LNT
Alliant Energy Corporation65.26
-0.37-0.56%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Details data center pipeline criteria
Q&A added color to Alliant's data center push without changing affirmed 2026 guidance or capex, post-QTS's seamless Iowa relocation. Management outlined rigorous criteria for 2-4 GW in active talks—expansions, customer relocations, new sites—prioritizing land control, transmission studies, and timing for high-quality ESAs. Iowa edges Wisconsin with broader access and fewer township snags like DeForest's rezoning. 2026 retail sales hold at 1%, with data center ramps hitting 2027-plus. They pivot on a dime. Gubernatorial races raise energy cost talk, but ICR oversight reassures. Watch pipeline conversions for growth durability.
Key Stats
Market Cap
16.78BP/E (TTM)
20.52Basic EPS (TTM)
3.18Dividend Yield
0.03%Recent Filings
8-K
Launches $1B stock sales program
Alliant Energy entered a Distribution Agreement on March 19, 2026, enabling sales of up to $1,000,000,000 in common stock through top agents like Barclays and Goldman Sachs via Nasdaq brokers' transactions or blocks. Forward confirmations allow hedged share sales, with net proceeds earmarked for debt management, working capital, construction, and acquisitions. No initial proceeds from borrowed shares. Agents' affiliates lend under the company's credit facility.
8-K
Secures $400M term loan
Alliant Energy secured a $400 million term loan on March 2, 2026, maturing March 1, 2027, with U.S. Bank as agent; optional $100 million incremental available. Funds support general corporate needs like working capital and capex funding, while refinancing debt. Debt-to-capital must stay under 65%. Short-term bridge secured.
8-K
2025 EPS up 6% ongoing
Alliant Energy reported 2025 GAAP EPS of $3.14, up from $2.69 in 2024, with ongoing EPS at $3.22 versus $3.04—a 6% rise fueled by rate base growth and capital investments in generation and storage. Yet higher O&M and depreciation offset gains. Affirmed 2026 ongoing EPS guidance of $3.36-$3.46. Capex ramps to $3.6B in 2027.
10-K
FY2025 results
Alliant Energy posted FY2025 net income of $810M, up 17% y/y, with Utilities and Corporate Services driving $875M amid higher revenue requirements from solar, energy storage, and rate base growth at IPL (+$185M electric, +$10M gas effective Oct 2024) and WPL. Q4 momentum shone through retail electric sales up 2% y/y to 25,122 GWh and gas volumes surging 14% to 49,363 kDth on colder weather, fueling $325M electric revenue gain despite fuel cost hikes. Margins held firm via tax credits ($285M transferred) and AFUDC ($89M), though depreciation rose 10% on new assets. Cash from operations topped $1.2B, supporting $2.5B capex; debt steady at 60% (adjusted). Q4 peaked lower, yet load growth beckons. Data center delays could stall demand.
8-K
Asthana joins Alliant boards
Alliant Energy expanded its boards to 11 directors, appointing Manu Asthana effective February 23, 2026. The 52-year-old ex-CEO of PJM Interconnection, overseer of North America's largest power grid, brings deep utility operations and risk expertise. Asthana joins Audit and Operations Committees. He gets a $300,000 annual retainer.
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