Analyst Consensus ?
ConsensusBuy21 ratings
Bullish1152.4%
Neutral1047.6%
Bearish00.0%
Alliant Energy Corporation · LNT · FY2026 Q3 · Calendar Q4 2026
Alliant expands capital plan as data-center demand lifts growth outlook
The call strengthened the growth case for Alliant by linking data-center and industrial demand to a larger rate base and generation buildout. The evidence is constructive, but the outcome depends on financing, project execution, load timing and regulatory approvals.
Reported After market closeNASDAQUtilities
$18.33B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$1.52
Consensus $1.31
EPS surprise
+16.0%
Reported versus consensus
Reported revenue
$1.28B
Consensus $1.26B
Revenue surprise
+1.9%
Reported versus consensus
Market reaction
event-close to next-session close
Stock move
+1.4%
Event window
SPY move
-1.8%
Same window
Abnormal move
+3.1%
Stock minus SPY
Volume
2.1×
Versus trailing sessions
Subsequent drift
0.0%
Up to 20 sessions
LNTSPY benchmark
Ask FN2 about LNT FY2026 Q3
Transcript, numbers and history already loaded
Why did LNT rise 1.4% after beating EPS estimates in FY2026 Q3?What changed in LNT's guidance and outlook in FY2026 Q3?Give me the bull and bear case for LNT after FY2026 Q3 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Compared with the prior quarter, Alliant increased its capital plan by 19% to $15.9 billion, outlined a larger generation and storage buildout, added a $5.1 billion DOE loan program, narrowed 2026 guidance to the top half of the prior range, and raised 2027 guidance.
Guidance delta
2026 earnings guidance was narrowed to the top half of the prior range; 2027 guidance was raised, with a long-term earnings growth target of 8%+ through 2030.
Key takeaways
- The capital plan increased 19% to $15.9 billion through 2030, targeting a 13% rate-base CAGR.
- Data-center demand from Google, Meta and QTS is expected to drive more than 60% of contracted load growth by 2031.
- A $5.1 billion DOE guaranteed loan program is expected to generate up to $1.2 billion in cumulative customer savings.
- Iowa rate stability was extended through 2030, while a Wisconsin large-load tariff and a second Google project filing are forthcoming.
- Management said the plan supports long-term earnings growth of 8% or more through 2030.
Management priorities
- Contract an additional approximately 1 GW of load within six months.
- Develop more than seven data-center sites beyond the existing 3.4 GW.
- Add 1.2 GW of natural-gas combustion turbines and 200 MW of storage.
- Pursue wind repowering and further renewable additions.
- Advance the Wisconsin large-load tariff, Google ICR, QTS rate application, and 2028-2029 base-rate review.
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Analyst 52W Price Targets
$71.65Current
$60Low
$72.09Average
$83High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 30, 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 $71.65. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| HSBC | Analyst unavailable | $69.5 | $68.39 | -3.0% | Oct 22, 2026 |
| RBC Capital | Analyst unavailable | $75 | $66.67 | +4.7% | Oct 14, 2026 |
| BMO Capital | Edward DeArias | $75 | $66.71 | +4.7% | Oct 14, 2026 |
| Barclays | Nicholas Campanella | $68 | $66.46 | -5.1% | Oct 13, 2026 |
| Jefferies | Julien Dumoulin-Smith | $75 | $65.85 | +4.7% | Oct 12, 2026 |
| Jefferies | Julien Dumoulin-Smith | $80 | $68.92 | +11.7% | Aug 27, 2026 |
| Mizuho Securities | Anthony Crowdell | $75 | $70.78 | +4.7% | Aug 3, 2026 |
| BMO Capital | Analyst unavailable | $83 | $75.98 | +15.8% | Jul 15, 2026 |
| Scotiabank | Andrew Weisel | $74 | $73.86 | +3.3% | May 4, 2026 |
| BMO Capital | Edward DeArias | $81 | $74 | +13.0% | May 4, 2026 |
| Mizuho Securities | Analyst unavailable | $76 | $74.06 | +6.1% | May 4, 2026 |
| Wells Fargo | Analyst unavailable | $76 | $72.4 | +6.1% | Apr 21, 2026 |
| BMO Capital | Analyst unavailable | $79 | $72.77 | +10.3% | Apr 17, 2026 |
