Alliant Energy

Alliant Energy (LNT) Q4 2025 Earnings

Reported Feb 19, 2026 at 6:22 PM ET · SEC Source

Q4 25 EPS

$0.60

BEAT +2.67%

Est. $0.58

Q4 25 Revenue

$1.06B

BEAT +19.12%

Est. $893.2M

vs S&P Since Q4 25

+3.2%

BEATING MARKET

LNT +11.5% vs S&P +8.3%

Full Year 2025 Results

FY 25 EPS

$3.22

FY 25 Revenue

$4.36B

Market Reaction

Did LNT Beat Earnings? Q4 2025 Results

Alliant Energy closed out fiscal 2025 on a solid note, with fourth-quarter non-GAAP EPS of $0.60 edging past the $0.58 consensus estimate by 2.67%, while revenue of $1.06 billion topped expectations of $893.23 million and grew 9.0% from $976.00 milli… Read more Alliant Energy closed out fiscal 2025 on a solid note, with fourth-quarter non-GAAP EPS of $0.60 edging past the $0.58 consensus estimate by 2.67%, while revenue of $1.06 billion topped expectations of $893.23 million and grew 9.0% from $976.00 million a year ago. The headline beat was anchored by higher electric and gas utility revenues tied to authorized rate base increases, as ongoing capital investment in generation and energy storage continued to flow through to customer rates. On a GAAP basis, quarterly EPS came in at $0.55, down from $0.58 in Q4 2024, with the year-over-year decline in both GAAP and adjusted quarterly earnings partly reflecting elevated operation and maintenance costs, higher depreciation, and increased financing expenses from a substantial capital program. For full-year 2025, non-GAAP EPS rose 6% to $3.22. Looking ahead, the company affirmed its 2026 ongoing EPS guidance of $3.36 to $3.46, supported by a capital expenditure program totaling $13.40 billion across 2026 through 2029, weighted heavily toward renewables, energy storage, and gas generation to serve expanding data center demand.

Key Takeaways

  • Higher revenue requirements from authorized rate base increases reflecting ongoing capital investments in generation and energy storage
  • Favorable estimated temperature impacts on retail electric and gas sales
  • Higher other operation and maintenance expenses from planned maintenance and new energy resources
  • Higher depreciation and financing expenses related to capital investments
  • Higher development costs to support long-term growth
24/7 Wall St

LNT YoY Financials

Q4 2025 vs Q4 2024, source: SEC Filings

24/7 Wall St

LNT Revenue by Segment

With YoY comparisons, source: SEC Filings

Q2 25 Q1 26

“In 2025, we delivered another solid year of financial and operational results. We're executing well while investing to meet growing customer demand.”

— Lisa Barton, Q4 2025 Earnings Press Release