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Mar 31, 2024
Alliant Energy Q1 2024 Earnings Report
Alliant Energy announced first quarter 2024 results, with earnings per share of $0.62, impacted by historically mild weather and higher financing and depreciation expenses, while reaffirming 2024 earnings guidance.
Key Takeaways
Alliant Energy reported a solid start to the year with first quarter GAAP earnings per share of $0.62, compared to $0.65 in 2023. The company reaffirmed its 2024 earnings guidance range of $2.99 - $3.13 per share. Results were in line with expectations despite historically mild weather.
First quarter GAAP earnings per share was $0.62 in 2024, compared to $0.65 in 2023.
Lower retail electric and gas sales due to warmer than normal temperatures impacted earnings.
Higher financing and depreciation expenses also contributed to lower EPS.
Alliant Energy is reaffirming its 2024 earnings guidance range of $2.99 - $3.13 per share.
Revenue by Segment
Forward Guidance
Alliant Energy is reaffirming its consolidated EPS guidance for 2024 of $2.99 - $3.13.
Positive Outlook
- Ability of Interstate Power and Light Company (IPL) and WPL to earn their authorized rates of return
- Normal temperatures in its utility service territories
- Constructive and timely regulatory outcomes from regulatory proceedings
- Stable economy and resulting implications on utility sales
- 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 including further corporate tax rate changes in Iowa
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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