| Barclays | Nicholas Campanella | $74 | $72.3 | +3.3% | Apr 15, 2026 |
| BMO Capital | Analyst unavailable | $78 | $71.86 | +8.9% | Feb 23, 2026 |
| Mizuho Securities | Analyst unavailable | $73 | $71.01 | +1.9% | Feb 23, 2026 |
| Wells Fargo | Analyst unavailable | $75 | $71.01 | +4.7% | Feb 22, 2026 |
| Barclays | Analyst unavailable | $67 | $67.28 | -6.5% | Jan 21, 2026 |
| Wells Fargo | Analyst unavailable | $71 | $67.34 | -0.9% | Jan 20, 2026 |
| UBS | Analyst unavailable | $75 | $65.26 | +4.7% | Dec 17, 2025 |
| Wolfe Research | Steve Fleishman | $76 | $69.47 | +6.1% | Dec 1, 2025 |
| Jefferies | Julien Dumoulin-Smith | $78 | $68.27 | +8.9% | Nov 24, 2025 |
| BMO Capital | Analyst unavailable | $71 | $67.6 | -0.9% | Oct 17, 2025 |
| Barclays | Analyst unavailable | $65 | $67.66 | -9.3% | Oct 14, 2025 |
| UBS | Analyst unavailable | $74 | $67.24 | +3.3% | Oct 10, 2025 |
| Wolfe Research | Steve Fleishman | $68 | $61.92 | -5.1% | Jul 7, 2025 |
| Jefferies | Julien Dumoulin-Smith | $71 | $63.16 | -0.9% | May 20, 2025 |
| BMO Capital | Analyst unavailable | $64 | $61.03 | -10.7% | Apr 22, 2025 |
| Wells Fargo | Neil Kalton | $66 | $61.08 | -7.9% | Oct 16, 2024 |
| Barclays | Nicholas Campanella | $61 | $59.67 | -14.9% | Oct 14, 2024 |
| Mizuho Securities | Anthony Crowdell | $61 | $60.19 | -14.9% | Oct 4, 2024 |
| Jefferies | Julien Dumoulin-Smith | $67 | $59.75 | -6.5% | Sep 19, 2024 |
| Bank of America Securities | Paul Cole | $63 | $57.61 | -12.1% | Aug 29, 2024 |
| Scotiabank | Andrew Weisel | $64 | $57.72 | -10.7% | Aug 20, 2024 |
| Scotiabank | Andrew Weisel | $58 | $55.32 | -19.1% | Aug 6, 2024 |
| BMO Capital | James Thalacker | $60 | $56.09 | -16.3% | Aug 6, 2024 |
| Barclays | Nicholas Campanella | $55 | $52 | -23.2% | Jul 11, 2024 |
| BMO Capital | James Thalacker | $53 | $48 | -26.0% | Apr 15, 2024 |
| Mizuho Securities | Anthony Crowdell | $55 | $55.21 | -23.2% | Jan 9, 2023 |
| Wells Fargo | Analyst unavailable | $65 | $58.81 | -9.3% | May 2, 2022 |
| Wolfe Research | Steve Fleishman | $65 | $58.81 | -9.3% | 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 earningsUtilities peers this season
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| EXC Exelon Corporation | FY2026 Q3 · Calendar Q4 2026 | — | +1.2% | Exelon narrows 2026 guidance as transmission and storage plans expand |
| D Dominion Energy, Inc. | FY2026 Q3 · Calendar Q4 2026 | — | +2.5% | Dominion raises guidance as data-center demand and CVOW progress |
| EIX Edison International | FY2026 Q3 · Calendar Q4 2026 | +3.3% | -0.2% | Edison reaffirms 2026 outlook as wildfire reform remains unresolved |
| WEC WEC Energy Group, Inc. | FY2026 Q3 · Calendar Q4 2026 | +21.5% | +3.7% | WEC raises 2026 guidance as data-center demand expands capital plan |
Latest beats and misses
Who reports nextBeat on EPS
- WYFY2026 Q3 · October 29, 2026+128.3% EPS+3.0% move
- MTZFY2026 Q3 · October 29, 2026+0.3% EPS+0.8% move
- ERIEFY2026 Q3 · October 29, 2026+2.1% EPS+5.3% move
- IRFY2026 Q3 · October 29, 2026+18.5% EPS+0.2% move
- VLTOFY2026 Q3 · October 29, 2026+8.3% EPS+9.8% move
- RIVNFY2026 Q3 · October 29, 2026+25.4% EPS+6.2% move
Missed on EPS
- VALEFY2026 Q3 · October 29, 2026-24.6% EPS+1.9% move
- AMZNFY2026 Q3 · October 29, 2026-4.1% EPS-1.6% move
- SYKFY2026 Q3 · October 29, 2026-0.8% EPS-5.0% move
- DLR-PJFY2026 Q3 · October 29, 2026-8.4% EPS— move
- DLRFY2026 Q3 · October 29, 2026-8.4% EPS-3.0% move
- EGFY2026 Q3 · October 28, 2026-18.8% EPS+3.5% move
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Sources
- Earnings call transcript and parsed analysis · 2026-10-30T20:08:40.366490+00:00
- FN2 earnings calendar · 2026-10-30T01:23:13.979536+00:00
- Polygon adjusted daily market bars · 2026-10-30T20:20:42.808652+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-30T20:20:42.805939+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 2026-10-30. For educational purposes only; not investment advice.