Welcome to our dedicated page for Alliant Energy Corporation news (Ticker: LNT), a resource for investors and traders seeking the latest updates and insights on Alliant Energy Corporation stock.
Alliant Energy Corporation (LNT) is a utility holding company that provides regulated electricity and natural gas services. The company operates through three main segments: Utility Electric Operations, Utility Gas Operations, and Utility Other. As the parent company of Interstate Power and Light and Wisconsin Power and Light, Alliant Energy serves nearly 1 million electric customers and 425,000 natural gas-only customers.
Utility Electric Operations involves the generation and distribution of electricity to homes and businesses. Their diverse energy mix includes coal, natural gas, and renewable energy sources such as wind and solar. The Utility Gas Operations segment focuses on the distribution and transportation of natural gas, ensuring reliable delivery to customers.
Alliant Energy is committed to sustainability and reducing its carbon footprint. The company has made significant strides in renewable energy projects and aims to transition towards cleaner energy solutions. Recent achievements include expanding their wind and solar energy capabilities and modernizing their electric grid to enhance efficiency and reliability.
Financially, Alliant Energy maintains a strong position with steady revenue growth and a robust balance sheet. They have a 16% interest in American Transmission Co., which plays a crucial role in the energy transmission infrastructure.
Partnerships with other energy companies and technological advancements are key to Alliant Energy's strategy. They continue to invest in smart grid technology and infrastructure improvements to meet the growing energy demands and ensure customer satisfaction.
With continuous projects aimed at enhancing their energy services, Alliant Energy remains a significant player in the utilities sector, committed to providing reliable and sustainable energy solutions to its customers.
Interstate Power and Light Company (IPL), a subsidiary of Alliant Energy (NASDAQ: LNT), has announced the pricing of its public debt offering. The offering consists of $350 million in 4.950% senior debentures due 2034 and $300 million in 5.450% senior debentures due 2054. IPL plans to use the proceeds to retire its $500 million 3.25% senior debentures maturing on December 1, 2024, and for general corporate purposes. The offering is expected to close on September 6, 2024, subject to customary conditions. The underwriting group includes Barclays Capital, Goldman Sachs, J.P. Morgan Securities, and MUFG Securities Americas as joint book-running managers, along with several co-managers.
Alliant Energy (NASDAQ: LNT) reported Q2 2024 results, with GAAP EPS of $0.34, down from $0.64 in Q2 2023. Non-GAAP EPS was $0.57, compared to $0.64 last year. The company reaffirmed its full-year 2024 earnings guidance of $2.99 - $3.13 per share.
Key factors impacting Q2 results included:
- Asset impairment charge for IPL's Lansing Generating Station
- Asset retirement obligation charge due to revised EPA rules
- Higher financing and depreciation expenses
- Estimated temperature impacts on sales
- Timing of income taxes
These were partially offset by higher revenue requirements from capital investments at WPL. The company remains confident about long-term growth prospects, citing regulatory progress and data center opportunities.
Alliant Energy (NASDAQ: LNT) has been named one of America's Best Mid-Size Companies 2024 by TIME magazine. This inaugural list, created in partnership with Statista Inc., recognizes companies based on employee satisfaction, revenue growth, and sustainability transparency. The selection considered U.S. companies with annual revenues between $100 million and $10 billion.
Raja Sundararajan, executive VP of strategy and customer solutions at Alliant Energy, expressed pride in the company's commitment to a cleaner, more reliable, and cost-effective energy future. This recognition reinforces Alliant Energy's customer-centric vision and its dedication to building stronger communities.
Alliant Energy (NASDAQ: LNT) has announced a quarterly cash dividend of $0.48 per share. This dividend will be payable on August 15, 2024, to shareholders of record as of July 31, 2024.
Alliant Energy has a strong history of dividend payments, maintaining a consecutive streak for 315 quarters since 1946. The company is part of the S&P 500 Dividend Aristocrats Index, recognized for its consistent dividend payouts.
The company provides regulated energy services to about 1 million electric and 425,000 natural gas customers in Iowa and Wisconsin. Alliant Energy's subsidiaries include Interstate Power and Light Company and Wisconsin Power and Light Company.
Alliant Energy is also a component of Bloomberg’s Gender-Equality Index and the S&P 500, reflecting its commitment to responsible and inclusive practices.
Alliant Energy (NASDAQ: LNT) will release its second quarter 2024 earnings on August 1st, post-market close. The company will host a conference call to discuss the results on August 2nd at 9 a.m. CT, which will be webcast live at their investor relations site. Key executives, including Executive Chairman John Larsen, CEO Lisa Barton, and CFO Robert Durian, will lead the call. The call is accessible via phone for both North American and international participants. An archived webcast will be available afterward. Alliant Energy, serving 1 million electric and 425,000 natural gas customers in Iowa and Wisconsin, aims to deliver reliable and responsible energy solutions. It is a part of the Bloomberg Gender-Equality Index and the S&P 500.
Alliant Energy Finance, a subsidiary of Alliant Energy (NASDAQ: LNT), has announced the pricing of a $375 million senior unsecured notes offering with a 5.400% interest rate, maturing on June 6, 2027. The offering is expected to close on June 6, 2024, pending customary conditions. The proceeds will be used to reduce commercial paper and for general corporate purposes. The notes will be guaranteed by Alliant Energy and sold to qualified institutional buyers under Rule 144A and non-U.S. persons under Regulation S, without registration under the Securities Act.
Alliant Energy has completed the 200-MW Grant County Solar Project in Potosi, Wisconsin, marking the culmination of its 12 utility-scale solar projects totaling 1,089 MW in the state. The project will generate electricity for over 50,000 homes annually and contribute to powering nearly 300,000 homes with zero-fuel-cost solar energy. This initiative has created over 2,700 jobs and is expected to generate $30 million in new shared revenue for the local community. Additionally, the project includes 350 acres of native pollinator habitat. Alliant Energy plans to develop 275 MW of energy storage to complement its renewable energy efforts and aims for net-zero greenhouse gas emissions by 2050.
Alliant Energy (NASDAQ: LNT) reported first quarter 2024 GAAP earnings per share of $0.62, down from $0.65 in 2023. The company reaffirmed its 2024 earnings guidance range of $2.99 - $3.13 per share. Alliant Energy remains focused on growth and diversifying its energy mix, with the completion of a significant solar project in Wisconsin. The company's utilities and corporate services segment saw lower EPS due to warmer temperatures and higher expenses, partially offset by increased revenue from capital investments. Alliant Energy is committed to long-term growth and strategic priorities.
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