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Alliant Energy

NASDAQ: LNT

Stock price

68.34 USD

(+0%) TODAY

Electric UtilitiesRegulated Electric

Financial Performance

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5Y price score: 18

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The price score is a basic measure of the stock's performance against the S&P 500 Index over a five-year period.

A score of 100 indicates that the stock did as well as the S&P 500 Index.

A score below 100 means the stock underperformed the index, while a score above 100 means it outperformed the S&P 500.

10Y return: 116.5%

DATE RANGE:

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    63.2

    52-week range

    78.8

    68.34

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    FCFF terminal growth rate
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    Your fair value & Margin of safety

    To calculate fair value based on cost of capital and terminal growth assumptions above, please select free cash flow forecast.

    Forecast:

    Valuation

    Free Cash Flow Yield

    Help
    FCF Yield TTM = Trailing Twelve Months free cash flow per share / current market price per shareLearn more

    (1.5) %

    Dividend Yield TTM

    3.1 %

    Market cap $

    $ 17,651

    Price / Earnings TTM

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    P/E TTM = current market price per share / Trailing Twelve Months diluted earnings per shareLearn more

    21.6

    Price / Book TTM

    2.3

    PEG TTM

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    Price/Earnings-to-Growth ratio = P/E TTM divided by most recent annual diluted earnings per share growth rateLearn more

    (4.9)

    Earnings growth and return

    LTM

    5YR

    10YR

    Total return (price & dividends)

    6.3 %

    27.8 %

    116.5 %

    Free cash flow per share growth

    316.6 %

    (46.5) %

    (604.4) %

    Earnings per share growth

    (4.4) %

    27.1 %

    86.9 %

    Founded: 1,917

    Employees: 2,998

    Business Summary:Alliant Energy Corporation functions as a utility holding company, specializing in the provision of regulated electricity and natural gas services. Its operational structure is divided into three principal segments: Utility Electric Operations, Utility Gas Operations, and Utility Other. Through its primary subsidiary, Interstate Power and Light Company (IPL), the corporation generates and distributes electricity, and manages the distribution and transportation of natural gas to retail customers throughout Iowa. IPL also markets electricity to wholesale buyers across Minnesota, Illinois, and Iowa, and generates and supplies steam in Cedar Rapids, Iowa. Similarly, its other subsidiary, Wisconsin Power and Light Company (WPL), is responsible for electricity generation and distribution, alongside natural gas distribution and transport, for retail clients within Wisconsin. WPL additionally sells wholesale electricity in Wisconsin. As of December 31, 2021, IPL catered to approximately 500,000 retail electric customers and 225,000 natural gas customers, while WPL provided services to about 485,000 retail electric accounts and 200,000 natural gas accounts. The company's diverse retail customer base includes businesses in farming, agriculture, industrial manufacturing, chemical production, packaging, and food processing. In addition to its core utility functions, Alliant Energy owns and operates a short-line rail freight service, a multi-modal freight terminal (encompassing barge, rail, and truck operations) on the Mississippi River, and a rail-served warehouse, all located in Iowa. It further provides freight brokerage services. The company also maintains interests in a 347-megawatt (MW) natural gas-fueled electric generating unit situated near Sheboygan Falls, Wisconsin, and a 225 MW wind farm located in Oklahoma. Alliant Energy Corporation was established in 1981 and maintains its headquarters in Madison, Wisconsin.

    Fair Value Reference Estimate

    Latest Earnings Call Takeaways

    2026 Q2 (Jul 31, 2026)

    1) Strategy & Leadership
    - Alliant Energy continues to execute its growth strategy, aiming for a 60% increase in demand by 2031 through agreements with large load customers.
    - Key projects include data centers for Google, QTS, and Meta, which are under construction and expected to contribute significantly to load growth.
    - The company emphasizes collaboration with local communities to ensure they benefit from economic growth driven by these large customers.
    - Alliant Energy ranked #1 in power reliability and safety in a recent J.D. Power study among Midwest utilities.

    2) Financial & Segment Results
    - Q2 2026 GAAP earnings were reported at $0.65 per share, driven by higher revenue from capital investments and increased equity earnings.
    - Electric sales increased by approximately 3% YoY, despite milder temperatures impacting margins negatively by about $0.03 per share.
    - The company reaffirmed its 2026 earnings guidance, trending in the upper half of the range, with a long-term growth outlook of 7%+ CAGR from 2027 to 2029.
    - Ongoing investments and operational efficiencies are expected to support future earnings.

    3) Operational Plans & Challenges
    - Alliant is advancing its resource plan to align with evolving customer needs and regulatory requirements, ensuring base rate stability for existing customers.
    - The company is managing higher operations and maintenance expenses due to business growth and inflationary pressures.
    - Recent regulatory approvals include the expansion of the Bent Tree Wind Farm and the advancement of several generation projects in Iowa.
    - The company is also addressing supply chain challenges proactively to ensure timely project execution.

    4) Guidance & Outlook
    - Alliant plans to update its 4- to 5-year capital expenditure plan in the upcoming Q3 earnings call, which may influence future earnings guidance.
    - The company is focused on maintaining a balanced financing strategy, having raised approximately $1.8 billion of its $2.4 billion equity needs through 2029.
    - Future regulatory filings will support customer growth, including a large load tariff and additional agreements with data centers.
    - The political landscape in Iowa remains stable for data center development, with no significant impact from local moratoriums.

    5) Investor Angle & Missing Information
    - The earnings call did not provide specific figures for the expected load growth from the new data centers beyond 2026, nor detailed projections for the impact of political developments in Wisconsin on future projects.
    - The upcoming Q3 earnings call is anticipated to clarify the capital expenditure plan and provide more specific guidance on long-term growth.

    Bottom line: Alliant Energy is well-positioned for growth, supported by strategic investments in large load customers and a robust regulatory framework. The company’s proactive approach to community engagement and disciplined financial management enhances its long-term value proposition for shareholders.

    Annual Reports, Presentations And IR Contacts

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    Alliant Energy — Financial Overview, Stock Price, Market Cap

    Alliant Energy is a company. Founded in 1917. As of August 26, 2026, the company's market capitalization is $17650650180 with a current stock price of $68.34.