AMEREN CORP

AEE 10-K · Q4 2025

AEE Q4 2025 request

Playground key active
Request URL /api/financials?ticker=AEE&year=2025&quarter=4
waiting 0 ms
Pick an endpoint and run the request.
curl

Income Statement

Income Statement
Metric Q4 2025 Q4 2024 YoY
Revenue 1,782 1,941 -8.2%
Show Product Lines breakouts
Electricity 1,445 1,620 -10.8%
Electricity · Ameren Missouri 738 945 -21.9%
Electricity · Intersegment Elimination -52 -42 -23.8%
Natural Gas Reserves 337 321 +5.0%
Natural Gas Reserves · Ameren Missouri 55 43 +27.9%
Natural Gas Reserves · Intersegment Elimination 0 0
Show Business Segments breakouts
Ameren Missouri · Operating Segments 793 988 -19.7%
Show — breakouts
Revenue 282 278 +1.4%
Revenue 1,713 1,429 +19.9%
Revenue -49 -96 +49.0%
Revenue 555 522 +6.3%
Revenue -876 -629 -39.3%
Revenue -1,207 -1,003 -20.3%
Revenue 282 278 +1.4%
Revenue 1,713 1,429 +19.9%
Revenue 176 121 +45.5%
Revenue 555 522 +6.3%
Revenue -876 -629 -39.3%
Revenue -982 -786 -24.9%
Show Legal Entity breakouts
Ameren Illinois 955 913 +4.6%
Ameren Illinois · Intersegment Elimination -37 -29 -27.6%
Show Consolidation Items breakouts
Intersegment Elimination -52 -42 -23.8%
Other Revenue (Q)
Show Product Lines breakouts
Electricity · Ameren Missouri 13 303 -95.7%
Electricity · Intersegment Elimination -52 -42 -23.8%
Electricity · Other 125 455 -72.5%
Natural Gas Reserves · Ameren Missouri 2 3 -33.3%
Natural Gas Reserves · Intersegment Elimination 0 0
Natural Gas Reserves · Other 28 28 0.0%
Show Business Segments breakouts
Ameren Missouri · Intersegment Elimination -8 -8 0.0%
Show — breakouts
Other Revenue -37 -29 -27.6%
Other Revenue 26 25 +4.0%
Other Revenue -133 -99 -34.3%
Other Revenue 572 488 +17.2%
Other Revenue 117 89 +31.5%
Other Revenue -64 -54 -18.5%
Other Revenue 26 25 +4.0%
Other Revenue -133 -99 -34.3%
Other Revenue 797 705 +13.0%
Show Legal Entity breakouts
Ameren Illinois · Intersegment Elimination -37 -29 -27.6%
Ameren Illinois · Intersegment Elimination -37 -29 -27.6%
Ameren Illinois · Other 104 137 -24.1%
Show Consolidation Items breakouts
Intersegment Elimination -52 -42 -23.8%
Operating Expenses 1,422 1,743 -18.4%
Show Legal Entity breakouts
Ameren Illinois 688 675 +1.9%
Ameren Missouri 719 1,041 -30.9%
Operating Income 360 198 +81.8%
Show Legal Entity breakouts
Ameren Illinois 267 238 +12.2%
Ameren Missouri 74 -53 +239.6%
Other Non-Operating Income (Expense) 90 124 -27.4%
Show Business Segments breakouts
Ameren Missouri · Operating Segments 45 52 -13.5%
Show — breakouts
Other Non-Operating Income (Expense) 23 25 -8.0%
Other Non-Operating Income (Expense) -47 -45 -4.4%
Other Non-Operating Income (Expense) -38 -49 +22.4%
Other Non-Operating Income (Expense) 23 25 -8.0%
Other Non-Operating Income (Expense) -47 -45 -4.4%
Other Non-Operating Income (Expense) -42 -46 +8.7%
Show Legal Entity breakouts
Ameren Illinois 35 42 -16.7%
Ameren Missouri 45 52 -13.5%
Show Consolidation Items breakouts
