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Financial Performance - Total revenues for Q3 2025 reached $1,210 million, a 12% increase from $1,081 million in Q3 2024[19] - Net income attributable to Alliant Energy common shareholders for the nine months ended September 30, 2025, was $668 million, up 24% from $540 million in the same period of 2024[19] - Operating income for Q3 2025 was $349 million, representing a 12% increase compared to $313 million in Q3 2024[19] - Net income for the nine months ended September 30, 2025, increased to $374 million from $272 million in 2024, representing a 37.4% growth[32] - Total revenues for the nine months ended September 30, 2025, reached $1,555 million, up from $1,410 million in 2024, reflecting a 10.3% increase[35] - Operating income for the nine months ended September 30, 2025, was $422 million, compared to $387 million in 2024, indicating a 9.0% rise[35] - Alliant Energy's net income for Q3 2025 was $281 million, compared to $295 million for the same period in 2024[60] - WPL's net income for the three months ended September 30, 2025, was $123 million, up from $114 million in the same period of 2024, reflecting an increase of 7.9%[64] Cash Flow and Liquidity - Cash and cash equivalents increased significantly to $503 million as of September 30, 2025, compared to $81 million at the end of 2024[21] - Net cash flows from operating activities for the nine months ended September 30, 2025, were $900 million, slightly down from $913 million in the same period of 2024[23] - Cash flows from operating activities for the nine months ended September 30, 2025, were $573 million, down from $651 million in 2024, a decrease of 11.9%[41] - The liquidity position at September 30, 2025, included $503 million in cash and cash equivalents and $1,108 million available under the revolving credit facility[124] - The company reported a net increase in cash and cash equivalents to $503 million as of September 30, 2025, compared to $830 million at the beginning of the year[125] Debt and Capital Structure - Long-term debt, net (excluding current portion) rose to $10,655 million as of September 30, 2025, compared to $8,677 million at the end of 2024[21] - Long-term debt remained stable at $3,372 million as of September 30, 2025, compared to $3,370 million at the end of 2024[38] - Alliant Energy's long-term debt, including current maturities, was $11.729 billion as of September 30, 2025, compared to $9.848 billion at December 31, 2024[12] - As of September 30, 2025, Alliant Energy's capital structure consisted of 59% long-term debt, 40% common equity, and 1% short-term debt[125] - Alliant Energy's credit ratings from Standard & Poor's are BBB+ for corporate issuer and BBB for senior unsecured long-term debt, with a stable outlook[131] Investments and Expenditures - The company reported a significant increase in construction and acquisition expenditures for the utility business, totaling $1,487 million for the nine months ended September 30, 2025, compared to $1,280 million in 2024[23] - Construction and acquisition expenditures for the nine months ended September 30, 2025, totaled $511 million, compared to $578 million in 2024, a reduction of 11.6%[41] - Alliant Energy plans to invest approximately $940 million in renewable and energy storage projects in 2025, with total anticipated construction and acquisition expenditures reaching $2,470 million through 2029[128] - The company plans to develop and/or acquire approximately 2,000 MW of natural gas resources, 1,300 MW of new energy storage, and 1,100 MW of new renewable generation over the next six years[103] Revenue Sources - Electric utility segment revenues rose to $2,828 million in the nine months ended September 30, 2025, up from $2,579 million in 2024, reflecting a growth of 9.7%[75] - Retail electric utility revenue for the three months ended September 30, 2025, was $608 million, compared to $523 million in 2024, showing a growth of 16.2%[74] - Retail electric revenues for the three months ended September 30, 2025, were $996 million, up from $887 million in 2024, representing a 12.3% increase[114] - Retail gas revenues for the nine months ended September 30, 2025, increased to $327 million from $289 million in 2024, a rise of 13.2%[114] Shareholder Returns - Common stock dividends paid in the nine months ended September 30, 2025, were $391 million, an increase from $369 million in the same period of 2024[23] - Common stock dividends increased to $163 million for the nine months ended September 30, 2025, from $147 million in 2024, a rise of 10.8%[41] - Alliant Energy's common stock dividends for the three months ended September 30, 2025, were $0.5075 per share, totaling $130 million[60] - The company announced a 5% increase in its targeted 2026 annual common stock dividend to $2.14 per share, effective February 2026[121] Operational Highlights - The company plans to continue coal operations at Columbia Units 1 and 2 at least through 2029, with a net book value of $398 million[53] - Alliant Energy's Utilities and Corporate Services net income decreased by $16 million due to higher operational expenses and financing costs[110] - Changes in electric production fuel and purchased power resulted in a decrease of $47 million in operating expenses for the three months ended September 30, 2025[113] - Estimated increases to operating income from temperature impacts for the three months ended September 30, 2025, were $10 million for electric and $1 million for gas[116] Environmental and Regulatory Matters - Alliant Energy aims to reduce GHG emissions from utility operations by 50% by 2030 and achieve net-zero GHG emissions by 2050[111] - Environmental liabilities recorded on the balance sheets for MGP sites totaled $12 million for Alliant Energy, $8 million for IPL, and $4 million for WPL as of September 30, 2025[96] - Estimated future costs for environmental remediation at Manufactured Gas Plant sites range from $7 million to $29 million for Alliant Energy, $5 million to $18 million for IPL, and $2 million to $11 million for WPL[96] Future Outlook - Alliant Energy expects to issue up to $2.4 billion of common stock from 2026 through 2029, with WPL planning to issue up to $300 million of long-term debt for the remainder of 2025[121] - The company anticipates an increase in electric utility revenues in 2026 compared to 2025 due to the expiration of tax benefit rider credits and increasing revenue requirements from utility investments[121] - Alliant Energy projects an increase in other operation and maintenance expenses in 2026, largely due to higher generation maintenance and energy delivery expenses[121]

