PR Newswire
ST. LOUIS, Aug. 5, 2016
ST. LOUIS, Aug. 5, 2016 /PRNewswire/ -- Ameren Corporation (NYSE: AEE) today announced second quarter 2016 GAAP and core (non-GAAP) net income attributable to common shareholders of $147 million, or 61 cents per share, compared to second quarter 2015 GAAP net income attributable to common shareholders of $150 million, or 61 cents per share. Excluding certain items discussed below, Ameren recorded second quarter 2015 core (non-GAAP) net income of $141 million, or 58 cents per share.
GAAP earnings for the second quarter of 2015 included results from discontinued operations and a loss provision for discontinuing the pursuit of a construction and operating license (COL) for a second Callaway nuclear unit that were excluded from core earnings. The year-over-year second quarter GAAP and core earnings comparisons reflect higher 2016 retail electric sales volumes, excluding those to Noranda Aluminum, driven by warmer early 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 expenses for a 2016 scheduled nuclear refueling and maintenance outage at Ameren Missouri's Callaway Energy Center and lower electric sales volumes to Noranda, historically Ameren Missouri's largest customer who suspended operations in early 2016.
"Our team continued to successfully execute all elements of our strategy. That performance drove solid second quarter earnings results, which also benefited from warmer-than-normal early summer temperatures," said Warner L. Baxter, chairman, president and chief executive officer of Ameren Corporation. "As a result of these solid earnings, I am pleased to report that we have raised our 2016 guidance to a range of $2.45 to $2.65 per share, up from our prior range of $2.40 to $2.60 per share."
Ameren recorded GAAP and core net income attributable to common shareholders for the six months ended June 30, 2016, of $252 million, or $1.04 per share, compared to GAAP net income attributable to common shareholders of $258 million, or $1.06 per share, for the same period in 2015. Excluding certain items discussed below, Ameren recorded core earnings of $249 million, or $1.03 per share, for the six months ended June 30, 2015.
GAAP earnings for the first six months of 2015 included results from discontinued operations and a provision for a Callaway COL that were excluded from core earnings. The year-over-year six-month GAAP and core earnings comparisons reflect increased 2016 electric transmission and electric and natural gas distribution infrastructure investments made by ATXI and Ameren Illinois. These comparisons also benefited from a decrease in the 2016 effective income tax rate due to the recognition of tax benefits associated with share-based compensation and from increased Illinois natural gas distribution service rates. These positive factors were partially offset by 2016 nuclear refueling and maintenance outage expenses at the Callaway Energy Center and lower electric sales volumes to Noranda. The earnings comparisons were also unfavorably affected by impacts of the 2015 Missouri energy efficiency plan.
As reflected in the table below, the following items were excluded from core earnings for the three- and six-month periods ended June 30, 2016 and 2015, as applicable:
A reconciliation of GAAP to core earnings, including per share amounts, is as follows:
Kurzfristig positionieren in Ameren | ||
ME68YH
| Ask: 0,69 | Hebel: 6,46 |
mit moderatem Hebel |
Zum Produkt
| |
| (In millions, except per share amounts) | |||||||||||||||||||||||
| Three Months Ended | Six Months Ended | ||||||||||||||||||||||
| June 30, | June 30, | ||||||||||||||||||||||
| 2016 | 2015 | 2016 | 2015 | ||||||||||||||||||||
GAAP Earnings / Diluted EPS | $ | 147 | | $ | 0.61 | | $ | 150 | | $ | 0.61 | | $ | 252 | | $ | 1.04 | | $ | 258 | | $ | 1.06 | |
Results from discontinued operations | | | | | | | | | ||||||||||||||||
Operating income before income tax | — | | — | | — | | — | | — | | — | | (3) | | (0.01) | | ||||||||
Income tax benefit | — | | — | | (52) | | (0.21) | | — | | — | | (49) | | (0.20) | | ||||||||
Income from discontinued operations, net of taxes | — | | — | | (52) | | (0.21) | | — | | — | | (52) | | (0.21) | | ||||||||
| | | | | | | | | ||||||||||||||||
Provision for Callaway COL | | | | | | | | | ||||||||||||||||
Provision before income tax | — | | — | | 69 | | 0.29 | | — | | — | | 69 | | 0.29 | | ||||||||
Income tax expense | — | | — | | (26) | | (0.11) | | — | | — | | (26) | | (0.11) | | ||||||||
Provision, net of taxes | — | | — | | 43 | | 0.18 | | — | | — | | 43 | | 0.18 | | ||||||||
Core Earnings / Diluted EPS | $ | 147 | | $ | 0.61 | | $ | 141 | | $ | 0.58 Werbung Mehr Nachrichten zur Ameren Aktie kostenlos abonnieren
E-Mail-Adresse
Bitte überprüfe deine die E-Mail-Adresse.
Benachrichtigungen von ARIVA.DE (Mit der Bestellung akzeptierst du die Datenschutzhinweise) -1 Vielen Dank, dass du dich für unseren Newsletter angemeldet hast. Du erhältst in Kürze eine E-Mail mit einem Aktivierungslink. Hinweis: ARIVA.DE veröffentlicht in dieser Rubrik Analysen, Kolumnen und Nachrichten aus verschiedenen Quellen. Die ARIVA.DE AG ist nicht verantwortlich für Inhalte, die erkennbar von Dritten in den „News“-Bereich dieser Webseite eingestellt worden sind, und macht sich diese nicht zu Eigen. Diese Inhalte sind insbesondere durch eine entsprechende „von“-Kennzeichnung unterhalb der Artikelüberschrift und/oder durch den Link „Um den vollständigen Artikel zu lesen, klicken Sie bitte hier.“ erkennbar; verantwortlich für diese Inhalte ist allein der genannte Dritte. Andere Nutzer interessierten sich auch für folgende News |