Alliant Energy's Q1 Earnings Beat Estimates, Customer Base Expands

Alliant Energy Corporation LNT reported first-quarter 2025 operating earnings of 83 cents per share, which beat the Zacks Consensus Estimate of 57 cents by 45.6%. The bottom line also rose 33.9% from the year-ago quarter’s figure of 62 cents.(See the Zacks Earnings Calendar to stay ahead of market-making news.)

LNT’s Revenues

Revenues totaled $1.128 billion, which surpassed the Zacks Consensus Estimate of $1.126 billion by 0.17%. The top line increased 9.4% from the year-ago quarter’s figure of $1.031 billion.

Alliant Energy Corporation Price, Consensus and EPS Surprise

Alliant Energy Corporation price-consensus-eps-surprise-chart | Alliant Energy Corporation Quote

LNT’s Operational Highlights

Total operating expenses were $871 million, up 7.7% from $809 million in the year-ago period. This was due to higher electric production fuel and purchased power costs, and an increase in cost of goods sold.

Operating income totaled $257 million, up 15.8% from the year-ago reported figure.

Interest expenses amounted to $119 million, which rose 11.2% from the prior-year period.

The company’s retail electric and retail gas customers increased 0.7% and 0.6%, respectively, year over year.

LNT reported total utility electric sales of 8,257 thousand megawatt-hours, down 1.1% from the year-ago quarter’s reported figure.

Total utility gas sold and transported was 54,828 thousand dekatherms, up 1.5% year over year.

LNT’s Financial Update

As of March 31, 2025, cash and cash equivalents amounted to $25 million compared with $81 million as of Dec. 31, 2024.

As of the aforementioned date, long-term debt (excluding the current portion) totaled $8.58 billion, down from $8.68 billion as of Dec. 31, 2024.

Cash flow from operating activities in first-quarter 2025 totaled $249 million compared with $307 million in first-quarter 2024.

LNT’s Guidance

Alliant Energy anticipates its 2025 earnings to be in the range of $3.15-$3.25 per share. The projection considers the average temperature in its service territories, execution of cost controls and financing plans, and the consolidated effective tax rate of (28%). The Zacks Consensus Estimate for earnings is pegged at $3.22 per share, which is higher than the midpoint of the company’s guided range.

Alliant Energy plans to invest $11.5 billion from 2025 to 2028 to strengthen its infrastructure.

LNT’s Zacks Rank

Alliant Energy currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Recent Utility Releases

Exelon Corporation’s EXC first-quarter 2025 earnings of 92 cents per share surpassed the Zacks Consensus Estimate of 85 cents by 8.3%.

EXC’s long-term (three to five years) earnings growth rate is 6.42%. The Zacks Consensus Estimate for 2025 sales is pinned at $24.01 billion, which indicates year-over-year growth of 4.3%.

Pinnacle West Capital Corporation's PNW first-quarter 2025 loss of 4 cents per share, in contrast to the Zacks Consensus Estimate for earnings of 5 cents by 180%.

PNW’s long-term earnings growth rate is 2.12%. The Zacks Consensus Estimate for 2025 earnings is pinned at $4.51 per share, which implies a year-over-year decline of 13.9%.

IDACORP IDA reported first-quarter 2025 earnings of $1.10 per share, which surpassed the Zacks Consensus Estimate of $1.03 by 6.8%.

IDA’s long-term earnings growth rate is 8.47%. The Zacks Consensus Estimate for 2025 earnings is pinned at $5.81 per share, which implies a year-over-year improvement of 5.6%.

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This article originally published on Zacks Investment Research (zacks.com).

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