Sector: Utilities|Industry: Utilities - Regulated Electric|Market Cap: $23.72B|Employees: 9.4K
Ameren Corporation is a public utility holding company that primarily operates in the electric and natural gas sectors. The company's core business model involves the generation, transmission, and distribution of electricity, as well as the distribution of natural gas to a wide range of customers. Ameren's key markets are located in Missouri and Illinois, where it holds a significant market position with a focus on regulated operations.
Total operating revenues decreased from $2,062 million in Q1 2023 to $1,816 million in Q1 2024, driven by a decrease in electric and natural gas revenues. The electric revenue decreased from $1,590 million to $1,364 million, while natural gas revenue decreased from $472 million to $452 million.
Net income attributable to Ameren common shareholders decreased slightly from $264 million in Q1 2023 to $261 million in Q1 2024. This was primarily due to increased other operations and maintenance expenses and increased income tax expense.
Earnings per diluted share decreased slightly from $1.00 in Q1 2023 to $0.98 in Q1 2024. This decrease is consistent with the slight decrease in net income attributable to common shareholders.