Intersegment Elimination -4 -1 -300.0%
Material Reconciling Items 11 29 -62.1%
Income Before Taxes 244 151 +61.6%
Show Legal Entity breakouts
Ameren Illinois 234 217 +7.8%
Ameren Missouri 37 -58 +163.8%
Income Tax Expense (Benefit) -9 -57 +84.2%
Show Business Segments breakouts
Ameren Missouri · Operating Segments 0 -83 +100.0%
Show — breakouts
Income Tax Expense (Benefit) -1 9 -111.1%
Income Tax Expense (Benefit) -10 15 -166.7%
Income Tax Expense (Benefit) 20 46 -56.5%
Income Tax Expense (Benefit) -1 9 -111.1%
Income Tax Expense (Benefit) -10 15 -166.7%
Income Tax Expense (Benefit) 20 79 -74.7%
Show Legal Entity breakouts
Ameren Illinois 19 49 -61.2%
Ameren Missouri 0 -83 +100.0%
Show Consolidation Items breakouts
Material Reconciling Items -29 -32 +9.4%
Net Income 253 208 +21.6%
Show — breakouts
Net Income 215 168 +28.0%
Net Income 228 108 +111.1%
Net Income (Q)
Show Equity Components breakouts
Retained Earnings 252 207 +21.7%
Show — breakouts
Net Income 566 389 +45.5%
Show Legal Entity breakouts
Ameren Illinois 216 169 +27.8%
Comprehensive Income 266 211 +26.1%
EPS (Basic) 0.92 0.77 +19.5%
EPS (Diluted) 0.92 0.77 +19.5%
Wtd Avg Shares (Basic) 0.3 0.2 +50.0%
Wtd Avg Shares (Diluted) 0.5 0.5 0.0%
Net Income Loss Attributable To Noncontrolling Interest 1 1 0.0%
Show Equity Components breakouts
Noncontrolling Interest -1 -1 0.0%
Revenue From Contract With Customer Including Assessed Tax 1,782 1,941 -8.2%
Show Product Lines breakouts
Electricity 1,445 1,620 -10.8%
Electricity · Ameren Illinois 673 635 +6.0%
Electricity · Ameren Missouri 738 945 -21.9%
Electricity · Ameren Missouri 296 265 +11.7%
Electricity · Ameren Missouri 73 65 +12.3%
Electricity · Ameren Missouri 356 312 +14.1%
Electricity · Commercial 485 433 +12.0%
Electricity · Industrial 128 113 +13.3%
Electricity · Residential 707 619 +14.2%
Natural Gas Reserves 337 321 +5.0%
Natural Gas Reserves · Ameren Illinois 282 278 +1.4%
Natural Gas Reserves · Ameren Missouri 55 43 +27.9%
Natural Gas Reserves · Ameren Missouri 15 11 +36.4%
Natural Gas Reserves · Ameren Missouri 2 1 +100.0%
Natural Gas Reserves · Ameren Missouri 36 28 +28.6%
Natural Gas Reserves · Commercial 74 66 +12.1%
Natural Gas Reserves · Industrial 5 4 +25.0%
Natural Gas Reserves · Residential 230 223 +3.1%
Show Business Segments breakouts
Ameren Missouri · Operating Segments 785 980 -19.9%
Show — breakouts
Revenue From Contract With Customer Including Assessed Tax 59 55 +7.3%
Revenue From Contract With Customer Including Assessed Tax 659 569 +15.8%
Revenue From Contract With Customer Including Assessed Tax -114 -101 -12.9%
Revenue From Contract With Customer Including Assessed Tax 73 67 +9.0%
Revenue From Contract With Customer Including Assessed Tax 554 550 +0.7%
Revenue From Contract With Customer Including Assessed Tax 1,357 1,143 +18.7%
Revenue From Contract With Customer Including Assessed Tax 2,273 1,978 +14.9%
