The EPS beat and reaffirmed guidance support a neutral-to-positive near-term reaction, but the revenue miss and weather headwinds could limit upside. Monitor upcoming quarterly filings for load growth trends and regulatory outcomes that could affect the 6-8% long-term EPS growth target.
Price Chart
Executive Summary
Ameren reported Q1 2026 EPS of $1.28, beating consensus of $1.17 by 9.4%, while revenue of $2.176B slightly missed the $2.25B estimate. Management reaffirmed the full-year 2026 EPS guidance range of $5.25-$5.45, maintaining the 6-8% long-term growth trajectory. All operating segments posted year-over-year earnings growth, driven by infrastructure investments, partially offset by warmer winter weather affecting retail electricity sales.
Key Financial Metrics
Key Facts
- Q1 2026 GAAP diluted EPS $1.28 vs $1.07 in Q1 2025
- Beat consensus EPS estimate of $1.17 by 9.4%
- Total operating revenue $2,176M vs $2,097M YoY, up 3.8%
- Reaffirmed 2026 EPS guidance range $5.25-$5.45
- Ameren Missouri earnings more than doubled to $76M vs $42M YoY
- Operating cash flow $421M vs $431M in prior-year quarter
- Capital expenditures increased to $1,574M from $1,064M YoY
Financial Impact
EPS beat consensus by $0.11 per share; revenue miss of ~$74M vs consensus
Risk Factors
- Warmer-than-normal winter weather reducing electric retail sales
- Higher interest expense pressuring net income
- Regulatory proceedings affecting rate recovery and allowed ROE
- Execution risk on $31.8B infrastructure investment plan
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 7 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001002910-26-000013 |
| Document: q12026ex992earningsrelease.htm | 0001002910-26-000013 |
| Document: aee-20260505.htm | 0001002910-26-000013 |
| Document: 0001002910-26-000013-index-headers.html | 0001002910-26-000013 |
| Document: 0001002910-26-000013-index.html | 0001002910-26-000013 |
| Document: 0001002910-26-000013.txt | 0001002910-26-000013 |
| 8-K Data (Synthetic) | 0001002910-26-000013 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 24, 2026 5w ago | 8-K | $107.16 $101.66 | ▼ −5.13% | ▼ −6.45% | $100.13 (−6.56%) |
Aug 17, 2026 6w ago | Press Release | $109.67 $103.75 | ▼ −5.40% | ▼ −4.41% | $100.13 (−8.70%) |
Aug 14, 2026 7w ago | Press Release | $109.74 $103.97 | ▼ −5.26% | ▼ −3.27% | $100.13 (−8.76%) |
Aug 4, 2026 8w ago | 424B5 | $108.95 $105.89 | ▲ +2.81% | ▲ +2.21% | $100.13 (+8.10%) |
Aug 4, 2026 8w ago | S-3ASR | $109.44 $106.09 | ▼ −3.06% | ▼ −1.82% | $100.13 (−8.51%) |
Aug 4, 2026 8w ago | Institutional Cluster | $109.44 $106.09 | ▼ −3.06% | ▼ −1.82% | $100.13 (−8.51%) |
Jul 30, 2026 9w ago | Press Release | $109.61 $106.12 | ▼ −3.18% | ▼ −6.17% | $100.13 (−8.65%) |
Jul 9, 2026 12w ago | Press Release | $112.94 $108.84 | ▼ −3.63% | ▼ −6.06% | $100.13 (−11.34%) |
Jun 29, 2026 13w ago | 8-K | $114.59 $113.78 | ▼ −0.71% | ▼ −0.43% | $100.13 (−12.62%) |
Jun 26, 2026 13w ago | 8-K | $114.59 $113.78 | ▼ −0.71% | ▼ −0.43% | $100.13 (−12.62%) |
US Market Status
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