NASDAQ$LNT

Alliant Energy Corp · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Announced 2022 results, with GAAP earnings per share at $2.73 and adjusted earnings per share at $2.73, representing 6% growth. The company affirmed its 2023 earnings guidance range of $2.82 - $2.96 per share.

Alliant Energy reported a strong financial year in 2022, marked by a 6% growth in adjusted EPS and the 20th consecutive year of dividend growth. The company is set to continue its Clean Energy Blueprint across Iowa and Wisconsin in 2023.

  • GAAP earnings per share were $2.73 in 2022 compared to $2.63 in 2021.
  • Adjusted earnings per share were $2.73 in 2022 compared to $2.58 in 2021, representing 6% growth.
  • Utilities and Corporate Services operations generated $2.74 per share of GAAP EPS in 2022, $0.22 per share higher than 2021.
  • Affirmed 2023 earnings guidance range of $2.82 - $2.96 per share

Headline financials

Total Revenue

$1.06B

Previous: $927M+14.1%
EPS (adj)

$0.46

Previous: $0.35+31.4%
Book value per share

$24.99

Previous: $23.91+4.5%
Quarterly common dividend rate per share

$0.43

Previous: $0.40+6.2%
Total electric sales (000s MWh)

7.6M

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

39.3M

No prior period
Capital Expenditures

$611M

Previous: $397M+53.9%
Free Cash Flow

-$610M

Previous: -$292M-108.9%
Net Income

$108M

Previous: $95M+13.7%
Operating Income

$159M

Previous: $132M+20.5%
Gross Profit

$356M

Previous: $321M+10.9%
Cash & Equivalents

$20M

Previous: $39M-48.7%
Total Assets

$20.2B

Previous: $18.6B+8.7%

Revenue & EPS history

Alliant Energy · Revenue · Quarterly

$1.06B

Q4 2022+14.1%vs Q4 2021
Beat estimate in 9 of 15 quarters(60%)
ActualEstimate

Revenue by segment

Alliant Energy · $1.06B total across 4 segments · Q4 2022

  • Electric utility
    $796M+9.9%
  • Gas utility
    $224M+34.1%
  • Non-utility
    $24M+4.3%
  • Other utility
    $14M+7.7%

Forward guidance

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

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
  • Consolidated effective tax rate of 1%
  • Impacts of any material non-cash valuation adjustments
  • Regulatory-related charges or credits
  • Reorganizations or restructurings

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 Q4 2022

Historical avgQ4 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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