The company said net income attributable to Ameren common shareholders for the 3 months ended June 30, 2024 was $258 million, or $0.97 per diluted share, and for the 6 months was $519 million, or $1.95 per diluted share. In the year-ago periods, the figures were $237 million ($0.90) and $501 million ($1.90), respectively.

1. 01

   The company said net income attributable to Ameren common shareholders for the 3 months ended June 30, 2024 was $258 million, or $0.97 per diluted share, and for the 6 months was $519 million, or $1.95 per diluted share. In the year-ago periods, the figures were $237 million ($0.90) and $501 million ($1.90), respectively.

2. 02

   Ameren said the MoPSC electric rate order in June 2023 boosted earnings through higher base rate revenues, Ameren Missouri's higher retail electric sales, and increased rate base investments at Ameren Transmission. It cited higher financing costs, a lower recognized ROE and Rush Island-related costs over 6 months as unfavorable factors.

3. 03

   Ameren Missouri asked the MoPSC in June 2024 to increase its annual electric revenues by $446 million, the company said. The request is based on an ROE of 10.25%, common equity of 52% in its capital structure and a rate base of $14 billion. It expects a decision in May 2025 and new rates to take effect in June 2025.

4. 04

   The company said the MoPSC in June 2024 issued a financing order authorizing securitized utility tariff bonds to fund about $470 million of costs tied to the early retirement of the Rush Island Energy Center. The initial petition in November 2023 sought $519 million. It said Ameren Missouri will collect the amounts needed to repay the bonds over about 15 years from the bond issuance date.

Key figures

Quarter ended June 30, 2024

Revenue

$1.7B

Operating income

$361M

Net income

$260M

EPS

$0.97

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.