Ameren AEE
Ameren, formed in 1997 and headquartered in St. 10-K, Item 1
- Headquarters
- St Louis, MO
- Next results
- around Feb 10, 2027
AEE among Utilities peers
Six ratios from the latest 10-K. Each corner is the share of 30 peers the company is above, not a score.
What changed
4 new risk paragraphs and 1 accounting fact worth reading about. 10-K filed Feb 18, 2026 against Feb 18, 2025.
Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.
Accounting checks
11 checks on the latest 10-K. Checks, not verdicts.
1fact worth reading about the other 10 checks found nothing to note
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Receivables growing faster than revenueReceivables +26.7% vs revenue +15.4% (+11.2 pts)
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Cash from operations $3.4B vs net income $1.5B (FY ending Dec 31, 2025)
9 more checks with nothing to note
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Inventory +1.6% vs revenue +15.4% (-13.9 pts)
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Same auditor in both 10-Ks: PricewaterhouseCoopers LLP
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No statement of substantial doubt about going concern
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No 8-K item 4.02 in the last 2 years
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No NT 10-K or NT 10-Q in the last 2 years
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The same matters as last year: Accounting for the Effects of Regulation
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No sentence in the 10-K concludes that controls were not effective because of a material weakness
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No 8-K item 2.06 in the last 2 years
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No 8-K item 1.03 in the last 2 years
In their words
4 paragraphs in Risk Factors that were not in the 10-K filed Feb 18, 2025. Quoted as filed.
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Item 1A · new paragraph · not in the 10-K filed Feb 18, 2025 10-K, ITEM 1A
Realized energy demand from current and potential new customers may differ significantly from forecasts.
New risk paragraphs, against peers
Latest 10-K of each, Utilities companies closest in revenue
Paragraphs in Risk Factors with nothing like them in the company's 10-K the year before. A count of text, not of risk.
Financial performance
Last 4 fiscal years · 10-K XBRL
| Metric | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|
| Revenue | $8.0B | $7.5B | $7.6B | $8.8B |
| Net income | $1.1B | $1.2B | $1.2B | $1.5B |
| Operating cash flow | $2.3B | $2.6B | $2.8B | $3.4B |
| Free cash flow | −$1.1B | −$1.0B | −$1.6B | −$775.0M |
Revenue, FY2016 to FY2025
Ten fiscal years, each from its own 10-K · XBRL · USD
$8.8B ▲ 15.4% in FY2025$1.5B ▲ 23.2% in FY2025−$775.0M in FY2025
Recent filings
2 filings in the last 30 days · SEC EDGAR
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10-QNov 6, 2026Quarterly report (10-Q) period ended Sep 30, 2026
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8-KNov 5, 2026Quarterly results, Other events 8-K items 2.02, 8.01
About the company
Ameren, St Louis, MO · from the 10-K filed Feb 18, 2026
Ameren, formed in 1997 and headquartered in St. Louis, Missouri, is a public utility holding company whose primary assets are its equity interests in its subsidiaries. Ameren’s subsidiaries are separate, independent legal entities with separate businesses, assets, and liabilities. Dividends on Ameren’s common stock and the payment of expenses by Ameren depend on distributions made to it by its subsidiaries. Below is a summary description of Ameren’s principal subsidiaries - Ameren Missouri, Ameren Illinois, and ATXI. Ameren also has other subsidiaries that conduct other activities, such as providing shared services.
- Headquarters
- St Louis, MO
- Country
- United States
- Listed on
- NYSE
- Fiscal year ends
- December 31
- Last results
- Nov 5, 2026
- Incorporated in
- MO
Email alerts
Sources
The 10-K filed Feb 18, 2026 (open at SEC), compared with the 10-K filed Feb 18, 2025. Numbers from the XBRL of the 10-Ks; filings from SEC EDGAR.
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