AEEAmeren

Utilities · Electric & Gas Utilities · NYSE

Ameren, formed in 1997 and headquartered in St. 10-K, Item 1

Headquarters: St Louis, MO
Next results: around Feb 10, 2027

RevenueFY2016–25 $8.8B+15.4% Highest in 10 years 10-K FY2025 · XBRL Net incomeFY2016–25 $1.5B+23.2% Highest in 10 years 10-K FY2025 · XBRL Free cash flowFY2016–25 −$775.0M FY2024: −$1.6B 10-K FY2025 · XBRL Operating marginFY2016–25 23.0%+3.1 pts 21.8% in FY2016 10-K FY2025 · XBRL

What changed

10-K filed Feb 18, 2026 against Feb 18, 2025

Area	What changed	Source
Risk factors	4 new paragraphs, nothing like them in the previous 10-K	10-K Item 1A
Receivables growing faster than revenue	Receivables +26.7% vs revenue +15.4% (+11.2 pts)	10-K · XBRL
Accounting checks	10 other checks clear, 1 worth a look	10-K · XBRL
Insiders	No open-market buys in the last 90 days	Form 4
Filings	2 in the last 30 days	EDGAR

Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.

What's new, in their words

10-K filed Feb 18, 2026

Paragraphs in Risk Factors that were not in the 10-K filed 2025-02-18. Quoted as filed.

Realized energy demand from current and potential new customers may differ significantly from forecasts.
10-K, Item 1A

All 4 new paragraphs →

Accounting checks

latest 10-K

10 of 11 clear 1 worth a look. Checks, not verdicts.

!
Receivables growing faster than revenueReceivables +26.7% vs revenue +15.4% (+11.2 pts)
✓
Cash from operations $3.4B vs net income $1.5B (FY ending 2025-12-31)
✓
Inventory +1.6% vs revenue +15.4% (-13.9 pts)
✓
Same auditor in both 10-Ks: PricewaterhouseCoopers LLP
✓
No statement of substantial doubt about going concern
✓
No 8-K item 4.02 in the last 2 years
✓
No NT 10-K or NT 10-Q in the last 2 years
✓
The same matters as last year: Accounting for the Effects of Regulation
✓
No sentence in the 10-K concludes that controls were not effective because of a material weakness
✓
No 8-K item 2.06 in the last 2 years
✓
No 8-K item 1.03 in the last 2 years

How each check works, with sources →

In the last 30 days

All filings →

Nov 6, 202610-Q Quarterly report (10-Q) period ended Sep 30, 2026
Nov 5, 20268-K Quarterly results, Other events 8-K items 2.02, 8.01

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