Ameren Corporation 10-Q filed Aug 4, 2025

Modified · OVERVIEW

Net income attributable to Ameren common shareholders in the three months ended March 31June 30, 2025, was $289275 million, or $1.071.01 per diluted share, compared with $261258 million, or $0.980.97 per diluted share, in the year-ago period. Net income was favorably affected for attributable to Ameren common shareholders in the threesix months ended March 31June 30, 2025, by increased infrastructure investments at Ameren Missouriwas $564 million, or $2.08 per diluted share, Ameren Transmission and Ameren Illinois Electric Distributioncompared with $519 million, or $1.95 per diluted share, in the year-ago period. Net income was also favorably affected for the three and six months ended March 31June 30, 2025, by increased retail electric sales volumes base rate revenues at Ameren Missouri, primarily due to colder winter temperatures in effective June 1, 2025, excluding customer energy-efficiency programs. Earnings were also favorably affected for pursuant to the three months ended March 31, April 2025, by decreased other operations and maintenance expenses not subject to formula rates MoPSC electric rate order, riders, or trackers, largely because increased deferral of the absence in 2025 of an Ameren Missouri charge financing costs related to the resolution of outstanding claims in rate base investments associated with the NSRPISA and Clean Air Act litigation associated with the Rush Island Energy Center, partially offset by higher RESRAM at Ameren Missouri, and increased infrastructure investments at Ameren Transmission and Ameren Misouri storm costs in 2025Illinois Electric Distribution. Earnings were also favorably affected for the three and six months ended March 31June 30, 2025, by a higher allowance for equity funds used during construction at Ameren Transmission, primarily resulting from a decreased level of short-term borrowings included in the calculation and higher average construction work in progress balances. Net income was unfavorably Earnings were favorably affected forin the threesix months ended March 31June 30, 2025, by increased financing costs, primarily resulting from higher short-term debt balances at Ameren (parent) decreased other operations and higher debt balances at Ameren Missouri. Earnings were also unfavorably affected by decreased revenuesmaintenance expenses not subject to formula rates, netriders, at Ameren Missouri due to higher transmission service costs from or trackers, largely because of the MISO and an increase absence in the weighted-average basic common shares outstanding, which reduced earnings per diluted share.2025 of an Ameren Missouri charge related to the resolution of