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Alliant Energy Corporation

LNT

Alliant Energy Corporation • NASDAQ
$69.47 ▲ 0.42% (+0.29)
Market Cap $17.86 B
52w High $69.75
52w Low $56.30
Dividend Yield 2.03%
P/E 21.85
Volume 738.87K
Outstanding Shares 257.05M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $1.21B ▲ $201M ▲ $281M ▲ 23.223% ▲ $1.09 ▲ $602M ▲
Q2-2025 $961M ▼ $31M ▼ $174M ▼ 18.106% ▼ $0.68 ▼ $463M ▼
Q1-2025 $1.128B ▲ $241M ▲ $213M ▲ 18.883% ▲ $0.83 ▲ $496M ▲
Q4-2024 $976M ▼ $233M ▲ $150M ▼ 15.369% ▼ $0.58 ▼ $461M ▼
Q3-2024 $1.081B $224M $295M 27.29% $1.15 $542M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $753M ▲ $24.627B ▲ $17.32B ▲ $7.307B ▲
Q2-2025 $329M ▲ $23.75B ▲ $16.605B ▲ $7.145B ▲
Q1-2025 $25M ▼ $22.851B ▲ $15.758B ▲ $7.093B ▲
Q4-2024 $81M ▼ $22.714B ▼ $15.71B ▼ $7.004B ▲
Q3-2024 $827M $22.829B $15.861B $6.968B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $281M ▲ $408M ▲ $-711M ▼ $477M ▼ $174M ▼ $1.473B ▲
Q2-2025 $174M ▼ $243M ▼ $-490M ▼ $551M ▲ $304M ▲ $-240M ▲
Q1-2025 $213M ▲ $249M ▼ $-404M ▲ $99M ▲ $-56M ▲ $-333M ▲
Q4-2024 $150M ▼ $254M ▼ $-607M ▼ $-396M ▼ $-746M ▼ $-561M ▼
Q3-2024 $295M $351M $-407M $793M $735M $-123M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Electric
Electric
 $790.00M ▲$850.00M ▲$850.00M ▲$1.12Bn ▲
Gas
Gas
 $140.00M ▲$240.00M ▲$80.00M ▼$50.00M ▼
Other Utility
Other Utility
 $20.00M ▲$10.00M ▼$10.00M ▲$10.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Alliant’s earnings profile is steady and predictable, which is typical for a regulated utility. Revenue has generally trended upward over the past several years, with only slight softening more recently. Profitability has been stable, with operating and net income moving in a fairly narrow range. This suggests the company is managing costs and regulatory rate structures reasonably well, but it is not a high-growth story; it’s more about consistency and incremental improvement than big earnings jumps.

Balance Sheet

Balance Sheet The balance sheet shows a growing asset base as Alliant continues to build out its network and generation capacity. Debt levels have also been rising, which is common for utilities that fund long‑lived infrastructure with borrowing. Equity is increasing, but debt is climbing faster, meaning leverage is gradually moving higher. This is manageable for a regulated utility as long as regulators allow cost recovery and interest costs stay under control, but it does increase sensitivity to interest rates and regulatory decisions.

Cash Flow

Cash Flow Cash flow from operations has improved over time, especially compared with a weaker patch a few years ago, indicating a healthier underlying cash engine. However, free cash flow is consistently negative because capital spending is very heavy. In simple terms, the company is pouring a lot of money into new projects and upgrades, and it is funding that largely through external capital rather than internal cash. This points to an investment phase: strong long-term focus, but ongoing dependence on debt or other financing in the near to medium term.

Competitive Edge

Competitive Edge Alliant benefits from the structural advantages of a regulated utility: defined service territories in Iowa and Wisconsin, relatively predictable demand, and earnings that are largely shaped by regulatory agreements rather than open competition. This creates a solid moat, but puts a lot of importance on constructive relationships with state regulators and policymakers. Its push into renewables and grid modernization also helps differentiate it locally as a cleaner, more modern provider, which may strengthen its standing with customers, regulators, and large prospective users like data centers.

Innovation and R&D

Innovation and R&D For a utility, Alliant is leaning notably into innovation. It is shifting its generation mix toward wind and solar, moving away from coal, and backing that up with grid technologies like smart meters, drones for inspections, and early investments in battery storage. Customer programs such as smart‑thermostat control and real‑time usage insights show a focus on demand management, not just supply. Partnerships with institutions like Iowa State University and pilot programs in precision agriculture and home energy analytics suggest Alliant is trying to position itself at the intersection of energy, technology, and local industry needs, rather than behaving as a purely traditional power company.

Summary

Overall, Alliant looks like a steady, regulated utility that is in the middle of a significant investment and transition cycle. Earnings are stable rather than fast‑growing, the balance sheet is increasingly geared toward funding large capital projects, and cash flows reflect heavy spending on renewables and grid upgrades. Its core strength lies in its regulated monopoly position and constructive approach to clean energy and customer programs. Key watchpoints are how regulators respond to ongoing investment plans, how well debt is managed in a higher‑rate world, and whether its innovation efforts translate into long-term cost savings, reliability gains, and stronger relationships with large customers.

NEWS

November 26, 2025 · 5:59 PM UTC

ERI to Offer Free E-Waste Recycling Event at Alliant Energy Center in Madison, Wisconsin

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November 6, 2025 · 6:00 PM UTC

Alliant Energy Announces Third Quarter 2025 Results and 2026 Guidance

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October 17, 2025 · 8:00 AM UTC

Alliant Energy Corporation declares quarterly common stock dividend

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October 7, 2025 · 4:30 PM UTC

Alliant Energy Corporation Announces Third Quarter Earnings Release and Conference Call

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September 23, 2025 · 8:03 PM UTC

Alliant Energy Prices Offering of $725 Million of 5.750% Junior Subordinated Notes due 2056

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