Revenue From Contract With Customer Including Assessed Tax 842 827 +1.8%
Revenue From Contract With Customer Including Assessed Tax 351 334 +5.1%
Revenue From Contract With Customer Including Assessed Tax -4 0
Revenue From Contract With Customer Including Assessed Tax 0 1 -100.0%
Revenue From Contract With Customer Including Assessed Tax -4 1 -500.0%
Revenue From Contract With Customer Including Assessed Tax 59 55 +7.3%
Revenue From Contract With Customer Including Assessed Tax 659 569 +15.8%
Revenue From Contract With Customer Including Assessed Tax -114 -101 -12.9%
Revenue From Contract With Customer Including Assessed Tax 73 67 +9.0%
Revenue From Contract With Customer Including Assessed Tax 554 550 +0.7%
Revenue From Contract With Customer Including Assessed Tax 1,357 1,143 +18.7%
Revenue From Contract With Customer Including Assessed Tax 1,797 1,576 +14.0%
Revenue From Contract With Customer Including Assessed Tax -876 -629 -39.3%
Revenue From Contract With Customer Including Assessed Tax -1,169 -930 -25.7%
Show Legal Entity breakouts
Ameren Illinois 955 913 +4.6%
Ameren Illinois · Ameren Missouri and Ameren Illinois Rent and Facility Services 0 0
Ameren Illinois · Commercial 248 223 +11.2%
Ameren Illinois · Industrial 58 51 +13.7%
Ameren Illinois · Residential 545 502 +8.6%
Ameren Illinois · Total Operating Revenues 1 2 -50.0%
Ameren Missouri 793 988 -19.7%
Ameren Missouri · Ameren Missouri and Ameren Illinois Rent and Facility Services 8 8 0.0%
Ameren Missouri · Total Operating Revenues 8 8 0.0%
Interest Expense 206 171 +20.5%
Show Business Segments breakouts
Ameren Missouri · Operating Segments 82 57 +43.9%
Show — breakouts
Interest Expense 27 25 +8.0%
Interest Expense -15 -10 -50.0%
Interest Expense 8 7 +14.3%
Interest Expense 27 25 +8.0%
Interest Expense -15 -10 -50.0%
Interest Expense 40 44 -9.1%
Show Legal Entity breakouts
Ameren Illinois 68 63 +7.9%
Ameren Illinois · Money Pool Borrowings (Advances) 0 -1 +100.0%
Ameren Missouri 82 57 +43.9%
Ameren Missouri · Money Pool Borrowings (Advances) -2 -7 +71.4%
Show Consolidation Items breakouts
Intersegment Elimination -4 -1 -300.0%
Material Reconciling Items 52 45 +15.6%
Net Income Loss Available To Common Stockholders Basic 252 207 +21.7%
Show Legal Entity breakouts
Ameren Illinois 214 167 +28.1%
Ameren Missouri 37 25 +48.0%
Preferred Stock Dividends Income Statement Impact 1 1 0.0%
Show Business Segments breakouts
Ameren Missouri · Operating Segments 0 0
Show — breakouts
Preferred Stock Dividends Income Statement Impact 0 0
Preferred Stock Dividends Income Statement Impact 0 0
Preferred Stock Dividends Income Statement Impact 0 0
Preferred Stock Dividends Income Statement Impact 0 0
Show Legal Entity breakouts
Ameren Illinois 1 1 0.0%
Ameren Missouri 0 0
Other Noninterest Expense -9 -8 -12.5%
Show Legal Entity breakouts
Ameren Illinois -4 -2 -100.0%
Ameren Missouri -3 -5 +40.0%
Income Loss From Equity Method Investments 0 -3 +100.0%

