Alliant Energy Corporation
- Open
- 67.93
- Day high
- 68.12
- Day low
- 67.69
- Prev close
- 67.74
- Volume
- 75K
- Mkt cap
- $17.6B
- P/E (TTM)
- 21.4
- EPS (TTM)
- $3.17
- P/B
- 2.3
- P/S
- 4.0
- Yield
- 3.11%
- Per share
- $2.11
- ▼Insiders net selling $0 over the last 3 months (0 open-market buys, 1 sale)
- 🏛Institutions accumulating (13F)
Alliant Energy Corporation (LNT) is a Utilities company listed on NASDAQ. The stock is up 5% over the past year. Over the trailing 3 months, insiders filed 0 open-market buys and 1 sale (SEC Form 4). Drillr has 1 published research article covering LNT.
Alliant Energy Corporation (LNT) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 3 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
LNT earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Jul 31, 2026 | $0.58 | $0.65 | +11.9% | $971M | +7.4% |
| May 1, 2026 | $0.82 | $0.82 | -0.1% | $1.2B | +9.3% |
| Feb 19, 2026 | $0.58 | $0.60 | +2.6% | $1.1B | +18.1% |
| Nov 6, 2025 | $1.19 | $1.12 | -5.5% | $1.2B | -5.5% |
| Aug 7, 2025 | $0.64 | $0.68 | +5.8% | $961M | +8.1% |
| May 8, 2025 | $0.69 | $0.83 | +21.0% | $1.1B | +14.3% |
| Feb 20, 2025 | $0.68 | $0.70 | +3.4% | $976M | +11.8% |
| Oct 31, 2024 | $1.10 | $1.15 | +4.5% | $1.1B | -1.1% |
| Aug 1, 2024 | $0.64 | $0.57 | -10.7% | $894M | -0.3% |
| May 2, 2024 | $0.62 | $0.62 | +0.0% | $1.0B | +1.7% |
| Feb 15, 2024 | $0.55 | $0.48 | -12.7% | $961M | -14.4% |
| Nov 2, 2023 | $0.93 | $1.02 | +9.7% | $1.1B | +2.2% |
LNT insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Aug 12, 2026 | DURIAN ROBERT Jofficer: EVP and CFO | Sell | 0 | $68.60 |
| Jul 14, 2026 | Garcia Michael Dennisdirector | Grant | 838 | — |
| Jul 14, 2026 | Cortina Ignacio Adirector | Grant | 638 | — |
| Jul 14, 2026 | ALLEN PATRICK Edirector | Grant | 491 | — |
| Jul 14, 2026 | Cox Stephaniedirector | Grant | 524 | — |
| Jul 14, 2026 | Asthana Manudirector | Grant | 998 | — |
| Jul 14, 2026 | Raymond Christiedirector | Grant | 998 | — |
| Jul 14, 2026 | Falotico Nancy Joydirector | Grant | 744 | — |
| Jul 14, 2026 | Newport Roger Kdirector | Grant | 736 | — |
| Apr 16, 2026 | Smyth Antonio Pofficer: Executive Vice President | Tax | 1,259 | $72.18 |
| Apr 14, 2026 | Cortina Ignacio Adirector | Grant | 667 | — |
| Apr 14, 2026 | Raymond Christiedirector | Grant | 1,043 | — |
| Apr 14, 2026 | Cox Stephaniedirector | Grant | 547 | — |
| Apr 14, 2026 | Newport Roger Kdirector | Grant | 769 | — |
| Apr 14, 2026 | ALLEN PATRICK Edirector | Grant | 513 | — |
Source: LNT SEC Form 4 filings, latest Aug 12, 2026. For informational purposes only — not investment advice.
