Ameren Q3 net income $369 millionStaff Writer | November 4, 2016
Ameren Corporation announced third quarter 2016 net income attributable to common shareholders of $369 million, or $1.52 per diluted share.
Ameren $1.52 per diluted share
The year-over-year third quarter earnings increase reflected higher 2016 electric sales to residential and commercial customers, driven by warmer summer temperatures.
Earnings in 2016 also benefited from increased electric transmission and electric and natural gas distribution infrastructure investments made by Ameren Transmission Company of Illinois (ATXI) and Ameren Illinois under modern, constructive regulatory frameworks.
These positive factors were partially offset by lower electric sales to the New Madrid, Missouri aluminum smelter.
The smelter, which was historically Ameren Missouri's largest customer and was formerly owned by Noranda Aluminum, Inc., suspended operations in early 2016.
Third quarter 2016 results also reflected increased Ameren Missouri depreciation expense. ■