Alliant Energy 2025 Q3 Earnings Misses Estimates Despite Record Net Income

Alliant Energy (LNT) reported Q3 2025 earnings that missed analyst expectations, with EPS at $1.09 vs. $1.18 estimated. Revenue of $1.21 billion fell short of the $1.32 billion forecast. The company narrowed its 2025 guidance to $3.17–$3.23/share and raised 2026 guidance by 6.6% to $3.36–$3.46/share.

Revenue

Driven primarily by utility operations, the company reported $1.19 billion in utility revenue, with electric utility contributing $1.12 billion and gas utility adding $51 million. Additional segments, including other utility and non-utility, contributed $12 million and $23 million respectively, bringing total revenue to $1.21 billion.

Earnings/Net Income

Alliant Energy’s EPS declined 5.2% to $1.09, while net income reached $281 million, a 4.7% drop from $295 million in 2024 Q3. Despite the EPS decline, the company achieved a record $281 million net income, marking the highest Q3 net income in over two decades.

Post-Earnings Price Action Review

Following the earnings release, Alliant Energy’s stock demonstrated mixed performance. Shares edged up 0.84% during the latest trading day, followed by a 0.78% gain in the most recent full trading week. However, the stock dipped 0.78% month-to-date, indicating volatility in investor sentiment despite the company’s strategic initiatives.

CEO Commentary

Lisa Barton emphasized the company’s "solid financial and operational performance," citing growth from data center agreements and regulatory support. Strategic priorities include 175 MW of energy storage, gas plant upgrades, and expanding data center capacity to achieve 50% peak demand growth by 2030. Barton highlighted regulatory approvals and a "win-win" approach balancing affordability and growth.

Guidance

Alliant Energy narrowed 2025 earnings guidance to $3.17–$3.23/share (midpoint $3.20) and set 2026 guidance at $3.36–$3.46/share (6.6% YoY growth). The company raised its 4-year CAPEX plan to $13.4B (12% CAGR) and set a 2026 dividend target of $2.14/share (5.4% increase).

Additional News

Alliant Energy announced a new electric service agreement with Google, expanding its data center capacity. The company also raised its 2026 dividend target by 5.4% and increased its four-year CAPEX plan by 17% to $13.4 billion, signaling long-term growth commitments.