earnings
confidence high
sentiment positive
materiality 0.60
Ameren Q2 2024 EPS $0.97, up 7.8% YoY; reaffirms FY 2024 guidance $4.52-$4.72
AMEREN CORP
2024-Q2 EPS reported
$1.95
revenue$3,509,000,000
- Net income $258M vs $237M YoY; diluted EPS $0.97 vs $0.90.
- Operating revenues $1.693B (electric $1.521B, natural gas $172M).
- 2024 EPS guidance reaffirmed at $4.52–$4.72 per share, assumes normal H2 weather.
- Earnings driven by higher electric retail sales from warmer spring and new rates.
- Partially offset by higher interest expense and operations & maintenance costs.