AEE
FY2026 Q1 · Calendar Q2 2026
Ameren Corporation
Ameren's Q1 2026 results reflect a regulated utility in heavy investment mode. EPS of $1.28 beat consensus by 8.5% and rose from $1.07 a year ago, driven by $1.5 billion of infrastructure spending across electric and gas grids. Revenue of $2.18 billion came in approximately 3% below estimates, partly reflecting warmer-than-normal winter weather that reduced electric retail sales in Missouri. Despite the revenue miss, management reaffirmed 2026 EPS guidance of $5.25-$5.45 and disclosed a $70 billion investment pipeline through 2035. The signing of 2.2 GW of energy services agreements with data centers represents a significant growth vector, with another 1.2 GW under negotiation. The market reaction was negative -- the stock declined 3.2% on an abnormal basis with continued drift -- suggesting investors are weighing near-term revenue softness and regulatory execution risk against the…
EPS surprise+8.5%
Market move-1.8%
