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Jun 30, 2023

Ameren Q2 2023 Earnings Report

Ameren's Q2 2023 earnings were announced, showing an increase in net income and EPS compared to Q2 2022, driven by infrastructure investments and lower expenses.

Key Takeaways

Ameren Corporation reported a net income attributable to common shareholders of $237 million, or $0.90 per diluted share, for the second quarter of 2023, compared to $207 million, or $0.80 per diluted share, for the same period in 2022. The results were driven by increased infrastructure investments and lower operations and maintenance expenses. The company reaffirmed its 2023 earnings guidance range of $4.25 to $4.45 per diluted share.

Second quarter diluted earnings per share were $0.90 in 2023 compared to $0.80 in 2022.

Net income attributable to common shareholders increased to $237 million in Q2 2023 from $207 million in Q2 2022.

Earnings were positively impacted by lower Ameren Missouri and Ameren Illinois Natural Gas operations and maintenance expenses.

Ameren Illinois Electric Distribution earnings increased due to a higher allowed return on equity (ROE).

Total Revenue
$1.76B
Previous year: $1.73B
+2.0%
EPS
$0.9
Previous year: $0.8
+12.5%
Gross Profit
$788M
Previous year: $754M
+4.5%
Cash and Equivalents
$7M
Previous year: $7M
+0.0%
Free Cash Flow
-$276M
Previous year: -$280M
-1.4%
Total Assets
$38.9B
Previous year: $37.1B
+5.0%

Ameren

Ameren

Ameren Revenue by Segment

Forward Guidance

Ameren reaffirmed its 2023 earnings guidance range of $4.25 to $4.45 per diluted share. Earnings guidance for 2023 assumes normal temperatures for the last six months of the year and is subject to the effects of various factors.

Revenue & Expenses

Visualization of income flow from segment revenue to net income