Filing Flows › Ameren (AEE) › Q3 2026 › vs Q2 2026
Ameren (AEE) Q3 2026 vs Q2 2026 (quarter over quarter)
Ameren's revenue rose $790M (+38%) from $2.1B in Q2 2026 to $2.9B in Q3 2026. The biggest changes: Electric +$835M (+44%); Natural gas −$45.0M (-22%). Operating margin 31.2% against 21.9% (+9.3 pts).
Ameren, Q3 2026: revenue $2.9B (+7% year over year), operating margin 31.2%, net earnings $677M, operating cash flow $1.0B. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Operating margin | 31.2% | 21.9% | +9.3 pts |
| Net margin | 23.5% | 15.1% | +8.4 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Electric | $2.7B | $1.9B | $835M | +44% |
| Natural gas | $160M | $205M | −$45.0M | -22% |
| Revenue | $2.9B | $2.1B | $790M | +38% |
| Operating profit | $900M | $459M | $441M | +96% |
| Costs & expenses | $2.0B | $1.6B | $349M | +21% |
| Pre-tax earnings | $796M | $368M | $428M | +116% |
| Other expense, net | $104M | $91.0M | $13.0M | +14% |
| Net earnings | $677M | $316M | $361M | +114% |
| Income tax | $119M | $52.0M | $67.0M | +129% |
| Depreciation & amortization | $436M | $424M | $12.0M | +3% |
| Share-based compensation | $8.0M | $8.0M | $0 | 0% |
| Working capital & other | $119M | −$22.0M | $141M | — |
| Operating cash flow | $1.0B | $770M | $232M | +30% |
| Capital expenditures | $1.4B | $1.1B | $357M | +33% |
| Negative free cash flow (OCF − capex) | $434M | $309M | $125M | +40% |
Questions
How much did Ameren's revenue grow quarter over quarter in Q3 2026?
Ameren's revenue rose $790M (+38%) from $2.1B in Q2 2026 to $2.9B in Q3 2026.
What drove Ameren's revenue change in Q3 2026?
Electric +$835M (+44%); Natural gas −$45.0M (-22%).