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Ameren Income Statement

Revenue, expenses, and profitability over time

Ameren generated $8.9B in trailing twelve-month revenue, up 0.1% year-over-year. Net income was $1.5B with a 17.22% net margin. Gross margin stands at 82.18% and operating margin at 23.97%. Diluted EPS is $5.56, which grew 0.2% year-over-year. Based on the Q1 2026 filing.

Total Revenue (TTM)$8.9BGross Profit (TTM)$7.2BOperating Income (TTM)$2.1BNet Income (TTM)$1.5BEps Diluted (TTM)$5.56
Latest FilingQ1 2026
Report Date2026-05-08
Market Cap$30.0B
P/E Ratio19.59
ROE11.86%

Operating Expenses

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Stock-Based Compensation Expense$7M$7M$7M$7M$7M$8M
Share-Based Compensation Expense$7M$7M$7M$7M$7M$8M
Stock-based compensation expense$7M$7M$7M$7M$7M$8M
Taxes other than income taxes$131M$144M$131M$164M$138M$151M
Fuel and purchased power$527M$502M$794M$768M$242M$433M
Utilities Operating Expense Gas And Petroleum Purchased$106M$169M$39M$25M$115M$171M
Operating and maintenance$514M$485M$460M$502M$527M$491M
Share-Based Compensation$7M$7M$7M$7M$7M$8M
Total operating expenses$1.7B$1.7B$1.8B$1.9B$1.4B$1.6B

Other Income & Expense

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Other Non-Cash Income (Expense)-$21.8M-$15.8M-$15.8M-$15.8M-$15.8M-$9M
Other non-cash income (expense)-$21.8M-$15.8M-$15.8M-$15.8M-$15.8M-$9M
Other Charges$124M$85M$96M$76M$90M$90M
Interest expense$171M$175M$187M$208M$206M$204M
Change in Receivables$22.8M$68M$68M$68M$68M-$41M
OCI Defined Benefit Plans—$0$2M$0-$5M$0
Other Non-Cash Income (Expense)-$21.8M-$15.8M-$15.8M-$15.8M-$15.8M-$9M
Other income (expense), net$124M$85M$96M$76M$90M$90M
Other Non-cash Income (Expense)-$21.8M-$15.8M-$15.8M-$15.8M-$15.8M-$9M
Other Non-Cash Income (Expense)-$21.8M-$15.8M-$15.8M-$15.8M-$15.8M-$9M

