constructive regulatory outcomes supporting long-term growth.
Fiscal Year 2024
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2024 adjusted EPS rose to $4.63, driven by infrastructure investment and robust sales growth. Five-year capital plan increased 20% to $26.3B, with 2025 EPS guidance of $4.85–$5.05 and long-term 6%-8% EPS CAGR expected.
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Q3 2024 adjusted EPS was $1.87, flat year-over-year, with 2024 guidance reaffirmed and 2025 EPS guidance set at $4.85–$5.05, reflecting strong growth expectations. Major investments in grid modernization, clean energy, and transmission continue, supported by robust economic and customer growth in the region.
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Q2 2024 EPS rose to $0.97 from $0.90 year-over-year, driven by infrastructure investments, customer growth, and cost control. The company remains on track for full-year guidance and sees robust long-term growth opportunities, especially from new data center and manufacturing loads.