CapEx
Ameren CapEx increased by 55.8% to $1.57B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 47.9%, from $1.06B to $1.57B. Over 4 years (FY 2021 to FY 2025), CapEx shows an upward trend with a 4.4% CAGR.
Analysis
How to read this metric
An increase often signals growth initiatives and capacity expansion, while a decrease may suggest cost-cutting or a shift toward asset-light strategies.
Detailed definition
This metric measures the cash outflows used to acquire, upgrade, and maintain physical assets such as property, building...
Peer comparison
Commonly compared as a percentage of revenue; capital-intensive firms like Abbott require consistent investment to remain competitive in medical technology.
capital_expendituresHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $876.00M | $850.00M | $866.00M | $774.00M | $764.00M | $899.00M | $914.00M | $931.00M | $891.00M | $749.00M | $1.03B | $890.00M | $1.00B | $1.14B | $1.29B | $1.06B | $1.07B | $988.00M | $1.01B | $1.57B |
| QoQ Change | — | -3.0% | +1.9% | -10.6% | -1.3% | +17.7% | +1.7% | +1.9% | -4.3% | -15.9% | +37.0% | -13.3% | +12.6% | +13.5% | +13.5% | -17.5% | +0.2% | -7.3% | +2.2% | +55.8% |
| YoY Change | — | — | — | — | -12.8% | +5.8% | +5.5% | +20.3% | +16.6% | -16.7% | +12.3% | -4.4% | +12.5% | +51.8% | +25.7% | +19.6% | +6.4% | -13.1% | -21.7% | +47.9% |
Business Segments
| Segment | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|---|---|---|
| Union Electric Company | $638.00M | $735.00M | $873.00M | $658.00M | $667.00M | $548.00M | $629.00M | $1.09B |
| Ameren Transmission | $175.00M | $174.00M | — | $173.00M | $158.00M | $174.00M | — | $204.00M |
| Ameren Illinois Electric Distribution | $132.00M | $152.00M | — | $167.00M | $153.00M | $163.00M | — | $196.00M |
| Ameren Illinois Transmission | $153.00M | $139.00M | — | $137.00M | $138.00M | $144.00M | — | $120.00M |
| Ameren Illinois Natural Gas | $59.00M | $83.00M | — | $59.00M | $88.00M | $78.00M | — | $72.00M |
| Ameren Illinois Gas | — | — | $66.00M | — | — | — | $70.75M | — |
| Total | $1.00B | $1.14B | $1.29B | $1.06B | $1.07B | $988.00M | $1.01B | $1.57B |
Ameren Illinois Gas is derived from annual filings.
Ameren Illinois Gas was previously reported and has since been discontinued or reclassified. Only currently active segments are shown in the chart.
CapEx at Other Companies
Frequently Asked Questions
- What is Ameren's capex?
- Ameren (AEE) reported capex of $1.57B in Q1 2026.
- How has Ameren's capex changed year-over-year?
- Ameren's capex increased by 47.9% year-over-year, from $1.06B to $1.57B.
- What is the long-term trend for Ameren's capex?
- Over 4 years (2021 to 2025), Ameren's capex has grown at a 4.4% compound annual growth rate (CAGR), from $3.48B to $4.13B.
- What does capex mean?
- Cash spent on purchasing or maintaining physical assets like machinery and facilities.