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Ameren Corporation

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Msg  21 of 29  at  2/23/2021 7:33:09 AM  by

jerrykrause


Ameren reports higher Q4'20 results YOY, tops estimates

 from SNL Energy Finance Daily
 
 

Ameren reports higher Q4'20 results YOY, tops estimates

 
 
Byline: Usman Khalid
 
 

Ameren Corp. on Feb. 18 reported net income of $116 million, or 46 cents per diluted share, for the fourth quarter of 2020, compared with $95 million, or 38 cents per diluted share, a year earlier.

The S&P Capital IQ consensus GAAP EPS estimate for the fourth quarter was 42 cents.

Quarterly operating revenues in the fourth quarter were $1.33 billion, compared to $1.32 billion a year prior. The utility also reported fourth-quarter operating income of $211 million, compared to $179 million a year earlier.

On a full-year basis, Ameren reported a net income of $877 million in 2020, compared to $834 million in 2019. Operating revenues in 2020 were $5.79 billion, compared to $5.91 billion in the previous year. Operating income was $1.30 billion, compared to $1.27 billion.

The company expects 2021 diluted earnings per share in the range of $3.65 to $3.85.

 


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