Ameren Delivers Q2 2026 EPS of $1.13, Reaffirms Full-Year Outlook, and Lays Out a $33.1B Capital Blueprint
AEE is trading near its 52-week low of $96.57 (13% above the low) on light trading volume (0.4× avg).
Summary
Ameren posted higher Q2 earnings, reaffirmed its 2026 outlook, and provided extensive updates on regulatory filings, generation projects, and its $33.1 billion capital investment plan through 2030.
Key Events · Earnings and Guidance · AEE
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Q2 Earnings Rise
Diluted EPS reached $1.13, up from $1.01 a year ago, on net income of $314 million. The improvement reflects the benefits of infrastructure investments and new rate structures.
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Full-Year Guidance Reaffirmed
Ameren reaffirmed its 2026 EPS guidance range of $5.25 to $5.45, consistent with the outlook provided in the Q2 earnings release on July 30, 2026.
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$343M Missouri Electric Rate Case Filed
Ameren Missouri filed a request with the MoPSC for a $343 million annual revenue increase, based on a 10.25% ROE and a $16.7 billion rate base. A decision is expected by May 2027.
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$33.1B Five-Year Capital Plan
Ameren expects to invest up to $33.1 billion from 2026 through 2030 across its utilities, with $22.2 billion at Ameren Missouri, $8.3 billion at Ameren Illinois, and $2.6 billion at ATXI.
Analysis · AEE · Energy & Transportation
Driven by infrastructure investments and new rate structures, Ameren's second-quarter 2026 earnings climbed to $1.13 per share from $1.01 a year ago. Management reaffirmed its full-year 2026 EPS guidance of $5.25 to $5.45. The filing also highlights a $343 million Missouri electric rate case, a $33.1 billion five-year capital plan, and significant updates on generation and transmission projects. Together, these developments underscore the company's growth trajectory and regulatory execution, offering investors a comprehensive view of the utility's infrastructure buildout.
At the time of this filing, AEE was trading at $108.90 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $30.1B. The 52-week trading range was $96.57 to $118.32. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.