ALLIANT ENERGY CORP LNT
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.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 3.15 | 2.69 | 2.78 | 2.73 | 2.63 | 2.47 | 2.34 | 2.19 | 1.99 | — |
| EPS, diluted | 3.14 | 2.69 | 2.78 | 2.73 | 2.63 | 2.47 | 2.33 | 2.19 | 1.99 | 1.64 |
| 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 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| 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 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| 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.
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