ALLIANT ENERGY CORP LNT

Utilities SIC 4931 - Electric & Other Services Combined Nasdaq

Alliant Energy maintains its principal executive offices in Madison, Wisconsin. Alliant Energy operates as a regulated investor-owned public utility holding company, and its purpose-driven strategy is to serve its customers and build stronger communities. Alliant Energy's primary focus is to provide regulated electric and natural gas service to approximately 1,010,000 electric and approximately 435,000 natural gas customers in the Midwest through its two public utility subsidiaries, IPL and WPL. The primary first tier wholly-owned subsidiaries of Alliant Energy are as follows:

1) IPL - is a public utility engaged principally in the generation and distribution of electricity and the distribution and transportation of natural gas to retail customers in select markets in Iowa. IPL provides utility services to incorporated communities as directed by the IUC and utilizes non-exclusive franchises, which cover the use of public right-of-ways for utility facilities in incorporated communities for a maximum term of 25 years. At December 31, 2025, IPL supplied electric and natural gas service to approximately 505,000 and 230,000 retail customers, respectively, in Iowa. IPL also sells electricity to wholesale customers in Illinois and Iowa and was engaged in the generation and distribution of steam for two customers in Cedar Rapids, Iowa, which were each under contract through 2025 for taking minimum quantities of annual steam usage, with certain conditions. Subsequent to December 31, 2025, IPL exited the steam business.

Last close 67.97 2026-09-04
Market cap $17.56B 2026-03-31 share count
52-week range 63.28 - 78.81

Valuation FY2025 figures against the last close

P/S4.0x
P/E21.6x
P/FCF15.0x
EV/EBITDA15.5x
Dividend yield3.0%
Diluted EPS3.14

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $4.36B$3.98B$4.03B$4.21B$3.67B$3.42B$3.65B$3.53B$3.38B$3.32B
Cost of revenue $625.0M$613.0M$583.0M$573.0M$537.0M$449.0M$481.0M$496.0M$480.9M
Gross profit $3.74B$3.37B$3.44B$3.63B$3.13B$2.97B$3.17B$3.04B$2.90B
Total operating expenses $3.34B$3.10B$3.08B$3.28B$2.87B$2.68B$2.87B$2.84B$2.71B$2.77B
Operating income $1.02B$886.0M$943.0M$928.0M$795.0M$740.0M$778.0M$694.0M$671.2M$554.1M
Interest expense $512.0M$449.0M$394.0M$325.0M$277.0M$275.0M$273.0M$247.0M$215.6M$196.2M
Pre-tax income $661.0M$576.0M$707.0M$708.0M$600.0M$567.0M$636.0M$570.0M$532.8M$443.4M
Income tax $149.0M$114.0M$4.0M$22.0M$74.0M$57.0M$69.0M$48.0M$66.7M$59.4M
Net income $810.0M$690.0M$703.0M$686.0M$674.0M$624.0M$567.0M$522.0M$467.5M$381.7M
EPS, basic 3.152.692.782.732.632.472.342.191.99
EPS, diluted 3.142.692.782.732.632.472.332.191.991.64
Shares, diluted (wtd. avg.) $257.8M$256.8M$253.3M$251.2M$250.7M$248.7M$239.0M$233.6M$229.7M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $556.0M$81.0M$62.0M$20.0M$39.0M$54.0M$16.0M$20.9M$27.9M$8.2M
Receivables $476.0M$427.0M$475.0M$516.0M$440.0M$412.0M$402.0M$350.4M$482.8M$493.3M
Total current assets $1.70B$1.18B$1.27B$1.25B$1.07B$887.0M$876.0M$785.1M$905.1M$877.1M
Property, plant and equipment $20.34B$18.70B$17.16B$16.25B$14.99B$14.34B$13.53B$12.46B$11.23B$10.28B
Total assets $24.99B$22.71B$21.24B$20.16B$18.55B$17.71B$16.70B$15.43B$14.19B$13.37B
Accounts payable $498.0M$532.0M$611.0M$756.0M$436.0M$377.0M$422.0M$543.3M$477.3M$445.3M
Short-term debt $1.07B$1.17B$809.0M$408.0M$633.0M$8.0M$657.0M$256.5M$855.7M$4.6M
Total current liabilities $2.12B$2.71B$2.30B$2.36B$2.05B$1.30B$2.05B$1.64B$2.15B$1.16B
Long-term debt $10.95B$8.68B$8.22B$7.67B$6.74B$6.77B$5.53B$5.25B$4.01B$4.32B
Retained earnings $4.24B$3.95B$3.76B$3.51B$3.25B$2.99B$2.77B$2.55B$2.35B$2.18B
Total equity $7.33B$7.00B$6.78B$6.28B$5.99B$5.89B$5.41B$4.79B$4.38B$4.06B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $1.17B$1.17B$867.0M$486.0M$582.0M$501.0M$660.0M$528.0M$521.6M$392.8M
Depreciation and amortisation $846.0M$772.0M$676.0M$671.0M$657.0M$615.0M$567.0M$507.0M$461.8M
Capital expenditure $1.48B$1.17B$1.37B$1.64B$1.63B$1.47B$1.20B
Investing cash flow -$1.90B-$1.55B-$1.40B-$933.0M-$728.0M-$951.0M-$1.29B-$1.07B-$1.03B-$720.2M
Financing cash flow $1.20B$398.0M$573.0M$431.0M$130.0M$488.0M$619.0M$531.0M$532.6M$329.3M
Dividends paid $521.0M$492.0M$456.0M$428.0M$403.0M$377.0M$337.0M$312.0M$288.3M$266.5M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0000352541-26-000007.

Others in SIC 4931

TickerCompanyMarket capP/ERevenue growth
DUK Duke Energy CORP $93.72B 19.1x 5.6%
XEL XCEL ENERGY INC $47.30B 22.1x
EXC EXELON CORP $44.65B 5.3%
ED CONSOLIDATED EDISON INC $39.54B 19.0x 10.2%
PCG PG&E Corp $38.33B 12.1x 2.1%
PEG PUBLIC SERVICE ENTERPRISE GROUP INC $36.73B 17.5x 22.8%
WEC WEC ENERGY GROUP, INC. $34.52B 22.0x 14.0%
AEE AMEREN CORP $29.48B 19.9x 15.4%