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Dec 31, 2022
Ameren Q4 2022 Earnings Report
Ameren's Q4 2022 earnings increased compared to the same period in 2021, driven by increased infrastructure investments across all business segments and higher weather-driven electric retail sales at Ameren Missouri.
Key Takeaways
Ameren Corporation reported net income attributable to common shareholders of $163 million, or 63 cents per diluted share, for the three months ended December 31, 2022, compared to $125 million, or 48 cents per diluted share, for the same period in 2021. The increase was primarily due to increased infrastructure investments and higher weather-driven electric retail sales.
2022 Diluted Earnings Per Share (EPS) were $4.14, Compared to $3.84 in 2021.
2023 Diluted EPS Guidance Range Established at $4.25 to $4.45.
2023 through 2027 Diluted EPS Compound Annual Growth Rate Guidance of 6% to 8% using 2023 Guidance Midpoint as a Base.
The year-over-year increase in fourth quarter 2022 earnings was due to increased infrastructure investments across all of our business segments.
Ameren
Ameren
Ameren Revenue by Segment
Revenue by Segment
Ameren Missouri Revenue
CapyFin.comAmeren Illinois Electric Dist. Revenue
CapyFin.comAmeren Transmission Revenue
CapyFin.comAmeren Illinois Natural Gas Revenue
CapyFin.com Forward Guidance
Ameren expects 2023 diluted earnings per share to be in a range of $4.25 to $4.45. Ameren expects diluted earnings per share to grow at a 6% to 8% compound annual rate from 2023 through 2027, using the 2023 guidance range midpoint of $4.35 per share as the base. Ameren's multi-year earnings growth is expected to be driven by strong projected rate base growth of approximately 8% compounded annually from 2022 through 2027.
Positive Outlook
- Investments to modernize the energy grid
- Transition to a cleaner energy portfolio in a responsible fashion.
- Relentless focus on disciplined cost management
- Deliver superior and consistent value to our customers
- Deliver value to the communities we serve, our shareholders and the environment
Challenges Ahead
- 30-year U.S. Treasury bond yields in 2023
- regulatory, judicial and legislative actions
- energy center and energy distribution operations
- energy, economic, capital and credit market conditions
- severe storms
Revenue & Expenses
Visualization of income flow from segment revenue to net income