“36 Table of Contents NOTE 14 – SEGMENT INFORMATION The following tables present revenues, specified items reflected in net income attributable to common shareholders, and capital expenditures by segment at Ameren and Ameren Illinois for the three and six mont…”10-Q · Aug 3, 2026 ↗
Ameren Corporation
AEE
Market read
Ameren Corporation's current read is isolated; its market group is not confirming.
No new filing conclusion is available. 0 of 14 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 2 directly disclosed connections are confirming.
- Ameren Missouri's investing cash use rose, primarily from a $433 million increase in capital expenditures largely resulting from acquisition of the Split Rail Solar Project.
Invalidation: The isolated read changes if AEE's group or a disclosed connection begins moving with it.
Research brief
The story so far
No new filing conclusion is available. 0 of 14 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 2 directly disclosed connections are confirming.
No thresholded supportive filing evidence is available yet.
No thresholded adverse filing evidence is available yet.
- Ameren Missouri's investing cash use rose, primarily from a $433 million increase in capital expenditures largely resulting from acquisition of the Split Rail Solar Project.
Company research
Understand the business, not just the ticker
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
- Which operating variable is changing?
- Is that change durable, cyclical or one-off?
- What evidence would disprove the current interpretation?
- Latest annual revenue changed +15.4% year over year.
- Operating margin changed +3.1 percentage points in the latest annual period.
- Capital investment and capacity has repeated favorable evidence across 5 filings.
- Credit and interest rates has repeated favorable evidence across 5 filings.
- Energy and commodity prices has repeated favorable evidence across 5 filings.
- Tariffs and trade policy has repeated favorable evidence across 5 filings.
- Supply chain and availability has repeated adverse evidence across 5 filings.
No credible peer-relative valuation comparison is available yet.
Price as of Sep 11, 2026
104.91Reported annual revenue and per-share history. This is accounting history, not a forecast.
What management says matters
Persistent and emerging business drivers
“Additionally, interest expense decreased in the six months ended June 30, 2026 by $3 million due to lower short-term borrowings and applicable rates.”10-Q · Aug 3, 2026 ↗
“FERC ROE Complaint Cases Since November 2013, the allowed base ROE for FERC-regulated transmission rate base under the MISO tariff has been subject to customer complaint cases and has been changed by various FERC orders.”10-Q · Aug 3, 2026 ↗
“All of the Illinois natural gas utilities subject to ICC regulation are included in this proceeding, which is exploring issues involving the decarbonization of the natural gas distribution system in light of the state of Illinois’ goal of economy-wide 100% cl…”10-Q · Aug 3, 2026 ↗
Valuation discipline
Descriptive valuation snapshot
Price/sales 3.2× · EV/sales 5.3×. Comparisons use only industry-matched filing peers.
Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.
Price action
How the market is pricing the story
Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 11 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.
Developments
No sourced recent-development timeline yet
Jodie has not returned a relevant primary source or news item for AEE. This is an evidence-coverage gap, not a conclusion that nothing material happened.
Business and financial condition
Reported financial figures are not available yet
Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.
Filing analysis
No comparable filing assessment is available yet
Jodie has not yet found a suitable current-versus-prior filing comparison for AEE. This does not mean the latest filing was neutral or immaterial.
Business ecosystem
The relationships behind AEE
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depends on
ASAmer Sports, Inc.partnerAug 4, 2025 ▾
“Ameren Transmission Amer en Transmission’s electric revenues increased $17 million, or 9%, and $42 million, or 11%, for the three and six months ended June 30, 2025, respectively, compared with the year-ago periods.”
EIXEdison InternationalcompetitorFeb 18, 2026 ▾
“Source: Edison Electric Institute, ‘Typical Bills and Average Rates Report’ for the 12 months ended June 30, 2025.”
Filing peers
Companies whose filings use similar operating language.
Open the three relationships above to see Jodie’s filing proof. Pro unlocks 6 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →
What is moving around it
Live connections
AEE is currently a Leader in the organic co-movement group Regulated Electric Utilities. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 2 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.
Context history
Theme membership history
No durable theme membership has been observed for this name yet.