In This Article:
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Adjusted Earnings Per Share (EPS): $1.87 for Q3 2024, unchanged from Q3 2023.
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2024 Adjusted EPS Guidance: $4.55 to $4.69.
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2025 EPS Guidance: $4.85 to $5.05, midpoint represents a 7.1% increase over 2024 midpoint.
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Infrastructure Investment: $3 billion year-to-date in 2024.
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New Solar Generation: 500 megawatts expected in service by year-end 2024.
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Missouri Retail Sales Growth: Weather normalized retail sales growth year-to-date across all customer classes.
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Employment Growth: Greater Saint Louis region ranked fourth among large metro areas in August for employment growth.
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New Load Commitments: Approximately 350 megawatts from data centers, manufacturing, and other industries.
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Rush Island Energy Center Retirement: Safely retired on October 15, 2024.
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Missouri PSC Approved Investment: $900 million for Castle Bluff Energy Center.
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Long-term Investment Pipeline: More than $55 billion over the coming decade.
Release Date: November 07, 2024
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
Positive Points
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Ameren Corp (NYSE:AEE) reported third quarter 2024 adjusted earnings of $1.87 per share, consistent with the same period in 2023, meeting expectations.
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The company has a robust investment pipeline of more than $55 billion over the next decade, which is expected to drive significant value for stakeholders.
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Ameren Corp (NYSE:AEE) is experiencing strong economic growth in the St. Louis region, with high employment growth and strong weather-normalized retail sales growth across all customer classes in Missouri.
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The company has successfully closed on three solar energy centers totaling 500 megawatts, expected to be in service by the end of the year, supporting its clean energy transition.
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Ameren Corp (NYSE:AEE) has issued 2025 earnings guidance, projecting a 7.1% increase over the midpoint of its 2024 adjusted guidance range, demonstrating confidence in its growth trajectory.
Negative Points
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The company faced charges related to the Rush Island Energy Center and a FERC order, impacting GAAP earnings for the third quarter.
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Ameren Corp (NYSE:AEE) is dealing with ongoing regulatory proceedings, including those related to the Rush Island Energy Center and MISO's allowed base ROE.
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The company anticipates higher interest expenses in 2025, which could impact earnings.
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There is potential duplication in the economic development pipeline, as many potential customers are evaluating multiple sites, which could affect load growth projections.
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Ameren Corp (NYSE:AEE) faces challenges in balancing the cost of incremental investments needed to serve new and existing customers fairly.