- 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)