Ameren Reports Strong Q1 2025 Earnings Growth Driven by Infrastructure Investment and Higher Retail Sales

Ameren Corporation reported first quarter 2025 net income attributable to common shareholders of $289 million, or $1.07 per diluted share, up from $261 million, or $0.98 per diluted share, in the same period last year. Excluding certain charges from the prior year, first quarter 2024 adjusted net income was $272 million, or \$1.02 per diluted share.

The growth in earnings for Q1 2025 was driven by increased infrastructure investments and higher retail sales in Ameren Missouri, largely due to colder winter temperatures. However, these positives were partly offset by higher interest expenses at Ameren Parent and Ameren Missouri, as well as increased storm-related costs in the same regions. Additionally, the earnings per share comparison was impacted by a rise in weighted-average basic common shares outstanding. “Execution on all elements of our strategy, including significant investments in infrastructure in each of our business segments, continues to drive value for our customers. We remain on track to deliver within our 2025 earnings guidance range of $4.85 to $5.05 per share,” said Martin J. Lyons, Jr., chairman, president and chief executive officer of Ameren Corporation.