Ameren AEE Business Segments
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Revenue by Business | ||||||
| Ameren Illinois Electric Distribution | $643M+15.9% | $555M-20.6% | $699M+22.0% | $573M+0.2% | $572M+9.6% | |
| Ameren Illinois Natural Gas | $436M— | —— | $117M-25.9% | $158M-61.6% | $411M— | |
| Ameren Illinois Transmission | $164M+5.8% | $155M-11.9% | $176M+15.8% | $152M-1.3% | $154M+8.5% | |
| Ameren Transmission | $227M+11.3% | $204M-15.0% | $240M+15.4% | $208M-1.0% | $210M+7.7% | |
| Union Electric Company | -$10M-25.0% | -$8M+11.1% | -$9M-12.5% | -$8M-14.3% | -$7M+12.5% | |
| External revenues by Business | ||||||
| Ameren Illinois Electric Distribution | $643M— | —— | $699M+22.0% | $573M+0.2% | $572M— | |
| Ameren Illinois Natural Gas | $436M— | —— | $117M-25.9% | $158M-61.6% | $411M— | |
| Ameren Illinois Transmission | $120M— | —— | $130M+16.1% | $112M-4.3% | $117M— | |
| Ameren Transmission | $177M— | —— | $188M+16.8% | $161M-3.0% | $166M— | |
| Union Electric Company | $920M+17.2% | $785M-53.7% | $1.7B+27.3% | $1.33B+40.2% | $950M-3.1% | |
| Other Income, Net by Business | ||||||
| Ameren Illinois Electric Distribution | $19M-17.4% | $23M+15.0% | $20M-13.0% | $23M0.0% | $23M-8.0% | |
| Ameren Illinois Natural Gas | $3M— | —— | $4M-20.0% | $5M0.0% | $5M— | |
| Ameren Illinois Transmission | $7M0.0% | $7M+16.7% | $6M-33.3% | $9M+50.0% | $6M-40.0% | |
| Ameren Transmission | $7M-30.0% | $10M+433% | -$3M-130% | $10M+42.9% | $7M-41.7% | |
| Union Electric Company | $53M+17.8% | $45M0.0% | $45M-4.3% | $47M+9.3% | $43M-17.3% | |
| Other revenues not from contracts with customers by Business | ||||||
| Ameren Illinois Electric Distribution | $3M— | —— | $3M-40.0% | $5M+66.7% | $3M— | |
| Ameren Illinois Natural Gas | $1M— | —— | $0-100% | $1M0.0% | $1M— | |
| Ameren Illinois Transmission | $0— | —— | $0— | $0— | $0— | |
| Ameren Transmission | $0— | —— | $0— | $0— | $0— | |
| Union Electric Company | $2M+100% | $1M-50.0% | $2M0.0% | $2M+100% | $1M-66.7% | |
| Net Income Available to Common Shareholder by Business | ||||||
| Ameren Illinois Electric Distribution | $66M— | —— | $57M-10.9% | $64M+1.6% | $63M— | |
| Ameren Illinois Natural Gas | $122M— | —— | -$13M-230% | $10M-90.7% | $108M— | |
| Ameren Illinois Transmission | $68M— | —— | $104M+65.1% | $63M-3.1% | $65M— | |
| Ameren Transmission | $98M— | —— | $151M+75.6% | $86M-3.4% | $89M— | |
| Union Electric Company | $76M— | —— | $518M+245% | $150M+257% | $42M— | |
| Taxes other than income taxes by Business | ||||||
| Ameren Illinois Electric Distribution | $22M+15.8% | $19M-13.6% | $22M+10.0% | $20M-4.8% | $21M+16.7% | |
| Ameren Illinois Natural Gas | $29M— | —— | $15M-6.3% | $16M-44.8% | $29M— | |
| Ameren Illinois Transmission | $1M-50.0% | $2M+100% | $1M0.0% | $1M0.0% | $1M— | |
| Ameren Transmission | $2M0.0% | $2M-33.3% | $3M0.0% | $3M+200% | $1M-66.7% | |
