LNT
FY2026 Q1 · Calendar Q2 2026
Alliant Energy Corporation
Alliant Energy's Q1 2026 results reflect a utility successfully capitalizing on surging data center electricity demand. EPS of $0.82 beat consensus by 3.4% and revenue of $1.18B exceeded estimates by 10.1%, driven by growing large-load connections. The company signed a 370 MW electric service agreement with a hyperscale customer in Iowa and is participating in a $10 billion QTS data center development, described as the largest economic investment in Iowa's history. With five agreements totaling approximately 3.4 GW under construction and a pipeline of 2-4 GW in additional opportunities, management is scaling flexible generation—simple-cycle gas turbines and battery storage—to meet ramping demand. The capital plan is funded through a mix of cash, up to $800 million in new debt, and $1.3 billion in secured forward equity agreements. An S&P credit rating upgrade from BBB+ to A- for IPL…
EPS surprise+3.4%
Market move+0.9%
