Description

Ameren’s $25 Billion Data Center Wave — Can Power Sales Surge 60%? – Major Drivers, Financial Forecasts, DCF & Comparable Valuation, ESG & Other Risks (9/26)

Ameren Corporation serves approximately 2.5 million electric and over 900,000 natural gas customers across Missouri and Illinois, operating nearly 10 gigawatts of generation capacity and an extensive transmission and distribution network. The company reported second quarter 2026 earnings of $1.13 per share, up from $1.01 per share in the prior year, primarily driven by earnings on substantial infrastructure investments. These gains were partially offset by increased operational costs due to enhanced tree trimming and energy center maintenance aimed at improving system reliability. The company reaffirmed its full-year 2026 earnings guidance within the range of $5.25 to $5.45 per share. Ameren’s strategic focus centers on delivering value to customers through targeted infrastructure investments, policy advocacy, and operational efficiency, which has yielded improvements in service reliability—achieving top quartile performance—while maintaining rate levels below regional and national averages. During the first half of 2026, Ameren invested more than $2.