Opening its latest reports…Reading every line of the four statements…Putting it into plain words…
AEEAmeren Corp
The four financial statements
Every company that sells shares in the US files four statements with the SEC. Together they show whether Ameren made money, what it owns and owes, where its cash went, and what changed for its shareholders. Below is every line exactly as Ameren filed it, with what each one means in plain English.
As filed with the SEC on Feb 18, 2026 · the full report · SEC's figures viewer
Income statement · also called the statement of operations, statement of earnings or profit and loss
Did it make money?
Read it from the top down. It starts with everything customers paid (sales), takes away the cost of making what was sold, then the costs of running the company, then interest and tax. What is left at the bottom is profit (net income), the part that belongs to shareholders. It covers a stretch of time: a year, or a quarter.
- People usually check: Are sales growing compared with a year earlier?
- People usually check: How much of each dollar of sales is left at each step (the margins)?
- People usually check: Is profit growing faster or slower than sales?
Point at or tap a bar to see the lines inside it.
Out of every $100 of sales
- costs of running the business: $77
- other income and costs: $5
- income tax: $2
- kept as profit: $16.6
Every line, explained
| Line (tap for what it means) | 12 months to Dec 31, 2025 | 12 months to Dec 31, 2024 | 12 months to Dec 31, 2023 |
|---|---|---|---|
| Operating Revenues | |||
| $8.8B▲ 15% | $7.6B | $7.5B | |
| Operating Expenses | |||
| $2.3B▲ 37% | $1.7B | $1.8B | |
| $348.0M▲ 8.8% | $320.0M | $355.0M | |
| $2.0B▲ 0.3% | $2.0B | $1.9B | |
| $1.6B▼ 1.4% | $1.6B | $1.4B | |
| $577.0M▲ 5.5% | $547.0M | $522.0M | |
| $6.8B▲ 11% | $6.1B | $5.9B | |
| $2.0B▲ 34% | $1.5B | $1.6B | |
| $347.0M▼ 17% | $417.0M | $348.0M | |
| $776.0M▲ 17% | $663.0M | $566.0M | |
| $1.6B▲ 26% | $1.3B | $1.3B | |
| $136.0M▲ 64% | $83.0M | $183.0M | |
| $1.5B▲ 23% | $1.2B | $1.2B | |
| $5.0M | $5.0M | $5.0M | |
| $1.5B▲ 23% | $1.2B | $1.2B | |
| $3.0M | −$3.0M | −$5.0M | |
| $3.0M | $3.0M | $0 | |
| $1.5B▲ 24% | $1.2B | $1.2B | |
| $5.0M | $5.0M | $5.0M | |
| $1.5B▲ 24% | $1.2B | $1.1B | |
| $5.0M | $5.0M | $5.0M | |
| Earnings per Common Share – Basic | |||
| $5.38▲ 21% | $4.43 | $4.39 | |
| Earnings per Common Share – Diluted | |||
| $5.35▲ 21% | $4.42 | $4.38 | |
| 270.5M shares▲ 1.4% | 266.8M shares | 262.8M shares | |
| 272.2M shares▲ 1.8% | 267.4M shares | 263.4M shares | |
Split by Ameren Missouri, Ameren Illinois, Electric, Electric | Ameren Missouri and more
| Ameren Missouri | |||
|---|---|---|---|
| Sales, including sales taxes collected (Operating revenues) | $4.8B | $4.0B | $3.9B |
| Other item (Utilities Operating Expense, Fuel Used and Purchased Power) | $1.5B | $1.1B | $997.0M |
| Other item (Natural gas purchased for resale) | $65.0M | $60.0M | $79.0M |
| Other item (Other operations and maintenance) | $1.0B | $1.1B | $1.0B |
| Wear and tear (depreciation and amortization) (Depreciation and amortization) | $860.0M | $917.0M | $783.0M |
| Income tax (Taxes other than income taxes) | $393.0M | $372.0M | $360.0M |
| Total running costs (operating expenses) (Total operating expenses) | $3.9B | $3.5B | $3.2B |
| Profit from the main business (operating income) (Operating Income) | $910.0M | $523.0M | $637.0M |
| Other income and costs (Other Income, Net) | $180.0M | $196.0M | $130.0M |
| Interest paid on debt (Interest Charges) | $297.0M | $244.0M | $227.0M |
| Profit before tax (Income Before Income Taxes) | $793.0M | $475.0M | $540.0M |
| Income tax (Income Taxes) | $43.0M | −$87.0M | −$8.0M |
| Profit (net income) (Net Income) | $750.0M | $562.0M | $548.0M |
| Profit for ordinary shareholders (Net Income Attributable to Ameren Common Shareholders) | $747.0M | $559.0M | $545.0M |
| Dividends (Preferred Stock Dividends) | $3.0M | $3.0M | $3.0M |
| Ameren Illinois | |||
| Sales, including sales taxes collected (Operating revenues) | $3.8B | $3.5B | $3.5B |
| Other item (Purchased power) | $781.0M | $621.0M | $820.0M |
| Other item (Natural gas purchased for resale) | $283.0M | $260.0M | $276.0M |
| Other item (Other operations and maintenance) | $945.0M | $906.0M | $818.0M |
| Wear and tear (depreciation and amortization) (Depreciation and amortization) | $652.0M | $619.0M | $556.0M |
| Income tax (Taxes other than income taxes) | $169.0M | $157.0M | $146.0M |
| Total running costs (operating expenses) (Total operating expenses) | $2.8B | $2.6B | $2.6B |
| Profit from the main business (operating income) (Operating Income) | $1.0B | $909.0M | $866.0M |
| Other income and costs (Other Income, Net) | $136.0M | $147.0M | $156.0M |
| Interest paid on debt (Interest Charges) | $260.0M | $241.0M | $204.0M |
| Profit before tax (Income Before Income Taxes) | $890.0M | $815.0M | $818.0M |
| Income tax (Income Taxes) | $153.0M | $193.0M | $209.0M |
| Profit (net income) (Net Income) | $737.0M | $622.0M | $609.0M |
| Profit for ordinary shareholders (Net Income Attributable to Ameren Common Shareholders) | $735.0M | $620.0M | $607.0M |
| Dividends (Preferred Stock Dividends) | $2.0M | $2.0M | $2.0M |
| Electric | |||
| Sales, including sales taxes collected (Operating revenues) | $7.7B | $6.5B | $6.4B |
| Electric | Ameren Missouri | |||
| Sales, including sales taxes collected (Operating revenues) | $4.6B | $3.8B | $3.7B |
| Electric | Ameren Illinois | |||
| Sales, including sales taxes collected (Operating revenues) | $2.9B | $2.5B | $2.6B |
| Natural gas | |||
| Sales, including sales taxes collected (Operating revenues) | $1.1B | $1.1B | $1.1B |
| Natural gas | Ameren Missouri | |||
| Sales, including sales taxes collected (Operating revenues) | $164.0M | $146.0M | $165.0M |
| Natural gas | Ameren Illinois | |||
| Sales, including sales taxes collected (Operating revenues) | $968.0M | $938.0M | $897.0M |
Every line as the company filed it (USD ($), shares in Millions, $ in Millions), shown in full dollars. See this statement on SEC.