Alliant Energy beats Q1 revenue estimates, reaffirms 2026 ongoing EPS guidance

Alliant Energy

30/04/2026 23:08

Overview

U.S. utility's Q1 revenue rose and beat analyst expectations

Adjusted EPS for Q1 beat consensus at $0.82

Company reaffirmed 2026 ongoing EPS guidance and signed new 370 MW Iowa data center deal

Outlook

Alliant Energy reaffirms 2026 ongoing EPS guidance of $3.36-$3.46 per share

Company expects continued momentum in data center growth to support long-term growth

Result Drivers

RATE BASE INCREASES - Co said higher revenue requirements from increasing rate base at IPL and WPL, including investments in generation and energy storage, drove results

HIGHER EXPENSES - Results were offset by higher financing and depreciation expense related to capital investments, and increased operating and maintenance costs from planned maintenance and new energy resources

WEATHER IMPACT - Retail electric and gas sales decreased due to impacts of temperatures on customer demand

Company press release: ID:nBw2ppN9Ba

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$1.18 bln
$1.06 bln (3 Analysts)
Q1 Adjusted EPS
Beat
$0.82
$0.80 (7 Analysts)
Q1 Operating Income
$249 mln
Q1 Pretax Profit
$163 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy", 5 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the electric utilities peer group is "buy"

Wall Street's median 12-month price target for Alliant Energy Corp is $76.50, about 6.3% above its April 29 closing price of $72.00

The stock recently traded at 21 times the next 12-month earnings vs. a P/E of 19 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)