Analyst Consensus ?
ConsensusBuy21 ratings
Bullish1152.4%
Neutral1047.6%
Bearish00.0%
Alliant Energy Corporation · LNT · FY2024 Q2 · Calendar Q3 2024
Alliant Energy Maintains Guidance as Iowa Settlement Supports Load Growth
The call supports a constructive but conditional outlook: rate stability, industrial and data-center load opportunities, renewable and battery investments, and tax-credit monetization could support growth. The case remains dependent on load execution, regulatory approvals, weather, capital needs, and the conversion of announced opportunities into demand and earnings.
Reported After market closeNASDAQUtilities
$17.71B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$0.57
Consensus $0.64
EPS surprise
-10.7%
Reported versus consensus
Reported revenue
$894.0M
Consensus $897.0M
Revenue surprise
-0.3%
Reported versus consensus
Market reaction
event-close to next-session close
Stock move
+0.9%
Event window
SPY move
-1.9%
Same window
Abnormal move
+2.7%
Stock minus SPY
Volume
1.5×
Versus trailing sessions
Subsequent drift
+2.0%
Up to 20 sessions
LNTSPY benchmark
Ask FN2 about LNT FY2024 Q2
Transcript, numbers and history already loaded
Why did LNT rise 0.9% after missing EPS estimates in FY2024 Q2?What changed in LNT's guidance and outlook in FY2024 Q2?Give me the bull and bear case for LNT after FY2024 Q2 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Relative to the prior-quarter analysis, management emphasized the Iowa rate-review settlement as a source of longer-term rate stability and a mechanism to accelerate industrial-load acquisition. The call also added the $123 million West Riverside asset sale, more than $130 million of tax credits monetized in the first seven months of 2024, and a commitment to disclose additional data-center load details in Q3.
Guidance delta
Maintained: management reaffirmed 2024 ongoing EPS guidance of $2.99–$3.13.
Key takeaways
- Management reaffirmed 2024 ongoing EPS guidance of $2.99–$3.13.
- The Iowa rate settlement is intended to provide long-term rate stability and support industrial-load acquisition.
- Operating cash flow increased by about $250 million year over year, helped by rate increases and tax-credit monetization.
- Management plans to provide more detail on data-center and industrial-load forecasts in the Q3 earnings call and at the EEI conference.
- A $123 million sale of a 125 MW West Riverside natural-gas facility reduced external financing requirements.
Management priorities
- Provide a detailed load forecast and resource needs in the Q3 earnings call and at the EEI conference.
- Continue executing the Clean Energy Blueprint with flexible load scenarios.
- Pursue additional data-center and industrial-load agreements in Iowa and Wisconsin.
- Maintain capital investment supporting reliability, affordability, and growth.
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Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$68.32Current
$60Low
$72.27Average
$83High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 18, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| Barclays | Equal Weight | Equal Weight | Maintain | Oct 13, 2026 |
| Mizuho | Neutral | Neutral | Maintain | Aug 3, 2026 |
| BMO Capital | Outperform | Outperform | Maintain | Aug 3, 2026 |
| Scotiabank | Sector Perform | Sector Perform | Maintain | May 4, 2026 |
| Argus Research | Hold | Buy | Downgrade | Jan 9, 2026 |
| UBS | Buy | Buy | Maintain | Dec 17, 2025 |
| B of A Securities | Buy | Buy | Maintain | Oct 17, 2025 |
| Jefferies | Buy | Buy | Maintain | Jul 11, 2025 |
| Wolfe Research | Outperform | Peer Perform | Upgrade | Jul 7, 2025 |
| Guggenheim | Neutral | Neutral | Maintain | Feb 24, 2025 |
| Wells Fargo | Overweight | Overweight | Maintain | Nov 4, 2024 |
| Ladenburg Thalmann | Buy | Neutral | Upgrade | Aug 13, 2024 |
| Bank of America | Buy | Neutral | Upgrade | Jun 26, 2019 |
| Argus | Buy | Buy | Maintain | May 5, 2018 |
| Macquarie | Neutral | Outperform | Downgrade | Jan 24, 2017 |
| Wunderlich Securities | Hold | Hold | Maintain | May 4, 2015 |
| Wunderlich | Hold | Hold | Maintain | May 4, 2015 |
| Baird | Outperform | Neutral | Upgrade | Mar 25, 2015 |
| KeyBanc | Hold | Underweight | Upgrade | Sep 5, 2013 |
| DA Davidson | Buy | Buy | Maintain | Aug 5, 2013 |
| Bank oferica | Neutral | Neutral | Maintain | May 7, 2012 |
Named analyst price targets
