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Ameren
🇺🇸 NYSE:AEE
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•
Mar 31, 2020

Ameren Q1 2020 Earnings Report

Ameren's first quarter earnings decreased compared to the same period last year, but the company affirmed its 2020 earnings guidance.

Key Takeaways

Ameren Corporation reported a decrease in net income attributable to common shareholders for the first quarter of 2020, with earnings per share also declining. The company's results were affected by lower weather-driven retail sales and the absence of energy efficiency performance incentives at Ameren Missouri, as well as lower allowed returns on equity at Ameren Illinois Electric Distribution and Ameren Transmission. Despite these challenges, Ameren reaffirmed its 2020 earnings guidance and long-term earnings growth guidance.

First quarter diluted earnings per share were $0.59 in 2020, compared to $0.78 in 2019.

Net income attributable to common shareholders was $146 million, down from $191 million in the first quarter of 2019.

The company reaffirmed its 2020 earnings guidance range of $3.40 to $3.60 per diluted share.

Ameren also affirmed its 2020 through 2024 compound annual diluted earnings per share growth expectations of 6% to 8%.

Total Revenue
$1.44B
Previous year: $1.56B
-7.5%
EPS
$0.59
Previous year: $0.78
-24.4%
Gross Profit
$621M
Previous year: $662M
-6.2%
Cash and Equivalents
$42M
Previous year: $8M
+425.0%
Free Cash Flow
-$346M
Previous year: -$157M
+120.4%
Total Assets
$29.3B
Previous year: $27.5B
+6.4%

Ameren

Ameren

Ameren Revenue by Segment

Forward Guidance

Ameren reaffirmed its 2020 earnings guidance range of $3.40 to $3.60 per diluted share and its 2020 through 2024 compound annual diluted earnings per share growth expectations of 6% to 8%.

Positive Outlook

  • Remain on track to deliver within our 2020 earnings per share guidance range of $3.40 to $3.60
  • Affirmed 2020 earnings guidance range of $3.40 to $3.60 per diluted share.
  • Affirmed 2020 through 2024 compound annual diluted earnings per share growth expectations of 6% to 8%
  • Expected multi-year earnings growth is expected to be driven by strong projected rate base growth of approximately 9% compounded annually from 2019 through 2024.
  • Managing through an unprecedented time in our country’s and company’s history due to COVID-19.

Challenges Ahead

  • The impacts of COVID-19
  • 30-year U.S. Treasury bond yields
  • Regulatory, judicial and legislative actions
  • Energy center and energy distribution operations
  • Severe storms

Revenue & Expenses

Visualization of income flow from segment revenue to net income

Company Overview

Full financial data and analysis

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