Ameren said third quarter Q3 2025 GAAP diluted EPS were $2.35 compared to Q3 2024 GAAP diluted EPS of $1.70, and adjusted (non-GAAP) diluted EPS were $2.17 compared to Q3 2024 adjusted (non-GAAP) diluted EPS of $1.87.

1. 01

   Ameren said third quarter Q3 2025 GAAP diluted EPS were $2.35 compared to Q3 2024 GAAP diluted EPS of $1.70, and adjusted (non-GAAP) diluted EPS were $2.17 compared to Q3 2024 adjusted (non-GAAP) diluted EPS of $1.87.

2. 02

   The company said that for Q3 2025, it derived adjusted net income attributable to common shareholders of $592 million by excluding a tax benefit of $(48) million related to a FERC order from GAAP net income attributable to common shareholders of $640 million.

3. 03

   Ameren provided 2025 GAAP diluted EPS guidance of $5.08 to $5.28 and adjusted EPS guidance of $4.90 to $5.10, both of which it said reflect an increase from the original 2025 EPS guidance of $4.85 to $5.05. It established 2026 diluted EPS guidance of $5.25 to $5.45.

4. 04

   The company cited increased infrastructure investments, new Ameren Missouri electric service rates that became effective on June 1, 2025, and higher retail sales driven by warmer weather in July as factors in Q3 2025 adjusted earnings. It cited higher interest expense and higher operations and maintenance expenses at Ameren Missouri as offsetting factors.

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Original filing

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