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Alliant Energy Corporation
S&P 500
🏹 Trader: 🎯 Near 52W High View all →
$17.4B
Market Cap
20.7
P/E
2.54
PEG
6.9%
ROCE
11.3%
ROE
1.51
D/E
23.5%
OPM
-11.0%
% from 52W High
42
α RS
🔍 LNT is showing a high-conviction setup because it matches 3 of 37 tracked screener presets, Sector RRG has Utilities in the Improving quadrant with the trail still rolling over, and an ECS of 52.8 last quarter. Net: Broad signal stack, not a recommendation. ? Conviction RRG ECS
Sources
Conviction 3/37 · Utilities in Improving quadrant · ECS 52.8
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🌏 Global Investor Returns
Currency-adjusted total returns for LNT including FX impact
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📈 Price History
Ratio Health
Excellent
Good
Average
Poor
By Category
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About

Alliant Energy Corporation operates as a utility holding company that provides regulated electric and natural gas services in the United States.

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📈 Growth Pattern
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⭐ Superinvestors Holding LNT
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Manager Shares Value % of Fund Period
Steve Cohen Point72 Asset Management 1.24M $89.2M 0.11% Mar 2026
Jim Simons Renaissance Technologies LLC 710.7K $51.0M 0.08% Mar 2026

SEC Form 13F data. 45-day lag from quarter end.

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In-line quarter Investor Presentation One-Pager? Q1 2026
Ongoing EPS
$0.82
-1.2% YoY
What Went Right
  • Signed a 370 MW electric service agreement with a hyperscale customer in Iowa, bringing total contracted data center demand to ~3.4 GW.
  • Reaffirmed 2026 full-year ongoing EPS guidance of $3.36-$3.46.
  • Received regulatory approval for up to 1 GW of new wind generation in Iowa and 153 MW Bent Tree North Wind Project in Wisconsin.
What to Watch
  • Mild temperatures reduced electric and gas margins by ~$0.04 per share.
  • Higher O&M, depreciation, and financing costs offset revenue growth.
  • Remaining $1 billion of equity to be raised through 2029, with potential dilution.
Management Guidance
  • 2026 ongoing EPS guidance reaffirmed at $3.36 - $3.46 per share.
  • Long-term compound annual earnings growth expected at 7%+ for 2027-2029.
  • Updated capital expenditure plans and EPS growth trajectory to be provided at Q3 2026 earnings call.
Investor Lens
The thesis is stronger after this call. Alliant Energy continues to execute on its data center growth strategy, signing a new 370 MW agreement and now having 3.4 GW of contracted demand. The regulatory framework in Iowa supports no base rate reviews for at least four more years, and the financing plan is well-advanced with $1.3 billion of equity already raised. Risks remain around MISO accreditation changes and Wisconsin regulatory uncertainty, but the long-term 7%+ EPS growth outlook appears increasingly achievable.
From investor presentation · AI-generated analysis · Not investment advice
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📈 STRONG Solid start to 2026 with 370 MW data center win
Revenue
Not discussed in dollar terms. Revenue drivers included higher revenue requirements from rate base growth at Iowa and Wisconsin utilities, partially offset by lower electric and gas margins due to mild temperatures ($0.04/share drag).
Profitability
GAAP EPS of $0.87 (up from $0.83 YoY) and ongoing EPS of $0.82 (down from $0.83). The decrease in ongoing EPS was driven by higher O&M, depreciation, and financing costs, partly offset by higher revenue requirements and AFUDC.
Margins
Not explicitly quantified, but management noted that revenue growth from capital investments was offset by higher costs. The effective tax rate assumption for 2026 guidance is (29%).
Balance Sheet
Retired $1.1 billion of parent-level and Alliant Energy Finance maturities in Q1. Remaining 2026 debt issuance plans up to $800 million. Common equity needs through 2029 are ~$2.4 billion, with $1.3 billion already raised via forward equity agreements. New $1 billion ATM program filed. Standard & Poor's upgraded IPL credit rating to A-.
Key Risks
MISO accreditation methodology changes could require additional generation investment. Wisconsin regulatory environment sees local pushback and moratorium rhetoric on data centers. Cost and timing of new generation (e.g., 1.1 GW simple cycle gas turbine) subject to confidentiality and market conditions.
Outlook
Reaffirmed 2026 ongoing EPS guidance of $3.36-$3.46. Long-term compound annual earnings growth of 7%+ for 2027-2029, with an update to capital plan and EPS growth trajectory expected at the Q3 2026 earnings call.
Generated by AI · Q1 2026 results · Not investment advice
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✓ 📞 Earnings Call Transcripts (5 quarters) submit a missing quarter
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📞 Earnings Call Transcripts (5)
Q2 2026 Q2 2026 2026-07-31
Strong Q2 2026 results with earnings of $0.65 per share and robust load growth from data centers and commercial customers. Full-year guidance reaffirmed, with 7%+ annual earnings growth expected through 2029. Equity and debt financing plans are on track, and regulatory and political risks are being managed.
Q1 2026 Q1 2026 2026-05-01
First quarter 2026 ongoing EPS was $0.82, with strong progress on data center agreements driving over 60% peak demand growth. Full-year guidance is reaffirmed, and a flexible capital plan supports continued investment and regulatory alignment.
Q4 2025 Q4 2025 2026-02-20
Delivered 6% ongoing EPS growth in 2025, affirmed 2026 guidance, and maintained a $13.4B four-year capital plan. Data center expansion and regulatory execution drive long-term 7%+ earnings growth outlook.
Q3 2025 Q3 2025 2025-11-07
Q3 and YTD results showed strong financial and operational performance, with ongoing earnings guidance narrowed and 2026 guidance raised. Major data center agreements and capital investments are driving a projected 50% peak demand growth by 2030, supporting a 12% CAGR in rate base.
Q2 2025 Q2 2025 2025-08-08
Ongoing EPS rose to $0.68 in Q2 2025, driven by capital investments and strong data center demand. Major projects, including a $10B QTS investment, are fueling incremental load growth, with guidance and long-term growth targets reaffirmed.
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Financial Model
Projections are built from each company's audited annual financials (Income Statement, Balance Sheet, Cash Flow) over the last 5 fiscal years. Forward assumptions — revenue growth %, EBITDA margin, D&A (USD millions), interest expense, tax rate, and capex — are AI-generated using historical context and refreshed twice a year: after the December results season and after the September/Q4 results season.

