Welcome to our dedicated page for Alliant Energy Corporation news (Ticker: LNT), a resource for investors and traders seeking the latest updates and insights on Alliant Energy Corporation 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 (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.
Alliant Energy (NASDAQ: LNT) reported Q2 2024 results, with GAAP EPS of $0.34, down from $0.64 in Q2 2023. Non-GAAP EPS was $0.57, compared to $0.64 last year. The company reaffirmed its full-year 2024 earnings guidance of $2.99 - $3.13 per share.
Key factors impacting Q2 results included:
- Asset impairment charge for IPL's Lansing Generating Station
- Asset retirement obligation charge due to revised EPA rules
- Higher financing and depreciation expenses
- Estimated temperature impacts on sales
- Timing of income taxes
These were partially offset by higher revenue requirements from capital investments at WPL. The company remains confident about long-term growth prospects, citing regulatory progress and data center opportunities.
Alliant Energy (NASDAQ: LNT) has been named one of America's Best Mid-Size Companies 2024 by TIME magazine. This inaugural list, created in partnership with Statista Inc., recognizes companies based on employee satisfaction, revenue growth, and sustainability transparency. The selection considered U.S. companies with annual revenues between $100 million and $10 billion.
Raja Sundararajan, executive VP of strategy and customer solutions at Alliant Energy, expressed pride in the company's commitment to a cleaner, more reliable, and cost-effective energy future. This recognition reinforces Alliant Energy's customer-centric vision and its dedication to building stronger communities.
Alliant Energy (NASDAQ: LNT) has announced a quarterly cash dividend of $0.48 per share. This dividend will be payable on August 15, 2024, to shareholders of record as of July 31, 2024.
Alliant Energy has a strong history of dividend payments, maintaining a consecutive streak for 315 quarters since 1946. The company is part of the S&P 500 Dividend Aristocrats Index, recognized for its consistent dividend payouts.
The company provides regulated energy services to about 1 million electric and 425,000 natural gas customers in Iowa and Wisconsin. Alliant Energy's subsidiaries include Interstate Power and Light Company and Wisconsin Power and Light Company.
Alliant Energy is also a component of Bloomberg’s Gender-Equality Index and the S&P 500, reflecting its commitment to responsible and inclusive practices.
Alliant Energy (NASDAQ: LNT) will release its second quarter 2024 earnings on August 1st, post-market close. The company will host a conference call to discuss the results on August 2nd at 9 a.m. CT, which will be webcast live at their investor relations site. Key executives, including Executive Chairman John Larsen, CEO Lisa Barton, and CFO Robert Durian, will lead the call. The call is accessible via phone for both North American and international participants. An archived webcast will be available afterward. Alliant Energy, serving 1 million electric and 425,000 natural gas customers in Iowa and Wisconsin, aims to deliver reliable and responsible energy solutions. It is a part of the Bloomberg Gender-Equality Index and the S&P 500.
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