Ameren(NYSE) AEE

Ameren Corporation delivers electricity and natural gas to homes. It helps people power lights and heat their buildings. The company serves customers in Missouri and Illinois.

Powering Homes and Businesses

• Ameren Missouri: Operates rate-regulated electric generation and natural gas distribution for Missouri customers.
• Ameren Illinois Electric: Provides electric distribution services to homes and businesses across Illinois.
• Ameren Illinois Natural Gas: Delivers natural gas through a regulated distribution system to Illinois residents.
• Ameren Transmission: Manages high-voltage power lines under the authority of the Federal Energy Regulatory Commission (FERC).

Scaling Up Energy Infrastructure

• Acquired the Split Rail Solar Project for approximately $0.6 billion in February 2026.
• Obtained regulatory approval for the Big Hollow and Reform Solar facilities during the first half of 2026.
• Filed for permits to build several battery energy storage and solar sites in May 2026.
• Invested $2.7 billion in rate-regulated energy infrastructure in the six months ended June 30, 2026.

Regulated Reach and Resources

Ameren maintains a diverse energy portfolio including coal, nuclear, natural gas, and various renewable sources. The company operates under specific state and federal rules that determine the prices it can charge.

Performance by the Numbers

• Net income reached $671 million in the six-month period ended June 30, 2026, compared with $564 million in 2025.
• Earnings per diluted share were $2.41 in the six months ended June 30, 2026, compared with $2.08 in 2025.
• Market capitalization hit $31.3 billion in the second quarter of 2026, up 20.5% year over year.
• The price-to-earnings (P/E) ratio was 24.8 in the second quarter of 2026, up 5.3% year over year.

Bottom Line

Ameren has transitioned toward a heavier focus on rate-regulated infrastructure and renewable energy projects. Its business model relies on aligning capital spending with state and federal regulatory policies.