SHARPE
Reported results
- Third quarter 2026 GAAP diluted EPS was $2.42, compared to $2.35 in third quarter 2025.
- Third quarter 2026 adjusted (non-GAAP) diluted EPS was $2.42, compared to $2.17 in third quarter 2025.
- Third quarter 2026 GAAP net income attributable to common shareholders was $676 million, compared to $640 million in third quarter 2025.
- Third quarter 2026 total operating revenues were $2,882 million, compared to $2,699 million in third quarter 2025.
- GAAP net income attributable to common shareholders for the nine months ended September 30, 2026, was $1,347 million, or $4.83 per diluted share.
Guidance
- Ameren raised its 2026 earnings guidance range to $5.35 to $5.55 per diluted share from $5.25 to $5.45 per share.
- Ameren expects 2027 diluted earnings per share to be in a range of $5.70 to $5.90 per share.
- Ameren expects diluted earnings per share to grow at an 8% to 10% compound annual rate from 2027 through 2031, using the 2027 guidance range midpoint of $5.80 per share as the base.
- Multi-year earnings growth is expected to be driven by $38.1 billion of planned infrastructure investments underpinning projected rate base growth of approximately 13.3% compounded annually from 2026 through 2031.
- Ameren expects to continue to grow its common dividend annually, with a payout ratio ranging between 45% and 55% of annual earnings per share.
Notes
Adjusted (non-GAAP) results for the three and nine months ended September 30, 2025 exclude a $48 million, or $0.18 per share, tax benefit from a FERC order on net operating loss carryforwards.
Price and volatility reaction
The stock moved +0.0% on the print. No front-expiry chain was on file, so there is no straddle expected move. 30-day ATM implied volatility moved -1.8 vol points across the event (constant-maturity series — not the front-week crush).
| Measure | Value | Basis |
|---|---|---|
| Close before release | 112.81 | 2026-11-05 |
| Close after release | 112.85 | 2026-11-06 |
| Realised move | +0.0% | close to close |
| 30d ATM IV change | -1.8 vol pts | constant-maturity series, not the front expiry |
Source
The figures above come from the earnings release the company filed with the SEC on 2026-11-05 (8-K, Item 2.02). Read the original filing on sec.gov.