Ameren posts FY 2025 net income attributable to common shareholders of USD 1.46 billion (+23%)

Ameren reported FY 2025 net income attributable to common shareholders of USD 1.46 billion, up 23% year over year, and diluted EPS of USD 5.35 (FY 2024: USD 4.42). FY 2025 operating cash flow was USD 3.35 billion, while capital expenditures totaled USD 4.13 billion. Ameren ended 2025 with USD 2.5 billion of available liquidity and raised its quarterly dividend to USD 0.75 per share (USD 3.00 annualized) in February 2026, from USD 0.71 per share (USD 2.84 annualized) set in February 2025. FY 2025 performance was supported by higher base rate revenues at Ameren Missouri following an April 2025 Missouri electric rate order and by lower income tax expense tied to the revaluation of excess deferred income tax regulatory liabilities. Ameren also cited higher retail electric sales volumes at Ameren Missouri due to weather and the absence of a prior-year charge related to Rush Island litigation. Segment net income attributable to common shareholders in FY 2025 was USD 747 million (Ameren Missouri), USD 415 million (Ameren Transmission), USD 281 million (Ameren Illinois Electric Distribution) and USD 158 million (Ameren Illinois Natural Gas). On the business update front, Ameren highlighted the August 2025 effective date of Missouri’s PPRA, which includes provisions affecting regulation of Ameren Missouri’s electric and natural gas businesses, and noted execution in February 2026 of large-load electric service agreements representing 2.2 gigawatts of demand under updated tariff terms approved in November 2025. Ameren Missouri also acquired the Split Rail Solar Project for approximately USD 600 million and expects it to enter service in Q2 2026, while filing a Smart Energy Plan update outlining approximately USD 20.8 billion of planned electric infrastructure investments for 2026–2030. Ameren reiterated its projected 2026–2030 cumulative capital expenditures range of USD 30.5–33.1 billion.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Ameren Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001002910-26-000009), on February 18, 2026, and is solely responsible for the information contained therein.