NYSE$AEE

Ameren Corp · Q2 2023 earnings

Q2 2023 earnings · · Investor relations

Briefing

Ameren's Q2 2023 earnings were announced, showing an increase in net income and EPS compared to Q2 2022, driven by infrastructure investments and lower expenses.

Ameren Corporation reported a net income attributable to common shareholders of $237 million, or $0.90 per diluted share, for the second quarter of 2023, compared to $207 million, or $0.80 per diluted share, for the same period in 2022. The results were driven by increased infrastructure investments and lower operations and maintenance expenses. The company reaffirmed its 2023 earnings guidance range of $4.25 to $4.45 per diluted share.

  • Second quarter diluted earnings per share were $0.90 in 2023 compared to $0.80 in 2022.
  • Net income attributable to common shareholders increased to $237 million in Q2 2023 from $207 million in Q2 2022.
  • Earnings were positively impacted by lower Ameren Missouri and Ameren Illinois Natural Gas operations and maintenance expenses.
  • Ameren Illinois Electric Distribution earnings increased due to a higher allowed return on equity (ROE).

Headline financials

Total Revenue

$1.76B

Previous: $1.73B+2.0%
EPS (adj)

$0.90

Previous: $0.80+12.5%
Capital Expenditures

-$1.82B

Previous: -$1.54B-18.5%
Free Cash Flow

-$1.58B

Previous: -$1.33B-19.1%
Net Income

$239M

Previous: $209M+14.4%
Operating Income

$329M

Previous: $309M+6.5%
Gross Profit

$1.7B

Previous: $1.66B+2.2%
Cash & Equivalents

$7M

Previous: $7M+0.0%
Total Assets

$38.9B

Previous: $37.1B+5.0%
Stock-Based Comp

$6M

Previous: $8M-25.0%

Revenue & EPS history

Ameren · Revenue · Quarterly

$1.76B

Q2 2023+2%vs Q2 2022
Beat estimate in 8 of 15 quarters(53%)
ActualEstimate

Revenue by segment

Ameren · $1.77B total across 4 segments · Q2 2023

  • Ameren Missouri
    $918M+3.1%
  • Ameren Illinois Electric Distribution
    $540M+7.1%
  • Ameren Transmission
    $161M+7.3%
  • Ameren Illinois Natural Gas
    $152M-17.4%

Forward guidance

Ameren reaffirmed its 2023 earnings guidance range of $4.25 to $4.45 per diluted share. Earnings guidance for 2023 assumes normal temperatures for the last six months of the year and is subject to the effects of various factors.

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 Q2 2023

Historical avgQ2 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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