NYSE$AEE

Ameren Corp · Q2 2024 earnings

Q2 2024 earnings · · Investor relations

Briefing

Ameren announced strong second quarter earnings driven by strategic infrastructure investments and disciplined cost control.

Ameren Corporation reported second quarter 2024 net income attributable to common shareholders of $258 million, or $0.97 per diluted share, compared to $237 million, or $0.90 per diluted share in the second quarter of 2023. The company reaffirmed its 2024 earnings guidance range of $4.52 to $4.72 per diluted share.

  • Second quarter Diluted Earnings Per Share were $0.97 in 2024 vs. $0.90 in 2023.
  • Earnings were positively impacted by higher Ameren Missouri electric retail sales due to warmer temperatures.
  • New Ameren Missouri electric service rates also contributed to earnings.
  • Guidance Range for 2024 Reaffirmed at $4.52 to $4.72 per Diluted Share

Headline financials

Total Revenue

$1.69B

Previous: $1.76B-3.8%
EPS (adj)

$0.97

Previous: $0.90+7.8%
Capital Expenditures

-$1.89B

Previous: -$1.82B-3.8%
Free Cash Flow

-$1.63B

Previous: -$1.58B-3.1%
Net Income

$260M

Previous: $239M+8.8%
Operating Income

$361M

Previous: $329M+9.7%
Gross Profit

$1.62B

Previous: $1.7B-4.2%
Cash & Equivalents

$19M

Previous: $7M+171.4%
Total Assets

$42.3B

Previous: $38.9B+8.7%
Stock-Based Comp

$6M

Previous: $6M+0.0%

Revenue & EPS history

Ameren · Revenue · Quarterly

$1.69B

Q2 2024-3.8%vs Q2 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 reaffirmed its 2024 earnings guidance range of $4.52 to $4.72 per diluted share. Earnings guidance for 2024 assumes normal temperatures for the last six months of the year and is subject to 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 2024

Historical avgQ2 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%

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