Last $42.58 USD
Change Today +0.19 / 0.45%
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As of 8:04 PM 11/26/14 All times are local (Market data is delayed by at least 15 minutes).

ameren corporation (AEE) Key Developments

Ameren Corporation Announces Unaudited Consolidated Financial Results for the Third Quarter and Nine Months Ended September 30, 2014; Revises Earnings Guidance for the Full Year of 2014

Ameren Corporation announced unaudited consolidated financial results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported total operating revenues of $1,670 million against $1,638 million a year ago. Operating income was $561 million against $567 million a year ago. Income before income taxes was $490 million against $494 million a year ago. Income from continuing operations was $296 million against $307 million a year ago. Net income attributable to continuing operations was $294 million or $1.20 per diluted share against $305 million or $1.25 per diluted share a year ago. Net income attributable to company was $293 million or $1.20 per diluted share against $302 million or $1.24 per diluted share a year ago. The year-over-year decrease in third quarter 2014 earnings from continuing operations reflected this year's milder temperatures, which reduced native load electric sales volumes, as well as a higher effective income tax rate. In addition, depreciation and amortization expenses increased from the year-ago quarter. For the nine months, the company reported total operating revenues of $4,683 million against $4,516 million a year ago. Operating income was $1,129 million against $1,013 million a year ago. Income before income taxes was $903 million against $757 million a year ago. Income from continuing operations was $546 million against $469 million a year ago. Net income attributable to continuing operations was $541 million or $2.21 per diluted share against $464 million or $1.91 per diluted share a year ago. This earnings increase reflected the absence in the current year period of 2013 Callaway Nuclear Energy Center refueling and maintenance outage expenses, as well as a 2013 Missouri fuel adjustment clause-related charge. In 2014, a Callaway refueling outage is occurring in the fourth quarter, compared to a second quarter refueling outage in 2013. Net income attributable to company was $538 million or $2.20 per diluted share against $252 million or $1.03 per diluted share a year ago. Net cash provided by operating activities was $1,203 million against $1,314 million a year ago. Capital expenditures were $1,310 million against $943 million a year ago. Book value per share as on September 30, 2014 was $27.92. For the year, the company now expects diluted earnings per share to be in a range of $2.30 to $2.45 for 2014, compared to the prior range of $2.30 to $2.50 per share, reflecting the effect of mild third quarter 2014 temperatures. These mild temperatures reduced third quarter 2014 earnings by an estimated nine cents per share compared to normal. The company continues to expect the full year effective income tax rate will be approximately 39.5%. Free cash flow after dividends is now anticipated to be negative by approximately $820 million for 2014.

Ameren Corporation to Report Q3, 2014 Results on Nov 06, 2014

Ameren Corporation announced that they will report Q3, 2014 results at 10:00 AM, US Eastern Standard Time on Nov 06, 2014

Ameren Corporation, Q3 2014 Earnings Call, Nov 06, 2014

Ameren Corporation, Q3 2014 Earnings Call, Nov 06, 2014

Ameren Corporation Announces Quarterly Cash Dividend, Payable on December 31, 2014

The board of directors of Ameren Corporation declared a quarterly cash dividend on its common stock of 41 cents per share, a 2.5% increase from the prior quarterly cash dividend of 40 cents per share, resulting in an annualized equivalent dividend rate of $1.64 per share. The previous annualized equivalent dividend rate was $1.60 per share. The common share dividend is payable Dec. 31, 2014, to shareholders of record at the close of business on Dec. 10, 2014.

Ameren Corporation Presents at Barclays CEO Energy-Power Conference, Sep-03-2014 01:45 PM

Ameren Corporation Presents at Barclays CEO Energy-Power Conference, Sep-03-2014 01:45 PM. Venue: The Sheraton NY Hotel & Towers, 811 Seventh Ave, New York City, NY 10019, United States. Speakers: Martin J. Lyons, Chief Financial Officer and Executive Vice President.

 

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