Ameren AEE Business Segments
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Revenue by Business | ||||||
| Ameren Illinois Electric Distribution | $643M+12.4% | $555M+6.3% | $699M+26.6% | $573M+12.6% | $572M+13.0% | |
| Ameren Illinois Natural Gas | $436M+6.1% | —— | $117M-3.3% | $158M+6.8% | $411M+5.1% | |
| Ameren Illinois Transmission | $164M+6.5% | $155M+9.2% | $176M+13.5% | $152M+11.8% | $154M+17.6% | |
| Ameren Transmission | $227M+8.1% | $204M+4.6% | $240M+14.3% | $208M+8.9% | $210M+13.5% | |
| Union Electric Company | -$10M-42.9% | -$8M0.0% | -$9M0.0% | -$8M+11.1% | -$7M0.0% | |
| External revenues by Business | ||||||
| Ameren Illinois Electric Distribution | $643M+12.4% | —— | $699M+26.6% | $573M+12.6% | $572M+13.0% | |
| Ameren Illinois Natural Gas | $436M+6.1% | —— | $117M-3.3% | $158M+6.8% | $411M+5.1% | |
| Ameren Illinois Transmission | $120M+2.6% | —— | $130M+8.3% | $112M+2.8% | $117M+13.6% | |
| Ameren Transmission | $177M+6.6% | —— | $188M+11.9% | $161M+2.5% | $166M+9.9% | |
| Union Electric Company | $920M-3.2% | $785M-19.9% | $1.7B+27.2% | $1.33B+51.5% | $950M+23.7% | |
| Other Income, Net by Business | ||||||
| Ameren Illinois Electric Distribution | $19M-17.4% | $23M-8.0% | $20M-13.0% | $23M-14.8% | $23M+4.5% | |
| Ameren Illinois Natural Gas | $3M-40.0% | —— | $4M-33.3% | $5M-28.6% | $5M-28.6% | |
| Ameren Illinois Transmission | $7M+16.7% | $7M-30.0% | $6M-25.0% | $9M+200% | $6M+200% | |
| Ameren Transmission | $7M0.0% | $10M-16.7% | -$3M-138% | $10M+150% | $7M+250% | |
| Union Electric Company | $53M+23.3% | $45M-13.5% | $45M-11.8% | $47M-4.1% | $43M-2.3% | |
| Other revenues not from contracts with customers by Business | ||||||
| Ameren Illinois Electric Distribution | $3M0.0% | —— | $3M+50.0% | $5M+400% | $3M+50.0% | |
| Ameren Illinois Natural Gas | $1M0.0% | —— | $0— | $1M0.0% | $1M0.0% | |
| Ameren Illinois Transmission | $0— | —— | $0— | $0— | $0— | |
| Ameren Transmission | $0— | —— | $0— | $0— | $0— | |
| Union Electric Company | $2M+100% | $1M-66.7% | $2M0.0% | $2M+100% | $1M0.0% | |
| Net Income Available to Common Shareholder by Business | ||||||
| Ameren Illinois Electric Distribution | $66M+4.8% | —— | $57M+1.8% | $64M+4.9% | $63M+12.5% | |
| Ameren Illinois Natural Gas | $122M+13.0% | —— | -$13M-30.0% | $10M+66.7% | $108M+1.9% | |
| Ameren Illinois Transmission | $68M+4.6% | —— | $104M+52.9% | $63M+10.5% | $65M+22.6% | |
| Ameren Transmission | $98M+10.1% | —— | $151M+67.8% | $86M+8.9% | $89M+23.6% | |
| Union Electric Company | $76M+81.0% | —— | $518M+36.0% | $150M+17.2% | $42M+68.0% | |
| Taxes other than income taxes by Business | ||||||
| Ameren Illinois Electric Distribution | $22M+4.8% | $19M+5.6% | $22M+4.8% | $20M+5.3% | $21M+23.5% | |
| Ameren Illinois Natural Gas | $29M0.0% | —— | $15M+7.1% | $16M+6.7% | $29M+11.5% | |
