Feed / LNT

Alliant Energy Corporation

LNT

Utilities · 67.24 -0.9% today

Isolated · not yet confirmedMarket checked 10 Sept, 15:55 GMT-4

Market read

Alliant Energy Corporation's current read is isolated; its market group is not confirming.

The latest filing is mixed. 0 of 14 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 5 directly disclosed connections are confirming.

What changed
  • Revenue increased 5.0% versus the comparable filing period.
  • Operating margin fell 1.8 percentage points.
Company-0.9% todayVolume comparison unavailable
Market group0 of 14 activeRegulated Electric Utilities · unavailable
Disclosed network0 of 5 confirmingNo filing-linked name is confirming now
What would change this read
  • Year-over-year percent change in Alliant Energy retail gas sales volumes for the three months ended June 30, 2026 was a 5% decrease, attributed to temperature changes.
  • Six-month electric production fuel costs increased, driven by higher natural gas prices and volumes at WPL.

Invalidation: The isolated read changes if LNT's group or a disclosed connection begins moving with it.

Watch this read

Research brief

The story so far

Utilities · Utilities - Regulated Electric

The latest filing is mixed. 0 of 14 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 5 directly disclosed connections are confirming.

Evidence that supports
  • Revenue increased 5.0% versus the comparable filing period.
  • Operating cash flow covered net income at 1.64x, improving versus the comparable period.
Evidence that challenges
  • Operating margin fell 1.8 percentage points.
What would clarify the read
  • Year-over-year percent change in Alliant Energy retail gas sales volumes for the three months ended June 30, 2026 was a 5% decrease, attributed to temperature changes.
  • Six-month electric production fuel costs increased, driven by higher natural gas prices and volumes at WPL.

Company research

Understand the business, not just the ticker

As of Sep 11, 2026
Business model and earnings drivers

Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.

Key research questions
  • Which operating variable is changing?
  • Is that change durable, cyclical or one-off?
  • What evidence would disprove the current interpretation?
Annual periods9
Price observations601
Usable filing statements104
Verified relationships5
Evidence supporting the case
  • Latest annual revenue changed +9.6% year over year.
  • Operating margin changed +1.2 percentage points in the latest annual period.
  • Net margin changed +1.2 percentage points in the latest annual period.
  • Energy and commodity prices has repeated favorable evidence across 5 filings.
Evidence challenging the case

No qualifying adverse evidence was identified; that is not proof there is no downside.

Questions before a position
  • EV/sales is 20% above the available filing-peer median; determine whether growth and quality justify the difference.
Longer-term price context

Price as of Sep 10, 2026

67.24
6m-5.0%12m+5.0%24m+14.0%
Annual trajectory

Reported annual revenue and per-share history. This is accounting history, not a forecast.

PeriodRevenueYoYDiluted EPSShare change
2021-12-31$3.7B+7.4%$2.63+0.8%
2022-12-31$4.2B+14.6%$2.73+0.2%
2023-12-31$4.0B-4.2%$2.78+0.8%
2024-12-31$4.0B-1.1%$2.69+1.4%
2025-12-31$4.4B+9.6%$3.14+0.4%

What management says matters

Persistent and emerging business drivers

Demand and volumemixed · 5 filings
Sales for resale bulk power and other revenues increased for the six months ended June 30, 2026 compared to the same period in 2025, primarily due to higher volumes and higher prices for electricity sold by IPL and WPL to MISO wholesale energy markets.
10-Q · Jul 31, 2026
Energy and commodity pricespositive · 5 filings
Electric production fuel costs increased for the six months ended June 30, 2026 compared to the same period in 2025, primarily due to higher natural gas prices and higher natural gas volumes at WPL due to higher dispatch of natural gas-fired EGUs, partially o…
10-Q · Jul 31, 2026
Legal and regulatory exposuremixed · 3 filings
Regulatory assets are also increased or decreased as a result of the annual defined benefit plan measurement process.
10-K · Feb 20, 2026
Credit and interest ratesmixed · 3 filings
NOTE 6(b) Long-term Debt - As of June 30, 2026, $ 50 million of commercial paper was recorded in “Long-term debt, net” on Alliant Energy’s and IPL’s balance sheets due to the existence of the long-term single credit facility that back-stops this commercial pa…
10-Q · Jul 31, 2026

Valuation discipline

Descriptive valuation snapshot

Price/sales 4.0× · EV/sales 6.4×. Comparisons use only industry-matched filing peers.

