Ameren

Q2 FY2026 EarningsFY26 Q2 results presented a mixed performance with a top-line miss but an EPS beat. Revenue of $2.09B missed the $2.29B consensus (-8.68%) primarily due to significantly lower MISO capacity prices and milder weather at Ameren Missouri. However, Diluted EPS of $1.13 beat the $1.08 consensus (+4.19%), driven by disciplined cost management, higher allowance for equity funds used during construction (AFUDC), and equity returns from increased infrastructure investments. Management reaffirmed its multi-year $33.1B capital investment plan through 2030, reinforcing long-term rate base growth expectations.