Filing Flows › Ameren (AEE) › Q1 2025
Ameren (AEE) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 5, 2025
Ameren (AEE) reported revenue of $2.1B for the first quarter 2025 (Q1 2025), +15% from a year earlier and +8% from the quarter before. Operating margin was 20.5%, net earnings $290M (13.8% of revenue).
Ameren, Q1 2025: revenue $2.1B (+16% year over year), operating margin 20.5%, net earnings $290M, operating cash flow $431M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.1B | +8% | +15% |
| Operating profit | $430M | +117% | +16% |
| Net earnings | $290M | +39% | +11% |
| Operating cash flow | $431M | -47% | -12% |
What changed
Revenue was $2.1B in Q1 2025, up 15% year over year and up 8% from the previous quarter. Electric was the largest line at 77% of revenue. Electric added $0.26B year over year (up 19%), 92% of the total change.
Operating profit was $0.43B, a 20.5% margin (up 0.1 points year over year). Of the extra revenue versus a year earlier, 21% reached operating profit, above the 20% margin then. Total costs grew 15% against revenue growth of 15%. Net earnings were $0.29B, up 11% year over year. The effective tax rate was 14.7%.
Operating cash flow was $0.43B (down 12% year over year), 149% of net earnings. Non-cash charges added back $0.40B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items used $0.26B. Capital expenditures of $1.1B exceeded it, leaving free cash flow of −$0.63B.
Questions
What was Ameren's revenue in the first quarter 2025?
Ameren (AEE) reported revenue of $2.1B for the first quarter 2025 (Q1 2025), +15% from a year earlier and +8% from the quarter before.
Was Ameren profitable in the first quarter 2025?
Operating profit was $430M (20.5% of revenue) and net earnings $290M.
Source: Ameren 10-Q on SEC EDGAR.