Balance Sheet

Balance Sheet
Metric Q4 2025 Q4 2024 YoY
Current Assets
Cash & Cash Equivalents 13 7 +85.7%
Show Financial Instrument breakouts
Cash · Ameren Missouri 8 10 -20.0%
Show Legal Entity breakouts
Ameren Illinois 3
Ameren Missouri 6
Accounts Receivable 665 525 +26.7%
Show Legal Entity breakouts
Ameren Illinois · Income taxes receivable from parent 7
Ameren Illinois · Nonrelated Party 364 300 +21.3%
Ameren Illinois · Related Party 18 15 +20.0%
Ameren Missouri · Income taxes receivable from parent 3 28 -89.3%
Ameren Missouri · Nonrelated Party 284 209 +35.9%
Ameren Missouri · Related Party 15 40 -62.5%
Show Consolidated Entities breakouts
Parent Company · Related Party 11 41 -73.2%
Inventory 774 762 +1.6%
Show Legal Entity breakouts
Ameren Illinois 278 244 +13.9%
Ameren Missouri 492 514 -4.3%
Total Current Assets 2,571 2,264 +13.6%
Show Legal Entity breakouts
Ameren Illinois 1,204 1,110 +8.5%
Ameren Missouri 1,305 1,145 +14.0%
Show Consolidated Entities breakouts
Parent Company 228 182 +25.3%
Non-Current Assets
Property, Plant & Equipment 39,313 36,304 +8.3%
Show Legal Entity breakouts
Ameren Illinois 16,567 15,530 +6.7%
Ameren Illinois · Depreciable Property, Plant And Equipment 15,859 14,911 +6.4%
Ameren Missouri 20,604 18,788 +9.7%
Ameren Missouri · Depreciable Property, Plant And Equipment 18,478 17,529 +5.4%
Other 2,142 1,986 +7.9%
Other · Depreciable Property, Plant And Equipment 1,964 1,855 +5.9%
Show Property Plant And Equipment By Type breakouts
Depreciable Property, Plant And Equipment 36,301 34,295 +5.8%
Operating Lease Right-of-Use Assets 76 72 +5.6%
Show Legal Entity breakouts
Ameren Missouri 70 69 +1.4%
Goodwill 411 411 0.0%
Show Business Segments breakouts
Ameren Illinois Electric Distribution 238
Ameren Illinois Gas 80
Ameren Illinois Transmission 93
Ameren Transmission 93
Show Legal Entity breakouts
Ameren Illinois 411 411 0.0%
Other Non-Current Assets 1,154 1,123 +2.8%
Show Legal Entity breakouts
Ameren Illinois 789 697 +13.2%
Ameren Illinois · Ameren Services Support Services Agreement 38 32 +18.8%
Ameren Missouri 244 254 -3.9%
Ameren Missouri · Ameren Services Support Services Agreement 36 29 +24.1%
Show Consolidated Entities breakouts
Parent Company 114 155 -26.5%
Total Assets 48,476 44,598 +8.7%
Show Legal Entity breakouts
Ameren Illinois 20,600 19,230 +7.1%
Ameren Missouri 25,400 23,106 +9.9%
Show Consolidated Entities breakouts
Parent Company 17,856 16,741 +6.7%
Current Liabilities
Accounts Payable (Q)
Show Legal Entity breakouts
Ameren Illinois · Income taxes payable to parent 4 32 -87.5%
Deferred Revenue (Current) 238 223 +6.7%
Show Legal Entity breakouts
Ameren Illinois 204 185 +10.3%
Current Portion of Long-Term Debt 973 317 +206.9%
Show Legal Entity breakouts
Ameren Missouri 23 17 +35.3%
Ameren Missouri Securitization Funding I, LLC 23 17 +35.3%
Ameren Missouri · Variable Interest Entity Primary Beneficiary 23 17 +35.3%
Show Consolidated Entities breakouts
Parent Company 950
Variable Interest Entity Primary Beneficiary 23 17 +35.3%
Total Current Liabilities 3,907 3,413 +14.5%
Show Legal Entity breakouts
Ameren Illinois 1,101 1,318 -16.5%
Ameren Missouri 1,562 1,019 +53.3%
Show Consolidated Entities breakouts
Parent Company 1,201 1,165 +3.1%
Non-Current Liabilities
Long-Term Debt 18,214 17,262 +5.5%
Show Legal Entity breakouts
Ameren (parent) 3,181 3,383 -6.0%
Ameren Illinois 6,254 5,549 +12.7%
Ameren Illinois · Related Party 5 3 +66.7%
Ameren Missouri 8,120 7,671 +5.9%
Ameren Missouri Securitization Funding I, LLC 426 448 -4.9%
Ameren Missouri · Related Party 87 57 +52.6%
Ameren Missouri · Variable Interest Entity Primary Beneficiary 426 448 -4.9%
Ameren Transmission Company of Illinois 659 659 0.0%
Show Consolidated Entities breakouts
Parent Company 3,181 3,383 -6.0%
Variable Interest Entity Primary Beneficiary 426 448 -4.9%
Long-Term Debt 19,431
Show Legal Entity breakouts
Ameren (parent) 4,150
Ameren Illinois 6,313
Ameren Missouri 8,307
Ameren Transmission Company of Illinois 661
Operating Lease Liabilities 73 67 +9.0%
Show Legal Entity breakouts
Ameren Missouri 68 65 +4.6%
Other Non-Current Liabilities 540 487 +10.9%
Show Legal Entity breakouts
Ameren Illinois 268 273 -1.8%
Ameren Missouri 184 150 +22.7%
Show Consolidated Entities breakouts
Parent Company 71 73 -2.7%
Total Liabilities (Q)
Show Consolidated Entities breakouts
Parent Company 4,472 4,639 -3.6%
Stockholders' Equity
Common Stock 3 3 0.0%
Show Legal Entity breakouts
Ameren Missouri 511 511 0.0%
Show Consolidated Entities breakouts
Parent Company 3 3 0.0%
Additional Paid-In Capital 8,106 7,513 +7.9%
Show Legal Entity breakouts
Ameren Illinois 3,058 3,056 +0.1%
Ameren Missouri 3,229 3,201 +0.9%
Show Consolidated Entities breakouts
Parent Company 8,106 7,513 +7.9%
Retained Earnings 5,292 4,604 +14.9%
Show Legal Entity breakouts
Ameren Illinois 4,736 4,266 +11.0%
Ameren Missouri 4,757 4,206 +13.1%
Show Consolidated Entities breakouts
Parent Company 5,275 4,592 +14.9%
Total Stockholders' Equity 13,401 12,114 +10.6%
Show Equity Components breakouts
Parent 13,401 12,114 +10.6%
Show Legal Entity breakouts
Ameren Illinois 7,843 7,371 +6.4%
Ameren Missouri 8,577 7,998 +7.2%
Total Liabilities & Equity 48,476 44,598 +8.7%
Show Legal Entity breakouts
Ameren Illinois 20,600 19,230 +7.1%
Ameren Missouri 25,400 23,106 +9.9%
Show Consolidated Entities breakouts
Parent Company 17,856 16,741 +6.7%

