Ameren Q1 net income $191 millionChristian Fernsby ▼ | May 10, 2019
Ameren Corporation announced first quarter 2019 net income attributable to common shareholders of $191 million, or $0.78 per diluted share, compared to first quarter 2018 net income attributable to common shareholders of $151 million, or $0.62 per diluted share.
Ameren Ameren Illinois Natural Gas earnings increased as a result of higher delivery
Ameren Illinois Natural Gas earnings increased as a result of higher delivery service rates and a change in rate design.
Increased infrastructure investments drove higher earnings at Ameren Transmission and Ameren Illinois Electric Distribution, each of which benefits from formulaic ratemaking.
Ameren Missouri earnings also rose reflecting higher weather-driven electric retail sales and energy efficiency performance incentives that offset the comparative impacts of timing differences in 2018 between income tax expense and revenue reductions related to federal tax reform.
The first quarter earnings comparison also benefited from a lower consolidated effective income tax rate.
"Our first quarter results reflect the strong execution of our strategy across all of our jurisdictions, which we believe will continue to deliver superior value to our customers and shareholders," said Warner L. Baxter, chairman, president and chief executive officer of Ameren Corporation.
"We remain on track to deliver within our 2019 earnings per share guidance range of $3.15 to $3.35." ■