Filing Flows › Ameren (AEE) › Q3 2026 › vs Q3 2025
Ameren (AEE) Q3 2026 vs Q3 2025 (year over year)
Ameren's revenue rose $183M (+7%) from $2.7B in Q3 2025 to $2.9B in Q3 2026. The biggest changes: Electric +$159M (+6%); Natural gas +$24.0M (+18%). Operating margin 31.2% against 30.6% (+0.7 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 Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Operating margin | 31.2% | 30.6% | +0.7 pts |
| Net margin | 23.5% | 23.7% | -0.3 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Electric | $2.7B | $2.6B | $159M | +6% |
| Natural gas | $160M | $136M | $24.0M | +18% |
| Revenue | $2.9B | $2.7B | $183M | +7% |
| Operating profit | $900M | $825M | $75.0M | +9% |
| Costs & expenses | $2.0B | $1.9B | $108M | +6% |
| Pre-tax earnings | $796M | $693M | $103M | +15% |
| Other expense, net | $104M | $132M | −$28.0M | -21% |
| Net earnings | $677M | $641M | $36.0M | +6% |
| Income tax | $119M | $52.0M | $67.0M | +129% |
| Depreciation & amortization | $436M | $406M | $30.0M | +7% |
| Share-based compensation | $8.0M | $7.0M | $1.0M | +14% |
| Working capital & other | $119M | −$50.0M | $169M | — |
| Operating cash flow | $1.0B | $1.1B | −$102M | -9% |
| Capital expenditures | $1.4B | $988M | $448M | +45% |
| Negative free cash flow (OCF − capex) | $434M | −$116M | $550M | — |
Questions
How much did Ameren's revenue grow year over year in Q3 2026?
Ameren's revenue rose $183M (+7%) from $2.7B in Q3 2025 to $2.9B in Q3 2026.
What drove Ameren's revenue change in Q3 2026?
Electric +$159M (+6%); Natural gas +$24.0M (+18%).