Ameren, Q3 2026 Earnings Call Transcript

Ameren raised its 2026 EPS guidance to $5.35–$5.55 and forecast 2027 EPS of $5.70–$5.90, with long-term annual EPS growth of 8%–10% from 2027 through 2031. The outlook is supported by rising energy demand, including 2.8 GW of signed large-load agreements, and a $38.1 billion five-year infrastructure plan expected to drive 13.3% annual rate-base growth. EPS growth is projected near the upper end of the range in 2028 and 2029 as large-load sales ramp; further agreements could add upside, though construction delays could affect the pace of sales and earnings growth. The company plans balanced financing, including about $5 billion in equity issuance, and says large customers will bear the costs of serving their operations.