Ameren

Ameren’s revenue and earnings are predominantly regulated and thus relatively predictable. Management guides to a 6 to 8 percent EPS CAGR from 2025 to 2029, supported by approximately 9.2 percent rate base CAGR and a large, visible investment pipeline across distribution, transmission, and balanced generation.

TTM EPS is about 4.55 using 2024 GAAP EPS of 4.42 plus year‑to‑date 2025 EPS of 2.08 less the prior‑year comparable 1.95. Weather and interest expense introduce some variability but the overall earnings trajectory is stable.

Growing data center and industrial load in Missouri adds a structural demand tailwind that could positively surprise if projects convert as anticipated.