NYSE$AEE

Ameren Corp · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Ameren's Q4 2021 earnings increased due to increased infrastructure investments across all business segments.

Ameren reported net income attributable to common shareholders of $125 million, or 48 cents per diluted share, for the three months ended Dec. 31, 2021, compared to $115 million, or 46 cents per diluted share, for the same period in 2020. The increase was due to increased infrastructure investments across all business segments.

  • 2021 Diluted Earnings Per Share (EPS) were $3.84, Compared to $3.50 in 2020
  • 2022 Diluted EPS Guidance Range Established at $3.95 to $4.15
  • 2022 through 2026 EPS Growth Rate Guidance Established
  • Ameren recorded net income attributable to common shareholders for the three months ended Dec. 31, 2021, of $125 million, or 48 cents per diluted share

Headline financials

Total Revenue

$1.55B

Previous: $1.33B+16.3%
EPS (adj)

$0.48

Previous: $0.46+4.3%
Capital Expenditures

$856M

Previous: $785M+9.0%
Free Cash Flow

-$387M

Previous: -$387M+0.0%
Net Income

$126M

Previous: $116M+8.6%
Operating Income

$197M

Previous: $211M-6.6%
Gross Profit

$607M

Previous: $598M+1.5%
Cash & Equivalents

$8M

Previous: $139M-94.2%
Total Assets

$35.7B

Previous: $32B+11.6%
Stock-Based Comp

$5M

Previous: $5M+0.0%

Revenue & EPS history

Ameren · Revenue · Quarterly

$1.55B

Q4 2021+16.3%vs Q4 2020
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Revenue by segment

Ameren · $1.53B total across 4 segments · Q4 2021

  • Ameren Missouri
    $669M+11.9%
  • Ameren Illinois Electric Distribution
    $412M+12.9%
  • Ameren Illinois Natural Gas
    $315M+38.8%
  • Ameren Transmission
    $136M+10.6%

Forward guidance

Ameren expects 2022 diluted earnings per share to be in a range of $3.95 to $4.15. Ameren expects diluted earnings per share to grow at a 6% to 8% compound annual rate from 2022 through 2026, using the 2022 guidance range midpoint of $4.05 per share as the base.

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 Q4 2021

Historical avgQ4 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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