Alliant Energy (LNT) Q1 2026 Earnings
Reported Apr 30, 2026 at 6:23 PM ET · SEC Source
Q1 26 EPS
$0.82
BEAT +3.96%
Est. $0.79
Q1 26 Revenue
$1.18B
BEAT +6.40%
Est. $1.11B
vs S&P Since Q1 26
+0.8%
BEATING MARKET
LNT +4.1% vs S&P +3.3%
Market Reaction
Did LNT Beat Earnings? Q1 2026 Results
Alliant Energy posted a solid first quarter for 2026, with non-GAAP EPS of $0.82 edging past the $0.79 consensus estimate by 3.96%, while revenue of $1.18 billion beat expectations by 6.40% and rose 5.0% year over year from $1.13 billion. The top-lin… Read more Alliant Energy posted a solid first quarter for 2026, with non-GAAP EPS of $0.82 edging past the $0.79 consensus estimate by 3.96%, while revenue of $1.18 billion beat expectations by 6.40% and rose 5.0% year over year from $1.13 billion. The top-line strength was anchored by higher electric and gas utility revenues, though operating income dipped to $249.00 million from $257.00 million as increased depreciation, interest expense, and planned maintenance costs offset those gains. The more compelling headline, however, may be strategic: Alliant signed a new roughly 370 MW electric service agreement in Iowa for data center demand, lifting its total contracted data center load to approximately 3.4 GW across five agreements, a demand signal that analysts see as a meaningful long-term growth lever. Some observers have flagged a one-time tax benefit in the GAAP result as a potential earnings quality concern, though the company's reaffirmed 2026 ongoing EPS guidance range of $3.36 to $3.46 per share suggests management views the underlying business as firmly on track.
Key Takeaways
- • Higher revenue requirements from increasing rate base at IPL ($0.05/share) and WPL ($0.10/share), including investments in generation and energy storage
- • Higher allowance for funds used during construction ($30M vs $18M YoY)
- • Non-GAAP adjustment of $0.05/share benefit from remeasurement of deferred tax assets
- • Increased equity income from unconsolidated investments ($22M vs $13M)
- • Warmer-than-normal temperatures reduced retail electric and gas sales by estimated $0.04/share
LNT Forward Guidance & Outlook
Alliant Energy reaffirmed its 2026 consolidated ongoing EPS guidance range of $3.36 to $3.46 per diluted share. Key assumptions include the ability of IPL and WPL to earn their authorized rates of return, normal temperatures, a stable economy, execution of capital expenditure plans including targeted in-service dates, execution of cost controls and financing plans, and a consolidated effective tax rate of negative 29%. The company noted it delivered approximately 25% of its guidance midpoint in Q1 2026.
LNT YoY Financials
Q1 2026 vs Q1 2025, source: SEC Filings
LNT Revenue by Segment
With YoY comparisons, source: SEC Filings
“We are off to a strong start in 2026, delivering approximately 25% of our ongoing earnings guidance midpoint, and reaffirming our full-year ongoing EPS outlook.”
— Lisa Barton, Q1 2026 Earnings Press Release
LNT Earnings Trends
LNT vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
LNT EPS Trend
Earnings per share: estimate vs actual
LNT Revenue Trend
Quarterly revenue: estimate vs actual
LNT Quarterly Results
4 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 BEAT | $0.79 | $0.82 | +3.96% | $1.18B | +6.40% |
| Q4 25 BEAT FY | $0.58 | $0.60 | +2.67% | $1.06B | +19.12% |
| FY Full Year | — | $3.22 | — | $4.36B | — |
| Q3 25 MISS | $1.19 | $1.12 | -5.80% | $1.21B | -8.85% |
| Q2 25 BEAT | $0.64 | $0.68 | +6.00% | $961.0M | +4.81% |