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Sep 30, 2023
Alliant Energy Q3 2023 Earnings Report
Alliant Energy announced third quarter 2023 results.
Key Takeaways
Alliant Energy reported solid financial and operational results in Q3 2023. The company narrowed its 2023 earnings guidance and introduced 2024 earnings guidance, reinforcing consistent performance and predictable long-term growth.
Third quarter GAAP earnings per share was $1.02 in 2023, compared to $0.90 in 2022.
Utilities and Corporate Services generated $1.11 per share of GAAP EPS in the third quarter of 2023, which was $0.12 per share higher than the third quarter of 2022.
Non-utility and Parent operations generated $(0.12) per share of GAAP EPS in the third quarter of 2023, which was a $0.01 per share earnings decrease compared to the third quarter of 2022.
Provided 2024 earnings guidance range of $2.99 to $3.13 and 2024 common stock dividend target of $1.92.
Revenue by Segment
Forward Guidance
Alliant Energy provided 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 regulatory outcomes from regulatory proceedings
- Stable economy and resulting implications on utility sales
- Execution of capital expenditure and financing plans
Challenges Ahead
- Material non-cash valuation adjustments
- Regulatory-related charges or credits
- Reorganizations or restructurings
- Future changes in laws including corporate tax reform in Iowa
- Regulations or regulatory policies
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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