Alliant Energy Corp

LNT

Equity

ISIN US0188021085 / Valor 804371

NASDAQ (2024-12-24)

USD 59.62+0.61%

Alliant Energy Corp
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About company

Alliant Energy Corp is a company that serves customers and communities by providing regulated electric and natural gas services through its utility subsidiaries Interstate Power and Light Company and Wisconsin Power and Light Company. With a focus on powering beyond current market challenges and embracing emerging technologies, Alliant Energy is committed to being environmentally responsible and supporting the communities in which it operates. The company serves approximately 1,000,000 electric and 425,000 natural gas customers in the Midwest, while also pursuing clean, safe, and sustainable methods of energy production.

Summarized from source with an LLMView SourceSector: Energy

Third Quarter Earnings

Alliant Energy Corp reported GAAP earnings per share of $1.15 for the third quarter of 2024, an increase from $1.02 in the same quarter of 2023. This improvement was primarily driven by higher revenue requirements from capital investments and favorable timing of income taxes, despite facing higher financing and depreciation expenses.

2024 Earnings Guidance

Alliant Energy Corp has narrowed its 2024 earnings guidance to a range of $2.99 to $3.06 per share. The company anticipates offsetting most of the negative temperature impacts on earnings, with key drivers including the ability to earn authorized rates of return and constructive regulatory outcomes.

2025 Earnings and Dividend Outlook

For 2025, Alliant Energy Corp has issued an earnings guidance range of $3.15 to $3.25 per share. Additionally, the company has set a target for its annual common stock dividend at $2.03 per share, reflecting a 6% increase from the current target of $1.92 per share.

Capital Expenditure Plans

Alliant Energy Corp has forecasted capital expenditures totaling $11 billion from 2025 to 2028. The investments will focus on renewable energy and battery storage projects, as well as enhancements to electric and gas distribution systems, supporting the company's strategy for growth and sustainability.

Operational Strategy and Market Position

Alliant Energy Corp continues to execute its customer-focused strategy, emphasizing reliable and cleaner energy resources. The company expects data center growth to significantly drive its load forecast, positioning it well to meet the increasing demand for energy in its service territories.

Summarized from source with an LLMView Source

Key figures

17.0%1Y

0.12%3Y

9.86%5Y

Performance

18.4%1Y

21.1%3Y

25.1%5Y

Volatility