Key Takeaways Alliant Energy's Q3 operating earnings of $1.12 per share missed estimates by 4.27%.Revenues rose 12.04% year over year to $1.21 billion, beating consensus expectations.The company raised its 4-year capex plan by 17% to $13.4B and issued 2026 earnings guidance.Alliant Energy Corporation (LNT) reported third-quarter 2025 operating earnings of $1.12 per share, which missed the Zacks Consensus Estimate of $1.17 by 4.27%. The bottom line also decreased 2.61% from the year-ago quarter’s figure of $ ...

Alliant Energy (NasdaqGS:LNT) Q3 2025 Earnings Call November 07, 2025 10:00 AM ET Company ParticipantsRobert Durian - EVP and CFOSusan Gille - Manager of Investor RelationsLisa Barton - President and CEOConference Call ParticipantsWilliam Appicelli - Senior Equity Research AnalystJulien Dumoulin-Smith - Senior Equity Research AnalystAditya Gandhi - Senior Equity Research AnalystNicholas Campanella - Senior Equity Research AnalystOperatorThank you for holding, and welcome to Alliant Energy's Third Quarter 20 ...

Alliant Energy (NasdaqGS:LNT) Q3 2025 Earnings Call November 07, 2025 10:00 AM ET Company ParticipantsRobert Durian - EVP and CFOSusan Gille - Manager of Investor RelationsLisa Barton - President and CEOConference Call ParticipantsWilliam Appicelli - Senior Equity Research AnalystJulien Dumoulin-Smith - Senior Equity Research AnalystAditya Gandhi - Senior Equity Research AnalystNicholas Campanella - Senior Equity Research AnalystOperatorThank you for holding, and welcome to Alliant Energy's Third Quarter 20 ...

