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.
On August 13, 2020, Alliant Energy’s Iowa subsidiary, Interstate Power and Light Company, declared a dividend of $0.31875 per share on its 5.1% Series D Cumulative Preferred Stock. The dividend is payable to shareholders of record as of August 31, 2020, and will be distributed on September 15, 2020. Alliant Energy provides electric and natural gas services to approximately 970,000 and 420,000 customers, respectively, in Iowa and Wisconsin. The company is a member of the S&P 500.
Alliant Energy Corporation (NASDAQ: LNT) reported a consolidated GAAP earnings per share (EPS) of $0.54 for Q2 2020, an increase from $0.40 in Q2 2019. The increase was driven by a higher rate base and favorable temperature impacts on electric sales, despite a decrease in retail electric sales for commercial and industrial customers due to COVID-19. The Utilities and Corporate Services segment generated $0.48 EPS, up $0.10 from last year. Alliant Energy affirms its 2020 earnings guidance while implementing cost management strategies to mitigate pandemic impacts.
Alliant Energy Corporation (NASDAQ: LNT) will release its second quarter 2020 earnings on August 6, 2020, after market close. A conference call to discuss the results is set for August 7 at 9:00 a.m. CT, accessible via dial-in or webcast. The company serves nearly 970,000 electric and 420,000 gas customers across the Midwest and aims to deliver reliable energy solutions. Alliant Energy, a member of the S&P 500, operates through its subsidiaries, Interstate Power and Light Company and Wisconsin Power and Light Company.
The Alliant Energy Corporation (NASDAQ: LNT) announced a quarterly cash dividend of $0.38 per share, payable on August 17, 2020, to shareholders on record by July 31, 2020. This continues the company’s impressive history of paying dividends for 299 consecutive quarters since 1946. Headquartered in Madison, Wisconsin, Alliant Energy provides regulated electric and natural gas services to approximately 970,000 and 420,000 customers in Iowa and Wisconsin, respectively.
Alliant Energy's subsidiary, Interstate Power and Light Company (LNT), announced a public offering of $400 million in 2.300% senior debentures due June 1, 2030. The funds will be utilized to retire $200 million in 3.65% senior debentures maturing on September 1, 2020, and for general corporate purposes. The offering is scheduled for closing on June 2, 2020, subject to closing conditions. The offering is managed by Goldman Sachs & Co. LLC and others and will be made via a prospectus supplement filed with the SEC.
Alliant Energy (NASDAQ: LNT) plans to acquire 675 megawatts (MW) of solar energy projects across six Wisconsin counties, including Grant and Sheboygan. These projects, part of their Clean Energy Blueprint, will power approximately 175,000 homes and create over 1,200 local construction jobs. Expected local tax revenues from these projects could reach $80 million over 30 years. The company will file for regulatory approval and anticipates a decision by mid-2021, aiming to reduce carbon emissions by 40% and avoid over $2 billion in costs for customers.
Alliant Energy has launched the West Riverside Energy Center, a 730-megawatt combined-cycle natural gas plant in Wisconsin, serving over 550,000 homes. The project created over 1,000 jobs and cost $660 million, coming in under budget. This facility enhances the reliability of energy supply, complementing renewable sources. Annual local utility revenues are projected to increase by $3 million. Additionally, a 6-megawatt DC solar facility is planned, set to improve sustainability and efficiency further.
The Board of Directors of Alliant Energy has declared a dividend of $0.31875 per share for its 5.1% Series D Cumulative Preferred Stock (NASDAQ: IPLDP). This dividend is payable on June 15, 2020 to shareholders of record on May 29, 2020. Alliant Energy, operating as LNT, provides regulated electric and natural gas service to approximately 970,000 electric and 420,000 natural gas customers in Iowa and Wisconsin. The company aims to deliver reliable energy solutions and is part of the S&P 500.
Alliant Energy Corporation (NASDAQ: LNT) reported strong first-quarter 2020 earnings, with GAAP EPS at $0.70, up from $0.53 in 2019. The increase was driven by higher earnings from its Utilities and Corporate Services, which generated $0.72 per share, reflecting a $0.20 rise year-over-year. However, Non-utility and Parent operations saw a decline, recording a GAAP EPS of ($0.05), impacted by a credit loss charge related to Whiting Petroleum. The company maintains its 2020 earnings guidance of $2.34 to $2.48 per share despite challenges posed by the COVID-19 pandemic.
FAQ
What is the current stock price of Alliant Energy Corporation (LNT)?
What is the market cap of Alliant Energy Corporation (LNT)?
What services does Alliant Energy Corporation provide?
How many customers does Alliant Energy serve?
What are the main segments of Alliant Energy's operations?
What renewable energy projects is Alliant Energy involved in?
What is Alliant Energy's interest in American Transmission Co.?
How is Alliant Energy modernizing its electric grid?
What is the financial condition of Alliant Energy?
What companies are subsidiaries of Alliant Energy?
What is Alliant Energy's approach to sustainability?
What types of energy sources does Alliant Energy utilize?
