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Dec 31, 2021

Alliant Energy Q4 2021 Earnings Report

Alliant Energy reported Q4 2021 earnings with an EPS of $0.35 and is updating its EPS guidance for 2022.

Key Takeaways

Alliant Energy announced its 2021 results, marking the 3rd consecutive year of delivering 7% EPS growth and the 19th consecutive year of dividend growth. Adjusted earnings per share were $2.58 in 2021 compared to $2.42 in 2020, representing 7% growth. The company provided updated 2022 earnings guidance range of $2.67 to $2.81 per share and updated 2022-2025 net capital expenditures of $6.1 billion in aggregate.

Adjusted earnings per share were $2.58 in 2021, a 7% increase compared to $2.42 in 2020.

Updated 2022 earnings guidance range is $2.67 to $2.81 per share.

Updated 2022-2025 net capital expenditures are projected at $6.1 billion in aggregate.

The midpoint of the 2022 EPS guidance was increased by $0.02 per share primarily due to increased 2022 capital expenditures related to solar generation.

Total Revenue
$927M
Previous year: $817M
+13.5%
EPS
$0.35
Previous year: $0.24
+45.8%
Book Value per Share
$23.9
Previous year: $22.8
+5.1%
Common Dividend Rate
$0.403
Previous year: $0.38
+5.9%
Gross Profit
$321M
Previous year: $299M
+7.4%
Cash and Equivalents
$39M
Previous year: $54M
-27.8%
Free Cash Flow
-$292M
Previous year: -$366M
-20.2%
Total Assets
$18.6B
Previous year: $17.7B
+4.8%

Alliant Energy

Alliant Energy

Alliant Energy Revenue by Segment

Forward Guidance

Alliant Energy is updating its EPS guidance for 2022. The midpoint of the 2022 EPS guidance was increased by $0.02 per share primarily due to increased 2022 capital expenditures related to solar generation.

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 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

Revenue & Expenses

Visualization of income flow from segment revenue to net income