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AEEBullishEarningsnews
High materiality9/10

Ameren raises 2026 guidance, outlines 2027 growth with large capex plan

Nov 5, 2026, 4:52 PM EST1 sourcesAI-analyzed
Why it may matterVerify against the original reporting

Raised 2026/2027 guidance, a sizable capex plan, and 8–10% CAGR target imply sustainable earnings growth and dividend potential, likely prompting multiple expansion.

AI summary

What happened, with direct paths to the underlying reporting

Ameren reports 2026 Q3 GAAP EPS of $2.42 and raises full-year guidance to $5.35–$5.55, with 2027 guidance of $5.70–$5.90 and 8–10% CAGR through 2031. The upgrade reflects stronger infrastructure earnings and warmer Missouri electric sales, offset by higher O&M and interest costs. A $38.1B capex plan drives ~13.3% rate-base growth, underpinning a growing dividend and long-term value.

  • Q3 2026 GAAP EPS$2.42; up from $2.35 in 2025.
  • Q3 2026 adjusted EPS$2.42; vs $2.17 in 2025.
  • Raising 2026 guidance to $5.35–$5.55 per share.
  • 2027 guidance $5.70–$5.90; 8–10% CAGR 2027–2031.
  • Capex $38.1B; rate-base growth ~13.3% CAGR 2026–2031.

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