NYSE$AEE

Ameren Corp · Q3 2020 earnings

Q3 2020 earnings · · Investor relations

Briefing

Ameren's Q3 2020 earnings remained consistent with the previous year, driven by infrastructure investments and disciplined cost management, but offset by lower sales due to mild temperatures and COVID-19 impacts.

Ameren Corporation reported net income attributable to common shareholders of $367 million, or $1.47 per diluted share, for the third quarter of 2020, matching the $364 million, or $1.47 per diluted share, from the third quarter of 2019. Earnings were driven by increased infrastructure investments and disciplined cost management, offset by lower electric retail sales due to milder temperatures and the impact of COVID-19.

  • Third quarter diluted earnings per share were $1.47 in 2020, matching the $1.47 in 2019.
  • Earnings were positively impacted by new Ameren Missouri electric service rates and lower operations and maintenance expenses.
  • These favorable factors were mostly offset by lower Ameren Missouri electric retail sales due to milder temperatures and the impact of COVID-19.
  • 2020 earnings guidance range narrowed to $3.40 to $3.55 per diluted share from $3.40 to $3.60.

Headline financials

Total Revenue

$0.00

Previous: $1.64B-100.0%
EPS (adj)

$1.47

Previous: $1.47+0.0%
Capital Expenditures

-$656M

Previous: -$636M-3.1%
Free Cash Flow

-$287M

Previous: -$270M-6.3%
Net Income

$369M

Previous: $366M+0.8%
Operating Income

$494M

Previous: $520M-5.0%
Gross Profit

-$71M

Previous: $1.17B-106.1%
Cash & Equivalents

$6M

Previous: $20M-70.0%
Total Assets

$30.5B

Previous: $28.5B+6.9%
Stock-Based Comp

$5M

Previous: $5M+0.0%

Revenue & EPS history

Ameren · Revenue · Quarterly

$0

Q3 2020-100%vs Q3 2019
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Revenue by segment

Ameren · $1.64B total across 4 segments · Q3 2020

  • Ameren Missouri
    $984M
  • Ameren Illinois Electric Distribution
    $391M
  • Ameren Transmission
    $141M
  • Ameren Illinois Natural Gas
    $122M

Forward guidance

Ameren narrowed its 2020 earnings guidance range to $3.40 to $3.55 per diluted share compared to the prior range of $3.40 to $3.60. Earnings guidance for 2020 assumes normal temperatures for the last three months of the year and is subject to the effects of, among other things: the impacts of COVID-19; 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.

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 Q3 2020

Historical avgQ3 2020

+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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