Scenario scaffold

Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.

Price action

How the market is pricing the story

67.24-0.9% today

Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 10 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.

Developments

No sourced recent-development timeline yet

Jodie has not returned a relevant primary source or news item for LNT. This is an evidence-coverage gap, not a conclusion that nothing material happened.

Business and financial condition

Reported financial figures are not available yet

Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.

Latest filing assessment · baseline

The latest filing presents a mixed picture

10-Q filed 2026-05-01 against the comparable filing from 2025-05-09.

mixed
OperationsmixedEvidence score 0
liquidityconstructiveEvidence score +1
valuationmixed

What improved

  • Revenue increased 5.0% versus the comparable filing period.
  • Operating cash flow covered net income at 1.64x, improving versus the comparable period.

What weakened

  • Operating margin fell 1.8 percentage points.

Filing receipts

rider in 2025 17 17 — Timing of WPL’s fuel-related cost recoveries from retail electric customers (25) — (25) Other (primarily due to other changes in working capital) 9 13 3 $119 $77 $49 (a) Refer to the cash flows statements for details of renewable tax credits transferred to other corporate taxpayers during the three months ended March 31, 2026.

Alliant Energy’s net income and diluted EPS attributable to Alliant Energy common shareowners for the three months ended March 31 were as follows (dollars in millions, except per share amounts): 2026 2025 Income (Loss) EPS Income (Loss) EPS Utilities and Corporate Services $215 $0.83 $225 $0.87 ATC Holdings 11 0.04 10 0.04 Non-utility and Parent (2) — (22) (0.08) Alliant Energy Consolidated $224 $0.87 $213 $0.83 Alliant Energy’s Utilities and Corporate Services net income decreased by $10 million for the three-month period, primarily due to higher other operation and maintenance, financing and depreciation expenses and the timing of income taxes.

Estimated increases (decreases) to operating income from the impacts of temperatures for the three months ended March 31 were as follows (in millions): Electric Gas 2026 2025 Change 2026 2025 Change IPL ($7) ($3) ($4) ($4) ($2) ($2) WPL (3) (3) — (2) (1) (1) Total Alliant Energy ($10) ($6) ($4) ($6) ($3) ($3) Electric Sales for Resale - Alliant Energy’s and IPL’s wholesale sales volumes decreased for the three months ended March 31, 2026, compared to the same period in 2025, primarily due to the expiration of IPL’s wholesale power agreement with Southern Minnesota Energy Cooperative in 2025.

Retrospective baseline calibration. It was generated after the filing date and is not part of Jodie's live track record.

Business ecosystem

The relationships behind LNT

Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.

Depends on

BURLBurlington Stores, Inc.partnerFeb 20, 2026

In January 2026, IPL received approval from the IUC to construct, own and operate a 94 MW natural gas-fired EGU using RICE technology at the site of its Burlington Generating Station.

ROADConstruction Partners, Inc.partnerFeb 20, 2026

Construction and acquisition expenditures for 2026 through 2029 are currently anticipated as follows (in millions), which are focused on adding renewable generation and energy storage projects and dispatchable gas generation projects to meet growing customer…

Depended on by

WDWalker & Dunlop, Inc.supplierFeb 26, 2026

Corporate debt and the related interest expense are allocated first based on specific acquisitions where debt was directly used to fund the acquisition, such as the acquisition of Alliant, and then based on the remaining segment assets.

Filing peers

Companies whose filings use similar operating language.

Open the three relationships above to see Jodie’s filing proof. Pro unlocks 5 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →

What is moving around it

Live connections

LNT is currently a Follower in the organic co-movement group Regulated Electric Utilities. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 3 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.

Context history

Theme membership history

No durable theme membership has been observed for this name yet.