Financial Data and Key Metrics Changes - The company narrowed its 2025 ongoing earnings guidance range to $3.17-$3.23 per share, trending towards the upper half of this range [7][16] - The ongoing earnings for Q3 were reported at $1.12 per share, achieving over 80% of the midpoint of the 2025 earnings guidance [13] - The 2026 earnings guidance is set at $3.36-$3.46 per share, representing a 6.6% increase over the 2025 midpoint [7][16] - The annual common stock dividend target for 2026 is $2.14 per share, a 5.4% increase from the 2025 target of $2.03 per share [8][16] Business Line Data and Key Metrics Changes - The company completed construction of energy storage projects totaling 175 megawatts and advanced gas path projects to enhance efficiency [6] - The projected peak demand growth by 2030 has increased to 50% due to new agreements with data centers, including a significant contract with Google [5][9] Market Data and Key Metrics Changes - The company is focusing on plug-and-ready sites to minimize transmission investments and accelerate customer service [5] - The Iowa retail construct stabilizes electric-based rates for customers through the end of the decade, benefiting existing customers [10] Company Strategy and Development Direction - The company is committed to customer-focused investments and maintaining affordability while driving growth [4][12] - The capital expenditure plan has been increased by 17% to $13.4 billion, with a projected compound annual growth rate of 12% from 2025 to 2029 [8][17] - The strategy includes proactive community engagement and a focus on renewable energy and energy storage projects [10][18] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving long-term growth objectives and highlighted the importance of regulatory support for future projects [11][12] - The company anticipates continued earnings growth driven by data center expansions and load growth plans [9][12] Other Important Information - The company has updated its financing plans through 2029, with a focus on maintaining a balanced capital structure [19][20] - Regulatory initiatives are in progress, including requests for investments in renewable energy and natural gas facilities [22][23] Q&A Session Summary Question: Can you provide color on the ramp in demand and its impact on earnings trajectory? - Management indicated that the 7-8% growth is conservative and that timing is crucial for realizing load growth [27][28] Question: What are the assumptions regarding earned returns in Iowa? - The company confirmed that it expects to earn its authorized return, with potential upside for exceeding it [30] Question: Can you elaborate on the 2-4 gigawatts of additional load negotiations? - Management stated that these negotiations involve both expansions of existing facilities and new customers, with updates expected in the next 12 months [32][56] Question: What is the expected FFO to debt ratio by the end of 2025? - The company aims for a cushion of 50-100 basis points in its FFO to debt metrics to support growth [36] Question: How will the load growth impact the 2026 guidance? - The starting point for 2026 is modest, with data centers expected to ramp up load in the second half of 2026 [38] Question: What is the probability of conversion for the remaining gigawatts in the pipeline? - Management expressed high confidence in the pipeline, emphasizing the strategic advantages of their locations in Iowa and Wisconsin [42][44]

Financial Performance & Growth - Alliant Energy achieved a total shareholder return of approximately 10% with a 10-year compound annual EPS growth of 6.5%[6] - The company is initiating 2026 EPS guidance, projecting a 6.6% increase over the 2025 EPS guidance midpoint[6] - The long-term annual EPS growth target is set at 5-7%+, with projections at or above the high end for 2027-2029[6] - Updated 2025 ongoing EPS guidance is between $3.17 and $3.23[9] - 2026 EPS guidance is projected to be between $3.36 and $3.46[10] - The 2026 dividend target is $2.14 per share, representing a 5.4% increase over the 2025 target[11, 13] Load Growth & Capital Expenditure - Data center demand is expected to drive a 50% increase in projected demand by 2030, compared to 2024 levels[6, 20] - The company has a $13.4 billion 4-year capital expenditure plan, which is a 17% increase over the prior plan[6] - Approximately 3 GW of peak obligation to serve is included in the capital expenditure plan[18] Investments & Funding - The company plans to invest $4.7 billion in natural gas generation, $4.4 billion in energy storage and renewables, and $4.3 billion in electric & gas distribution, technology & other from 2026-2029[25, 26] - The capital expenditure program will be funded through cash from operations (34%), tax credit monetization (12%), new debt (36%), and equity (18%)[28] Regulatory & Customer Focus - Wisconsin electric revenue requirement increase of $79 million in 2026 and $73 million in 2027[44] - Wisconsin gas revenue requirement increase of $7 million in 2026 and $5 million in 2027[44]

