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AMEREN CORP

For the period ended Dec 31, 2025. Filed Feb 18, 2026.

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About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2025 · Filed Feb 18, 2026

AEE$114.02+1.0%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Operating Statistics

The following tables present key electric and natural gas operating statistics for Ameren for the past three years:

Electric Operating Statistics – Year Ended December 31,202520242023
Electric Sales – kilowatthours (in millions):
Ameren Missouri:
Residential13,67513,04112,839
Commercial13,97213,62013,466
Industrial4,0874,0963,977
Street lighting and public authority626571
Ameren Missouri retail load subtotal31,79630,82230,353
Off-system sales3,4664,0114,145
Ameren Missouri total35,26234,83334,498
Ameren Illinois Electric Distribution(a):
Residential11,51610,94510,774
Commercial11,75511,63111,602
Industrial10,48510,94910,740
Street lighting and public authority398386385
Ameren Illinois Electric Distribution total34,15433,91133,501
Eliminate affiliate sales——(30)
Ameren total69,41668,74467,969
Electric Operating Revenues (in millions):
Ameren Missouri:
Residential$1,839$1,638$1,577
Commercial1,4501,3131,280
Industrial342311306
Other, including street lighting and public authority88100124
Ameren Missouri retail load subtotal$3,719$3,362$3,287
Off-system sales and capacity912485407
Ameren Missouri total$4,631$3,847$3,694
Ameren Illinois Electric Distribution:
Residential$1,483$1,254$1,344
Commercial785680747
Industrial199178186
Other, including street lighting and public authority(68)(23)(59)
Ameren Illinois Electric Distribution total$2,399$2,089$2,218
Ameren Transmission:
Ameren Illinois Transmission(b)$637$564$480
ATXI226218198
Eliminate affiliate revenues(1)(1)(1)
Ameren Transmission total$862$781$677
Other and intersegment eliminations(224)(177)(150)
Ameren total$7,668$6,540$6,439

(a)Sales for which power was supplied by Ameren Illinois as well as alternative retail electric suppliers. In 2025, 2024, and 2023, Ameren Illinois procured power on behalf of its customers for 28%, 25%, and 28%, respectively, of its total kilowatthour sales.

(b)Includes $160 million, $119 million, and $113 million in 2025, 2024, and 2023, respectively, of electric operating revenues from transmission services provided to Ameren Illinois Electric Distribution.

Electric Operating Statistics – Year Ended December 31, · 2025 · 2024 · 2023
Ameren Missouri fuel costs (cents per kilowatthour generated)(a)1.34¢1.27¢1.29¢
Source of Ameren Missouri energy supply:
Coal56.5%50.5%54.6%
Nuclear19.429.125.6
Hydroelectric3.53.52.4
Wind3.64.44.9
Natural gas1.81.01.1
Methane gas and solar3.00.20.2
Purchased power – wind—0.40.6
Purchased power – other12.210.910.6
Ameren Missouri total100.0%100.0%100.0%

(a) Ameren Missouri fuel costs exclude $(96) million, $34 million, and $72 million in 2025, 2024, and 2023, respectively, for changes in FAC recoveries.

Natural Gas Operating Statistics – Year Ended December 31,202520242023
Natural Gas Sales – dekatherms (in millions):
Ameren Missouri:
Residential766
Commercial433
Industrial111
Transport989
Ameren Missouri total211819
Ameren Illinois Natural Gas:
Residential524747
Commercial161414
Industrial333
Transport1009999
Ameren Illinois Natural Gas total171163163
Ameren total192181182
Natural Gas Operating Revenues (in millions):
Ameren Missouri:
Residential$101$90$100
Commercial443746
Industrial545
Transport and other141514
Ameren Missouri total$164$146$165
Ameren Illinois Natural Gas:
Residential$680$661$657
Commercial185166164
Industrial121014
Transport and other9110162
Ameren Illinois Natural Gas total$968$938$897
Other and intercompany eliminations(1)(1)(1)
Ameren total$1,131$1,083$1,061
Rate Base Statistics – At December 31,202520242023
Rate Base (in billions):
Electric transmission and distribution$20.3$18.5$17.5
Natural gas transmission and distribution3.53.33.2
Coal generation:
Labadie Energy Center1.11.00.9
Sioux Energy Center0.50.60.6
Rush Island Energy Center (retired in October 2024)——0.4
Coal generation total1.61.61.9
Nuclear generation1.61.51.5
Renewable generation (hydroelectric, wind, solar, methane gas)2.42.41.4
Natural gas generation0.40.40.3
Rate base total$29.8$27.7$25.8
ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.