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Ameren AEE Union Electric Company — External revenues

Other segment segments

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$572M
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$436M+6.1%
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$166M
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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:RevenueFromContractWithCustomerIncludingAssessedTax.

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 — external revenues?
Ameren (AEE) reported union electric company — external revenues of $920M in Q1 2026.
How has Ameren's union electric company — external revenues changed year-over-year?
Ameren's union electric company — external revenues decreased by 3.2% year-over-year, from $950M to $920M.
What is the long-term trend for Ameren's union electric company — external revenues?
Over 4 years (2021 to 2025), Ameren's union electric company — external revenues has grown at a 9.5% compound annual growth rate (CAGR), from $3.31B to $4.76B.
What does union electric company — external revenues mean?
This metric represents the total revenue generated by the Union Electric Company segment from transactions with parties outside of the consolidated Ameren entity. It reflects the core market demand for electricity and natural gas services provided to retail and wholesale customers in the segment's service territory. This figure is a primary indicator of the segment's top-line growth and market penetration.