Welcome to our dedicated page for Alliant Energy news (Ticker: LNT), a resource for investors and traders seeking the latest updates and insights on Alliant Energy stock.
Alliant Energy Corporation (LNT) is a utility holding company that provides regulated electricity and natural gas services. The company operates through three main segments: Utility Electric Operations, Utility Gas Operations, and Utility Other. As the parent company of Interstate Power and Light and Wisconsin Power and Light, Alliant Energy serves nearly 1 million electric customers and 425,000 natural gas-only customers.
Utility Electric Operations involves the generation and distribution of electricity to homes and businesses. Their diverse energy mix includes coal, natural gas, and renewable energy sources such as wind and solar. The Utility Gas Operations segment focuses on the distribution and transportation of natural gas, ensuring reliable delivery to customers.
Alliant Energy is committed to sustainability and reducing its carbon footprint. The company has made significant strides in renewable energy projects and aims to transition towards cleaner energy solutions. Recent achievements include expanding their wind and solar energy capabilities and modernizing their electric grid to enhance efficiency and reliability.
Financially, Alliant Energy maintains a strong position with steady revenue growth and a robust balance sheet. They have a 16% interest in American Transmission Co., which plays a crucial role in the energy transmission infrastructure.
Partnerships with other energy companies and technological advancements are key to Alliant Energy's strategy. They continue to invest in smart grid technology and infrastructure improvements to meet the growing energy demands and ensure customer satisfaction.
With continuous projects aimed at enhancing their energy services, Alliant Energy remains a significant player in the utilities sector, committed to providing reliable and sustainable energy solutions to its customers.
Alliant Energy and its charitable foundation, along with employees and retirees, contributed $9.3 million and over 80,000 volunteer hours to various causes in 2024. The company's initiatives focused on four key areas:
- Community safety: Provided over $55,000 in safety grants across 37 communities
- Environmental stewardship: Reached halfway milestone in One Million Trees initiative with 551,000 trees planted since July 2021
- Workforce readiness: Awarded over $103,000 in scholarships to 100+ students
- Hunger and housing: Committed $1 million over two years for Rural Hunger Initiative, launching school pantries and fresh protein programs
Alliant Energy (NASDAQ: LNT) reported mixed financial results for 2024. GAAP earnings per share decreased to $2.69 from $2.78 in 2023, while non-GAAP earnings improved to $3.04 from $2.82. The company completed 1,500 megawatts of solar generation investments in 2024, adding to its existing 1,800 megawatts of wind resources.
Key financial impacts included higher revenue requirements from capital investments, offset by increased depreciation and financing expenses. IPL received approval for annual base rate increases of $185 million for electric and $10 million for gas, while WPL secured increases of $49 million for electric and $13 million for gas.
The company affirmed its 2025 ongoing earnings guidance range of $3.15 - $3.25 per share, assuming normal temperatures, stable economy, and successful execution of capital expenditure plans.
Alliant Energy (NASDAQ: LNT) has announced its upcoming fourth quarter and year-end 2024 earnings release, scheduled for Thursday, February 20th, after market close. The company will hold a conference call to discuss the results on Friday, February 21st at 9 a.m. CT, hosted by Lisa Barton, President and CEO, and Robert Durian, Executive Vice President and CFO.
The event will be webcast live on the company's investor relations website. Alliant Energy serves approximately 1,000,000 electric and 425,000 natural gas customers across Iowa and Wisconsin through its public energy companies, Interstate Power and Light Company (IPL) and Wisconsin Power and Light Company (WPL). The company is included in both the S&P 500 and Bloomberg's Gender-Equality Index.
Alliant Energy (NASDAQ: LNT) has announced its quarterly cash dividend of $0.5075 per share, payable on February 18, 2025, to shareholders of record as of January 31, 2025. The company has maintained an impressive track record of 317 consecutive quarterly dividend payments since 1946, earning its position in the S&P 500 Dividend Aristocrats Index.
