AEE · 10-Q · 2026Q3 · Full report

Debt and Liquidity Position

AMEREN CORP · 2026-11-06 · Importance 44 · Surprise 24 · In source text

Ameren issued $3.2 billion of long-term debt in the first nine months of 2026 and used the net proceeds to repay short-term debt, including borrowing used to refinance $350 million of long-term maturities, and for general corporate purposes. Ameren’s consolidated net available liquidity was $2.71 billion at September 30, 2026, including $2.67 billion from available credit agreement capacity and cash and cash equivalents. Its credit agreements provide $3.2 billion of credit through December 2030. Ameren, Ameren Missouri, and Ameren Illinois reported compliance with applicable debt covenants at September 30, 2026.

Key facts

• Ameren’s Credit Agreements provide $3.2 billion of credit until maturity in December 2030.
• The Ameren Companies’ multiyear credit agreements provide a cumulative $3.2 billion of credit through December 2030, with the option to seek incremental commitments to increase it to $4.0 billion.
• Ameren used $3.2 billion of net long-term debt issuance proceeds during the first nine months of 2026 to repay outstanding short-term debt, including short-term debt used to refinance $350 million of long-term debt maturities, and for general corporate purposes.
• Ameren’s cash provided by financing activities increased $1.2 billion in the first nine months of 2026 compared with the year-ago period.
• Ameren repaid net short-term debt of $147 million during the first nine months of 2026.
• Increased financing costs reduced diluted EPS by 5 cents and 9 cents per share in the three and nine months ended September 30, 2026, respectively, primarily at Ameren Missouri and Ameren parent due largely to higher rates on higher long-term debt balances.
• As of September 30, 2026, the Ameren Companies were in compliance with applicable credit agreement, indenture, and articles-of-incorporation provisions and covenants, and ATXI was in compliance with its note purchase agreement provisions and covenants.

Impact estimates