Alliant Energy(US:LNT)2025-05-08 22:20Earnings Performance - First quarter 2025 GAAP earnings per share (EPS) was $0.83, compared to $0.62 in the first quarter of 2024, representing a 33.87% increase[4] - Alliant Energy reaffirmed its 2025 earnings guidance range of $3.15 - $3.25 per share[4] - Non-utility and Parent operations reported a GAAP EPS of $(0.08) for Q1 2025, down $0.04 from Q1 2024, primarily due to higher financing expenses[2] - Alliant Energy's Utilities and Corporate Services operations generated $0.87 per share of GAAP EPS in Q1 2025, a $0.25 increase from Q1 2024[1] - Alliant Energy's consolidated GAAP EPS for Q1 2025 was $0.83, up from $0.62 in Q1 2024, representing a 33.9% increase[29] Revenue and Income - Total revenues for Q1 2025 reached $1.128 billion, compared to $1.031 billion in Q1 2024, marking a 9.4% year-over-year growth[31] - Operating income for Q1 2025 was $257 million, an increase from $222 million in Q1 2024, reflecting a 15.8% rise[31] - Net income attributable to Alliant Energy common shareholders for Q1 2025 was $213 million, compared to $158 million in Q1 2024, indicating a 34.8% increase[31] Customer Growth - The company serves approximately 1,000,000 electric and 430,000 natural gas customers across the Midwest[18] - Utility retail electric customers increased to 1,004,908 as of March 31, 2025, up from 997,488 a year earlier, showing a growth of 0.4%[36] - Utility retail gas customers also grew to 431,903 as of March 31, 2025, compared to 429,216 in the previous year, a 0.6% increase[36] Capital Expenditures and Investments - Projected capital expenditures for 2025 through 2028 total $11.5 billion, with $2.51 billion planned for 2025[4][12] - Revenue requirements from capital investments contributed $0.21 per share to the EPS increase, driven by a $185 million annual base rate increase authorized for IPL[3][6] Cash Flow and Assets - Cash flows from operating activities for Q1 2025 were $249 million, down from $307 million in Q1 2024, a decrease of 19%[35] - Alliant Energy's total assets as of March 31, 2025, were $22.851 billion, slightly up from $22.714 billion at the end of 2024[33] Dividends and Book Value - The company reported a quarterly common dividend rate per share of $0.5075, an increase from $0.48 in the previous year[36] - Alliant Energy's book value per share increased to $27.61 as of March 31, 2025, compared to $26.59 a year earlier, reflecting a 3.8% growth[36] Other Financial Impacts - Higher depreciation expense negatively impacted EPS by $0.06, while estimated temperature impacts on retail electric and gas sales contributed positively by $0.05[3] - Estimated temperature impacts resulted in a decrease of $0.03 per share in retail electric and gas sales for Q1 2025[7] - Timing of income tax expense resulted in a $0.02 per share increase in earnings for Q1 2025 compared to Q1 2024[8]