The company said net income attributable to Ameren common shareholders for the 3 months ended March 31, 2024 was $261 million, or $0.98 per diluted share, down $3 million from $264 million, or $1.00 per share, in the year-ago period.

1. 01

   The company said net income attributable to Ameren common shareholders for the 3 months ended March 31, 2024 was $261 million, or $0.98 per diluted share, down $3 million from $264 million, or $1.00 per share, in the year-ago period.

2. 02

   The company cited two factors that reduced earnings per share: a cost to Ameren Missouri of 4 cents per share related to the increase in the estimated minimum cost of additional mitigation relief under the NSR and Clean Air Act litigation at the Rush Island Energy Center, and higher income tax expense of 4 cents per share due to lower income tax benefits related to stock-based compensation.

3. 03

   The company said earnings per share were boosted by higher base rate revenues at Ameren Illinois Natural Gas under the ICC natural gas rate order of November 2023, adding 4 cents per share; higher base rate revenues at Ameren Missouri under the MoPSC electric rate order of June 2023, adding 4 cents per share; and higher rate base investments at Ameren Transmission, adding 3 cents per share.

4. 04

   The company said Ameren Missouri asked the MoPSC to approve securitized utility tariff bonds to finance $519 million in costs tied to the planned early retirement of the Rush Island Energy Center, and that it expects a decision by the end of June 2024. It also said it expects capital expenditures of up to $22.8 billion from 2024 through 2028.

Key figures

Quarter ended March 31, 2024

Revenue

$1.8B

Operating income

$371M

Net income

$262M

EPS

$0.98

Operating cash flow

$492M

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.

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

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.