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Alliant Energy Q3 Earnings Surpass Estimates, Revenues Rise Y/Y
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Key Takeaways
LNT's Q3 earnings rose 39.4% to $1.52 per share, beating estimates by 23.58%, as revenues rose 6.2%.
LNT secured 3.4 GW of data-center demand, supporting an expected 60% rise in peak demand by 2031.
LNT raised its four-year capital plan 19% to $15.9B and issued 2027 EPS guidance of $3.63-$3.73.
Alliant Energy Corporation (LNT - Free Report) reported third-quarter 2026 earnings of $1.52 per share, which surpassed the Zacks Consensus Estimate of $1.23 by 23.58%. The bottom line increased 35.7% from $1.12 in the year-ago quarter.
Higher revenue requirements from capital investments, favorable income tax expense timing and stronger retail electric sales supported earnings growth.
LNT’s Revenues
Revenues totaled $1.29 billion, beating the Zacks Consensus Estimate of $1.21 billion by 6.30%. The top line increased 6.20% year over year.
Electric utility revenues amounted to $1.20 billion, up 6.9% from the year-ago quarter. Gas utility revenues totaled $56 million, reflecting a 9.8% increase. Non-utility revenues were $26 million compared with $23 million in the prior-year period.
Alliant Energy Corporation Price, Consensus and EPS Surprise
Total operating expenses were $896 million, up 4.1% from $861 million in the year-ago period. This was primarily due to higher electric transmission service expenses, increased operating and maintenance costs, and elevated depreciation and amortization expenses. Higher labor costs and planned electric distribution and generation maintenance activities also contributed to the increase.
Operating income totaled $389 million, up 11.5% from the year-ago reported figure of $349 million.
Interest expenses amounted to $145 million, up 13.3% from the prior-year period.
LNT reported total utility gas sold and transported of 33,171 thousand dekatherms, down 12.4% year over year.
The company has secured 3.4 gigawatts of contracted data-center demand, supporting an expected increase of approximately 60% in peak demand by 2031.
Alliant Energy's Financial Position and Cash Flow
As of Sept. 30, 2026, cash and cash equivalents amounted to $26 million compared with $556 million as of Dec. 31, 2025.
Long-term debt, excluding the current portion, totaled $11.09 billion as of Sept. 30, 2026 compared with $10.95 billion as of Dec. 31, 2025.
Cash flow from operating activities during the first nine months of 2026 totaled $909 million, up 1% from $900 million in the year-ago period.
LNT's Earnings Guidance & Capital Investment Plans
Alliant Energy narrowed its 2026 ongoing earnings guidance to $3.41-$3.46 per share from the previous range of $3.36-$3.46. The company initiated 2027 ongoing earnings guidance of $3.63-$3.73 per share. The Zacks Consensus Estimates for 2026 and 2027 earnings are pegged at $3.43 and $3.67 per share, respectively, close to the midpoints of the company's guided ranges.
LNT targets long-term earnings growth of 6-8% or higher and expects annual growth of at least 8% during 2027-2030.
The company established a 2027 annual dividend target of $2.25 per share, reflecting an increase of approximately 5% from the 2026 target.
Alliant Energy increased its four-year capital expenditure plan by 19% to $15.9 billion for 2027-2030 from its previous $13.4 billion plan covering 2026-2029.
Pinnacle West Capital Corporation (PNW - Free Report) is scheduled to release third-quarter 2026 results on Nov. 3, before the market opens. The Zacks Consensus Estimate for earnings is pegged at $3.40 per share, which implies year-over-year growth of 0.29%.
PNW’s long-term (three to five years) earnings growth rate is 5.81%. The Zacks Consensus Estimate for third-quarter 2026 sales is pinned at $1.94 billion, which implies a year-over-year improvement of 6.61%.
Evergy (EVRG - Free Report) is set to report third-quarter 2026 results on Nov. 5, before the market opens. The Zacks Consensus Estimate for earnings is pegged at $2.30 per share, which implies year-over-year growth of 13.30%.
EVRG’s long-term earnings growth rate is 9.07%. The Zacks Consensus Estimate for third-quarter 2026 sales is pinned at $1.90 billion, which implies a year-over-year improvement of 4.71%.
PPL Corporation (PPL - Free Report) is scheduled to report third-quarter 2026 results on Nov. 6, before the market opens. The Zacks Consensus Estimate for earnings is pegged at 53 cents per share, which implies year-over-year growth of 10.42%.
PPL’s long-term earnings growth rate is 5.26%. The Zacks Consensus Estimate for third-quarter 2026 sales is pinned at $2.44 billion, which implies a year-over-year improvement of 8.91%.
