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Ameren AEE Union Electric Company — CapEx

Other segment segments

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$72M+22.0%

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Other financials

Income statement

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Revenue$2.2B+3.8%
Gross profit$1.8B+19.9%
Operating income$532.0M+23.7%
Net income$358.0M+23.4%
EPS (diluted)$1.28+19.6%

Balance sheet

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Cash & equivalents$485.0M+29.0%
Total debt$20.2B+2.9%
Total equity$13.6B+10.9%
Total assets$49.8B+9.2%

Cash flow

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Operating cash flow$421.0M-2.3%
CapEx$1.6B+47.9%
Free cash flow-$1.2B-82.1%

Valuation

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Market cap$32.75B+25.3%
Enterprise value$52.44B+14.8%
P/E21.4×+0.2×
P/S3.7×+0.6×

Profitability

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Gross margin82.2%+3.0pp
Operating margin24%+4.0pp
Net margin17.2%+1.9pp
FCF margin-18.1%-3.0pp

Returns & leverage

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Return on equity11.9%+1.6pp
Debt / equity1.5×-0.1×
Current ratio0.6×-0.2×

Where this comes from

Reported directly by Ameren in its filing.

Tagged under the XBRL concept us-gaap:PaymentsToAcquireProductiveAssets.

The official record: Ameren’s 10-Q, filed May 8, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Ameren's union electric company — capex?
Ameren (AEE) reported union electric company — capex of $1.09B in Q1 2026.
How has Ameren's union electric company — capex changed year-over-year?
Ameren's union electric company — capex increased by 65.8% year-over-year, from $658M to $1.09B.
What is the long-term trend for Ameren's union electric company — capex?
Over 4 years (2021 to 2025), Ameren's union electric company — capex has grown at a 5.6% compound annual growth rate (CAGR), from $2.02B to $2.5B.
What does union electric company — capex mean?
The total funds invested by the Union Electric Company segment to acquire, upgrade, or maintain physical assets such as power plants, transmission lines, and distribution infrastructure. These investments are critical for ensuring grid reliability and regulatory compliance.