| Ameren Illinois Transmission | $1M0.0% | $2M— | $1M-50.0% | $1M0.0% | $1M0.0% | |
| Ameren Transmission | $2M+100% | $2M-33.3% | $3M+50.0% | $3M+50.0% | $1M-50.0% | |
| Union Electric Company | $95M+6.7% | $93M+9.4% | $122M+11.9% | $89M-2.2% | $89M+2.3% | |
| Revenues from alternative revenue programs by Business | ||||||
| Ameren Illinois Electric Distribution | $46M+119% | —— | -$187M-29.9% | -$8M-136% | $21M-46.2% | |
| Ameren Illinois Natural Gas | $17M+467% | —— | -$10M-11.1% | $1M— | $3M-84.2% | |
| Ameren Illinois Transmission | -$3M-200% | $0-100% | -$12M-1,100% | -$7M-450% | -$1M-113% | |
| Ameren Transmission | -$4M-300% | -$5M-123% | -$12M-500% | -$8M-300% | -$1M-111% | |
| Union Electric Company | -$3M+40.0% | -$1M-109% | $0— | $1M+200% | -$5M+16.7% | |
| Income Taxes by Business | ||||||
| Ameren Illinois Electric Distribution | $24M+50.0% | —— | $19M+35.7% | $13M-13.3% | $16M+33.3% | |
| Ameren Illinois Natural Gas | $44M+15.8% | —— | -$4M-100% | $3M0.0% | $38M+2.7% | |
| Ameren Illinois Transmission | $23M+4.5% | —— | $2M-92.0% | $25M+13.6% | $22M+22.2% | |
| Ameren Transmission | $32M+3.2% | —— | -$16M-147% | $33M+13.8% | $31M+19.2% | |
| Union Electric Company | $3M-25.0% | $0+100% | $32M+633% | $7M+600% | $4M+300% | |
| Natural gas purchased for resale by Business | ||||||
| Ameren Illinois Electric Distribution | $0— | $0— | $0— | $0— | $0— | |
| Ameren Illinois Natural Gas | $137M-1.4% | —— | $19M-26.9% | $30M+25.0% | $139M+13.0% | |
| Ameren Illinois Transmission | $0— | —— | $0— | $0— | $0— | |
| Ameren Transmission | $0— | $0— | $0— | $0— | $0— | |
| Union Electric Company | $34M+13.3% | $20M+5.3% | $6M+50.0% | $9M0.0% | $30M+7.1% | |
| Interest Income by Business | ||||||
| Ameren Illinois Electric Distribution | $6M-25.0% | —— | $6M0.0% | $8M-11.1% | $8M+33.3% | |
| Ameren Illinois Natural Gas | $0— | —— | $0-100% | $0— | $0— | |
| Ameren Illinois Transmission | $0-100% | —— | $1M— | $0— | $1M— | |
| Ameren Transmission | $0-100% | —— | $1M— | $0-100% | $1M— | |
| Union Electric Company | $3M+50.0% | $2M+100% | $3M+50.0% | $2M-33.3% | $2M0.0% | |
| Other operations and maintenance by Business | ||||||
| Ameren Illinois Electric Distribution | $160M-3.6% | $163M-2.4% | $171M+4.9% | $156M+2.0% | $166M+22.1% | |
| Ameren Illinois Natural Gas | $57M+3.6% | —— | $55M+7.8% | $55M-6.8% | $55M-5.2% | |
| Ameren Illinois Transmission | $15M0.0% | $12M-14.3% | $15M0.0% | $14M+16.7% | $15M-6.3% | |
| Ameren Transmission | $19M0.0% | $18M+12.5% | $19M0.0% | $18M+12.5% | $19M0.0% | |
| Union Electric Company | $264M+5.6% | $281M+7.7% | $260M-9.7% | $238M-3.6% | $250M-1.6% | |
| Preferred Stock Dividends by Business | ||||||
| Ameren Illinois Electric Distribution | $0— | $0— | $0— | $1M0.0% | $0— | |
| Ameren Illinois Natural Gas | $0— | —— | $0— | $0— | $0— | |
