NASDAQ$LNT

Alliant Energy Corp · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Alliant Energy's Q3 2022 earnings were announced, with GAAP EPS of $0.90 and non-GAAP EPS of $0.93.

Alliant Energy reported solid financial results for Q3 2022, driven by its purpose-driven strategy and renewable energy execution. The company raised and narrowed its 2022 earnings guidance and announced its 2023 earnings range and common stock dividend target.

  • 2022 earnings guidance increased and narrowed to a range of $2.76 - $2.83 per share.
  • Provided 2023 earnings guidance range of $2.82 - $2.96 and 2023 annual common stock dividend target of $1.81.
  • Increased forecasted 2023 - 2026 capital expenditures to $8.5 billion in aggregate.
  • An additional 100 megawatts of solar generation was placed into service.

Headline financials

Total Revenue

$1.14B

Previous: $1.02B+10.8%
EPS (adj)

$0.93

Previous: $1.02-8.8%
Book value per share

$24.96

Previous: $23.91+4.4%
Quarterly common dividend rate per share

$0.43

Previous: $0.40+6.2%
Capital Expenditures

-$873M

Previous: -$772M-13.1%
Free Cash Flow

-$646M

Previous: -$513M-25.9%
Net Income

$227M

Previous: $259M-12.4%
Operating Income

$309M

Previous: $289M+6.9%
Gross Profit

$978M

Previous: $876M+11.6%
Cash & Equivalents

$344M

Previous: $20M+1620.0%
Total Assets

$20.2B

Previous: $18.3B+10.2%

Revenue & EPS history

Alliant Energy · Revenue · Quarterly

$1.14B

Q3 2022+10.8%vs Q3 2021
Beat estimate in 9 of 15 quarters(60%)
ActualEstimate

Revenue by segment

Alliant Energy · $1.14B total across 4 segments · Q3 2022

  • Electric utility
    $1.04B+10.6%
  • Gas utility
    $62M+24.0%
  • Non-utility
    $23M+4.5%
  • Other utility
    $11M-15.4%

Forward guidance

Alliant Energy is issuing EPS guidance for 2023 of $2.82 - $2.96 and has increased its 2023 expected annual common stock dividend target to $1.81 per share.

Tailwinds

  • Ability of 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 elevated interest rates on financing plans
  • The 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

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 Q3 2022

Historical avgQ3 2022

+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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