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Mar 31, 2021
Alliant Energy Q1 2021 Earnings Report
Announced solid first quarter results, reaffirming 2021 earnings guidance and achieving a milestone in clean energy transition.
Key Takeaways
Alliant Energy reported GAAP EPS of $0.68 and non-GAAP EPS of $0.68 for Q1 2021. The company reaffirmed its 2021 earnings guidance range of $2.50 to $2.64. A key highlight was the approval for the first 675 megawatts of the proposed solar expansion in Wisconsin.
Utilities and Corporate Services generated $0.66 per share of GAAP EPS, $0.06 lower than Q1 2020, due to timing of income tax expense, higher depreciation, and lower allowance for funds used during construction.
Non-utility and Parent operations generated ($0.01) per share of GAAP EPS, a $0.04 increase compared to Q1 2020, driven by a credit loss charge in Q1 2020 related to guarantees associated with an affiliate of Whiting Petroleum.
Higher revenue requirements due to increasing rate base contributed $0.08 to EPS.
Estimated temperature impact on retail electric and gas sales increased EPS by $0.04.
Revenue by Segment
Forward Guidance
Alliant Energy's consolidated EPS guidance of $2.50 - $2.64 for 2021 remains unchanged.
Positive Outlook
- Ability of IPL and WPL to earn their authorized rates of return
- Stable economy and resulting implications on utility sales
- Normal temperatures in its utility service territories
- Execution of cost controls
- Execution of capital expenditure and financing plans
Challenges Ahead
- Impacts of any material non-cash valuation adjustments
- Regulatory-related charges or credits
- Reorganizations or restructurings
- Future changes in laws, regulations or regulatory policies
- Adjustments made to deferred tax assets and liabilities from valuation allowances
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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