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Sep 30, 2024
Alliant Energy Q3 2024 Earnings Report
Alliant Energy's financial performance remained solid, driven by capital investments and effective strategy execution.
Key Takeaways
Alliant Energy reported a GAAP EPS of $1.15 for Q3 2024, compared to $1.02 in Q3 2023. The company has narrowed its 2024 earnings guidance to $2.99 - $3.06 per share and provided 2025 earnings guidance range of $3.15 - $3.25 per share. The company also forecasted 2025 - 2028 capital expenditures of $11 billion in aggregate.
Third quarter GAAP earnings per share was $1.15 in 2024, compared to $1.02 in 2023.
2024 earnings guidance narrowed to a range of $2.99 - $3.06 per share.
Provided 2025 earnings guidance range of $3.15 - $3.25 per share and 2025 annual common stock dividend target of $2.03.
Forecasted 2025 - 2028 capital expenditures of $11 billion in aggregate.
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 narrowing its EPS guidance for 2024 to $2.99 - $3.06 and issuing EPS guidance for 2025 of $3.15 - $3.25.
Positive Outlook
- Ability of IPL and WPL to earn their authorized rates of return
- Normal temperatures in its utility service territories
- Stable economy and resulting implications on utility sales
- Successful execution, including achievement of in-service dates, of capital expenditure plans, including renewable energy and battery storage projects
- Successful execution of cost controls and financing plans
Challenges Ahead
- 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