Company Overview - Alliant Energy Corporation (LNT) is a utility holding company based in Madison, Wisconsin, providing regulated electricity and natural gas services, with a market cap of $16.8 billion [1]. Market Position - LNT is classified as a large-cap stock, emphasizing its size and influence in the regulated electric utility industry, and its focus on clean energy investments positions it for future growth [2]. Stock Performance - LNT's stock has experienced a decline of 6.3% from its 52-week high of $69.75, reached on October 24, while showing marginal gains over the past three months, aligning with the Utilities Select Sector SPDR Fund's (XLU) performance [3][4]. - Over a six-month period, LNT shares rose by 6.2%, outperforming XLU's gains of 4.6%, but the stock only climbed 8% over the past 52 weeks, underperforming XLU's 10.4% returns [4]. Financial Results - For Q3, LNT reported an adjusted EPS of $1.12, a decrease of 2.6% year-over-year, with revenue of $1.2 billion, reflecting an increase of 11.9% year-over-year. The company anticipates a full-year adjusted EPS between $3.17 and $3.23 [5]. Competitive Landscape - LNT's competitor, Ameren Corporation (AEE), has shown marginal gains over six months but has outperformed LNT with an 8.3% increase over the past 52 weeks [6]. Analyst Sentiment - Wall Street analysts maintain a "Moderate Buy" rating for LNT, with a consensus mean price target of $72.11, indicating a potential upside of 10.4% from current price levels [6].

CFO Commentary September 18, 2025 Arthur J. Gallagher & Co. Forward-Looking Statements and Non-GAAP Measures Information Concerning Forward-Looking Statements This CFO Commentary contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this CFO Commentary, the words "anticipates," "believes," "contemplates," "see," "should," "could," "will," "estimates," "expects," "intends," "plans" and variations thereof and similar expressions, are int ...

Core Insights - Vistra Corp. reported a net loss of $268 million for Q1 2025, a significant decline from a net income of $18 million in Q1 2024, primarily due to unrealized mark-to-market losses on derivative positions as energy prices increased [4][19] - Ongoing Operations Adjusted EBITDA for Q1 2025 was $1,240 million, up from $810 million in Q1 2024, driven by strong retail performance and higher wholesale prices [4][6] - The company reaffirmed its 2025 guidance for Ongoing Operations Adjusted EBITDA in the range of $5.5 billion to $6.1 billion, and Ongoing Operations Adjusted Free Cash Flow before Growth in the range of $3.0 billion to $3.6 billion [6][7] Financial Performance - Operating revenues for Q1 2025 were $3,933 million, compared to $3,054 million in Q1 2024, reflecting a year-over-year increase [19] - The company’s cash flow from operations was $599 million for Q1 2025, an increase from $312 million in Q1 2024 [21] - Total available liquidity as of March 31, 2025, was approximately $3,903 million, including cash and cash equivalents of $561 million [8] Segment Performance - Adjusted EBITDA by segment for Q1 2025 included: Retail at $184 million (up from $(28) million), Texas at $490 million (up from $429 million), East at $514 million (up from $367 million), and West at $62 million (up from $56 million) [4][22] - The retail segment showed significant improvement, contributing positively to the overall financial results [4][22] Strategic Initiatives - Vistra is focusing on expanding its fleet of zero-carbon resources, including solar, energy storage, and nuclear, as part of its long-term strategy [8][11] - The company has hedged approximately 100% of its expected generation volumes for 2025 and about 90% for 2026, which supports its financial guidance [7][11] Shareholder Returns - Since November 2021, Vistra has executed approximately $5.2 billion in share repurchases, with about $1.5 billion of the share repurchase authorization remaining available [11][12] - The company continues to prioritize returning capital to shareholders while investing in growth opportunities [11][12]