NASDAQ$LNT

Alliant Energy Corp · Q1 2020 earnings

Q1 2020 earnings · · Investor relations

Briefing

Alliant Energy's first quarter earnings increased due to higher revenue requirements, partially offset by lower electric and gas sales volumes and higher depreciation expense.

Alliant Energy reported GAAP EPS of $0.70 and non-GAAP EPS of $0.72 for the first quarter of 2020. The company reaffirmed its 2020 earnings guidance of $2.34 to $2.48 per share.

  • GAAP EPS was $0.70, while non-GAAP EPS was $0.72.
  • Utilities and Corporate Services generated $0.72 per share of GAAP EPS, $0.20 higher than Q1 2019.
  • Non-utility and Parent operations generated ($0.05) per share of GAAP EPS, a ($0.03) per share decrease compared to Q1 2019.
  • 2020 earnings guidance of $2.34 to $2.48 per share remains unchanged.

Headline financials

Total Revenue

$916M

Previous: $987M-7.2%
EPS (adj)

$0.72

Previous: $0.53+35.8%
Book value per share

$22.05

No prior period
Quarterly common dividend rate per share

$0.38

No prior period
Capital Expenditures

-$278M

No prior period
Free Cash Flow

-$105M

Previous: $128M-182.5%
Net Income

$173M

Previous: $128M+35.2%
Operating Income

$188M

Previous: $177M+6.5%
Gross Profit

$794M

No prior period
Cash & Equivalents

$55.2M

Previous: $10.1M+446.5%
Total Assets

$16.9B

Previous: $15.7B+7.4%

Revenue & EPS history

Alliant Energy · Revenue · Quarterly

$916M

Q1 2020-7.2%vs Q1 2019
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Revenue by segment

Alliant Energy · $916M total across 4 segments · Q1 2020

  • Electric utility
    $730M
  • Gas utility
    $152M
  • Non-utility
    $21.6M
  • Other utility
    $11.6M

Forward guidance

Alliant Energy reaffirmed its consolidated EPS guidance of $2.34 to $2.48 for 2020.

Tailwinds

  • Ability of IPL and WPL to earn their authorized rates of return
  • Normal temperatures in its utility service territories
  • COVID-19 commercial and industrial sales decline offset by higher residential sales through June, with gradual sales improvement through end of year
  • Execution of cost controls
  • Execution of capital expenditure and financing plans

Headwinds

  • Impacts of any material non-cash valuation adjustments
  • Regulatory-related charges or credits
  • Reorganizations or restructurings
  • Future changes in laws, regulations or regulatory policies
  • Adjustments made to deferred tax assets and liabilities from valuation allowances

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2020

Historical avgQ1 2020

+0.5%

Avg return

Earnings day

+0.4%

Avg return

5 days after

+1.0%

Avg return

30 days after

65%

44 / 68 earnings

Positive

+3.9%

Q1 2020

Best reaction

-5.2%

Q3 2015

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-0.5%-1.5%-2.5%
Q4 2025+2.1%+1.8%-1.9%
Q3 2025+0.9%+2.1%-1.9%
Q1 2025+1.1%-1.0%-1.0%
Q4 2024+1.9%+3.8%+2.3%
Q3 2024-2.6%-2.0%+6.6%
Q2 2024+2.6%+0.1%+4.7%
Q1 2024+1.0%+1.5%+2.2%
Q4 2023+1.5%+1.3%+1.6%
Q3 2023+3.2%+1.0%+4.0%
Q2 2023-3.7%-3.3%-6.6%
Q1 2023+1.2%-0.1%-4.5%
Q4 2022-1.0%-3.7%-2.7%
Q3 2022+0.5%+2.3%+3.4%
Q2 2022+0.0%+0.9%+0.4%
Q1 2022-3.3%-5.0%+4.9%
Q4 2021+1.4%+0.7%+7.1%
Q3 2021-0.0%-1.8%+0.9%
Q2 2021+1.5%+1.0%+2.6%
Q1 2021+2.0%+2.4%+4.5%
Q4 2020-1.2%+0.0%+7.3%
Q3 2020+2.1%-1.3%-2.6%
Q2 2020+3.5%+1.5%+0.8%
Q1 2020+3.9%+0.5%+9.7%
Q4 2019-0.6%-2.5%-31.6%
Q3 2019-0.4%-0.2%+2.7%
Q2 2019+1.2%+1.8%+5.9%
Q1 2019+0.9%+0.2%+1.5%
Q4 2018+1.1%+0.6%+5.3%
Q3 2018+2.0%+3.9%+6.4%
Q2 2018+0.9%+0.5%+1.1%
Q1 2018+1.0%+0.3%-5.1%
Q4 2017+2.1%+0.5%+2.1%
Q3 2017+1.8%+2.6%+4.1%
Q2 2017+0.3%+1.5%+4.0%
Q1 2017+1.1%+0.9%+6.1%
Q4 2016+2.3%+2.1%+3.8%
Q3 2016-0.4%+4.1%-2.7%
Q2 2016+0.4%-2.1%-5.7%
Q1 2016+1.7%
Q4 2015+2.4%
Q3 2015-5.2%
Q2 2015-0.3%
Q1 2015-1.2%
Q4 2014+1.4%
Q3 2014-0.5%
Q2 2014-1.4%
Q1 2014-1.3%
Q4 2013+0.5%
Q3 2013+0.9%
Q2 2013-0.9%
Q1 2013-0.8%
Q4 2012+1.0%
Q3 2012+1.9%
Q2 2012+0.5%
Q1 2012-2.7%
Q4 2011-1.1%
Q2 2011-1.1%
Q3 2011+1.1%
Q1 2010+2.1%
Q1 2011-0.5%
Q4 2008+1.5%
Q4 2010+1.5%
Q3 2009-0.7%
Q3 2010-0.7%
Q2 2010+0.5%
Q4 2009+0.5%
Q2 2009+0.5%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro