Ameren Corporation (AEE)

AEE Income Statement

Revenue, expenses, and profitability analysis

AEE Quarterly Income Statement (USD)

Quarterly Report	TTM	03/31/2026	12/31/2025	09/30/2025	06/30/2025	03/31/2025	12/31/2024	09/30/2024	06/30/2024
Revenue	8.878B	2.176B	1.782B	2.699B	2.221B	2.097B	1.941B	2.173B	1.693B
Cost of Goods Sold	5.382B	1.095B	1.284B	1.710B	1.293B	1.156B	1.147B	1.049B	825.000M
Gross Profit	3.496B	1.081B	498.000M	989.000M	928.000M	941.000M	794.000M	1.124B	868.000M
Gross Profit Margin	49.7%	49.7%	27.9%	36.6%	41.8%	44.9%	40.9%	51.7%	51.3%
Total Operating Expenses	1.368B	549.000M	138.000M	164.000M	517.000M	511.000M	596.000M	538.000M	507.000M
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-76.000M	-76.000M
Operating Income (EBIT)	2.128B	532.000M	360.000M	825.000M	411.000M	430.000M	198.000M	586.000M	361.000M
Operating Margin	24.4%	24.4%	20.2%	30.6%	18.5%	20.5%	10.2%	27.0%	21.3%
Income Before Tax (EBT)	1.675B	418.000M	244.000M	693.000M	320.000M	340.000M	151.000M	514.000M	299.000M
Interest Income	39.000M	9.000M	10.000M	10.000M	10.000M	11.000M	12.000M	8.000M	13.000M
Interest Expense	805.000M	204.000M	206.000M	208.000M	187.000M	175.000M	171.000M	173.000M	165.000M
Other Income/Expense	-453.000M	-114.000M	-116.000M	-132.000M	-91.000M	-90.000M	-47.000M	-72.000M	-62.000M
Net Income	1.524B	357.000M	252.000M	640.000M	275.000M	289.000M	207.000M	456.000M	258.000M
Income Tax Expense	147.000M	61.000M	-9.000M	52.000M	43.000M	50.000M	-57.000M	57.000M	39.000M
Net Profit Margin	16.4%	16.4%	14.1%	23.7%	12.4%	13.8%	10.7%	21.0%	15.2%
EBITDA	4.091B	1.020B	850.000M	1.316B	905.000M	930.000M	787.000M	1.090B	865.000M
EBITDA Margin	46.9%	46.9%	47.7%	48.8%	40.7%	44.3%	40.5%	50.2%	51.1%
Depreciation & Amortization	1.611B	398.000M	400.000M	415.000M	398.000M	415.000M	465.000M	403.000M	401.000M
EPS Basic	5.61	1.29	0.93	2.37	1.02	1.07	0.77	1.71	0.97
EPS Diluted	5.56	1.28	0.92	2.35	1.01	1.07	0.77	1.70	0.97
Shares Outstanding	276.500M	276.500M	271.500M	270.200M	270.100M	270.000M	267.400M	266.600M	266.700M
Diluted Shares Outstanding	278.400M	278.400M	273.700M	271.700M	271.500M	271.400M	268.900M	266.900M	266.800M

AEE Annual Income Statement (USD)

Annual Report	12/31/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018
Revenue	8.799B	7.623B	7.500B	7.957B	6.394B	5.794B	5.910B	6.291B
Cost of Goods Sold	6.196B	3.970B	4.033B	4.614B	3.403B	2.936B	3.167B	3.496B
Gross Profit	2.603B	3.653B	3.467B	3.343B	2.991B	2.858B	2.743B	2.795B
Gross Profit Margin	29.6%	47.9%	46.2%	42.0%	46.8%	49.3%	46.4%	44.4%
Total Operating Expenses	577.000M	2.137B	1.909B	1.828B	1.658B	1.558B	1.476B	1.438B
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	0.00	0.00	-295.000M	-184.000M	-136.000M	0.00	-90.000M	-70.000M
Operating Income (EBIT)	2.026B	1.516B	1.558B	1.515B	1.333B	1.300B	1.267B	1.357B
Operating Margin	23.0%	19.9%	20.8%	19.0%	20.8%	22.4%	21.4%	21.6%
Income Before Tax (EBT)	1.597B	1.270B	1.340B	1.255B	1.152B	1.032B	1.016B	1.058B
Interest Income	41.000M	41.000M	33.000M	35.000M	27.000M	29.000M	33.000M	33.000M
Interest Expense	776.000M	663.000M	566.000M	486.000M	383.000M	419.000M	381.000M	401.000M
Other Income/Expense	-429.000M	-246.000M	-218.000M	-260.000M	-181.000M	-268.000M	-251.000M	-299.000M
Net Income	1.456B	1.182B	1.152B	1.074B	990.000M	871.000M	828.000M	815.000M
Income Tax Expense	136.000M	83.000M	183.000M	176.000M	157.000M	155.000M	182.000M	237.000M
Net Profit Margin	16.5%	15.5%	15.4%	13.5%	15.5%	15.0%	14.0%	13.0%
EBITDA	4.041B	3.538B	3.406B	3.179B	2.812B	2.604B	2.478B	2.492B
EBITDA Margin	45.9%	46.4%	45.4%	40.0%	44.0%	44.9%	41.9%	39.6%
Depreciation & Amortization	1.668B	1.605B	1.500B	1.438B	1.277B	1.153B	1.081B	1.033B
EPS Basic	5.38	4.43	4.38	4.16	3.86	3.53	3.37	3.34
EPS Diluted	5.35	4.42	4.38	4.14	3.84	3.50	3.35	3.32
Shares Outstanding	270.500M	266.800M	262.800M	258.400M	256.300M	247.000M	245.600M	243.800M
Diluted Shares Outstanding	272.200M	267.400M	263.400M	259.500M	257.600M	248.700M	247.100M	245.800M

Values are displayed in USD. Negative numbers shown in red.

Values are displayed in USD. Negative numbers are shown in red.

About Ameren Corporation

Operating across the United States, Ameren Corporation functions as a utility holding company. The enterprise organizes its operations into four primary divisions: Ameren Missouri, Ameren Illinois Electric Distribution, Ameren Illinois Natural Gas, and Ameren Transmission. Its fundamental business involves the rate-regulated production, transmission, and supply of electricity, in addition to the rate-regulated distribution and transmission of natural gas. Ameren generates power using a variety of sources, including coal, nuclear energy, and natural gas, supplemented by renewable alternatives such as hydroelectric, wind, methane gas, and solar. Its customer base encompasses residential homes, commercial businesses, and industrial operations. Established in 1881, Ameren Corporation is headquartered in St. Louis, Missouri.

Saint Louis, MO

8,981 employees

www.amereninvestors.com

Utilities / Regulated Electric

Sector: Utilities
Industry: Regulated Electric
CEO: Martin J. Lyons Jr.

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