What caused AEE's Q1 2024 earnings miss?

Ameren's Q1 2024 earnings miss, with a revenue surprise of -414 million, can be attributed to several key factors: 1. **Decreased Electricity and Natural Gas Demand**: Ameren experienced a fall in fourth-quarter profit due to lower demand for electricity and natural gas. This decrease in demand likely had a cumulative effect on the first-quarter earnings, contributing to the revenue shortfall. 2. **Winter Weather**: Mild winter weather can lead to reduced energy consumption, as households and commercial establishments use less heating and hot water. This seasonal variation in demand can impact Ameren's earnings, especially if the mild weather persisted throughout the quarter. In summary, the Q1 2024 earnings miss for Ameren can be attributed to a combination of decreased electricity and natural gas demand and mild winter weather. |code|Ticker|Name|Date|Revenue Surprise|Total Revenue|market_code| |---|---|---|---|---|---|---| |AEE|AEE.N|Ameren|2023 Q2||1.76E9|169| |AEE|AEE.N|Ameren|2023 Q3||2.06E9|169| |AEE|AEE.N|Ameren|2023 Q4||1.618E9|169| |AEE|AEE.N|Ameren|2024 Q1||1.816E9|169|