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Ameren (AEE) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 3, 2026
Ameren (AEE) reported revenue of $2.1B for the second quarter 2026 (Q2 2026), -6% from a year earlier and -4% from the quarter before. Operating margin was 21.9%, net earnings $316M (15.1% of revenue).
Ameren, Q2 2026: revenue $2.1B (-6% year over year), operating margin 21.9%, net earnings $316M, operating cash flow $770M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.1B | -4% | -6% |
| Operating profit | $459M | -14% | +12% |
| Net earnings | $316M | -12% | +14% |
| Operating cash flow | $770M | +83% | -11% |
What changed
Revenue was $2.1B in Q2 2026, down 6% year over year and down 4% from the previous quarter. Electric was the largest line at 90% of revenue. Electric lost $0.15B year over year (down 7%), 117% of the total change.
Operating profit was $0.46B, a 21.9% margin (up 3.4 points year over year). Total costs fell 10% while revenue fell 6%. Net earnings were $0.31B, up 14% year over year. The effective tax rate was 14.1%.
Operating cash flow was $0.77B (down 11% year over year), 244% of net earnings. Non-cash charges added back $0.42B of depreciation and amortization and $0.01B of share-based compensation. Capital expenditures of $1.1B exceeded it, leaving free cash flow of −$0.31B.
Questions
What was Ameren's revenue in the second quarter 2026?
Ameren (AEE) reported revenue of $2.1B for the second quarter 2026 (Q2 2026), -6% from a year earlier and -4% from the quarter before.
Was Ameren profitable in the second quarter 2026?
Operating profit was $459M (21.9% of revenue) and net earnings $316M.
Source: Ameren 10-Q on SEC EDGAR.