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Sep 30
Alliant Energy Q3 2025 Earnings Report
Alliant Energy reported lower net income and EPS for Q3 2025 compared to the same quarter in 2024.
Key Takeaways
Alliant Energy posted solid operational results in Q3 2025 with revenue and earnings driven by higher demand from data centers and base rate increases. However, higher maintenance, depreciation, and financing costs impacted net income.
GAAP EPS was $1.09 for Q3 2025, down from $1.15 in Q3 2024.
Revenue increased to $1.21 billion, supported by higher electric utility demand.
Net income for the quarter was $281 million, compared to $295 million a year ago.
Contracted data center demand surged to 3 GW, increasing projected peak load by 50% by 2030.
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 raised its 2026 earnings guidance to $3.36–$3.46 per share, targeting a 6.6% increase over 2025, with capital expenditures forecasted at $13.4 billion through 2029.
Positive Outlook
- 2026 EPS guidance raised to $3.36–$3.46 per share
- Announced 2026 annual dividend target of $2.14 per share
- Data center contracts to boost peak demand by 50% by 2030
- Capital plan increased to $13.4 billion to support growth
- Strong execution of ongoing capital investments in renewables and storage
Challenges Ahead
- Higher O&M expenses due to planned maintenance and new assets
- Increased depreciation and amortization from growing asset base
- Higher financing costs impacted earnings
- Income tax timing fluctuations affected quarterly performance
- State tax apportionment changes led to a $0.03 EPS adjustment