NYSE$AEE

Ameren Corp · Q1 2023 earnings

Q1 2023 earnings · · Investor relations

Briefing

Ameren announced first quarter 2023 results, with diluted earnings per share of $1.00 compared to $0.97 in the same period of 2022.

Ameren Corporation reported first quarter 2023 net income attributable to common shareholders of $264 million, or $1.00 per diluted share, compared to $252 million, or $0.97 per diluted share in 2022. The results were driven by increased infrastructure investments across all business segments and positively impacted by lower operations and maintenance expenses in Ameren Missouri and Ameren Illinois Natural Gas.

  • First Quarter Diluted Earnings Per Share were $1.00 in 2023 vs. $0.97 in 2022
  • Earnings reflected increased interest expense at Ameren Missouri and Ameren Parent.
  • Ameren Illinois Electric Distribution earnings increased as a result of a higher allowed return on equity (ROE).
  • Guidance Range for 2023 Affirmed at $4.25 to $4.45 per Diluted Share

Headline financials

Total Revenue

$2.06B

Previous: $1.88B+9.7%
EPS (adj)

$1.00

Previous: $0.97+3.1%
Capital Expenditures

-$931M

Previous: -$774M-20.3%
Free Cash Flow

-$666M

Previous: -$521M-27.8%
Net Income

$265M

Previous: $253M+4.7%
Operating Income

$351M

Previous: $331M+6.0%
Gross Profit

$1.99B

Previous: $1.8B+10.6%
Cash & Equivalents

$10M

Previous: $7M+42.9%
Total Assets

$38.1B

Previous: $36.2B+5.2%
Stock-Based Comp

$8M

Previous: $4M+100.0%

Revenue & EPS history

Ameren · Revenue · Quarterly

$2.06B

Q1 2023+9.7%vs Q1 2022
Beat estimate in 8 of 15 quarters(53%)
ActualEstimate

Revenue by segment

Ameren · $2.02B total across 4 segments · Q1 2023

  • Ameren Missouri
    $841M+14.0%
  • Ameren Illinois Electric Distribution
    $624M+34.2%
  • Ameren Illinois Natural Gas
    $391M-18.7%
  • Ameren Transmission
    $163M+11.6%

Forward guidance

Ameren affirmed its 2023 earnings guidance range of $4.25 to $4.45 per diluted share. Earnings guidance for 2023 assumes normal temperatures for the last nine months of the year and is subject to the effects of, among other things: 30-year U.S. Treasury bond yields; regulatory, judicial and legislative actions; energy center and energy distribution operations; energy, economic and capital market conditions; severe storms; unusual or otherwise unexpected gains or losses; and other risks and uncertainties outlined, or referred to, in the Forward-looking Statements section of this press release.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2023

Historical avgQ1 2023

+0.1%

Avg return

Earnings day

+0.2%

Avg return

5 days after

+0.9%

Avg return

30 days after

49%

31 / 63 earnings

Positive

+5.4%

Q4 2013

Best reaction

-5.2%

Q3 2012

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+1.9%-3.4%-2.1%
Q4 2025+3.1%+4.3%+5.7%
Q3 2025+0.8%+3.9%-1.4%
Q1 2025+1.4%+1.5%-1.2%
Q4 2024-0.2%-0.4%+0.9%
Q3 2024-1.3%+5.3%+4.7%
Q2 2024+4.1%+1.6%+4.1%
Q1 2024-0.5%-0.2%-1.5%
Q4 2023+0.3%-0.1%+0.4%
Q3 2023-2.4%-4.1%+0.0%
Q2 2023-2.0%-4.1%-7.3%
Q1 2023+2.1%+0.2%-8.4%
Q4 2022+0.8%+2.4%-0.2%
Q3 2022-0.2%+1.4%+8.5%
Q2 2022-1.1%+1.3%+0.7%
Q1 2022-1.3%-1.0%-0.6%
Q4 2021+0.2%+0.5%+4.0%
Q3 2021+0.0%-1.6%+0.8%
Q2 2021+1.9%+2.9%+3.4%
Q1 2021-1.9%-1.5%+0.4%
Q4 2020-1.3%-2.0%+7.5%
Q3 2020-2.2%-1.5%-8.6%
Q2 2020+2.2%+0.9%-1.9%
Q1 2020-2.7%-3.0%+5.6%
Q4 2019-2.4%+1.0%-11.2%
Q3 2019-0.7%+1.3%+0.8%
Q2 2019-2.1%-1.9%+0.7%
Q1 2019+2.7%+3.5%+6.3%
Q4 2018-0.5%+0.0%+4.3%
Q3 2018-1.0%-0.5%+5.6%
Q2 2018+1.3%+1.3%+2.4%
Q1 2018-1.0%-0.6%-0.4%
Q4 2017-2.1%-3.3%-1.4%
Q3 2017-0.3%+0.5%+2.3%
Q2 2017+1.6%+1.9%+4.9%
Q1 2017+1.0%-0.1%+5.4%
Q4 2016+1.6%+2.6%+4.8%
Q3 2016+3.5%-0.0%+1.2%
Q2 2016-1.7%-1.6%-4.2%
Q1 2016-1.1%
Q4 2015-0.1%
Q3 2015-2.0%
Q2 2015+4.6%
Q1 2015+0.0%
Q4 2014-1.1%
Q3 2014+0.0%
Q2 2014-3.6%
Q1 2014-4.1%
Q4 2013+5.4%
Q3 2013-0.6%
Q2 2013+2.4%
Q1 2013+1.8%
Q4 2012-0.2%
Q3 2012-5.2%
Q2 2012+1.2%
Q1 2012-0.7%
Q4 2011+0.3%
Q2 2011+1.8%
Q1 2011+1.1%
Q4 2010+1.4%
Q3 2010-1.0%
Q2 2010+1.5%
Q1 2010+4.3%

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