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Capital Expenditures$1.1B$1B$1B$1B$1B$1.6B
Change in Other Liabilities$5.5M$26M$26M$26M$26M-$30M
Tax Withholding for Share-Based Payments$2M$3.3M$3.3M$3.3M$3.3M$14M
OCI - Defined benefit plan, net of tax—$0$2M$0-$5M$0
Reclassifications Net of Tax$207M$289M$275M$640M$252M$357M
Other Comprehensive Income (Loss)—$0$2M$0-$5M$0
OCI Defined Benefit Plan Net of Tax—$0$2M$0-$5M$0
Amortization Of Financing Costs And Discounts$4.8M$4.8M$4.8M$4.8M$4.8M$5M
Comprehensive Income (Loss), Net of Tax, Attributable to Parent$211M$285M$271M$640M$266M$355M
Deferred and other income taxes$31.8M$63.3M$63.3M$63.3M$63.3M$56M
Defined Benefit Plan Number of High Quality Bonds Used to Determine Yield Curve215.00—————
Depreciation, Amortization and Accretion, Net$381M$403M$403M$403M$403M$417M
Effective Income Tax Rate Reconciliation, Nondeductible Expense, Amortization of Excess Deferred Taxes, Percent-9.0%—————
Depreciation differences-1.0%—————
Effective Income Tax Rate Reconciliation, Tax Credit, Investment, Percent0.0%—————
Accounts payable and other current liabilities$1M$10.5M$10.5M$10.5M$10.5M-$308M
Increase (Decrease) In Deferred Tax Liabilities$30.8M—————
Increase (Decrease) in Inventories$7.8M$3M$3M$3M$3M-$41M
Increase (Decrease) in Other Operating Assets$8.5M$9M$9M$9M$9M$3M
Other liabilities$5.5M$26M$26M$26M$26M-$30M
Increase (Decrease) in Regulatory Assets and Liabilities-$24.8M-$16.3M-$16.3M-$16.3M-$16.3M$205M
Cash Provided by (Used in) Financing Activity, Including Discontinued Operation$437.3M$221M$221M$221M$221M$1.3B
Cash Provided by (Used in) Investing Activity, Including Discontinued Operation-$1.1B-$1B-$1B-$1B-$1B-$1.6B
Cash Provided by (Used in) Operating Activity, Including Discontinued Operation$690.8M$838.3M$838.3M$838.3M$838.3M$421M
Net gains (losses) deferred$3M-$4M-$2M$0$9M-$2M
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, after Tax—$0$2M$0-$5M$0
Other Noncash Income (Expense)-$21.8M-$15.8M-$15.8M-$15.8M-$15.8M-$9M
Other income, net (Note 6)$124M$85M$96M$76M$90M$90M
Payment Of Financing And Stock Issuance Costs—$11M$3M$3M—$12M
Payment for (Proceeds from) Other Investing Activity$6.5M-$13.3M-$13.3M-$13.3M-$13.3M$7M
Payments of Ordinary Dividends, Common Stock$178.5M$192M$192M$192M$192M$208M
Payment, Tax Withholding, Share-Based Payment Arrangement$2M$3.3M$3.3M$3.3M$3.3M$14M
Payments to Acquire Property, Plant, and Equipment$1.1B$1B$1B$1B$1B$1.6B
Payments to Acquire Investments to be Held in Decommissioning Trust Fund$146M$110M$110M$110M$110M$87M
Proceeds from Issuance of Common Stock$68.3M$143.5M$143.5M$143.5M$143.5M$12M
Debt issued (Note 13)$633.8M$490M$490M$490M$490M$1.3B
Proceeds from (Repayments of) Short-Term Debt$151.8M-$124.8M-$124.8M-$124.8M-$124.8M$534M
Allowance for Funds Used During Construction, Equity$19M$22M$22M$22M$22M$31M
Repayments of Long-Term Debt—$300M$24M——$350M
Stock-based compensation$7M$7M$7M$7M$7M$8M
Taxes other than income taxes and other – net$131M$144M$131M$164M$138M$151M
Utilities Operating Expense, Depreciation and Amortization$465M$367M$386M$415M$400M$398M
Cash Dividends, Common Stock$178.5M$192M$192M$192M$192M$208M
OCI Defined Benefit Plan, After Tax—$0$2M$0-$5M$0
Other Comprehensive Income (Loss)$211M$285M$271M$640M$266M$355M
OCI Pension Adjustments—$0$2M$0-$5M$0
OCI Pension Reclassification Adjustment, Pre-tax—$0$2M$0-$5M$0
OCI Defined Benefit Plan, Net of Tax—$0$2M$0-$5M$0

Net Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Net income applicable to common shareholders$207M$289M$275M$640M$252M$357M
Common Stock Dividends$178.5M$192M$192M$192M$192M$208M
Net earnings to common$207M$289M$275M$640M$252M$357M
Net Income Available to Common Shareholders$207M$289M$275M$640M$252M$357M
Net income$208M$290M$277M$641M$253M$358M
Preferred stock dividends$1M$1M$2M$1M$1M$1M
Net income attributable to common stock$207M$289M$275M$640M$252M$357M
Common Stock Dividends$178.5M$192M$192M$192M$192M$208M

Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Tax Reconciliation, Tax Credits9.0%—————
Income tax expense—$50M$43M$52M$0$60M
Deferred Income Tax Expense$31.8M$63.3M$63.3M$63.3M$63.3M$56M
Deferred and Other Income Taxes$31.8M$63.3M$63.3M$63.3M$63.3M$56M
Income and Other Taxes$8.5M$47.5M$47.5M$47.5M$47.5M$75M

Earnings Per Share

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Basic earnings per share$0.77$1.07$1.02$2.37$0.92$1.29
Diluted earnings per share$0.77$1.07$1.01$2.35$0.92$1.28
Weighted-average shares, basic266.8M270M270.3M270.4M270.5M276.5M
Weighted-average shares, diluted267.4M271.4M271.6M272.2M272.2M278.4M

Income Before Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income before income taxes$151M$340M$320M$693M$244M$418M

Operating Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Operating income$198M$430M$411M$825M$360M$532M

Revenue

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Total revenue$1.9B$2.1B$2.2B$2.7B$1.8B$2.2B