Filing Flows › Ameren (AEE) › Q2 2025
Ameren (AEE) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 4, 2025
Ameren (AEE) reported revenue of $2.2B for the second quarter 2025 (Q2 2025), +31% from a year earlier and +6% from the quarter before. Operating margin was 18.5%, net earnings $275M (12.4% of revenue).
Ameren, Q2 2025: revenue $2.2B (+31% year over year), operating margin 18.5%, net earnings $275M, operating cash flow $862M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.2B | +6% | +31% |
| Operating profit | $411M | -4% | +14% |
| Net earnings | $275M | -5% | +7% |
| Operating cash flow | $862M | +100% | +55% |
What changed
Revenue was $2.2B in Q2 2025, up 31% year over year and up 6% from the previous quarter. Electric was the largest line at 92% of revenue. Electric added $0.52B year over year (up 34%), 98% of the total change.
Operating profit was $0.41B, a 18.5% margin (down 2.8 points year over year). Of the extra revenue versus a year earlier, 9% reached operating profit, below the 21% margin then. Total costs grew 36% against revenue growth of 31%. Net earnings were $0.28B, up 7% year over year. The effective tax rate was 13.4%.
Operating cash flow was $0.86B (up 55% year over year), 311% 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 added $0.18B. Capital expenditures of $1.1B exceeded it, leaving free cash flow of −$0.20B.
Questions
What was Ameren's revenue in the second quarter 2025?
Ameren (AEE) reported revenue of $2.2B for the second quarter 2025 (Q2 2025), +31% from a year earlier and +6% from the quarter before.
Was Ameren profitable in the second quarter 2025?
Operating profit was $411M (18.5% of revenue) and net earnings $275M.
Source: Ameren 10-Q on SEC EDGAR.