View the Zacks #1 Rank List
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Alliant Energy Q3 Earnings Surpass Estimates, Revenues Rise Y/Y
Key Takeaways
Alliant Energy Corporation (LNT - Free Report) reported third-quarter 2026 earnings of $1.52 per share, which surpassed the Zacks Consensus Estimate of $1.23 by 23.58%. The bottom line increased 35.7% from $1.12 in the year-ago quarter.
Higher revenue requirements from capital investments, favorable income tax expense timing and stronger retail electric sales supported earnings growth.
LNT’s Revenues
Revenues totaled $1.29 billion, beating the Zacks Consensus Estimate of $1.21 billion by 6.30%. The top line increased 6.20% year over year.
Electric utility revenues amounted to $1.20 billion, up 6.9% from the year-ago quarter. Gas utility revenues totaled $56 million, reflecting a 9.8% increase. Non-utility revenues were $26 million compared with $23 million in the prior-year period.
Alliant Energy Corporation Price, Consensus and EPS Surprise
Alliant Energy Corporation price-consensus-eps-surprise-chart | Alliant Energy Corporation Quote
LNT's Expenses, Sales Volumes & Data-Center Growth
Total operating expenses were $896 million, up 4.1% from $861 million in the year-ago period. This was primarily due to higher electric transmission service expenses, increased operating and maintenance costs, and elevated depreciation and amortization expenses. Higher labor costs and planned electric distribution and generation maintenance activities also contributed to the increase.
Operating income totaled $389 million, up 11.5% from the year-ago reported figure of $349 million.
Interest expenses amounted to $145 million, up 13.3% from the prior-year period.
LNT reported total utility gas sold and transported of 33,171 thousand dekatherms, down 12.4% year over year.
The company has secured 3.4 gigawatts of contracted data-center demand, supporting an expected increase of approximately 60% in peak demand by 2031.
Alliant Energy's Financial Position and Cash Flow
As of Sept. 30, 2026, cash and cash equivalents amounted to $26 million compared with $556 million as of Dec. 31, 2025.
Long-term debt, excluding the current portion, totaled $11.09 billion as of Sept. 30, 2026 compared with $10.95 billion as of Dec. 31, 2025.
Cash flow from operating activities during the first nine months of 2026 totaled $909 million, up 1% from $900 million in the year-ago period.
LNT's Earnings Guidance & Capital Investment Plans
Alliant Energy narrowed its 2026 ongoing earnings guidance to $3.41-$3.46 per share from the previous range of $3.36-$3.46. The company initiated 2027 ongoing earnings guidance of $3.63-$3.73 per share. The Zacks Consensus Estimates for 2026 and 2027 earnings are pegged at $3.43 and $3.67 per share, respectively, close to the midpoints of the company's guided ranges.
LNT targets long-term earnings growth of 6-8% or higher and expects annual growth of at least 8% during 2027-2030.
The company established a 2027 annual dividend target of $2.25 per share, reflecting an increase of approximately 5% from the 2026 target.
Alliant Energy increased its four-year capital expenditure plan by 19% to $15.9 billion for 2027-2030 from its previous $13.4 billion plan covering 2026-2029.
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.
Upcoming Releases
Pinnacle West Capital Corporation (PNW - Free Report) is scheduled to release third-quarter 2026 results on Nov. 3, before the market opens. The Zacks Consensus Estimate for earnings is pegged at $3.40 per share, which implies year-over-year growth of 0.29%.
PNW’s long-term (three to five years) earnings growth rate is 5.81%. The Zacks Consensus Estimate for third-quarter 2026 sales is pinned at $1.94 billion, which implies a year-over-year improvement of 6.61%.
Evergy (EVRG - Free Report) is set to report third-quarter 2026 results on Nov. 5, before the market opens. The Zacks Consensus Estimate for earnings is pegged at $2.30 per share, which implies year-over-year growth of 13.30%.
EVRG’s long-term earnings growth rate is 9.07%. The Zacks Consensus Estimate for third-quarter 2026 sales is pinned at $1.90 billion, which implies a year-over-year improvement of 4.71%.
PPL Corporation (PPL - Free Report) is scheduled to report third-quarter 2026 results on Nov. 6, before the market opens. The Zacks Consensus Estimate for earnings is pegged at 53 cents per share, which implies year-over-year growth of 10.42%.
PPL’s long-term earnings growth rate is 5.26%. The Zacks Consensus Estimate for third-quarter 2026 sales is pinned at $2.44 billion, which implies a year-over-year improvement of 8.91%.