| Ameren Transmission | $0— | $1M0.0% | $0— | $0— | $0— | |
| Union Electric Company | $1M0.0% | $0— | $1M0.0% | $1M0.0% | $1M0.0% | |
| Interest Charges by Business | ||||||
| Ameren Illinois Electric Distribution | $28M+7.7% | —— | $28M+12.0% | $26M0.0% | $26M+18.2% | |
| Ameren Illinois Natural Gas | $16M+6.7% | —— | $16M0.0% | $16M+6.7% | $15M0.0% | |
| Ameren Illinois Transmission | $24M+14.3% | —— | $23M+4.5% | $21M+10.5% | $21M+16.7% | |
| Ameren Transmission | $30M+3.4% | —— | $31M0.0% | $29M0.0% | $29M0.0% | |
| Union Electric Company | $82M+36.7% | $82M+43.9% | $85M+37.1% | $70M+11.1% | $60M-3.2% | |
| Fuel and purchased power by Business | ||||||
| Ameren Illinois Electric Distribution | $266M+25.5% | —— | $330M+61.8% | $223M+32.7% | $212M+10.4% | |
| Ameren Illinois Natural Gas | $0— | —— | $0— | $0— | $0— | |
| Ameren Transmission | $0— | —— | $0— | $0— | $0— | |
| Union Electric Company | $214M-35.2% | $107M-72.0% | $487M+45.8% | $614M+225% | $330M+98.8% | |
| Cost, Depreciation, Amortization and Depletion by Business | ||||||
| Ameren Illinois Electric Distribution | $96M+5.5% | —— | $92M0.0% | $93M0.0% | $91M-2.2% | |
| Ameren Illinois Natural Gas | $34M+6.3% | —— | $33M+3.1% | $33M0.0% | $32M-3.0% | |
| Ameren Illinois Transmission | $40M+11.1% | —— | $37M+19.4% | $37M+32.1% | $36M+33.3% | |
| Ameren Transmission | $53M+10.4% | —— | $49M+16.7% | $49M+22.5% | $48M+23.1% | |
| Union Electric Company | $214M+10.3% | $218M-25.9% | $239M+8.6% | $209M+0.5% | $194M-0.5% | |
| CapEx by Business | ||||||
| Ameren Illinois Electric Distribution | $196M+17.4% | $152M+36.9% | $163M+7.2% | $153M+15.9% | $167M-9.2% | |
| Ameren Illinois Natural Gas | $72M+22.0% | —— | $78M-6.0% | $88M+49.2% | $59M-1.7% | |
| Ameren Illinois Transmission | $120M-12.4% | $144M-29.1% | $144M+3.6% | $138M-9.8% | $137M+6.2% | |
| Ameren Transmission | $204M+17.9% | $212M-12.8% | $174M0.0% | $158M-9.7% | $173M+4.2% | |
| Union Electric Company | $1.09B+65.8% | $629M-27.9% | $548M-25.4% | $667M+4.5% | $658M+41.2% | |
| Purchased Power by Business | ||||||
| Ameren Illinois Electric Distribution | $266M+25.5% | $176M0.0% | $330M+61.8% | $223M+32.7% | $212M+10.4% | |
| Ameren Illinois Natural Gas | $0— | —— | $0— | $0— | $0— | |
| Ameren Illinois Transmission | $0— | —— | $0— | $0— | $0— | |
| Revenue by Product | ||||||
| Electric | $289M-13.7% | $125M-72.5% | $455M+46.3% | $655M+221% | $335M+70.9% | |
| Electricity | $1.66B+2.4% | $1.45B-10.8% | $2.56B+25.9% | $2.04B+34.0% | $1.62B+18.9% | |
| Natural gas | $515M+8.4% | $337M+5.0% | $136M-1.4% | $183M+6.4% | $475M+5.1% | |
| External revenues by Product | ||||||
| Electric | $1.66B+2.4% | $1.45B-10.8% | $2.56B+25.9% | $2.04B+34.0% | $1.62B+18.9% | |
| Natural gas | $515M+8.4% | $337M+5.0% | $136M-1.4% | $183M+6.4% | $475M+5.1% |
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.
