Filing Flows › Ameren (AEE) › How it makes money
How Ameren (AEE) makes money
Ameren (AEE) made $2.9B of revenue in the third quarter 2026 (Q3 2026), +7% from a year earlier. Electric brought in $2.7B (94%); Natural gas brought in $160M (6%). Of every dollar of revenue, 31¢ was left as operating profit, 23¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q3 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Electric | $2.7B | 94.4% | +44% | +6% |
| Natural gas | $160M | 5.6% | -22% | +18% |
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $2.9B | 100.0% |
| Operating profit | $900M | 31.2% |
| Income tax | $119M | 4.1% |
| Net earnings | $677M | 23.5% |
| Operating cash flow | $1.0B | 34.8% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $2.9B | +7% |
| Q2 2026 | $2.1B | -6% |
| Q1 2026 | $2.2B | +4% |
| Q4 2025 | $1.8B | -8% |
| Q3 2025 | $2.7B | +24% |
| Q2 2025 | $2.2B | +31% |
| Q1 2025 | $2.1B | +16% |
From Ameren's 10-Q filed Nov 6, 2026 (on EDGAR).
Questions
How does Ameren make money?
Ameren (AEE) made $2.9B of revenue in the third quarter 2026 (Q3 2026), +7% from a year earlier. Electric brought in $2.7B (94%); Natural gas brought in $160M (6%). Of every dollar of revenue, 31¢ was left as operating profit, 23¢ was left as net earnings.
What is Ameren's biggest business?
Electric: $2.7B in the third quarter 2026, 94% of revenue, +6% from a year earlier.
What is Ameren's profit margin?
Net earnings were $677M, 23.5% of revenue, in the third quarter 2026; the operating margin was 31.2%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.