Ameren said net income attributable to Ameren common shareholders in 2024 increased $30 million and $0.04 per diluted share from 2023. The company cited net income increases of $27 million at Ameren Transmission, $15 million at Ameren Illinois Natural Gas, and $14 million at Ameren Missouri, partially offset by a net income decrease of $24 million at Ameren Illinois Electric Distribution.

1. 01

   Ameren said net income attributable to Ameren common shareholders in 2024 increased $30 million and $0.04 per diluted share from 2023. The company cited net income increases of $27 million at Ameren Transmission, $15 million at Ameren Illinois Natural Gas, and $14 million at Ameren Missouri, partially offset by a net income decrease of $24 million at Ameren Illinois Electric Distribution.

2. 02

   The company said in December 2024 the United States District Court for the Eastern District of Missouri issued an order resolving all outstanding claims related to the Rush Island Energy Center, with program costs estimated at approximately $64 million. As of December 31, 2024, Ameren and Ameren Missouri recorded liabilities of $64 million and charges of $59 million in 2024 related to the cost of these programs.

3. 03

   Ameren said Ameren Transmission's electric revenues in 2024 increased $104 million, or 15%, from 2023. The company cited higher recoverable expenses of +$55 million, increased capital investment of +$44 million, and increased facility rental revenues of +$15 million, partially offset by a decrease in the allowed base ROE under the MISO tariff resulting from the October 2024 FERC order of -$10 million.

4. 04

   Ameren said it estimates capital expenditures of up to $27.4 billion from 2025 through 2029. The company said the estimate includes up to $17.5 billion at Ameren Missouri, up to $7.0 billion at Ameren Illinois, and up to $2.9 billion at ATXI, and includes MISO long-range transmission projects.

Key figures

Fiscal year ended December 31, 2024

Revenue

$7.6B

Operating income

$1.5B

Net income

$1.2B

EPS

$4.42

Operating cash flow

$2.8B

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.