Alliant Energy Corp Stock Price, News & Analysis

Alliant Energy Corporation (NASDAQ: LNT) has scheduled its third quarter 2022 earnings release for November 7, 2022, after market close. A conference call to discuss the results will take place on November 8, 2022, at 9 a.m. CT. Investors can join the call by dialing (800) 458-4121 for U.S. and Canada or (323) 794-2093 internationally. The conference will be hosted by CEO John Larsen and CFO Robert Durian, and it will be webcast live. A replay will be available until November 15, 2022. Alliant serves 985,000 electric and 425,000 natural gas customers in Iowa and Wisconsin.

Alliant Energy plans to enhance energy storage capacity in Wisconsin by adding 175 megawatts (MW) of battery storage. This initiative, filed on Sept. 30, 2022, with the Public Service Commission of Wisconsin, includes projects in Grant and Wood counties, complementing existing solar arrays. The Grant County project aims to provide energy for over 100,000 homes for four hours, while the Wood County project targets over 80,000 homes. Pending approvals, construction is expected to start in 2023 and be operational by Fall 2025.

Wisconsin Power and Light Company (WPL), a subsidiary of Alliant Energy (LNT), has priced a public offering of $600 million in 3.950% debentures due on September 1, 2032. Proceeds from the offering will be allocated for developing and acquiring solar electric generating units. The offering, expected to close on August 15, 2022, is managed by a group of underwriters including Goldman Sachs and J.P. Morgan. This press release also highlights that it does not constitute an offer to sell securities in unauthorized jurisdictions.

Alliant Energy Corporation (NASDAQ: LNT) reported second quarter 2022 GAAP earnings of $0.63 per share, up from $0.57 in 2021. The utility segment generated $0.61 per share, driven by higher allowance for funds used during construction, improved sales, and effective cost management, which offset increased interest expenses. The company remains on track to meet its earnings guidance for 2022, projected between $2.67 and $2.81 per share. The first Wisconsin solar project is expected to commence soon, reinforcing its Clean Energy Blueprint.

Alliant Energy released its 2022 Corporate Responsibility Report, detailing its commitment to Environmental, Social and Governance (ESG) principles. The report includes a Climate Report showcasing goals for carbon dioxide reduction and a target for net-zero emissions by 2050. Key initiatives include planting one million trees by 2030, with over 120,000 trees planted in the first year. The report highlights Alliant Energy's dedication to community support, diversity, and sustainability, reinforcing its focus on cleaner energy and social responsibility.

Alliant Energy Corporation (LNT) has announced its second quarter 2022 earnings release set for August 4, 2022, after market close. A conference call to discuss the results will follow on August 5 at 9 a.m. CT. The event will be accessible via a live webcast on the company’s investor relations website. Alliant Energy operates across Iowa and Wisconsin, providing services to approximately 985,000 electric and 425,000 natural gas customers. The company emphasizes its commitment to delivering safe and efficient energy solutions.

Alliant Energy Corporation (NASDAQ: LNT) announced a quarterly cash dividend of $0.4275 per share, scheduled for payment on August 15, 2022. Shareholders of record as of July 29, 2022, will receive this dividend. This marks the company's commitment to returning value to shareholders, having paid dividends consistently for 307 consecutive quarters since 1946. Alliant Energy serves approximately 985,000 electric and 425,000 natural gas customers in Iowa and Wisconsin, focusing on sustainable and efficient energy solutions.

Alliant Energy is enhancing its energy mix by breaking ground on six solar projects, contributing to a total of 12 projects with nearly 1,100 megawatts of solar capacity in Wisconsin. The company plans to retire its coal generation by mid-2026 while aiming for a 50% reduction in carbon dioxide emissions by 2030, based on 2005 levels. Unforeseen supply chain challenges and MISO's forecast of potential energy shortages in summer 2023 have led to adjusted coal facility retirement dates to ensure reliability.

Alliant Energy Corporation (NASDAQ: LNT) reported a first quarter 2022 GAAP earnings per share (EPS) of $0.77, up from $0.68 in 2021. The results reaffirm the company's earnings guidance for the year, maintaining a range of $2.67 to $2.81. Key drivers for the increased EPS include higher allowance for funds used during construction and increased revenue from Wisconsin Power and Light's growing rate base. Additionally, the company received verbal approval for 414 megawatts of solar generation expansion in Wisconsin, marking a significant step in its clean energy transition.