Alliant Energy serves approximately 1,000,000 electric and 425,000 natural gas customers across Iowa and Wisconsin through its public energy companies, Interstate Power and Light Company (IPL) and Wisconsin Power and Light Company (WPL). The company is also recognized as a component of Bloomberg's Gender-Equality Index and the S&P 500.
Alliant Energy (LNT) reported third quarter 2024 GAAP earnings per share of $1.15, up from $1.02 in 2023. The company narrowed its 2024 earnings guidance to $2.99-$3.06 per share and introduced 2025 guidance of $3.15-$3.25. The utility announced a $11 billion capital expenditure plan for 2025-2028 and increased its 2025 annual dividend target to $2.03 per share, representing a 6% increase. Higher revenue requirements from capital investments and timing of income taxes drove positive results, partially offset by higher financing and depreciation expenses.
Alliant Energy (NASDAQ: LNT) has released its latest Corporate Responsibility Report, highlighting its ESG initiatives and progress. The report showcases that 37% of the company's generation came from renewable sources in 2023. The company, its employees, retirees, and charitable foundation contributed nearly $11 million and volunteered over 72,000 hours in 2023. TIME recently recognized Alliant Energy as one of the Best Midsize Companies in America in its 2024 inaugural list. The company serves over 1 million customers across Iowa and Wisconsin, focusing on delivering cleaner energy resources affordably, safely, reliably, and sustainably.
Energy Dome has signed its first U.S. supply contract with Alliant Energy (LNT) for the Columbia Energy Storage Project, following a $30 million award from the U.S. Department of Energy. The project will feature a 20MW/200MWh CO2 Battery capable of powering approximately 18,000 Wisconsin homes for 10 hours on a single charge. The company is simultaneously constructing its first standard CO2 Battery plant in Sardinia, Italy, expected to complete by Q1 2025. This modular plant will serve as a template for the Wisconsin facility, ensuring efficient implementation of lessons learned.
Alliant Energy (NASDAQ: LNT) has declared a quarterly cash dividend of $0.48 per share, payable on November 15, 2024, to shareholders of record as of October 31, 2024. This marks the 316th consecutive quarter of dividend payments since 1946, solidifying Alliant Energy's position in the S&P 500 Dividend Aristocrats Index.
Alliant Energy serves approximately 1,000,000 electric and 425,000 natural gas customers across Iowa and Wisconsin through its public energy companies, Interstate Power and Light Company (IPL) and Wisconsin Power and Light Company (WPL). The company is committed to delivering safe, efficient, and responsible energy solutions and exceptional service to its customers and communities.
Alliant Energy (NASDAQ: LNT) has announced its third quarter 2024 earnings release schedule. The company will release its earnings on Thursday, October 31st, after market close, followed by a conference call on Friday, November 1st at 9 a.m. CT. The call will be webcast live and hosted by Lisa Barton, President and CEO, and Robert Durian, Executive Vice President and CFO.
Investors can participate by dialing (800) 343-4136 (North America) or (203) 518-9814 (International) with the conference ID: ALLIANT. An archive of the webcast will be available on the company's website. Alliant Energy serves approximately 1,000,000 electric and 425,000 natural gas customers across Iowa and Wisconsin through its public energy companies, Interstate Power and Light Company (IPL) and Wisconsin Power and Light Company (WPL).
Interstate Power and Light Company (IPL), a subsidiary of Alliant Energy (NASDAQ: LNT), has announced the pricing of its public debt offering. The offering consists of $350 million in 4.950% senior debentures due 2034 and $300 million in 5.450% senior debentures due 2054. IPL plans to use the proceeds to retire its $500 million 3.25% senior debentures maturing on December 1, 2024, and for general corporate purposes. The offering is expected to close on September 6, 2024, subject to customary conditions. The underwriting group includes Barclays Capital, Goldman Sachs, J.P. Morgan Securities, and MUFG Securities Americas as joint book-running managers, along with several co-managers.
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