Companies /Utilities

Alliant Energy Corp

NASDAQ: LNT Utilities - Regulated Electric
$67.92
▼ $0.06 (−0.09%) today
Markets closed · 7:30pm ET

Q4 2025 Earnings

Reported Feb 19, 2026, 6:22pm ET · SEC source
$0.60
Beat +2.67%
EPS · est. $0.58
$1.1B
Beat +19.12%
Revenue · est. $893.2M
+3.4%
Beating market
LNT vs S&P since report
3 quarters
Consecutive EPS beats

Market Reaction

% change · around the report
−0.6%0+0.6%+1.2%Feb 19Feb 20report 6:22pm ETearnings+0.7%+0.6%
−0.6%0+0.6%+1.2%Feb 19Feb 20earnings+0.7%+0.6%
LNT +0.6%S&P 500 +0.7%
−0.6%0+0.6%+1.2%Feb 19Feb 20report 6:22pm ETearnings+0.9%+0.6%
−0.6%0+0.6%+1.2%Feb 19Feb 20earnings+0.9%+0.6%
LNT +0.6%NASDAQ +0.9%
0+2%+4%Feb 19Feb 27report 6:22pm ETearnings+0.3%+4.1%
0+2%+4%Feb 19Feb 27earnings+0.3%+4.1%
LNT +4.1%S&P 500 +0.3%
0+2%+4%Feb 19Feb 27report 6:22pm ETearnings+0.8%+4.1%
0+2%+4%Feb 19Feb 27earnings+0.8%+4.1%
LNT +4.1%NASDAQ +0.8%
+1.43%
Day of report
+1.27%
Next session
+1.87%
One week
−1.90%
30 days

S&P 500 over the same 30 days: −5.26%.

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 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

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

Alliant Energy CEO, on the earnings call

Forward Guidance & Outlook

Alliant Energy affirmed its 2026 consolidated ongoing EPS guidance range of $3.36 to $3.46, continuing its track record of compound annual earnings growth of more than 6%. The company updated projected capital expenditures of $3.13 billion in 2026, $3.58 billion in 2027, $3.625 billion in 2028, and $3.065 billion in 2029, with significant investment in renewables, energy storage, and gas generation projects alongside distribution system upgrades.

LNT YoY Financials

Q4 2025 vs Q4 2024 · SEC filings Q4 2024 Q4 2025
$0$300.0M$600.0M$900.0M$976.0M$1.1BRevenue$221.0M$196.0MOperating Income$150.0M$142.0MNet Income
$0$300.0M$600.0M$900.0MRevenueOperating IncomeNet Income

LNT Revenue by Segment

Electric Utility$870.0M
Gas Utility$159.0M
Non-utility$21.0M
Other Utility$14.0M

Figures from SEC filings and company reports. Not investment advice.