Ameren Q3 2020 Earnings Report
Key Takeaways
Ameren Corporation reported net income attributable to common shareholders of $367 million, or $1.47 per diluted share, for the third quarter of 2020, matching the $364 million, or $1.47 per diluted share, from the third quarter of 2019. Earnings were driven by increased infrastructure investments and disciplined cost management, offset by lower electric retail sales due to milder temperatures and the impact of COVID-19.
Third quarter diluted earnings per share were $1.47 in 2020, matching the $1.47 in 2019.
Earnings were positively impacted by new Ameren Missouri electric service rates and lower operations and maintenance expenses.
These favorable factors were mostly offset by lower Ameren Missouri electric retail sales due to milder temperatures and the impact of COVID-19.
2020 earnings guidance range narrowed to $3.40 to $3.55 per diluted share from $3.40 to $3.60.
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Ameren
Ameren Revenue by Segment
Forward Guidance
Ameren narrowed its 2020 earnings guidance range to $3.40 to $3.55 per diluted share compared to the prior range of $3.40 to $3.60. Earnings guidance for 2020 assumes normal temperatures for the last three 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