AEE · 10-Q · 2026Q3 · Full report

Net Income and EPS Performance

AMEREN CORP · 2026-11-06 · Importance 29 · Surprise 22 · From source text

Ameren net income attributable to common shareholders increased 6% to $676 million in the three months ended September 30, 2026, and 12% to $1.347 billion in the nine months ended September 30, 2026. Diluted EPS rose 7 cents to $2.42 for the quarter and 40 cents to $4.83 for the nine-month period. Nine-month earnings increases included $105 million at Ameren Missouri, $24 million at Ameren Illinois Electric Distribution, and $19 million at Ameren Illinois Natural Gas, partly offset by a $22 million decline at Ameren Transmission. Higher Ameren Missouri operating and maintenance expense reduced diluted EPS by 24 cents year to date, while increased financing costs reduced it by 9 cents.

Key facts

• For the nine months ended September 30, 2026, net income attributable to Ameren common shareholders was $1,347 million, or $4.83 per diluted share, compared with $1,204 million, or $4.43 per diluted share, in 2025.
• For the three months ended September 30, 2026, net income attributable to Ameren common shareholders was $676 million, or $2.42 per diluted share, compared with $640 million, or $2.35 per diluted share, in 2025.
• Ameren’s net income attributable to common shareholders increased $143 million and diluted EPS increased 40 cents in the nine months ended September 30, 2026, compared with 2025.
• Ameren Missouri other operations and maintenance expenses increased $14 million and $72 million in the three and nine months ended September 30, 2026, respectively.
• Ameren’s net income attributable to common shareholders increased $36 million and diluted EPS increased 7 cents in the three months ended September 30, 2026, compared with 2025.
• In the three and nine months ended September 30, 2026, increased equity method investment earnings contributed 9 cents and 18 cents per share, respectively, compared with a net loss on those investments in 2025.
• Ameren Missouri non-nuclear generation operations and maintenance expenses increased $5 million and $25 million in the three and nine months ended September 30, 2026, respectively, primarily due to reliability measures at Labadie and Sioux energy centers.
• Ameren Missouri transmission and distribution expenditures, excluding major storm expenses, increased $6 million and $20 million in the three and nine months ended September 30, 2026, respectively, largely due to vegetation management.

Impact estimates