See the full LNT insider & 13F page →Alliant Energy Corporation company profile
Overview
Alliant Energy Corporation (NASDAQ:LNT) is a regulated utility holding company founded in 1981 and headquartered in Madison, Wisconsin. The company provides essential electricity and natural gas services to approximately one million customers across Iowa and Wisconsin through its two primary operating subsidiaries: Interstate Power and Light Company (IPL) in Iowa and Wisconsin Power and Light Company (WPL) in Wisconsin. Since going public in 1988, Alliant Energy has established itself as a reliable utility provider while actively transitioning toward clean energy generation and pursuing economic development opportunities, including recent major data center partnerships that represent significant growth potential for the company.
Business
Alliant Energy operates in the regulated utility industry, which provides essential electricity and natural gas services under government oversight that determines pricing and service standards. The company functions as a traditional vertically integrated utility, meaning it generates electricity, transmits it through power lines, and distributes it directly to end customers, while also distributing natural gas that it purchases from suppliers. The company operates through three main business segments. The Utility Electric Operations segment, which represents the majority of revenue, involves generating electricity from various sources including natural gas plants, wind farms, solar installations, and remaining coal facilities, then distributing this power to residential, commercial, and industrial customers. The Utility Gas Operations segment focuses on purchasing natural gas from suppliers and distributing it through pipeline networks to heating customers. The Utility Other segment includes smaller operations such as steam generation in Cedar Rapids, Iowa, and transportation services including a short-line railroad and freight terminal operations. Geographically, Alliant Energy serves distinct territories: IPL provides service to approximately 500,000 electric customers and 225,000 gas customers primarily in Iowa, while WPL serves roughly 485,000 electric customers and 200,000 gas customers in Wisconsin. The company's customer base spans various sectors including residential households, farming and agriculture operations, industrial manufacturing, chemical processing, and packaging and food industries. Recently, the company has secured agreements to serve large data center operations, representing a significant new customer category that could dramatically increase electricity demand over the coming years.
Revenue model
Alliant Energy generates revenue primarily through regulated rate-based returns on its utility infrastructure investments. As a regulated utility, the company earns money by investing capital in power plants, transmission lines, distribution systems, and other utility infrastructure, then receiving approval from state regulators to charge customers rates that provide a reasonable return on these investments. This regulatory framework typically allows utilities to earn returns of 9-11% on their invested capital. The company's revenue streams include monthly electric bills charged to customers based on their electricity usage, monthly natural gas bills during heating season, and various service fees. Electric revenues are generated through both energy charges (based on kilowatt-hours consumed) and demand charges for larger commercial and industrial customers. Natural gas revenues come primarily from distribution charges, as the company typically passes through the actual cost of purchased gas to customers without markup. Several factors can positively impact Alliant Energy's profitability margins. Capital investment growth in renewable energy projects, grid modernization, and new generation facilities increases the rate base on which the company earns returns. Customer growth from economic development, particularly the recent data center agreements totaling 2.1 gigawatts of new demand, can significantly boost revenues without proportional increases in fixed costs. Tax credit monetization from renewable energy investments provides additional cash flows, with the company expecting to monetize $1.6-1.7 billion in tax credits through 2028. Conversely, factors that can pressure margins include mild weather conditions that reduce heating and cooling demand, competitive pressures from industrial customers who may have alternative energy options, rising interest rates that increase financing costs for capital projects, and regulatory decisions that limit rate increases or reduce allowed returns on investment. The company has noted that temperature impacts have historically affected earnings by approximately $0.10 per share annually, though management works to offset roughly half of these weather-related impacts through operational adjustments.
