Ameren's fundamental outlook is defined by an aggressive $1.6 billion quarterly capital expenditure program aimed at grid modernization, which serves as the primary engine for long-term rate base expansion.
Price trend, volume and key moving averages
Start with the evidence for owning the stock and the risks that can break the thesis.
Revenue growth remains highly inconsistent, swinging from a 20.9% contraction in 2023Q4 to a 31.2% expansion in 2025Q2, reflecting significant sensitivity to seasonal demand and regulatory rate case timing.
Ameren’s planned capital spend focuses on grid modernization, resilience, and clean‑energy resources. The plan is expected to grow the regulated rate base at a 9.2% CAGR, boosting allowed returns and improving net margins.
Recent regulatory changes in Missouri have opened significant investment opportunities for Ameren. The company has benefited from new rate approvals and infrastructure‑return incentives that support future earnings.
Ameren Missouri has shown strong retail sales growth, with a notable increase across all customer classes. This trend supports higher revenue and margin expansion in the regulated business.
Trailing total returns as of 11/8/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q4 2026Latest Nov 5, 2026 | $2.42+5.7% vs $2.29 | $2.9B+2.1% vs $2.8B |
Q3 2026 Jul 30, 2026 | $1.13+4.6% vs $1.08 | $2.1B-8.0% vs $2.3B |
Q2 2026 May 5, 2026 | $1.28+8.5% vs $1.18 | $2.2B-3.0% vs $2.2B |
Q1 2026 Feb 11, 2026 | $0.78+1.2% vs $0.77 | $1.8B+11.3% vs $1.6B |
Ameren NYSE: AEE raised its 2026 earnings guidance and outlined a $38.1 billion infrastructure investment plan as it prepares for rising electricity demand in Missouri, including from data centers.
While the top- and bottom-line numbers for Ameren (AEE) give a sense of how the business performed in the quarter ended September 2026, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Ameren Corporation ( AEE ) Q3 2026 Earnings Call November 6, 2026 10:00 AM EST Company Participants Andrew Kirk - Senior Director of Investor Relations & Corporate Modeling Martin Lyons - President, CEO & Chairman of the Board Michael Moehn - Group President, Ameren Utilities Leonard Singh - Executive VP & CFO Conference Call Participants Andrew Kadavy - Wells Fargo Securities, LLC, Research Division Carly Davenport - Goldman Sachs Group, Inc., Research Division Richard Sunderland - Truist Securities, Inc., Research Division Julien Dumoulin-Smith - Jefferies LLC, Research Division Diana Niles - JPMorgan Chase & Co, Research Division Presentation Operator Good day, everyone. My name is Ryan, and I will be your conference operator today.
AEE's Q3 earnings beat estimates by 5.7%, prompting higher 2026 guidance as infrastructure investments and stronger electricity sales drive growth.
Benchmark AEE against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for Ameren Corporation (AEE)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $112.85 | $31.23B | 19.68 | 15.43% | 17.9% | 11.55% | 2.5% | |
| $115.87 | $37.74B | 21.04 | 13.96% | 17.54% | 12.45% | 3.02% | |
| $87.54 | $20.18B | 19.49 | 1.65% | 16.7% | 10.18% | 3% | |
| $50.64 | $10.46B | 18.81 | 9.21% | 16.61% | 11.14% | 3.33% | |
| $82.73 | $5.09B | 31.20 | 6.38% | 9.48% | 5.66% | 3.18% | |
| $40.23 | $3.32B | 13.65 | 1.34% | 12.75% | 8.87% | 4.88% |
Ameren Corporation (AEE) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Verify the primary filings, follow material updates, and answer the remaining questions.
Ameren Corporation (AEE) SEC filings — annual & quarterly reports (10-K, 10-Q)
Jul 30, 2026·SEC
Jun 29, 2026·SEC
Jun 26, 2026·SEC
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Ameren Corporation (AEE) stock FAQ — growth, dividends, profitability & financials explained
Ameren Corporation (AEE) reported $8.93B in revenue over the trailing twelve months. Revenue was $8.80B in fiscal year 2025. That is 165% more than the $3.33B of fiscal year 1997.
Ameren Corporation (AEE) revenue fell by 0.3% over the trailing twelve months, compared with the twelve months before.
Yes. Ameren Corporation (AEE) earned $1.60B in net income over the trailing twelve months (a 17.9% net margin).
Yes. Ameren Corporation (AEE) pays a dividend that yields 2.50% at the current price, a moderate yield.
Ameren Corporation (AEE) had a return on equity (ROE) of 11.6% over the trailing twelve months. That is in line with the market's typical 10-15%.
Ameren Corporation (AEE) had negative free cash flow of $1.98B over the trailing twelve months.
Ameren Corporation (AEE) has a dividend payout ratio of 53%. This suggests the dividend is well-covered and sustainable.
