NYSE$AEE

Ameren Corp · Q1 2024 earnings

Q1 2024 earnings · · Investor relations

Briefing

Ameren announced first quarter 2024 results, with solid performance driven by strategic infrastructure investments and disciplined cost management.

Ameren Corporation reported first quarter 2024 net income attributable to common shareholders of $261 million, or $0.98 per share, compared to $264 million, or $1.00 per share, in the first quarter of 2023. The results reflect earnings on increased infrastructure investments, positively impacted by new rates and higher electric retail sales, offset by higher operations and maintenance expenses and interest expense.

  • First quarter Diluted Earnings Per Share were $0.98 in 2024 vs. $1.00 in 2023.
  • 2024 earnings guidance range affirmed at $4.52 to $4.72 per Diluted Share.
  • Earnings positively impacted by new Ameren Illinois Natural Gas service rates and rate design.
  • Ameren Missouri earnings benefited from new electric service rates and higher electric retail sales.

Headline financials

Total Revenue

$1.82B

Previous: $2.06B-11.9%
EPS

$0.98

Previous: $1.00-2.0%
Electric Sales (kWh)

17.1B

No prior period
Gas Sales (dekatherms)

68.0M

No prior period
Capital Expenditures

-$890M

Previous: -$931M+4.4%
Free Cash Flow

-$628M

Previous: -$666M+5.7%
Net Income

$262M

Previous: $265M-1.1%
Operating Income

$371M

Previous: $351M+5.7%
Gross Profit

$1.74B

Previous: $1.99B-12.4%
Cash & Equivalents

$85M

Previous: $10M+750.0%
Total Assets

$41.3B

Previous: $38.1B+8.5%
Stock-Based Comp

$8M

Previous: $8M+0.0%

Revenue & EPS history

Ameren · Revenue · Quarterly

$1.82B

Q1 2024-11.9%vs Q1 2023
Beat estimate in 8 of 15 quarters(53%)
ActualEstimate

Revenue by segment

Ameren · $2.09B total across 4 segments · Q3 2023

  • Ameren Missouri
    $1.22B-8.9%
  • Ameren Illinois Electric Distribution
    $558M-17.0%
  • Ameren Transmission
    $188M+11.2%
  • Ameren Illinois Natural Gas
    $122M-16.4%

Forward guidance

Ameren affirmed its 2024 earnings guidance range of $4.52 to $4.72 per diluted share. Earnings guidance for 2024 assumes normal temperatures for the last nine months of the year and is subject to various risks and uncertainties.

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 2024

Historical avgQ1 2024

+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%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro