NYSE$AEE

Ameren Corp · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Ameren announced third quarter 2021 results, with diluted earnings per share of $1.65, compared to $1.47 in 2020, and raised its 2021 diluted EPS guidance range to $3.75 to $3.95.

Ameren Corporation reported third quarter 2021 net income attributable to common shareholders of $425 million, or $1.65 per diluted share, compared to $367 million, or $1.47 per diluted share in 2020. The results reflect increased earnings on infrastructure investments across all business segments and strong execution of the company's strategy. The company also raised its 2021 earnings per share guidance range to $3.75 to $3.95.

  • Third Quarter Diluted Earnings Per Share were $1.65 in 2021 vs. $1.47 in 2020
  • 2021 Diluted EPS Guidance Range Raised to $3.75 to $3.95 from $3.65 to $3.85
  • Earnings were higher at Ameren Missouri due to a change in seasonal electric rate design effective in May 2021 as a result of the March 2020 rate order.
  • Earnings were also positively impacted by higher Ameren Missouri electric retail sales driven by an economy that continues to recover from the impacts of COVID-19, as well as by warmer-than-normal summer temperatures in the third quarter of 2021 compared to near-normal summer temperatures in the year-ago period.

Headline financials

Total Revenue

$1.81B

Previous: $0.00
EPS (adj)

$1.65

Previous: $1.47+12.2%
Capital Expenditures

-$2.1B

Previous: -$656M-219.8%
Free Cash Flow

-$1.67B

Previous: -$287M-482.6%
Net Income

$426M

Previous: $369M+15.4%
Operating Income

$534M

Previous: $494M+8.1%
Gross Profit

$1.73B

Previous: -$71M+2536.6%
Cash & Equivalents

$7M

Previous: $6M+16.7%
Total Assets

$34.7B

Previous: $30.5B+13.6%
Stock-Based Comp

$6M

Previous: $5M+20.0%

Revenue & EPS history

Ameren · Revenue · Quarterly

$1.81B

Q3 2021
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Revenue by segment

Ameren · $1.83B total across 4 segments · Q3 2021

  • Ameren Missouri
    $1.11B+13.1%
  • Ameren Illinois Electric Distribution
    $428M+9.5%
  • Ameren Transmission
    $160M+13.5%
  • Ameren Illinois Natural Gas
    $127M+4.1%

Forward guidance

Ameren raised its 2021 earnings guidance range to $3.75 to $3.95 per diluted share, compared to the prior range of $3.65 to $3.85 per diluted share. Earnings guidance for 2021 assumes normal temperatures for the last three 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 Q3 2021

Historical avgQ3 2021

+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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