Cash Flow Statement

Cash Flow Statement
Metric YTD Q4 2025 YTD Q4 2024 YoY
Operating Activities
Stock-Based Compensation 7 6 +16.7%
Other Non-Cash Items 34 3 +1033.3%
Show Legal Entity breakouts
Ameren Illinois 21 9 +133.3%
Ameren Missouri 17 5 +240.0%
Change in Inventory 29 29 0.0%
Show Legal Entity breakouts
Ameren Illinois 10 14 -28.6%
Ameren Missouri 19 15 +26.7%
Net Cash from Operations 956 817 +17.0%
Show Legal Entity breakouts
Ameren Illinois 381 302 +26.2%
Ameren Missouri 530 526 +0.8%
Investing Activities
Capital Expenditures -1,010 -1,290 +21.7%
Show Legal Entity breakouts
Ameren Illinois -354 -376 +5.9%
Ameren Missouri -629 -873 +27.9%
Other Investing Activities 2 -25 +108.0%
Show Legal Entity breakouts
Ameren Illinois 0 0
Net Cash from Investing -1,033 -1,350 +23.5%
Show Legal Entity breakouts
Ameren Illinois -303 -376 +19.4%
Ameren Missouri -654 -966 +32.3%
Financing Activities
Tax Withholding for Share Compensation 0 0
Net Cash from Financing 62 537 -88.5%
Show Legal Entity breakouts
Ameren Illinois -64 83 -177.1%
Ameren Missouri 99 447 -77.9%
Supplemental
Unpaid Capital Expenditures 210 76 +176.3%
Show Legal Entity breakouts
Ameren Illinois 63 30 +110.0%
Ameren Missouri 78 46 +69.6%
Other Cash Flow
Net Change in Cash -15 4 -475.0%
Show Legal Entity breakouts
Ameren Illinois 14 9 +55.6%

Values in millions USD. Source: SEC EDGAR 10-K filing.

This table is rendered from the same JSON returned by /api/financials.

Get API Key