Exhibit 99.2
AMEREN CORPORATION (AEE)
CONSOLIDATED STATEMENT OF INCOME
(Unaudited, in millions, except per share amounts)
 
Three Months Ended September 30,Nine Months Ended September 30,
2026202520262025
Operating Revenues:
Electric$2,722 $2,563 $6,270 $6,223 
Natural gas160 136 880 794 
Total operating revenues2,882 2,699 7,150 7,017 
Operating Expenses:
Fuel and purchased power809 768 1,749 2,064 
Natural gas purchased for resale28 25 238 233 
Other operations and maintenance535 502 1,547 1,447 
Depreciation and amortization436 415 1,254 1,168 
Taxes other than income taxes174 164 471 439 
Total operating expenses1,982 1,874 5,259 5,351 
Operating Income900 825 1,891 1,666 
Other Income, Net112 76 320 257 
Interest Charges216 208 629 570 
Income Before Income Taxes796 693 1,582 1,353 
Income Taxes119 52 231 145 
Net Income677 641 1,351 1,208 
Less: Net Income Attributable to Noncontrolling Interests 1 1 4 4 
Net Income Attributable to Ameren Common Shareholders$676 $640 $1,347 $1,204 
Earnings per Common Share - Basic$2.44 $2.37 $4.87 $4.46 
Earnings per Common Share – Diluted$2.42 $2.35 $4.83 $4.43 
Weighted-average Common Shares Outstanding – Basic276.8 270.4 276.7 270.2 
Weighted-average Common Shares Outstanding – Diluted278.9 272.2 278.7 271.7 



AMEREN CORPORATION (AEE)
CONSOLIDATED BALANCE SHEET
(Unaudited, in millions)
September 30,
2026
December 31, 2025
ASSETS
Current Assets:
Cash and cash equivalents$40 $13 
Accounts receivable - trade (less allowance for doubtful accounts)853 665 
Unbilled revenue511 415 
Miscellaneous accounts receivable238 107 
Inventories873 774 
Current regulatory assets275 387 
Other current assets329 210 
Total current assets3,119 2,571 
Property, Plant, and Equipment, Net42,239 39,313 
Investments and Other Assets:
Nuclear decommissioning trust fund1,638 1,526 
Goodwill411 411 
Regulatory assets2,964 2,524 
Pension and other postretirement benefits1,000 977 
Other assets1,396 1,154 
Total investments and other assets7,409 6,592 
TOTAL ASSETS$52,767 $48,476 
LIABILITIES AND EQUITY
Current Liabilities:
Current maturities of long-term debt$1,574 $973 
Short-term debt496 643 
Accounts and wages payable976 1,254 
Taxes accrued235 66 
Interest accrued199 229 
Customer deposits244 238 
Other current liabilities469 504 
Total current liabilities4,193 3,907 
Long-term Debt, Net20,443 18,214 
Deferred Credits and Other Liabilities:
Accumulated deferred income taxes and tax credits, net5,646 5,181 
Regulatory liabilities6,606 6,255 
Asset retirement obligations863 849 
Other deferred credits and liabilities680 540 
Total deferred credits and other liabilities13,795 12,825 
Shareholders’ Equity:
Common stock3 3 
Other paid-in capital, principally premium on common stock8,149 8,106 
Retained earnings6,017 5,292 
Accumulated other comprehensive income38 — 
Total shareholders’ equity14,207 13,401 
Noncontrolling Interests129 129 
Total equity14,336 13,530 
TOTAL LIABILITIES AND EQUITY$52,767 $48,476 



AMEREN CORPORATION (AEE)
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS
(Unaudited, in millions)
 
Nine Months Ended September 30,
20262025
Cash Flows From Operating Activities:
Net income $1,351 $1,208 
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization1,277 1,199 
Amortization of nuclear fuel63 39 
Amortization of debt issuance costs and premium/discounts15 14 
Deferred income taxes and tax credits, net281 255 
Allowance for equity funds used during construction(104)(60)
Stock-based compensation costs24 21 
Other(7)29 
Changes in assets and liabilities(707)(308)
Net cash provided by operating activities2,193 2,397 
Cash Flows From Investing Activities:
Capital expenditures(4,089)(3,118)
Nuclear fuel expenditures(26)(20)
Purchases of securities – nuclear decommissioning trust fund(513)(373)
Sales and maturities of securities – nuclear decommissioning trust fund488 348 
Other(14)51 
Net cash used in investing activities(4,154)(3,112)
Cash Flows From Financing Activities:
Dividends on common stock(622)(576)
Dividends paid to noncontrolling interest holders(4)(4)
Short-term debt, net(147)(239)
Maturities and extinguishment of long-term debt(378)(324)
Issuances of long-term debt3,234 1,960 
Issuances of common stock31 35 
Employee payroll taxes related to stock-based compensation(14)(13)
Debt issuance costs(34)(17)
Net cash provided by financing activities2,066 822 
Net change in cash, cash equivalents, and restricted cash105 107 
Cash, cash equivalents, and restricted cash at beginning of year(a)
420 328 
Cash, cash equivalents, and restricted cash at end of period(b)
$525 $435 
(a)Includes $13 million of cash and cash equivalents and $407 million of restricted cash as of December 31, 2025.
(a)Includes $40 million of cash and cash equivalents and $485 million of restricted cash as of September 30, 2026.