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Alliant Energy's Q4 Earnings Top Estimates, Revenues Rise Y/Y
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Alliant Energy Corporation (LNT - Free Report) reported fourth-quarter 2024 operating earnings of 70 cents per share, which beat the Zacks Consensus Estimate of 68 cents by 2.9%. The bottom line also rose 45.8% from the year-ago quarter’s figure of 48 cents.
Revenues totaled $0.976 billion, which missed the Zacks Consensus Estimate of $1.196 billion by 18.4%. However, the top line increased 1.6% from the year-ago quarter’s figure of $0.961 billion.
Full-year 2024 revenues totaled $3.98 billion compared with $4.03 billion last year.
Alliant Energy Corporation Price, Consensus and EPS Surprise
Total operating expenses were $754 million, down 3.1% from $778 million in the year-ago period. This was due to lower electric production fuel and purchased power costs and other expenses.
Operating income totaled $222 million, up 21.3% from the year-ago reported figure.
Interest expenses amounted to $120 million, 14.3% higher than that registered in the prior-year period.
The company’s retail electric and retail gas customers increased 0.7% and 0.6%, respectively, year over year.
LNT reported total utility electric sales of 8,116 thousand megawatt-hours (MWh), up 6.6% from the year-ago quarter’s reported figure.
Total utility gas sold and transported was 44,499 thousand dekatherms, up 7.2% year over year.
LNT’s Financial Update
As of Dec. 31, 2024, cash and cash equivalents amounted to $81 million compared with $62 million as of Dec. 31, 2023.
As of the aforementioned date, long-term debt (excluding the current portion) totaled $8.68 billion, higher than $8.23 billion recorded as of Dec. 31, 2023.
Cash flow from operating activities in 2024 totaled $1.17 billion compared with $0.87 billion last year.
LNT’s Guidance
Alliant Energy anticipates its 2025 earnings to be in the range of $3.15-$3.25 per share. The projection considers the average temperature in its service territories, execution of cost controls and financing plans and the consolidated effective tax rate of (28%). The Zacks Consensus Estimate for earnings is pegged at $3.23 per share, higher than the midpoint of the company’s guided range.
Eversource Energy (ES - Free Report) reported fourth-quarter 2024 adjusted earnings of $1.01 per share, which surpassed the Zacks Consensus Estimate of 99 cents by 2%.
ES’ long-term (three to five years) earnings growth rate is 5.66%. The Zacks Consensus Estimate for 2025 sales is pinned at $12.91 billion, implying a year-over-year increase of 8.5%.
DTE Energy Company (DTE - Free Report) reported fourth-quarter 2024 operating earnings per share of $1.51, which beat the Zacks Consensus Estimate of $1.46 by 3.4%.
DTE’s long-term earnings growth rate is 7.57%. The Zacks Consensus Estimate for 2025 sales is pinned at $12.98 billion, implying a year-over-year increase of 4.2%.
Exelon Corporation’s (EXC - Free Report) fourth-quarter 2024 earnings of 64 cents per share surpassed the Zacks Consensus Estimate of 59 cents by 8.5%.
EXC’s long-term earnings growth rate is 5.71%. The Zacks Consensus Estimate for 2025 sales is pinned at $23.8 billion, implying a year-over-year increase of 3.4%.
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Alliant Energy's Q4 Earnings Top Estimates, Revenues Rise Y/Y
Alliant Energy Corporation (LNT - Free Report) reported fourth-quarter 2024 operating earnings of 70 cents per share, which beat the Zacks Consensus Estimate of 68 cents by 2.9%. The bottom line also rose 45.8% from the year-ago quarter’s figure of 48 cents.
Find the latest EPS estimates and surprises on Zacks Earnings Calendar.
LNT’s Revenues
Revenues totaled $0.976 billion, which missed the Zacks Consensus Estimate of $1.196 billion by 18.4%. However, the top line increased 1.6% from the year-ago quarter’s figure of $0.961 billion.
Full-year 2024 revenues totaled $3.98 billion compared with $4.03 billion last year.
Alliant Energy Corporation Price, Consensus and EPS Surprise
Alliant Energy Corporation price-consensus-eps-surprise-chart | Alliant Energy Corporation Quote
LNT’s Operational Highlights
Total operating expenses were $754 million, down 3.1% from $778 million in the year-ago period. This was due to lower electric production fuel and purchased power costs and other expenses.
Operating income totaled $222 million, up 21.3% from the year-ago reported figure.
Interest expenses amounted to $120 million, 14.3% higher than that registered in the prior-year period.
The company’s retail electric and retail gas customers increased 0.7% and 0.6%, respectively, year over year.
LNT reported total utility electric sales of 8,116 thousand megawatt-hours (MWh), up 6.6% from the year-ago quarter’s reported figure.
Total utility gas sold and transported was 44,499 thousand dekatherms, up 7.2% year over year.
LNT’s Financial Update
As of Dec. 31, 2024, cash and cash equivalents amounted to $81 million compared with $62 million as of Dec. 31, 2023.
As of the aforementioned date, long-term debt (excluding the current portion) totaled $8.68 billion, higher than $8.23 billion recorded as of Dec. 31, 2023.
Cash flow from operating activities in 2024 totaled $1.17 billion compared with $0.87 billion last year.
LNT’s Guidance
Alliant Energy anticipates its 2025 earnings to be in the range of $3.15-$3.25 per share. The projection considers the average temperature in its service territories, execution of cost controls and financing plans and the consolidated effective tax rate of (28%). The Zacks Consensus Estimate for earnings is pegged at $3.23 per share, higher than the midpoint of the company’s guided range.
LNT’s Zacks Rank
Alliant Energy currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Recent Utility Releases
Eversource Energy (ES - Free Report) reported fourth-quarter 2024 adjusted earnings of $1.01 per share, which surpassed the Zacks Consensus Estimate of 99 cents by 2%.
ES’ long-term (three to five years) earnings growth rate is 5.66%. The Zacks Consensus Estimate for 2025 sales is pinned at $12.91 billion, implying a year-over-year increase of 8.5%.
DTE Energy Company (DTE - Free Report) reported fourth-quarter 2024 operating earnings per share of $1.51, which beat the Zacks Consensus Estimate of $1.46 by 3.4%.
DTE’s long-term earnings growth rate is 7.57%. The Zacks Consensus Estimate for 2025 sales is pinned at $12.98 billion, implying a year-over-year increase of 4.2%.
Exelon Corporation’s (EXC - Free Report) fourth-quarter 2024 earnings of 64 cents per share surpassed the Zacks Consensus Estimate of 59 cents by 8.5%.
EXC’s long-term earnings growth rate is 5.71%. The Zacks Consensus Estimate for 2025 sales is pinned at $23.8 billion, implying a year-over-year increase of 3.4%.