Alliant Energy Corporation · LNT · FY2024 Q4 · Calendar Q1 2025

Alliant Energy pairs renewable growth with data-center expansion

The supplied analysis supports a constructive but conditional view: renewable expansion, data-center load, rate-base growth, and tax-credit monetization provide potential support, while financing, regulatory execution, and project timing remain material constraints.

Reported After market closeNASDAQUtilities $16.84B market cap
80quality score

Earnings scorecard

Reported versus consensus
Reported EPS — Consensus $0.68
EPS surprise — Reported versus consensus
Reported revenue — Consensus $1.14B
Revenue surprise — Reported versus consensus

Market reaction

event-close to next-session close
Stock move +1.9% Event window
SPY move -1.7% Same window
Abnormal move +3.6% Stock minus SPY
Volume 2.4× Versus trailing sessions
Subsequent drift +0.4% Up to 20 sessions
LNTSPY benchmark

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Transcript intelligence

What changed

Relative to the prior-quarter analysis, the supplied call analysis highlighted 2024 ongoing EPS of $3.04, up to 1.9 GW of data-center load, expanded renewable capacity, and 2025 EPS guidance of $3.15-$3.25. It also emphasized DOE loan guarantees, grants, and a refreshed capital plan.

Guidance delta

Management maintained its 2025 EPS guidance of $3.15-$3.25; no change versus the prior analysis was identified.

Key takeaways

  • Management highlighted 2024 ongoing EPS of $3.04 and a 21st consecutive dividend increase.
  • Renewable capacity reached 1.5 GW of solar and 1.8 GW of wind in the supplied analysis.
  • Data-center load opportunities of up to 1.9 GW in Iowa and Wisconsin remain a central growth driver.
  • Management expects 45%-50% of new capital spending to be equity-financed.

Management priorities

  • Expand solar, wind, battery storage, and potential new gas generation
  • Advance data-center projects and related capital planning
  • Monetize federal tax credits and pursue DOE financing support
  • Secure regulatory and rate approvals in Iowa and Wisconsin

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Earnings History

Estimate Beat Miss Match
LNT EPS earnings history estimate and actual scatter chart 9 reported fiscal quarters and 3 future estimate-only quarters. Q4 '23 estimate $0.55 Q4 '23 actual $0.48, miss Q1 '24 estimate $0.62 Q1 '24 actual $0.62, match Q2 '24 estimate $0.64 Q2 '24 actual $0.57, miss Q3 '24 estimate $1.10 Q3 '24 actual $1.15, beat Q2 '25 estimate $0.64 Q2 '25 actual $0.68, beat Q3 '25 estimate $1.18 Q3 '25 actual $1.12, miss Q4 '25 estimate $0.59 Q4 '25 actual $0.60, beat Q1 '26 estimate $0.79 Q1 '26 actual $0.82, beat Q2 '26 estimate $0.58 Q2 '26 actual $0.65, beat Q3 '26 estimate $1.22 Q4 '26 estimate $0.78 Q1 '27 estimate $0.85
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Analyst Consensus ?

ConsensusBuy21 ratings
Bullish1152.4%
Neutral1047.6%
Bearish00.0%

Analyst 52W Price Targets

$65.52Current
$60Low
$73.29Average
$83High

Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 9, 2026. Not an FN2 forecast.

Firm-level rating actions

FMP grade actions identify the grading firm, not a named analyst.

FirmRatingPrior ratingActionDate
Mizuho Neutral NeutralMaintainAug 3, 2026
BMO Capital Outperform OutperformMaintainAug 3, 2026
Scotiabank Sector Perform Sector PerformMaintainMay 4, 2026
Barclays Equal Weight Equal WeightMaintainApr 15, 2026
Argus Research Hold BuyDowngradeJan 9, 2026
Show 16 more rating actions

Named analyst price targets

Upside is calculated against the persisted current price $65.52. FMP does not supply a rating on these named-analyst rows.

FirmAnalyst52W targetPrice when postedUpsideDate
JefferiesJulien Dumoulin-Smith$80$68.92 +22.1%Aug 27, 2026
Mizuho SecuritiesAnthony Crowdell$75$70.78 +14.5%Aug 3, 2026
BMO CapitalAnalyst unavailable$83$75.98 +26.7%Jul 15, 2026
ScotiabankAndrew Weisel$74$73.86 +13.0%May 4, 2026
BMO CapitalEdward DeArias$81$74 +23.6%May 4, 2026
See 31 more

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Company context

Snapshot as of publication

Alliant 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

All LNT earnings

Latest beats and misses

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Sources

  1. Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
  2. FN2 earnings calendar · 2025-02-06T00:01:56.136176+00:00
  3. Polygon adjusted daily market bars · 2026-10-09T13:30:43.726175+00:00
  4. Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-09T13:30:43.723455+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 2026-10-09. For educational purposes only; not investment advice.