DCF Valuation
Fair Value = Σ(FCFt / (1+WACC)t) + Terminal Value. Terminal Value uses the Gordon Growth Model: FCF5 × (1+g) / (WACC−g). Default WACC: 10% (US risk-free ~4.5%, equity risk premium ~5.5%). Default terminal growth: 3% (long-run US nominal GDP proxy).

CAGR Tracker
Expected 5-year CAGR = (DCF Fair Value / Current Price)1/5 − 1. Assumes fair value is reached in exactly 5 years — a mechanical estimate only.

Data Sources & Limitations
Financial statements sourced from public filings. Prices updated daily. Forward assumptions are AI-generated. All monetary values in USD millions. Non-US ADR companies may have currency conversion inaccuracies. Models are point-in-time and do not update intra-quarter or account for M&A, macro shocks, or extraordinary items.

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Investment Risk:
Investing in securities, including US equities and ETFs, involves inherent risks including the potential loss of principal. All investments are subject to market fluctuations, economic conditions, regulatory changes, and other factors that may affect their value. Past performance is not indicative of future results. This analysis is provided for informational and educational purposes only and should not be construed as investment advice under any circumstances.

No Investment Recommendation:
This analysis does not constitute, nor should it be interpreted as, an offer, solicitation, or recommendation to buy, sell, or hold any securities or financial products. Investors are strongly advised to conduct their own independent research and due diligence and to consult with a licensed financial advisor or an SEC-registered investment adviser before making any investment decisions, taking into account their individual financial situation, risk tolerance, and investment objectives.

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Information Sources:
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