NASDAQ$LNT

Alliant Energy Corp · Q1 2023 earnings

Q1 2023 earnings · · Investor relations

Briefing

Alliant Energy announced first quarter 2023 results, reaffirming 2023 earnings guidance range and reporting GAAP earnings per share of $0.65.

Alliant Energy had a solid start to the year, with results in line with expectations, allowing the company to reaffirm its 2023 earnings guidance. The company is on track to place 840 MW of utility scale solar in service by the first half of 2024.

  • Reaffirmed 2023 earnings guidance range of $2.82 - $2.96.
  • First quarter 2023 GAAP earnings per share were $0.65.
  • Utilities and Corporate Services generated $0.65 per share of GAAP EPS.
  • Non-utility and Parent operations generated $(0.04) per share of GAAP EPS.

Headline financials

Total Revenue

$1.08B

Previous: $1.07B+0.8%
EPS (adj)

$0.65

Previous: $0.77-15.6%
Book value per share

$25.17

Previous: $24.23+3.9%
Quarterly common dividend rate per share

$0.45

Previous: $0.43+5.8%
Total electric sales (000s MWh)

8.2M

No prior period
Total gas sold and transported (000s dekatherms)

54.9M

No prior period
Capital Expenditures

-$417M

Previous: -$307M-35.8%
Free Cash Flow

-$254M

Previous: -$115M-120.9%
Net Income

$163M

Previous: $192M-15.1%
Operating Income

$222M

Previous: $248M-10.5%
Gross Profit

$931M

Previous: $930M+0.1%
Cash & Equivalents

$157M

Previous: $67M+134.3%
Total Assets

$20.2B

Previous: $18.8B+7.4%

Revenue & EPS history

Alliant Energy · Revenue · Quarterly

$1.08B

Q1 2023+0.8%vs Q1 2022
Beat estimate in 9 of 15 quarters(60%)
ActualEstimate

Revenue by segment

Alliant Energy · $1.08B total across 4 segments · Q1 2023

  • Electric utility
    $768M-0.6%
  • Gas utility
    $276M+5.3%
  • Non-utility
    $22M+0.0%
  • Other utility
    $11M+0.0%

Forward guidance

Alliant Energy is reaffirming its EPS guidance for 2023 of $2.82 - $2.96.

Tailwinds

  • Ability of Interstate Power and Light Company (IPL) and WPL to earn their authorized rates of return
  • Stable economy and resulting implications on utility sales
  • Normal temperatures in its utility service territories
  • 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 including corporate tax reform in Iowa, regulations or regulatory policies
  • Changes in credit loss liabilities related to guarantees

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 2023

Historical avgQ1 2023

+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%

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