Alliant Energy Corp Stock Price, News & Analysis

Alliant Energy Corporation (NASDAQ: LNT) has announced its first quarter 2023 earnings release scheduled for May 4th, after market close. A subsequent conference call will take place on May 5th at 9 a.m. CT, hosted by CEO John Larsen and CFO Robert Durian, where they will discuss the earnings results. Investors can participate by dialing the provided toll-free numbers or join via live webcast at www.alliantenergy.com/investors. The company serves 995,000 electric and 425,000 natural gas customers in Iowa and Wisconsin, emphasizing its commitment to delivering safe and efficient energy solutions.

Alliant Energy Corporation (NASDAQ: LNT) has declared a quarterly cash dividend of $0.4525 per share. This dividend is payable on May 15, 2023, to shareholders of record as of the close of business on April 28, 2023. Alliant Energy has consistently paid dividends on its common stock for 310 consecutive quarters since 1946, demonstrating a long history of return to shareholders. The company provides regulated energy services to nearly 1.4 million customers in Iowa and Wisconsin and is committed to delivering safe, efficient, and responsible energy solutions.

Alliant Energy Corporation (NASDAQ: LNT) announced a public offering of $300 million in 4.950% debentures due on April 1, 2033. The net proceeds will fund solar electric generating units. The offering is expected to close on March 30, 2023, pending customary conditions. This offering will be executed through underwriters including MUFG Securities, KeyBanc Capital Markets, TD Securities, and Wells Fargo Securities. Copies of the associated prospectus can be obtained from the underwriters or accessed via the Securities and Exchange Commission website.

Alliant Energy (NASDAQ: LNT) announced significant community contributions totaling $12.1 million and over 70,000 volunteer hours in 2022. The funding supports local nonprofits in Iowa and Wisconsin, focusing on community safety, environmental stewardship, workforce readiness, and addressing hunger and housing issues. Initiatives include providing Child ID Kits for 975,000 school-aged children, planting nearly 124,000 trees as part of a goal to plant one million by 2030, and distributing $500,000 for hunger relief through food banks.

Alliant Energy Corporation (NASDAQ: LNT) has priced its offering of $500 million in 3.875% convertible senior notes due 2026. The offering includes an option for initial purchasers to acquire an additional $75 million. The expected closing date is March 2, 2023. After costs, the net proceeds are anticipated to be approximately $490.9 million, which may be used for general corporate purposes, such as debt repayment and capital expenditures. The notes will be convertible under specific conditions and mature on March 15, 2026, paying interest semiannually. This offering is made under Rule 144A and has not been registered under the Securities Act.

Alliant Energy Corporation (NASDAQ: LNT) announced its intention to offer $500 million of convertible senior notes due 2026 in a private placement. An additional $75 million may also be purchased by initial purchasers. Proceeds will be used for general corporate purposes, including debt repayment and capital expenditures. The notes are unsecured and convertible under specific conditions. The offering will be available to qualified institutional buyers and is not registered under the Securities Act, meaning resale will be restricted. Forward-looking statements highlight potential risks including market conditions and closing conditions.

Alliant Energy Corporation (NASDAQ: LNT) reported a GAAP earnings per share (EPS) of $2.73 for 2022, up from $2.63 in 2021, reflecting a 6% growth. The company's adjusted EPS for the same period was $2.80, indicating consistent performance. The Utilities and Corporate Services segment contributed $2.74 to GAAP EPS, driven by revenue requirements and capital investments. However, the Non-utility and Parent operations saw a loss of $(0.13) per share due to increased financing expenses. Alliant Energy affirmed its 2023 EPS guidance at $2.82 - $2.96, emphasizing its commitment to clean energy initiatives.