Ameren Corp (NYSE: AEE), a leading public utility holding company, has announced financial results for the fourth quarter of 2023. The company also issued guidance for 2024 earnings and long-term growth.
- Q4 net income declined to $158 million or $0.60 per share from $163 billion or $0.63 per share a year earlier
- Total operating revenues decreased to $1.62 billion in the fourth quarter from $2.05 billion a year earlier
- At $264 million, Q4 operating income was down 4% year-over-year
- The management expects full-year 2024 earnings per share to be in the range of $4.52 to $4.72
- At the midpoint of the FY4 guidance, the company expects earnings to grow at a 6% to 8% compound annual rate from 2024 through 2028
- The multi-year earnings growth is expected to be driven by projected rate base growth of about 8.2% compounded annually from 2023 through 2028
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