NASDAQ$LNT

Alliant Energy Corp · Q4 2023 earnings

Q4 2023 earnings · · Investor relations

Briefing

Alliant Energy announced its Q4 2023 earnings, reporting GAAP EPS of $0.47 and non-GAAP EPS of $0.48.

Alliant Energy reported GAAP earnings per share of $0.47 and non-GAAP earnings per share of $0.48 for Q4 2023. The company affirmed its 2024 earnings guidance range of $2.99 - $3.13 per share.

  • GAAP earnings per share were $2.78 in 2023 compared to $2.73 in 2022.
  • Temperature-normalized non-GAAP earnings per share were $2.88 in 2023 compared to $2.73 in 2022, representing 5.5% growth.
  • Alliant Energy is affirming EPS guidance for 2024 of $2.99 - $3.13.
  • The company delivered on its 5-7% temperature normalized non-GAAP EPS growth range for the 14th year in a row.

Headline financials

Total Revenue

$961M

Previous: $1.06B-9.2%
EPS (adj)

$0.48

Previous: $0.46+4.3%
Book value per share

$26.46

Previous: $24.99+5.9%
Quarterly common dividend rate per share

$0.45

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

7.6M

Previous: 7.6M+0.8%
Total gas sold and transported (000s dekatherms)

41.5M

Previous: 39.3M+5.6%
Capital Expenditures

-$561M

Previous: $611M-191.8%
Net Income

$121M

Previous: $108M+12.0%
Operating Income

$183M

Previous: $159M+15.1%
Gross Profit

$211M

Previous: $356M-40.7%

Revenue & EPS history

Alliant Energy · Revenue · Quarterly

$961M

Q4 2023-9.2%vs Q4 2022
Beat estimate in 9 of 15 quarters(60%)
ActualEstimate

Revenue by segment

Alliant Energy · $1.51B total across 4 segments · Q3 2023

  • Electric utility
    $995M-4.2%
  • Gas utility
    $476M+667.7%
  • Non-utility
    $22M-4.3%
  • Other utility
    $13M+18.2%

Forward guidance

Alliant Energy is affirming EPS guidance for 2024 of $2.99 - $3.13.

Tailwinds

  • Ability of IPL and WPL to earn their authorized rates of return
  • Normal temperatures in its utility service territories
  • Constructive and timely regulatory outcomes from regulatory proceedings
  • Stable economy and resulting implications on utility sales
  • 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 including further corporate tax rate changes 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 Q4 2023

Historical avgQ4 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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