Ameren Corporation: Beat — EPS $2.42, Revenue $2.88B
Earnings BeatQ3 2026 · After-market
Did Ameren Corporation (AEE) beat earnings?
Yes, Ameren Corporation (AEE) beat Wall Street analyst expectations for Q3 2026, reporting higher-than-expected EPS and higher-than-expected revenue.
Earnings Per Share+5.68% surprise
$2.42Actual
Expected: $2.29
vs. year ago +11.5%
Total Revenue+1.84% surprise
$2.88BActual
Expected: $2.83B
vs. year ago +6.8%
Released Nov 05 · 4:30 PM ET
Earning Report
| Metric | Q3 2026 | Q3 2025 | YoY Change % |
|---|---|---|---|
| Revenue | $2.88B | $2.70B | +6.8% |
| Revenue detail — reported lines | |||
| └─Electric | $2.72B | $2.56B | +6.2% |
| └─Natural gas | $160.00M | $136.00M | +17.6% |
| GAAP Basic EPS | $2.44 | $2.37 | +3.0% |
| GAAP Diluted EPS | $2.42 | $2.35 | +3.0% |
| Adjusted Diluted EPS | $2.42 | $2.17 | +11.5% |
| Net Income | $676.00M | $640.00M | +5.6% |
Financial Outlook / Guidance
| Metric | FY26 Outlook | FY27 Outlook | ||
|---|---|---|---|---|
| Guidance | Expected | Guidance | Expected | |
| Diluted EPS | $5.35 to $5.55 (prev. $5.25 to $5.45 | $5.40In-Line | $5.70 to $5.90 | $5.80In-Line |
| EPS CAGR | — | — | 8% to 10% (2027-2031 | — |
| Infrastructure Investments | — | — | $38.1 billion (2026-2031 | — |
| Rate Base Growth | — | — | approximately 13.3% (2026-2031 | — |
| Dividend Payout Ratio | — | — | 45% to 55% | — |
FY26 Outlook
- Diluted EPS
- Guidance$5.35 to $5.55(prev. $5.25 to $5.45Expected$5.40In-Line
- EPS CAGR
- Guidance—Expected—
- Infrastructure Investments
- Guidance—Expected—
- Rate Base Growth
- Guidance—Expected—
- Dividend Payout Ratio
- Guidance—Expected—
FY27 Outlook
- Diluted EPS
- Guidance$5.70 to $5.90Expected$5.80In-Line
- EPS CAGR
- Guidance8% to 10%(2027-2031Expected—
- Infrastructure Investments
- Guidance$38.1 billion(2026-2031Expected—
- Rate Base Growth
- Guidanceapproximately 13.3%(2026-2031Expected—
- Dividend Payout Ratio
- Guidance45% to 55%Expected—
Business Highlights
- ➤Invested in critical energy infrastructure to improve reliability, resiliency and service quality.
- ➤Advanced investments in innovative energy technologies.
- ➤Ameren Missouri filed an electric-service regulatory rate review with the MoPSC in June 2026.
- ➤Large-load customers signed electric-service agreements with Ameren Missouri in 2026.
- ➤Ameren Illinois filed its electric-distribution reconciliation adjustment review with the ICC in April 2026.
- ➤Ameren Illinois natural-gas service rates became effective December 2, 2025.
- ➤Ameren Missouri serves electric generation, transmission, distribution and natural-gas distribution customers.
- ➤Ameren Transmission develops, owns and operates rate-regulated regional electric-transmission projects in MISO.
Management Commentary
Martin J. Lyons, Jr., chairman, president and chief executive officer of Ameren Corporation
“Our third-quarter results were driven by continued execution of our strategy and disciplined investment in critical energy infrastructure to deliver reliable energy for our customers at the lowest cost possible. We are well positioned to meet growing energy needs, support significant economic development across our region and deliver lasting benefits for the customers and communities we serve.”
Martin J. Lyons, Jr., chairman, president and chief executive officer of Ameren Corporation
“Our strong year-to-date performance gives us confidence to raise our 2026 earnings guidance. As we look to 2027, we'll continue executing our strategy and investing in energy infrastructure to deliver long-term value for customers and shareholders.”
Martin J. Lyons, Jr., chairman, president and chief executive officer of Ameren Corporation
“Our updated long-term outlook reflects the significant investments needed to serve growing demand from large customers and support economic growth across our region. By strengthening and expanding the energy grid, we can meet that demand while delivering lasting value for our customers, communities and shareholders. We are well positioned to execute our strategy while keeping our customers at the center of everything we do.”