Earnings Performance - Alliant Energy reported GAAP EPS of $1.09 for Q3 2025, down from $1.15 in Q3 2024, while ongoing EPS was $1.12, also down from $1.15 year-over-year[1][5] - For the first nine months of 2025, EPS increased by 23.3% to $2.59 from $2.10 in the same period of 2024, with ongoing EPS rising 12.4% to $2.62 from $2.33[2][6] - Alliant Energy's consolidated GAAP EPS for Q3 2025 was $1.09, down from $1.15 in Q3 2024, while non-GAAP EPS remained at $1.12 compared to $1.15 in the previous year[33] - For the nine months ended September 30, 2025, Alliant Energy reported a consolidated GAAP income of $668 million, an increase from $540 million in the same period of 2024, with non-GAAP income rising to $676 million from $599 million[33] - The adjusted non-GAAP EPS for the nine months ended September 30, 2025, was $2.62, compared to $2.33 in 2024, reflecting a significant increase in operational performance[33] - Net income attributable to Alliant Energy common shareowners for Q3 2025 was $281 million, a decrease of 4.8% from $295 million in Q3 2024[37] Revenue and Expenses - The primary drivers for the Q3 results included higher revenue from authorized base rate increases, offset by increased operational and maintenance expenses[5][7] - Total revenues for Q3 2025 increased to $1,210 million, up 11.9% from $1,081 million in Q3 2024[37] - Operating income for the nine months ended September 30, 2025, rose to $828 million, a 24.5% increase compared to $665 million in the same period of 2024[37] - The income from IPL for Q3 2025 was $165 million, compared to $190 million in Q3 2024, while WPL's income increased to $123 million from $114 million[33] Guidance and Future Outlook - The company narrowed its 2025 ongoing EPS guidance to $3.17 - $3.23 per share, with 2026 guidance set at $3.36 - $3.46, representing a 6.6% increase over 2025[4][11] - The expected annual common stock dividend target for 2026 has been raised to $2.14 per share, a 5.4% increase from 2025[4][12] - The forecasted capital expenditures for 2026-2029 have been increased to $13.4 billion, a 17% rise to meet growing energy demand[3][6] - Alliant Energy's capital expenditures guidance for 2025-2029 was highlighted, indicating a focus on future growth and infrastructure development[25] Customer and Market Information - Alliant Energy serves approximately 1,010,000 electric and 430,000 natural gas customers, focusing on regulated electricity and natural gas services in the Midwest[21] - Total utility retail electric customers reached 1,006,524 as of September 30, 2025, an increase from 999,893 in the same period of 2024[43] - Utility electric sales for residential customers in Q3 2025 were 2,154,000 megawatt-hours, an increase of 4.0% from 2,071,000 megawatt-hours in Q3 2024[43] Financial Position - Cash and cash equivalents increased significantly to $503 million as of September 30, 2025, compared to $81 million at the end of 2024[39] - Total assets grew to $24,627 million as of September 30, 2025, up from $22,714 million at the end of 2024[39] - Long-term debt, net (excluding current portion) increased to $10,655 million as of September 30, 2025, compared to $8,677 million at the end of 2024[39] Challenges and Considerations - Alliant Energy is facing challenges related to inflation and higher interest rates, which may impact operational costs and capital expenditures[25] - The company reported a state income tax apportionment charge of $8 million for Q3 2025, which was not present in the previous year, affecting non-GAAP earnings[34] - The company emphasized the importance of achieving expected tax benefits for renewable generation projects, which are crucial for maintaining authorized rates of return[25] - The company is actively monitoring regulatory changes that could impact renewable tax credits and overall operational compliance[25] Dividend Information - The quarterly common dividend rate per share increased to $0.5075 in Q3 2025, up from $0.48 in Q3 2024[43] - Alliant Energy's ability to sustain its dividend payout ratio goal remains a priority, with ongoing assessments of market conditions and financial performance[31] Data Center Demand - Alliant Energy's contracted demand from data centers has reached 3 gigawatts, anticipating a 50% increase in peak load demand by 2030[3][6] - The company has secured four data center agreements and is positioned for further growth opportunities in energy demand[5][6]

Key Takeaways Estimates for LNT's revenues stand at $1.10 billion, implying a 2% annual increase.A strong customer base and data center demand are likely to have supported quarterly gains.Cost management efforts may have further strengthened profitability.Alliant Energy (LNT) is scheduled to release third-quarter 2025 results on Nov. 6, after market close. The company delivered an earnings surprise of 9.68% in the last reported quarter.Let’s discuss the factors that are likely to be reflected in the upcomin ...