The company said Ameren’s net income attributable to common shareholders rose $78 million in 2023 compared with 2022, and diluted earnings per share rose $0.24. It cited increases at Ameren Illinois Electric Distribution of $56 million, Ameren Transmission of $33 million, and Ameren Illinois Natural Gas of $11 million.

10-KAnnual reportFiled Feb 29, 2024Period of report Dec 31, 2023Summary published (UTC) Oct 24, 2026

Key points

AI summary

The company said Ameren’s net income attributable to common shareholders rose $78 million in 2023 compared with 2022, and diluted earnings per share rose $0.24. It cited increases at Ameren Illinois Electric Distribution of $56 million, Ameren Transmission of $33 million, and Ameren Illinois Natural Gas of $11 million.
The company said the MoPSC issued an order in June 2023 that increased Ameren Missouri’s annual electric retail revenue requirement by $140 million. The new rates took effect on July 9, 2023, and the depreciable life of Sioux Energy Center assets was extended from 2028 to 2030.
The company cited the following as factors that unfavorably affected earnings per share in 2023: lower retail sales at Ameren Missouri and Ameren Illinois Natural Gas (estimated at 25 cents), higher financing costs (13 cents), and a higher weighted-average basic common share count (7 cents).
The company said it expects capital expenditures of up to $22.8 billion from 2024 through 2028, including up to $13.5 billion at Ameren Missouri, up to $7.6 billion at Ameren Illinois, and up to $1.7 billion at ATXI. The plan includes renewable generation of $3.3 billion and dispatchable generation of $2.7 billion under Ameren Missouri’s 2023 IRP.

Key figures

Fiscal year ended December 31, 2023

Revenue: $7.5B
Operating income: $1.6B
Net income: $1.2B
EPS: $4.38
Operating cash flow: $2.6B

From the XBRL financial data filed with the SEC · not processed by AI.

Summary

AI-written

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

Ameren net income up $78 million in 2023

The company said Ameren’s net income attributable to common shareholders rose $78 million in 2023 compared with 2022, and diluted earnings per share rose $0.24. It cited increases at Ameren Illinois Electric Distribution of $56 million, Ameren Transmission of $33 million, and Ameren Illinois Natural Gas of $11 million.

Source · Based on the MD&A text of the filing

Ameren Missouri electric rate order from the MoPSC in June 2023

The company said the MoPSC issued an order in June 2023 that increased Ameren Missouri’s annual electric retail revenue requirement by $140 million. The new rates took effect on July 9, 2023, and the depreciable life of Sioux Energy Center assets was extended from 2028 to 2030.

Source · Based on the MD&A text of the filing

Lower retail sales cut EPS by 25 cents and other factors

The company cited the following as factors that unfavorably affected earnings per share in 2023: lower retail sales at Ameren Missouri and Ameren Illinois Natural Gas (estimated at 25 cents), higher financing costs (13 cents), and a higher weighted-average basic common share count (7 cents).

Source · Based on the MD&A text of the filing

Capex outlook up to $22.8 billion for 2024–2028

The company said it expects capital expenditures of up to $22.8 billion from 2024 through 2028, including up to $13.5 billion at Ameren Missouri, up to $7.6 billion at Ameren Illinois, and up to $1.7 billion at ATXI. The plan includes renewable generation of $3.3 billion and dispatchable generation of $2.7 billion under Ameren Missouri’s 2023 IRP.

Source · Based on the MD&A text of the filing

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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