Competitive moat
Alliant Energy possesses a strong regulatory moat typical of investor-owned utilities, built around exclusive service territories and regulatory barriers to entry. The company holds legally protected monopolies to serve electricity and natural gas customers within its designated geographic regions in Iowa and Wisconsin, making it extremely difficult for competitors to enter these markets. State utility commissions grant these exclusive franchises and regulate pricing to ensure reasonable returns while protecting customers from monopoly pricing. The company's moat is reinforced by the massive capital requirements needed to duplicate utility infrastructure - building power plants, transmission lines, and distribution networks would require billions of dollars and decades of construction, making competitive entry economically impractical. Additionally, the essential nature of electricity and natural gas services creates highly predictable demand with limited customer churn, as customers cannot easily switch providers or significantly reduce their usage. However, the strength of this moat faces some emerging challenges. Distributed energy resources like rooftop solar and battery storage allow some customers to reduce their dependence on the grid, potentially eroding the utility's customer base over time. Large industrial customers, particularly data centers, have increasing options to source power through direct renewable energy contracts or relocate to regions with more favorable energy costs. The regulatory environment also presents ongoing risks, as state commissions can limit rate increases, reduce allowed returns, or impose new requirements that increase costs without corresponding revenue recovery. The recent data center agreements represent both a moat strengthener and potential vulnerability - while they provide significant near-term growth and customer diversification, they also create concentration risk if these large customers choose to relocate or source power differently in the future. Overall, Alliant Energy maintains a moderately strong moat that should provide stable returns, though the traditional utility model faces gradual erosion from technological and regulatory changes.
Risks & safety
Alliant Energy presents a moderate margin of safety with manageable financial risks but some liquidity concerns and elevated valuation metrics. • **Solvency and Liquidity**: The company maintains a concerning current ratio of 0.34, indicating current liabilities significantly exceed current assets, though this is somewhat typical for utilities with large capital programs. Cash position is relatively low at $25 million, but the company generates strong operating cash flows of $1.2 billion annually. Debt-to-equity ratio of 1.50 is elevated but manageable for a utility. • **Valuation Metrics**: Trading at 19.4x earnings and 13.7x EBITDA, the stock appears fairly valued to slightly expensive compared to historical utility multiples. Price-to-book ratio of 2.33 suggests the market is pricing in growth expectations from the data center investments. • **Other Considerations**: The company has maintained dividend increases for 21 consecutive years, demonstrating commitment to shareholder returns. Strong regulatory relationships in Iowa and Wisconsin provide revenue stability. The $11.5 billion capital expenditure plan through 2028 is largely protected from tariff impacts, with management indicating only 1-2% exposure to potential trade disruptions.
Recent development
Over the past few years, Alliant Energy has undergone a significant clean energy transformation while positioning itself for substantial load growth through economic development initiatives. The company has aggressively expanded its renewable energy portfolio, commissioning 1.5 gigawatts of solar energy investments and reaching 1.8 gigawatts of regulated wind capacity. This clean energy transition included retiring the Lansing coal plant and closing 29 surface impoundments across 10 sites, moving the company to derive 40% of its retail energy from zero fuel-cost renewable resources. The most significant recent development has been Alliant Energy's pivot toward serving large-scale data center customers. The company has secured energy supply agreements for three data center developments totaling 2.1 gigawatts of demand, with 1.1 gigawatts expected online by the end of 2028 at the Big Cedar Industrial Center in Cedar Rapids, Iowa. This represents nearly a 20% increase in peak demand over five years and has prompted the company to increase its capital expenditure plan by approximately $1.8 billion, bringing the total 2024-2028 investment to over $11 billion with a compound annual growth rate of nearly 11%. To support this growth, the company has adopted an "all-of-the-above" generation strategy, planning 1.5 gigawatts of new natural gas generation facilities through 2030 to provide dispatchable power that can support data center operations when renewable sources are not available. The company has also been proactive in securing tax benefits, completing safe harbor activities for renewable and energy storage projects through 2028 and expecting to monetize $1.6-1.7 billion in tax credits. From a regulatory standpoint, Alliant Energy has implemented innovative rate structures including an Individual Customer Rate (ICR) construct to attract economic development while protecting existing customers from cost impacts. The company has also strengthened its financial position through workforce optimization, reducing operating expenses by $30 million and completing a 5% workforce reduction while maintaining service quality.
LNT company profile · for informational purposes only — not investment advice.
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