Upside is calculated against the persisted current price $68.32. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| RBC Capital | Analyst unavailable | $75 | $66.67 | +9.8% | Oct 14, 2026 |
| BMO Capital | Edward DeArias | $75 | $66.71 | +9.8% | Oct 14, 2026 |
| Barclays | Nicholas Campanella | $68 | $66.46 | -0.5% | Oct 13, 2026 |
| Jefferies | Julien Dumoulin-Smith | $75 | $65.85 | +9.8% | Oct 12, 2026 |
| Jefferies | Julien Dumoulin-Smith | $80 | $68.92 | +17.1% | Aug 27, 2026 |
| Mizuho Securities | Anthony Crowdell | $75 | $70.78 | +9.8% | Aug 3, 2026 |
| BMO Capital | Analyst unavailable | $83 | $75.98 | +21.5% | Jul 15, 2026 |
| Scotiabank | Andrew Weisel | $74 | $73.86 | +8.3% | May 4, 2026 |
| BMO Capital | Edward DeArias | $81 | $74 | +18.6% | May 4, 2026 |
| Mizuho Securities | Analyst unavailable | $76 | $74.06 | +11.2% | May 4, 2026 |
| Wells Fargo | Analyst unavailable | $76 | $72.4 | +11.2% | Apr 21, 2026 |
| BMO Capital | Analyst unavailable | $79 | $72.77 | +15.6% | Apr 17, 2026 |
| Barclays | Nicholas Campanella | $74 | $72.3 | +8.3% | Apr 15, 2026 |
| BMO Capital | Analyst unavailable | $78 | $71.86 | +14.2% | Feb 23, 2026 |
| Mizuho Securities | Analyst unavailable | $73 | $71.01 | +6.9% | Feb 23, 2026 |
| Wells Fargo | Analyst unavailable | $75 | $71.01 | +9.8% | Feb 22, 2026 |
| Barclays | Analyst unavailable | $67 | $67.28 | -1.9% | Jan 21, 2026 |
| Wells Fargo | Analyst unavailable | $71 | $67.34 | +3.9% | Jan 20, 2026 |
| UBS | Analyst unavailable | $75 | $65.26 | +9.8% | Dec 17, 2025 |
| Wolfe Research | Steve Fleishman | $76 | $69.47 | +11.2% | Dec 1, 2025 |
| Jefferies | Julien Dumoulin-Smith | $78 | $68.27 | +14.2% | Nov 24, 2025 |
| BMO Capital | Analyst unavailable | $71 | $67.6 | +3.9% | Oct 17, 2025 |
| Barclays | Analyst unavailable | $65 | $67.66 | -4.9% | Oct 14, 2025 |
| UBS | Analyst unavailable | $74 | $67.24 | +8.3% | Oct 10, 2025 |
| Wolfe Research | Steve Fleishman | $68 | $61.92 | -0.5% | Jul 7, 2025 |
| Jefferies | Julien Dumoulin-Smith | $71 | $63.16 | +3.9% | May 20, 2025 |
| BMO Capital | Analyst unavailable | $64 | $61.03 | -6.3% | Apr 22, 2025 |
| Wells Fargo | Neil Kalton | $66 | $61.08 | -3.4% | Oct 16, 2024 |
| Barclays | Nicholas Campanella | $61 | $59.67 | -10.7% | Oct 14, 2024 |
| Mizuho Securities | Anthony Crowdell | $61 | $60.19 | -10.7% | Oct 4, 2024 |
| Jefferies | Julien Dumoulin-Smith | $67 | $59.75 | -1.9% | Sep 19, 2024 |
| Bank of America Securities | Paul Cole | $63 | $57.61 | -7.8% | Aug 29, 2024 |
| Scotiabank | Andrew Weisel | $64 | $57.72 | -6.3% | Aug 20, 2024 |
| Scotiabank | Andrew Weisel | $58 | $55.32 | -15.1% | Aug 6, 2024 |
| BMO Capital | James Thalacker | $60 | $56.09 | -12.2% | Aug 6, 2024 |
| Barclays | Nicholas Campanella | $55 | $52 | -19.5% | Jul 11, 2024 |
| BMO Capital | James Thalacker | $53 | $48 | -22.4% | Apr 15, 2024 |
| Mizuho Securities | Anthony Crowdell | $55 | $55.21 | -19.5% | Jan 9, 2023 |
| Wells Fargo | Analyst unavailable | $65 | $58.81 | -4.9% | May 2, 2022 |
| Wolfe Research | Steve Fleishman | $65 | $58.81 | -4.9% | May 2, 2022 |
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Start freeCompany context
Snapshot as of publicationAlliant Energy Corporation functions as a utility holding company, specializing in the provision of regulated electricity and natural gas services. Its operational structure is divided into three principal segments: Utility Electric Operations, Utility Gas Operations, and Utility Other. Through its primary subsidiary, Interstate Power and Light Company (IPL), the corporation generates and distributes electricity, and manages the distribution and transportation of natural gas to retail customers throughout Iowa. IPL also markets electricity to wholesale buyers across Minnesota, Illinois, and Iowa, and generates and supplies steam in Cedar Rapids, Iowa. Similarly, its other subsidiary, Wisconsin Power and Light Company (WPL), is responsible for electricity generation and distribution, alongside natural gas distribution and transport, for retail clients within Wisconsin. WPL additionally sells wholesale electricity in Wisconsin.…
Historical context
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Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2024-10-17T05:10:49.140638+00:00
- Polygon adjusted daily market bars · 2026-10-18T13:50:41.939800+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-18T13:50:41.936921+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-10-18. For educational purposes only; not investment advice.