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Dec 31, 2024
Ameren Q4 2024 Earnings Report
Ameren reported strong Q4 2024 results with increased revenue and earnings.
Key Takeaways
Ameren saw significant growth in Q4 2024, driven by higher infrastructure investments, lower operational costs, and increased retail electric sales. However, rising interest expenses and a lower return on equity at Ameren Illinois Electric Distribution partially offset gains.
Q4 2024 revenue increased by 19.96% YoY to $1.94 billion.
Net income rose to $207 million, a 30.97% YoY increase.
EPS grew 28.33% YoY to $0.77.
Operating margin declined to 10.20% due to higher interest expenses.
Revenue by Segment
Forward Guidance
Ameren reaffirmed its 2025 EPS guidance of $4.85 to $5.05 and expects 6%-8% CAGR in diluted EPS from 2025-2029.
Positive Outlook
- Continued investment in infrastructure and modernization.
- Projected rate base growth of 9.2% CAGR from 2024-2029.
- Disciplined cost management to enhance profitability.
- Strong balance sheet supporting long-term investments.
- Expected EPS growth of 6%-8% annually through 2029.
Challenges Ahead
- Higher interest expenses may impact profitability.
- Lower ROE at Ameren Illinois Electric Distribution.
- Regulatory uncertainties could affect earnings outlook.
- Potential impacts from economic and energy market conditions.
- Rising debt levels could pressure financial flexibility.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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