Ameren Corporation’s (AEE - Free Report) first-quarter 2019 earnings of 78 cents per share from continuing operations surpassed the Zacks Consensus Estimate of 70 cents by 11.4%. The bottom line also improved by 25.8% from the year-ago quarter’s 62 cents.
Total Revenues
Total revenues came in at $1,556 million in the reported quarter, which declined 1.8% year over year owing to lower electric sales volumes.
Highlights of the Release
Ameren’s total electricity sales volumes declined 3.3% to 19,217 million kilowatt hours (kWh) compared with 19,869 million kWh in the year-ago quarter. However, gas volumes expanded 6.5% to 82 million dekatherms.
Total operating expenses summed $1,268 million, down 3.35% year over year. Interest expenses were $97 million compared with $101 million a year ago.
The company’s operating income increased 5.5% to $288 million from $273 million in the year-ago quarter.
Segment Results
Ameren Missouri segment reported operating income of $39 million in the first quarter compared with $38 million in the year-ago quarter.
Ameren Illinois Electric Distribution segment reported operating income of $36 million in the first quarter compared with $33 million in the year-ago quarter.
Ameren Illinois Natural Gas segment reported operating income of $57 million compared with $42 million in the year-ago quarter.
Ameren Transmission segment reported operating income of $44 million in the first quarter compared with $37 million in the year-ago quarter.
Ameren Corporation Price, Consensus and EPS Surprise
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Ameren Corporation’s (AEE - Free Report) first-quarter 2019 earnings of 78 cents per share from continuing operations surpassed the Zacks Consensus Estimate of 70 cents by 11.4%. The bottom line also improved by 25.8% from the year-ago quarter’s 62 cents.
Total Revenues
Total revenues came in at $1,556 million in the reported quarter, which declined 1.8% year over year owing to lower electric sales volumes.
Highlights of the Release
Ameren’s total electricity sales volumes declined 3.3% to 19,217 million kilowatt hours (kWh) compared with 19,869 million kWh in the year-ago quarter. However, gas volumes expanded 6.5% to 82 million dekatherms.
Total operating expenses summed $1,268 million, down 3.35% year over year. Interest expenses were $97 million compared with $101 million a year ago.
The company’s operating income increased 5.5% to $288 million from $273 million in the year-ago quarter.
Segment Results
Ameren Missouri segment reported operating income of $39 million in the first quarter compared with $38 million in the year-ago quarter.
Ameren Illinois Electric Distribution segment reported operating income of $36 million in the first quarter compared with $33 million in the year-ago quarter.
Ameren Illinois Natural Gas segment reported operating income of $57 million compared with $42 million in the year-ago quarter.
Ameren Transmission segment reported operating income of $44 million in the first quarter compared with $37 million in the year-ago quarter.
Ameren Corporation Price, Consensus and EPS Surprise
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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