10-K · February 20, 2026
Alliant Energy (Alliant Energy Corporation, IPL and WPL) positions itself as a purpose-driven regulated utility focused on delivering electric and natural gas service to a large Midwest customer base (approximately…
Earnings analysis · 10-Q
LNT earnings analysis
Filed May 1, 2026 · Our reading of the company's report
The latest report
Alliant Energy reported Q1 2026 earnings of $0.87 per share, slightly exceeding estimates of $0.80, with revenue of $1.184 billion beating projections of $1.124 billion. The results indicate a solid performance driven…
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Alliant Energy reported Q1 2026 earnings of $0.87 per share, slightly exceeding estimates of $0.80, with revenue of $1.184 billion beating projections of $1.124 billion. The results indicate a solid performance driven by residential and commercial electric sales, offset by increased operating expenses and environmental regulations. Management remains optimistic, reaffirming full-year guidance of $3.36 to $3.46 per share, supported by ongoing capital investments in renewable energy.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $0.87
- Segment
- Utilities and Corporate Services
- Segment
- ATC Holdings
- Segment
- Non-utility and Parent
What stood out
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Better than Expected EPS
EPS reported at $0.87, above the estimate of $0.80.
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Revenue Exceeds Expectations
Actual revenue reached $1.184 billion, surpassing the $1.124 billion estimate.
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Reaffirmation of EPS Guidance
Management reaffirmed full-year 2026 EPS guidance of $3.36 to $3.46.
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Growth in Electric Utility Revenue
Electric utility revenues increased by $35 million year-over-year.
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Strong Operating Cash Flow
Operating cash flow improved to $368 million from the prior year.
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Reduced Capital Expenditures
Lower utility construction expenditures decreased to $393 million.
What to watch
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Increased Operating Expenses
Operating expenses rose by $64 million, impacting net income.
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Environmental Regulation Changes
Proposed changes to the Coal Combustion Residuals Rule could significantly impact operations.
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Reliance on Weather Conditions
Retail electric sales volumes decreased by 1% due mainly to temperature changes.
Management's outlook
Management expects full-year 2026 EPS between $3.36 and $3.46.
Earlier filings 4
10-Q · November 7, 2025
Alliant Energy Corporation reported mixed Q3 2025 results, with revenue of $1.21 billion, missing expectations, and a diluted EPS of $1.09, which also fell short of analyst estimates. Overall, while revenues were up…
10-Q · May 9, 2025
Alliant Energy reported Q1 2025 revenues of $1,128 million, up from $1,031 million in Q1 2024, and diluted EPS of $0.83 versus $0.62 a year ago. Operating income rose to $257 million (operating margin ~22.8%) while…
10-K · February 21, 2025
Alliant Energy presents a capital-intensive, regulated-utility strategy focused on serving its Midwest customer base while investing in renewable generation, storage and transmission. The 10-K emphasizes scale (about…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.