Friday, public utility holding company Ameren Corp. (AEE) reported a rise in second-quarter profit, primarily boosted by a gain from hedging, compared to same period last year. The company also raised its GAAP outlook for the full year and reaffirmed non-GAAP earnings.
The St. Louis, Missouri-based Ameren's second-quarter net income increased to $206 million or $0.98 per share from $143 million or $0.69 per share in the same period a year ago. Net income for the quarter included a net unrealized gain of $48 million from non-qualifying hedges.
On a non-GAAP basis, net income was $142 million or $0.67 per share, compared to $138 million or $0.67 per share in the year-ago period.
On average, four analysts polled by First Call/Thomson Financial expected the company to report earnings of $0.73 per share.
Quarterly total operating revenues increased to $1.79 billion from $1.73 billion in the prior-year period.
For the first six months of fiscal 2008, net income increased to $344 million or $1.64 per share, from $266 million or $1.29 per share in the comparable six-month period last year.
On a non-GAAP basis, first-half net income was $276 million or $1.31 per share, compared to $283 million, or $1.38 per share in the year-ago period.
Half-yearly total operating revenues increased to $3.87 billion from $3.75 billion previous year.
Looking forward, the company raised its full year GAAP earnings guidance to be in the range of $2.80 to $3.20 per share, up from the previous estimate of $2.68 to $3.08 per share. Ameren also reaffirmed its guidance for core non-GAAP earnings to be in the range of $2.80 to $3.20 per share.
Analysts, on average, expect earnings of $3.09 per share for the full year.
AEE is currently trading at $39.49, down $1.60, or 3.89% on NYSE.
For comments and feedback contact: editorial@rttnews.com
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.