| Union Electric Company | $95M+2.2% | $93M-23.8% | $122M+37.1% | $89M0.0% | $89M+4.7% | |
| Revenues from alternative revenue programs by Business | ||||||
| Ameren Illinois Electric Distribution | $46M— | —— | -$187M-2,238% | -$8M-138% | $21M— | |
| Ameren Illinois Natural Gas | $17M— | —— | -$10M-1,100% | $1M-66.7% | $3M— | |
| Ameren Illinois Transmission | -$3M— | $0+100% | -$12M-71.4% | -$7M-600% | -$1M-105% | |
| Ameren Transmission | -$4M+20.0% | -$5M+58.3% | -$12M-50.0% | -$8M-700% | -$1M-105% | |
| Union Electric Company | -$3M-200% | -$1M— | $0-100% | $1M+120% | -$5M-145% | |
| Income Taxes by Business | ||||||
| Ameren Illinois Electric Distribution | $24M— | —— | $19M+46.2% | $13M-18.8% | $16M— | |
| Ameren Illinois Natural Gas | $44M— | —— | -$4M-233% | $3M-92.1% | $38M— | |
| Ameren Illinois Transmission | $23M— | —— | $2M-92.0% | $25M+13.6% | $22M— | |
| Ameren Transmission | $32M— | —— | -$16M-148% | $33M+6.5% | $31M— | |
| Union Electric Company | $3M— | $0-100% | $32M+357% | $7M+75.0% | $4M+105% | |
| Natural gas purchased for resale by Business | ||||||
| Ameren Illinois Electric Distribution | $0— | $0— | $0— | $0— | $0— | |
| Ameren Illinois Natural Gas | $137M— | —— | $19M-36.7% | $30M-78.4% | $139M— | |
| Ameren Illinois Transmission | $0— | —— | $0— | $0— | $0— | |
| Ameren Transmission | $0— | $0— | $0— | $0— | $0— | |
| Union Electric Company | $34M+70.0% | $20M+233% | $6M-33.3% | $9M-70.0% | $30M+57.9% | |
| Interest Income by Business | ||||||
| Ameren Illinois Electric Distribution | $6M— | —— | $6M-25.0% | $8M0.0% | $8M— | |
| Ameren Illinois Natural Gas | $0— | —— | $0— | $0— | $0— | |
| Ameren Illinois Transmission | $0— | —— | $1M— | $0-100% | $1M— | |
| Ameren Transmission | $0— | —— | $1M— | $0-100% | $1M— | |
| Union Electric Company | $3M+50.0% | $2M-33.3% | $3M+50.0% | $2M0.0% | $2M+100% | |
| Other operations and maintenance by Business | ||||||
| Ameren Illinois Electric Distribution | $160M-1.8% | $163M-4.7% | $171M+9.6% | $156M-6.0% | $166M-0.6% | |
| Ameren Illinois Natural Gas | $57M— | —— | $55M0.0% | $55M0.0% | $55M— | |
| Ameren Illinois Transmission | $15M+25.0% | $12M-20.0% | $15M+7.1% | $14M-6.7% | $15M+7.1% | |
| Ameren Transmission | $19M+5.6% | $18M-5.3% | $19M+5.6% | $18M-5.3% | $19M+18.8% | |
| Union Electric Company | $264M-6.0% | $281M+8.1% | $260M+9.2% | $238M-4.8% | $250M-4.2% | |
| Preferred Stock Dividends by Business | ||||||
| Ameren Illinois Electric Distribution | $0— | $0— | $0-100% | $1M— | $0— | |
| Ameren Illinois Natural Gas | $0— | —— | $0— | $0— | $0— | |
| Ameren Transmission | $0-100% | $1M— | $0— | $0— | $0-100% | |
| Union Electric Company | $1M— | $0-100% | $1M0.0% | $1M0.0% | $1M— | |
| Interest Charges by Business | ||||||
| Ameren Illinois Electric Distribution | $28M— | —— | $28M+7.7% | $26M0.0% | $26M— | |
| Ameren Illinois Natural Gas | $16M— | —— | $16M0.0% | $16M+6.7% | $15M— | |
