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Ameren +1.8% after Q2 beat, provides 2020 guidance

Aug. 07, 2020 3:25 PM ETAmeren Corporation (AEE) StockAEEBy: Manshi Mamtora, CFA
  • Ameren (AEE +1.8%) reports Q2 revenue of $1.4B, beating estimates by $40M.
  • Q2 earnings rose on increased infrastructure investments made across all business segments.
  • Segment wise earnings: Missouri- $152M vs. $107M last year, Illinois Electric Distribution- $36M vs. $35M, Illinois Natural Gas- $9m vs. $1M, Transmission- $59M vs. $42M.
  • Ameren Missouri experienced higher earnings from electric retail sales due to near-normal temperatures in Q2 2020 compared to milder-than-normal temperatures in Q2 2019.
  • Net income of $179M or EPS $0.72.
  • Guidance 2020: EPS $3.4-3.6
  • Previously: Ameren EPS beats by $0.10, misses on revenue (Aug. 6)

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