NYSE$AEE

Ameren Corp · Q4 2024 earnings

Q4 2024 earnings · · After market close · Investor relations

Briefing

Ameren reported strong Q4 2024 results with increased revenue and earnings.

Ameren saw significant growth in Q4 2024, driven by higher infrastructure investments, lower operational costs, and increased retail electric sales. However, rising interest expenses and a lower return on equity at Ameren Illinois Electric Distribution partially offset gains.

  • Q4 2024 revenue increased by 19.96% YoY to $1.94 billion.
  • Net income rose to $207 million, a 30.97% YoY increase.
  • EPS grew 28.33% YoY to $0.77.
  • Operating margin declined to 10.20% due to higher interest expenses.

Headline financials

Total Revenue

$1.94B

Previous: $1.62B+20.0%
EPS (adj)

$0.77

Previous: $0.60+28.3%
Electric Sales (kWh)

15.9B

No prior period
Gas Sales (dekatherms)

53.0M

No prior period
Capital Expenditures

-$1.32B

Previous: -$1.14B-16.4%
Net Income

$207M

Previous: $159M+30.2%
Operating Income

$198M

Previous: $264M-25.0%
Gross Profit

$1.94B

Previous: $388M+400.3%

Revenue & EPS history

Ameren · Revenue · Quarterly

$1.94B

Q4 2024+20%vs Q4 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 2025 EPS guidance of $4.85 to $5.05 and expects 6%-8% CAGR in diluted EPS from 2025-2029.

Tailwinds

  • Continued investment in infrastructure and modernization.
  • Projected rate base growth of 9.2% CAGR from 2024-2029.
  • Disciplined cost management to enhance profitability.
  • Strong balance sheet supporting long-term investments.
  • Expected EPS growth of 6%-8% annually through 2029.

Headwinds

  • Higher interest expenses may impact profitability.
  • Lower ROE at Ameren Illinois Electric Distribution.
  • Regulatory uncertainties could affect earnings outlook.
  • Potential impacts from economic and energy market conditions.
  • Rising debt levels could pressure financial flexibility.

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 2024

Historical avgQ4 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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