| Ameren Illinois Transmission | $24M— | —— | $23M+9.5% | $21M0.0% | $21M— | |
| Ameren Transmission | $30M— | —— | $31M+6.9% | $29M0.0% | $29M— | |
| Union Electric Company | $82M0.0% | $82M-3.5% | $85M+21.4% | $70M+16.7% | $60M+5.3% | |
| Fuel and purchased power by Business | ||||||
| Ameren Illinois Electric Distribution | $266M— | —— | $330M+48.0% | $223M+5.2% | $212M— | |
| Ameren Illinois Natural Gas | $0— | —— | $0— | $0— | $0— | |
| Ameren Transmission | $0— | —— | $0— | $0— | $0— | |
| Union Electric Company | $214M+100% | $107M-78.0% | $487M-20.7% | $614M+86.1% | $330M-13.6% | |
| Cost, Depreciation, Amortization and Depletion by Business | ||||||
| Ameren Illinois Electric Distribution | $96M— | —— | $92M-1.1% | $93M+2.2% | $91M— | |
| Ameren Illinois Natural Gas | $34M— | —— | $33M0.0% | $33M+3.1% | $32M— | |
| Ameren Illinois Transmission | $40M— | —— | $37M0.0% | $37M+2.8% | $36M— | |
| Ameren Transmission | $53M— | —— | $49M0.0% | $49M+2.1% | $48M— | |
| Union Electric Company | $214M-1.8% | $218M-8.8% | $239M+14.4% | $209M+7.7% | $194M-34.0% | |
| CapEx by Business | ||||||
| Ameren Illinois Electric Distribution | $196M+28.9% | $152M-6.7% | $163M+6.5% | $153M-8.4% | $167M+50.5% | |
| Ameren Illinois Natural Gas | $72M— | —— | $78M-11.4% | $88M+49.2% | $59M— | |
| Ameren Illinois Transmission | $120M-16.7% | $144M0.0% | $144M+4.3% | $138M+0.7% | $137M-32.5% | |
| Ameren Transmission | $204M-3.8% | $212M+21.8% | $174M+10.1% | $158M-8.7% | $173M-28.8% | |
| Union Electric Company | $1.09B+73.4% | $629M+14.8% | $548M-17.8% | $667M+1.4% | $658M-24.6% | |
| Purchased Power by Business | ||||||
| Ameren Illinois Electric Distribution | $266M+51.1% | $176M-46.7% | $330M+48.0% | $223M+5.2% | $212M+20.5% | |
| Ameren Illinois Natural Gas | $0— | —— | $0— | $0— | $0— | |
| Ameren Illinois Transmission | $0— | —— | $0— | $0— | $0— | |
| Revenue by Product | ||||||
| Electric | $289M+131% | $125M-72.5% | $455M-30.5% | $655M+95.5% | $335M-26.4% | |
| Electricity | $1.66B+14.9% | $1.45B-43.6% | $2.56B+25.8% | $2.04B+25.6% | $1.62B+0.1% | |
| Natural gas | $515M+52.8% | $337M+148% | $136M-25.7% | $183M-61.5% | $475M+48.0% | |
| External revenues by Product | ||||||
| Electric | $1.66B+14.9% | $1.45B-43.6% | $2.56B+25.8% | $2.04B+25.6% | $1.62B+0.1% | |
| Natural gas | $515M+52.8% | $337M+148% | $136M-25.7% | $183M-61.5% | $475M+48.0% |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- How does Ameren break its business down?
- Ameren (AEE) reports revenue by business across 5 parts — Ameren Illinois Electric Distribution, Ameren Illinois Natural Gas, Ameren Illinois Transmission, Ameren Transmission and Union Electric Company. Each is extracted from the segment footnotes and tracked over time.
- Where does Ameren's segment data come from?
- Segment breakdowns are pulled from the segment footnotes in Ameren's SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.
