Alliant Energy Corporation - LNT STOCK NEWS

Alliant Energy Corporation (NASDAQ: LNT) reported its Q1 2021 earnings, showing a GAAP EPS of $0.68, slightly down from $0.70 in Q1 2020. The decline was attributed to higher depreciation, unfavorable timing of income tax expenses, and reduced allowances for funds used during construction. However, increased earnings from its utilities due to a growing rate base and higher sales volumes partially offset the losses. The company reaffirmed its 2021 guidance, targeting an EPS range of $2.50 to $2.64.

Additionally, Alliant achieved a milestone in its clean energy transition by securing approval for 675 megawatts of its planned solar expansion in Wisconsin.

Alliant Energy has proposed a settlement agreement to the Public Service Commission of Wisconsin regarding electric and natural gas rates for 2022 and 2023. The settlement aims to provide customers with rate certainty while facilitating a transition to clean energy. During this period, Alliant plans to add nearly 1,100 megawatts of solar generation and avoid a base rate increase in 2023. The agreement involves an increase in revenue requirements of $70M for electric and $15M for gas utilities, ensuring management of operational costs and customer savings.

The Alliant Energy Corporation (NASDAQ: LNT) has declared a quarterly cash dividend of $0.4025 per share, scheduled for payment on May 17, 2021, to shareholders on record as of April 30, 2021. This marks the company's commitment to return value to its shareholders, continuing a tradition of dividends paid for 302 consecutive quarters since 1946. Alliant Energy serves approximately 975,000 electric and 420,000 natural gas customers across Iowa and Wisconsin, focusing on sustainable energy solutions.

Alliant Energy Corporation (NASDAQ: LNT) plans to release its first quarter 2021 earnings on May 6, 2021, after market close. A conference call to discuss the results is scheduled for May 7, 2021, at 9 a.m. CT, hosted by CEO John Larsen and CFO Robert Durian. Interested parties can join the call by dialing the provided numbers or viewing the live webcast on the company's investor relations site. Alliant Energy, serving 975,000 electric and 420,000 natural gas customers, emphasizes its commitment to delivering safe and efficient energy solutions.

Alliant Energy has announced plans to add 414 megawatts (MW) of solar energy in Wisconsin, rounding out its initiative to exceed 1,000 MW of solar capacity. This effort aims to help customers save over $2 billion in long-term costs while creating more than 800 local jobs across several counties. The new projects will generate an estimated $50 million in shared revenues for local communities over 30 years. Alliant Energy seeks regulatory approval to advance these six new projects, contributing to its goal of achieving nearly 50% renewable energy in its mix by 2025.

Alliant Energy Corporation (NASDAQ: LNT) announced its 2020 earnings, reporting a GAAP EPS of $2.47, up from $2.33 in 2019, driven by a higher rate base from its utility operations. Non-GAAP EPS also increased to $2.43 from $2.31. The company continued its investment in renewable energy, planning over 1,400 megawatts of solar power. However, the results were tempered by higher depreciation expenses and costs related to fuel. The 2020 increase aligns with the firm's long-term earnings growth target of 5% to 7%.

Alliant Energy's Board of Directors has announced a dividend declaration for preferred stockholders of Interstate Power and Light Company (NASDAQ: IPLDP). Shareowners of record as of February 26, 2021, will receive $0.31875 per share on the 5.1% Series D Cumulative Preferred Stock, payable on March 15, 2021. Alliant Energy (NASDAQ: LNT) provides regulated electric and natural gas services to nearly 1.4 million customers in Iowa and Wisconsin, demonstrating a commitment to delivering reliable energy solutions.

Alliant Energy committed $8.7 million and over 64,000 volunteer hours in 2020 to support communities in Iowa and Wisconsin affected by the COVID-19 pandemic, racial injustice, and the derecho storm. The funding included $340,000 to food banks and thousands of PPE items for healthcare facilities. The company also donated to initiatives promoting diversity and recovery efforts for those impacted by the derecho storm. Additionally, nearly $900,000 was awarded to over 375 organizations through community grants, contributing significantly to local projects and the fight against hunger.

Alliant Energy Corporation (NASDAQ: LNT) will release its year-end 2020 earnings on February 18, 2021, after market close. A conference call to discuss the results is scheduled for February 19, 2021, at 12 noon CT. The call will be accessible via phone or webcast, with a replay available until February 26, 2021. Alliant Energy serves approximately 970,000 electric and 420,000 natural gas customers across the Midwest and is a component of the S&P 500.