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Mar 31, 2021

Ameren Q1 2021 Earnings Report

Ameren's first quarter earnings per share increased due to solid execution of the company's strategy.

Key Takeaways

Ameren Corporation reported first quarter 2021 net income attributable to common shareholders of $233 million, or $0.91 per diluted share, compared to first quarter 2020 net income attributable to common shareholders of $146 million, or $0.59 per diluted share. The company affirmed its 2021 earnings guidance range of $3.65 to $3.85 per diluted share.

First Quarter Diluted Earnings Per Share were $0.91 in 2021 vs. $0.59 in 2020

Earnings were positively impacted by new Ameren Missouri electric service rates effective April 1, 2020, and higher Ameren Missouri electric retail sales.

Ameren Illinois Natural Gas Distribution earnings increased due to a change in rate design and higher delivery service rates effective in late January 2021.

Guidance Range for 2021 Affirmed at $3.65 to $3.85 per Diluted Share

Total Revenue
$1.57B
Previous year: $1.44B
+8.8%
EPS
$0.91
Previous year: $0.59
+54.2%
Gross Profit
$725M
Previous year: $621M
+16.7%
Cash and Equivalents
$6M
Previous year: $42M
-85.7%
Free Cash Flow
-$922M
Previous year: -$346M
+166.5%
Total Assets
$32.8B
Previous year: $29.3B
+12.0%

Ameren

Ameren

Ameren Revenue by Segment

Forward Guidance

Ameren affirmed its 2021 earnings guidance range of $3.65 to $3.85 per diluted share. Earnings guidance for 2021 assumes normal temperatures for the last nine months of the year and is subject to the effects of, among other things: the impacts of COVID-19; 30-year U.S. Treasury bond yields; regulatory, judicial and legislative actions; energy center and energy distribution operations; energy, economic and capital market conditions; severe storms; unusual or otherwise unexpected gains or losses; and other risks and uncertainties.

Revenue & Expenses

Visualization of income flow from segment revenue to net income