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Sep 30, 2022
Alliant Energy Q3 2022 Earnings Report
Alliant Energy's Q3 2022 earnings were announced, with GAAP EPS of $0.90 and non-GAAP EPS of $0.93.
Key Takeaways
Alliant Energy reported solid financial results for Q3 2022, driven by its purpose-driven strategy and renewable energy execution. The company raised and narrowed its 2022 earnings guidance and announced its 2023 earnings range and common stock dividend target.
2022 earnings guidance increased and narrowed to a range of $2.76 - $2.83 per share.
Provided 2023 earnings guidance range of $2.82 - $2.96 and 2023 annual common stock dividend target of $1.81.
Increased forecasted 2023 - 2026 capital expenditures to $8.5 billion in aggregate.
An additional 100 megawatts of solar generation was placed into service.
Alliant Energy
Alliant Energy
Alliant Energy Revenue by Segment
Revenue by Segment
Electric utility Revenue
CapyFin.comGas utility Revenue
CapyFin.comOther utility Revenue
CapyFin.comNon-utility Revenue
CapyFin.com Forward Guidance
Alliant Energy is issuing EPS guidance for 2023 of $2.82 - $2.96 and has increased its 2023 expected annual common stock dividend target to $1.81 per share.
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 elevated interest rates on financing plans
- The impacts of any material non-cash valuation adjustments
- Regulatory-related charges or credits
- Reorganizations or restructurings
- Future changes in laws including corporate tax reform in Iowa
Revenue & Expenses
Visualization of income flow from segment revenue to net income