Alliant Energy Corporation (NASDAQ:LNT) Q3 2024 Earnings Conference Call November 1, 2024 10:00 AM ET Company Participants Susan Gille - IR Lisa Barton - President and CEO Robert Durian - EVP and CFO Conference Call Participants Nathan Richardson - Barclays Julian Dumoulin-Smith - Jefferies Andrew Weisel - Scotiabank Paul Fremont - Ladenburg Aditya Gandhi - Wolf Research Bill Appicelli - UBS Operator Please stand by, we're about to begin. Thank you for holding, everyone, and welcome to Alliant Energy's Thir ...

Financial Data and Key Metrics Changes - The company reported Q3 earnings of $1.15 per share, an increase from non-GAAP earnings of $1.05 per share in Q3 2023, primarily due to higher revenue requirements from capital investments and timing of income tax expense [22][23] - The 2024 earnings guidance has been narrowed to a range of $2.99 to $3.06 per share, reflecting solid earnings through September and successful offsetting of temperature impacts [26][28] Business Line Data and Key Metrics Changes - Higher sales to residential and commercial customers were noted, partially offset by lower sales to low-margin industrial customers due to reduced maintenance [25] - The company anticipates a 20% increase in peak demand over the next five years from new data center loads, with the first phase expected to add 1.1 gigawatts by the end of 2028 [10][11] Market Data and Key Metrics Changes - The company is experiencing a collaborative regulatory environment in both Iowa and Wisconsin, which supports growth and enhances reliability [17] - The recently approved individual customer rates in Iowa are expected to stabilize base rates through the end of the decade, providing predictability for customers [12] Company Strategy and Development Direction - The company is focused on economic development, leveraging a dynamic resource planning model to adapt to evolving customer needs [8][9] - A refreshed Clean Energy Blueprint is being implemented to align energy resources with growing demand, incorporating investments in renewable generation and energy storage [14][18] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving long-term earnings growth targets of 5% to 7%, despite challenges from milder temperatures impacting earnings [6][28] - The company is committed to maintaining affordability while advancing its clean energy transition, with over 40% of the capital expenditure plan dedicated to renewable investments [18][32] Other Important Information - The company has increased its four-year capital expenditure plan by approximately $1.8 billion, projecting a compounded annual growth rate of 10% for rate base plus construction work in progress [35] - A $50 million grant from the U.S. Department of Energy has been secured to enhance electric grid reliability in rural Wisconsin [34] Q&A Session Summary Question: Impact of load growth on long-term EPS guidance - Management indicated that high case load growth would extend the 5% to 7% growth opportunities, with Phase 2 growth anticipated in later years [49] Question: Equity contributions and future financing - The company plans to need approximately $1 billion of new common equity through 2028, with higher levels of growth expected in the latter half of the capital expenditure plan [50][51] Question: Clarification on Phase 2 contributions - Management stated that visibility on load growth will improve as contracts are finalized, with updates to be provided as more information becomes available [55] Question: Weather impact on 2024 guidance - The company acknowledged that temperature impacts have been significant, with efforts to offset about 75% of these impacts contributing to the updated guidance [61][62] Question: Long-term EPS growth base - The revised 2024 guidance midpoint will serve as the base for long-term growth, with a commitment to a solid 6% growth rate despite a lower starting point [78][79] Question: Tax credits and financing plan insights - The company targets approximately $1.6 to $1.7 billion in tax credit monetization over the next four years, which will support financing for capital expenditures [80][81] Question: Future load growth revisions - Management indicated that revisions may occur in the first half of next year as new data center loads are aligned [83]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to alliantenergylogo.jpg Name of Registrant, State of Incorporation, Address of Principal Executive Offices, Telephone Number, Commission File Numb ...

Alliant Energy Corporation (LNT) reported third-quarter 2024 operating earnings of $1.15 per share, which beat the Zacks Consensus Estimate of $1.11 by 3.6%. The bottom line also rose 9.5% from the year-ago quarter’s $1.05 per share.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.LNT’s Revenues Revenues totaled $1.081 billion, which beat the Zacks Consensus Estimate of $1.080 billion by 0.1%. The top line also increased 0.4% from the year-ago quarter’s $1.077 billion.LNT’s Operation ...

Alliant Energy Corporation Q3 2024 Earnings Call November 1, 2024 Cautionary Statements Forward-looking Statements The information regarding forecasted earnings per share, forecasted dividend levels, forecasted effective income tax rates, capital expenditure plans, financing plans and regulatory plans contain forward-looking statements. Actual results could differ materially because the realization of those results is subject to many uncertainties, including: the state of the economy in the service territor ...

Alliant Energy (LNT) came out with quarterly earnings of $1.15 per share, beating the Zacks Consensus Estimate of $1.11 per share. This compares to earnings of $1.05 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 3.60%. A quarter ago, it was expected that this electric and gas utility parent company would post earnings of $0.71 per share when it actually produced earnings of $0.57, delivering a surprise of -19.72%.Over the la ...

Exhibit 99.1 Alliant Energy Corporation Corporate Headquarters 4902 North Biltmore Lane Madison, WI 53718-2148 www.alliantenergy.com News Release Media Hotline:(608) 458-4040 Investor Relations: Susan Gille (608) 458-3956 FOR IMMEDIATE RELEASE ALLIANT ENERGY ANNOUNCES THIRD QUARTER 2024 RESULTS • Third quarter GAAP earnings per share was $1.15 in 2024, compared to $1.02 in 2023 • 2024 earnings guidance narrowed to a range of $2.99 - $3.06 per share • Provided 2025 earnings guidance range of $3.15 - $3.25 pe ...

Alliant Energy (LNT) is scheduled to release third -quarter 2024 results on Oct. 31, after market close. The company delivered a negative earnings surprise of 19.7% in the last reported quarter. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar. Let's discuss the factors that are likely to be reflected in the upcoming quarterly results. Key Factors That Might Have Impacted LNT's Q3 Performance In August 2024, the Midcontinent Independent System Operator ("MISO") set a solar energy gen ...

Alliant Energy (LNT) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The earnings report, which is expected to be released on October 31, 2024, might help the stock move higher if these key numbers are better ...

A view of electric power lines at sunset. James O'Neil In my nearly six years on Seeking Alpha, I have underscored the following assertion many times: Successful investing is as easy as buying quality businesses at a price below fair value and simply holding for the long haul. Time after time, this is proven to be true. It doesn't always take that long to see the fruits of a wise investment decision, either. Buying a great business while it's out of favor and waiting for a turnaround in sentiment is all tha ...