AEE FINANCIAL STATEMENTS

Ameren Corp — balance sheet, income statement and cash flow trends

AEEAmeren Corp

🇺🇸 USA · US · Utilities · Utilities - Regulated Electric

Value it Duel

Income Statement

Quarterly progression — trailing-twelve-month values

RevenueNet Income

Profit Funnel

Q1 2026 · TTM

Percentages are relative to revenue.

Key Figures

YoY change

Revenue8.9 B $+12.3%

Gross Profit3.5 B $-6.2%

Operating Income2.1 B $+35.1%

EBITDA4.1 B $+11.4%

Net Income1.5 B $+26.0%

Peer Comparison· Utilities - Regulated Electric

Company	Rev. Growth	Gross Margin	EBITDA Margin	Net Margin
AEE	12.3%	39.4%	46.1%	17.2%
FTS	4.1%	32.6%	49.0%	14.8%
H	6.4%	27.4%	36.2%	14.8%
ELE	-1.6%	34.5%	26.6%	11.2%
EMA	3.1%	17.7%	36.1%	13.2%
RED	35.5%	85.6%	76.4%	30.1%
Industry median	7.9%	40.7%	40.4%	13.6%

Company	Rev. Growth	Gross Margin	EBITDA Margin	Net Margin
AEE	12.3%	39.4%	46.1%	17.2%
DTE	19.6%	39.4%	26.5%	7.7%
CNP	5.2%	41.3%	40.7%	11.4%
EIX	13.1%	37.7%	38.4%	18.9%
FE	11.3%	53.8%	28.9%	6.9%
ES	9.8%	39.9%	40.4%	12.5%
Industry median	7.9%	40.7%	40.4%	13.6%

Balance Sheet

Quarterly period-end values

Total AssetsTotal LiabilitiesEquity

Capital Structure

Q1 2026

Equity13.6 B $27%
Current Liabilities4.1 B $8%
Long-term Liabilities32 B $64%

Key Figures

YoY change

Total Assets49.8 B $+9.2%

Total Liabilities36.2 B $+8.5%

Total Equity13.6 B $+10.9%

Cash & ST Investments13 M $-43.5%

Total Debt20.1 B $+2.6%

Net Debt1.1 B $-94.3%

Peer Comparison· Utilities - Regulated Electric

Company	Current Ratio	Debt/Equity	NetDebt/EBITDA	Equity/Assets
AEE	0.62	148.5%	4.92	27.2%
FTS	0.49	145.2%	5.86	31.8%
H	0.54	149.2%	5.69	32.3%
ELE	1.00	135.0%	2.06	21.6%
EMA	1.07	168.8%	7.34	29.5%
RED	1.14	—	—	34.0%
Industry median	0.78	161.2%	5.63	28.1%

Company	Current Ratio	Debt/Equity	NetDebt/EBITDA	Equity/Assets
AEE	0.62	148.5%	4.92	27.2%
DTE	0.95	218.9%	6.16	22.4%
CNP	1.16	215.6%	6.13	23.9%
EIX	0.74	246.5%	5.65	18.3%
FE	0.52	221.7%	6.24	22.2%
ES	0.65	183.5%	5.34	25.5%
Industry median	0.78	161.2%	5.63	28.1%

Cash Flow Statement

Quarterly progression — trailing-twelve-month values

Operating Cash FlowCapital ExpendituresFree Cash Flow

Cash Flow Bridge

Q1 2026 · TTM

Key Figures

YoY change

Operating Cash Flow3.3 B $+23.7%

Capital Expenditures4.7 B $+1.7%

Free Cash Flow-1.3 B $—

Dividends Paid-785 M $-208.0%

Peer Comparison· Utilities - Regulated Electric

Company	CF Margin	FCF Margin	CapEx Ratio	CF/Net Income
AEE	37.7%	-14.9%	52.6%	219.4%
FTS	32.4%	-17.6%	50.0%	219.3%
H	27.8%	-5.0%	32.8%	188.0%
ELE	19.1%	10.1%	8.9%	170.8%
EMA	22.7%	-22.8%	45.5%	171.8%
RED	47.9%	-56.4%	66.9%	159.3%
Industry median	29.1%	-9.0%	44.9%	208.0%

Company	CF Margin	FCF Margin	CapEx Ratio	CF/Net Income
AEE	37.7%	-14.9%	52.6%	219.4%
DTE	20.3%	-9.0%	29.3%	262.1%
CNP	25.1%	-28.4%	53.4%	220.2%
EIX	30.6%	-3.3%	33.9%	162.2%
FE	20.7%	11.6%	37.8%	301.5%
ES	31.6%	1.7%	29.9%	251.5%
Industry median	29.1%	-9.0%	44.9%	208.0%

Amounts are in the company’s reporting currency. Peer comparison tables use ratio-based metrics so currency differences do not distort the picture.

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Data on this page refreshes once per day. Price data as of Jul 6, 26. This content is for informational purposes only and is not investment advice.