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Jun 30, 2024
Alliant Energy Q2 2024 Earnings Report
Alliant Energy's Q2 2024 GAAP earnings were impacted by non-recurring charges, but the company reaffirmed its full-year earnings guidance and is positioned for long-term growth through regulatory progress and data center opportunities.
Key Takeaways
Alliant Energy announced second-quarter 2024 GAAP EPS of $0.34 and non-GAAP EPS of $0.57. The company reaffirmed its full-year earnings guidance of $2.99 - $3.13, citing regulatory progress and data center opportunities.
Second quarter GAAP earnings were impacted by non-recurring charges related to the IPL settlement and revised EPA rules.
The company is reaffirming full year earnings guidance of $2.99 - $3.13.
Regulatory progress and data center opportunities position the company for long-term growth.
Ongoing results for the first half of 2024 were in line with expectations, excluding the timing of income taxes and temperature impacts.
Alliant Energy
Alliant Energy
Alliant Energy Revenue by Segment
Alliant Energy Revenue by Geographic Location
Revenue by Segment
Electric utility Revenue
CapyFin.comGas utility Revenue
CapyFin.comOther utility Revenue
CapyFin.comNon-utility Revenue
CapyFin.comRevenue by Geographic Location
United States Revenue
CapyFin.com Forward Guidance
Alliant Energy reaffirmed its consolidated EPS guidance for 2024 of $2.99 - $3.13.
Positive Outlook
- Ability of 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
- The 2024 earnings guidance does not include any recorded or potential future material, nonrecurring adjustments to earnings such as the 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