Alliant Energy Corp
NASDAQ:LNT
Alliant Energy Corp
Alliant Energy Corp., headquartered in Madison, Wisconsin, weaves a compelling narrative in the energy sector, rooted in its longstanding commitment to powering communities across the Midwest. Established in 1981, Alliant Energy operates primarily through its two major subsidiaries, Interstate Power and Light Company (IPL) and Wisconsin Power and Light Company (WPL). Together, these divisions navigate the complex energy landscape by generating and distributing electricity, as well as delivering natural gas, to residential, commercial, and industrial customers. The company’s electrical grid spins across Wisconsin and Iowa, while its gas operations provide heat and power to growing regions in these states. This dual utility model allows Alliant to maintain a balanced portfolio, with their revenue streams derived substantially from the provision of these essential services.
In recent years, Alliant Energy has also embarked on a transformative journey, aligning itself with a future that prioritizes sustainability. The company generates revenue by focusing on strategic investments in renewable energy sources, particularly wind and solar, while simultaneously modernizing its infrastructure. By expanding its portfolio of renewable assets, the firm not only adheres to regulatory pressures but also taps into the increasing demand for cleaner energy options. Alliant's approach incorporates the integration of smart grid technology and energy efficiency programs, enhancing its operational efficiency and customer service. Through these efforts, it builds on its legacy of reliable energy distribution, all the while positioning itself as a forward-thinking player in the drive toward a more sustainable and environmentally friendly energy landscape.
Alliant Energy Corp., headquartered in Madison, Wisconsin, weaves a compelling narrative in the energy sector, rooted in its longstanding commitment to powering communities across the Midwest. Established in 1981, Alliant Energy operates primarily through its two major subsidiaries, Interstate Power and Light Company (IPL) and Wisconsin Power and Light Company (WPL). Together, these divisions navigate the complex energy landscape by generating and distributing electricity, as well as delivering natural gas, to residential, commercial, and industrial customers. The company’s electrical grid spins across Wisconsin and Iowa, while its gas operations provide heat and power to growing regions in these states. This dual utility model allows Alliant to maintain a balanced portfolio, with their revenue streams derived substantially from the provision of these essential services.
In recent years, Alliant Energy has also embarked on a transformative journey, aligning itself with a future that prioritizes sustainability. The company generates revenue by focusing on strategic investments in renewable energy sources, particularly wind and solar, while simultaneously modernizing its infrastructure. By expanding its portfolio of renewable assets, the firm not only adheres to regulatory pressures but also taps into the increasing demand for cleaner energy options. Alliant's approach incorporates the integration of smart grid technology and energy efficiency programs, enhancing its operational efficiency and customer service. Through these efforts, it builds on its legacy of reliable energy distribution, all the while positioning itself as a forward-thinking player in the drive toward a more sustainable and environmentally friendly energy landscape.
Earnings Guidance: Alliant Energy narrowed its 2025 ongoing earnings guidance to $3.17–$3.23 per share, trending toward the upper half of the range.
2026 Outlook: The company issued 2026 earnings guidance of $3.36–$3.46 per share, a 6.6% increase over the 2025 midpoint, and set a dividend target of $2.14 per share, up 5.4%.
Capital Plan: Alliant raised its 4-year capital expenditure plan by 17% to $13.4 billion, projecting a 12% annual rate base and investment growth from 2025 to 2029.
Load Growth: Projected peak demand growth by 2030 has increased to 50%, supported by new data center agreements totaling 3 gigawatts of contracted demand.
Strong Regulatory Support: Recent approvals in Iowa and Wisconsin support cost-effective investments and provide rate certainty, enabling the company to earn its authorized returns.
Financing Update: Management outlined a plan including $2.4 billion new equity issuance through 2029 and $1.1 billion in planned long-term debt issuance for 2026.
Pipeline Opportunities: Ongoing active negotiations for 2 to 4 gigawatts of additional load could further increase the company’s growth rate above current projections.
