Analyst Consensus ?
ConsensusBuy21 ratings
Bullish1152.4%
Neutral1047.6%
Bearish00.0%
Alliant Energy Corporation · LNT · FY2025 Q3 · Calendar Q4 2025
Alliant Energy raises 2026 outlook as data-center demand expands
The supplied analysis supports a constructive but conditional view: resilient demand from data centers, regulatory support and investment in generation, storage and renewables could underpin growth over the next year. The case is not yet complete because execution, financing, dilution and the timing of load additions remain material offsets.
Reported After market closeNASDAQUtilities
$16.61B market cap
90quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$1.12
Consensus $1.18
EPS surprise
-5.1%
Reported versus consensus
Reported revenue
$1.21B
Consensus $1.29B
Revenue surprise
-6.1%
Reported versus consensus
Market reaction
event-close to next-session close
Stock move
+0.9%
Event window
SPY move
+0.1%
Same window
Abnormal move
+0.8%
Stock minus SPY
Volume
2.3×
Versus trailing sessions
Subsequent drift
-3.8%
Up to 20 sessions
LNTSPY benchmark
Ask FN2 about LNT FY2025 Q3
Transcript, numbers and history already loaded
Why did LNT rise 0.9% after missing EPS estimates in FY2025 Q3?What changed in LNT's guidance and outlook in FY2025 Q3?Give me the bull and bear case for LNT after FY2025 Q3 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
The current analysis describes a higher 2026 EPS outlook, a 17% larger capital plan through 2029, new or expanded data-center relationships, and additional generation, storage and renewable projects. It also highlights financing actions and regulatory approvals that support the plan; no prior-quarter analysis was supplied for a direct comparison.
Guidance delta
Management raised 2026 EPS guidance to $3.36-$3.46 and narrowed 2025 earnings guidance.
Key takeaways
- Management highlighted a data-center pipeline that could add 3 GW and support 50% peak-demand growth by 2030.
- The capital-expenditure plan increased 17% to $13.4 billion through 2029, focused on storage, gas, wind and renewables.
- Iowa and Wisconsin regulatory approvals support rate stability and planned growth initiatives.
- Financing plans include debt refinancing, junior notes and new equity through 2029.
- The central question is whether load growth and capital deployment convert into durable per-share earnings growth.
Management priorities
- Build data-center facilities in Iowa and Wisconsin and advance the related load ramp.
- Expand energy storage, wind and natural-gas generation capacity.
- Execute the enlarged capital-expenditure program while maintaining financing flexibility.
- Use regulatory approvals and customer agreements to support rate-base growth.
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Analyst 52W Price Targets
$64.33Current
$60Low
$73.29Average
$83High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 3, 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 |
|---|---|---|---|---|
| Mizuho | Neutral | Neutral | Maintain | Aug 3, 2026 |
| BMO Capital | Outperform | Outperform | Maintain | Aug 3, 2026 |
| Scotiabank | Sector Perform | Sector Perform | Maintain | May 4, 2026 |
| Barclays | Equal Weight | Equal Weight | Maintain | Apr 15, 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 $64.33. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Jefferies | Julien Dumoulin-Smith | $80 | $68.92 | +24.4% | Aug 27, 2026 |
| Mizuho Securities | Anthony Crowdell | $75 | $70.78 | +16.6% | Aug 3, 2026 |
| BMO Capital | Analyst unavailable | $83 | $75.98 | +29.0% | Jul 15, 2026 |
| Scotiabank | Andrew Weisel | $74 | $73.86 | +15.0% | May 4, 2026 |
| BMO Capital | Edward DeArias | $81 | $74 | +25.9% | May 4, 2026 |
| Mizuho Securities | Analyst unavailable | $76 | $74.06 | +18.1% | May 4, 2026 |
| Wells Fargo | Analyst unavailable | $76 | $72.4 | +18.1% | Apr 21, 2026 |
| BMO Capital | Analyst unavailable | $79 | $72.77 | +22.8% | Apr 17, 2026 |
| Barclays | Nicholas Campanella | $74 | $72.3 | +15.0% | Apr 15, 2026 |
| BMO Capital | Analyst unavailable | $78 | $71.86 | +21.2% | Feb 23, 2026 |
| Mizuho Securities | Analyst unavailable | $73 | $71.01 | +13.5% | Feb 23, 2026 |
| Wells Fargo | Analyst unavailable | $75 | $71.01 | +16.6% | Feb 22, 2026 |
| Barclays | Analyst unavailable | $67 | $67.28 | +4.2% | Jan 21, 2026 |
| Wells Fargo | Analyst unavailable | $71 | $67.34 | +10.4% | Jan 20, 2026 |
| UBS | Analyst unavailable | $75 | $65.26 | +16.6% | Dec 17, 2025 |
| Wolfe Research | Steve Fleishman | $76 | $69.47 | +18.1% | Dec 1, 2025 |
| Jefferies | Julien Dumoulin-Smith | $78 | $68.27 | +21.2% | Nov 24, 2025 |
| BMO Capital | Analyst unavailable | $71 | $67.6 | +10.4% | Oct 17, 2025 |
| Barclays | Analyst unavailable | $65 | $67.66 | +1.0% | Oct 14, 2025 |
| UBS | Analyst unavailable | $74 | $67.24 | +15.0% | Oct 10, 2025 |
| Wolfe Research | Steve Fleishman | $68 | $61.92 | +5.7% | Jul 7, 2025 |
| Jefferies | Julien Dumoulin-Smith | $71 | $63.16 | +10.4% | May 20, 2025 |
| BMO Capital | Analyst unavailable | $64 | $61.03 | -0.5% | Apr 22, 2025 |
| Wells Fargo | Neil Kalton | $66 | $61.08 | +2.6% | Oct 16, 2024 |
| Barclays | Nicholas Campanella | $61 | $59.67 | -5.2% | Oct 14, 2024 |
| Mizuho Securities | Anthony Crowdell | $61 | $60.19 | -5.2% | Oct 4, 2024 |
| Jefferies | Julien Dumoulin-Smith | $67 | $59.75 | +4.2% | Sep 19, 2024 |
| Bank of America Securities | Paul Cole | $63 | $57.61 | -2.1% | Aug 29, 2024 |
| Scotiabank | Andrew Weisel | $64 | $57.72 | -0.5% | Aug 20, 2024 |
| Scotiabank | Andrew Weisel | $58 | $55.32 | -9.8% | Aug 6, 2024 |
| BMO Capital | James Thalacker | $60 | $56.09 | -6.7% | Aug 6, 2024 |
| Barclays | Nicholas Campanella | $55 | $52 | -14.5% | Jul 11, 2024 |
| BMO Capital | James Thalacker | $53 | $48 | -17.6% | Apr 15, 2024 |
| Mizuho Securities | Anthony Crowdell | $55 | $55.21 | -14.5% | Jan 9, 2023 |
| Wells Fargo | Analyst unavailable | $65 | $58.81 | +1.0% | May 2, 2022 |
| Wolfe Research | Steve Fleishman | $65 | $58.81 | +1.0% | 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
All LNT earningsLatest beats and misses
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Get the LNT recap when the next report posts
One email per quarter with the scorecard, the market reaction and what changed on the call. No account needed.
Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2026-07-26T00:37:12.209961+00:00
- Polygon adjusted daily market bars · 2026-10-03T15:40:41.910034+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-03T15:40:41.907214+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 2026-10-03. For educational purposes only; not investment advice.