Ameren Corporation (AEE) Earnings Call Transcripts

Ameren Corporation's Latest Earnings Call - Q3 FY2026

In the third quarter of 2026, Ameren Corporation reported earnings of $2.42 per share, an increase from $2.17 in the same period last year, driven by higher sales and favorable weather conditions. The company raised its 2026 earnings per share guidance to a range of $5.35 to $5.55, reflecting strong year-to-date performance. Additionally, Ameren provided a positive outlook for 2027, projecting earnings per share between $5.70 and $5.90, indicating a compound annual growth rate of 8.4% compared to the revised 2026 guidance midpoint.

Reported metrics

Guidance from management

Ameren raised its 2026 EPS guidance to $5.35 to $5.55 and expects 2027 EPS to be in the range of $5.70 to $5.90, reflecting solid growth prospects driven by infrastructure investments and customer demand.

What management said

Yes, Richard, that's exactly the way I'm thinking about it. Over time, if we're able to sign additional ESAs, I look at it as really strengthening the EPS growth rate in the outer years of this 5-year plan and lengthening the period of this strong growth. So I think you've got it right. It's really about lengthening and strengthening as we look ahead to future ESAs. As I said before, again, I think we've been appro...

Well, I'll let you do the math on that. I think what you'd see is that it provides very good growth beyond the 5-year period, again, lengthening the strong EPS growth rates that we've had, frankly, over the past decade into the next decade. And as I mentioned before, I see upside to that $90 billion as we look out over time as well.

What analysts pressed on

Analysts expressed concerns regarding the potential for construction delays impacting large load customer sales and the overall execution risk associated with the ambitious infrastructure investment plan. There were also inquiries about the regulatory outlook and its implications for future revenue.

Main topics on the call

• Earnings Guidance Increase — Ameren raised its 2026 earnings per share guidance to a range of $5.35 to $5.55, up from $5.25 to $5.45. This adjustment reflects 'strong year-to-date performance' and is supported by favorable weather and operational im...
• Long-Term Growth Outlook — Management indicated an expected compound annual earnings per share growth of 8% to 10% from 2027 through 2031, driven by robust economic development and strategic investments. This long-term outlook is underpinned by '2...
• Infrastructure Investment Plan — Ameren plans to invest $38.1 billion in energy infrastructure over the next five years, aiming for a 13.3% compound annual rate base growth. This investment is critical to meet increasing energy needs and improve system ...
• Sales Growth Expectations — The company anticipates 12.9% compound annual sales growth in Missouri from 2027 through 2031, supported by existing electric service agreements. This growth is expected to be 'consistent with our preferred resource plan...

Read the full Ameren Corporation transcript (Q3 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 33 Ameren Corporation earnings call transcripts on record, spanning February 26, 2020 to November 6, 2026. Based on this history, Ameren Corporation reports quarterly. The most recent call on file is dated November 6, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

AEE

Exchange

NYSE

Country

US

Sector

Utilities

Industry

Multi-Utilities

Calls on record

33

First call

February 26, 2020

Most recent

November 6, 2026

Reporting cadence

quarterly