Alliant Energy
Provides regulated electricity and natural gas service across Iowa and Wisconsin.
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Profile
Provides regulated electricity and natural gas service across Iowa and Wisconsin through Interstate Power and Light and Wisconsin Power and Light. Revenue comes mainly from electric utility rates, while state commissions and FERC govern prices, returns, and recoverable costs.
Provides regulated electricity and natural gas service through Interstate Power and Light in Iowa and Wisconsin Power and Light in Wisconsin. The utilities generate and distribute electricity and distribute and transport natural gas; the Wisconsin utility also sells power to wholesale customers.
Plans, builds, and operates generation, energy storage, electric distribution, and gas-system infrastructure to serve residential, commercial, and industrial demand. Most revenue comes from electric utility service; natural gas and a small collection of non-utility energy and logistics holdings round out the portfolio.
Earns primarily through approved tariffs and customer contracts, with investment returns and cost recovery governed by the Iowa Utilities Commission, Public Service Commission of Wisconsin, and FERC. The utilities rely on ITC and ATC for electric transmission service and participate in the MISO wholesale market.
Company facts
Key statistics
Year to date +3.7% · Average volume (30d) 2.4M
Analysts
Unavailable right now.
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 30, 2026Q2 FY26 | $0.58 | $0.65 | +12.3% | $896.9M | $971.0M | +8.3% | −0.16% |
| Apr 30, 2026Q1 FY26 | $0.82 | $0.82 | 0.0% | $1.08B | $1.18B | +10.1% | +0.86% |
| Feb 19, 2026Q4 FY25 | $0.59 | $0.60 | +2.4% | $706.2M | $1.06B | +50.7% | +1.43% |
| Nov 6, 2025Q3 FY25 | $1.18 | $1.12 | −5.1% | $1.29B | $1.21B | −6.1% | +0.90% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $1.13B | $961.0M | $1.21B | $1.06B | $1.18B | $971.0M | |
| Gross profit | $498.0M | $254.0M | $550.0M | $447.0M | $427.0M | $438.0M | |
| Operating income | $257.0M | $223.0M | $349.0M | $196.0M | $249.0M | $185.0M | |
| Net income | $213.0M | $174.0M | $281.0M | $142.0M | $224.0M | $170.0M | |
| Diluted EPS | $0.83 | $0.68 | $1.09 | $0.55 | $0.87 | $0.65 | |
| Gross margin | 44.1% | 26.4% | 45.5% | 42.0% | 36.1% | 45.1% | |
| Operating margin | 22.8% | 23.2% | 28.8% | 18.4% | 21.0% | 19.1% |
Fiscal years (4-quarter sums)FY21 $3.67B · FY22 $4.20B · FY23 $4.03B · FY24 $3.98B · FY25 $4.36B
Revenue by product · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $25.0M · Total debt $12.12B · Total assets $25.32B · Shareholders' equity $7.53B
Dividends
Raised for 22 straight years — most recently to $0.535 from $0.5075 in Jan 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jul 31, 2026 | Jul 31 | Aug 17 | $0.535 | |
| Apr 30, 2026 | Apr 30 | May 15 | $0.535 | |
| Jan 30, 2026 | Jan 30 | Feb 17 | $0.535 | raised from $0.5075 |
| Oct 31, 2025 | Oct 31 | Nov 17 | $0.5075 | |
| Jul 31, 2025 | Jul 31 | Aug 15 | $0.5075 | |
| Apr 30, 2025 | Apr 30 | May 15 | $0.5075 | |
| Jan 31, 2025 | Jan 31 | Feb 18 | $0.5075 | raised from $0.48 |
| Oct 31, 2024 | Oct 31 | Nov 15 | $0.48 |
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 258.28M · Float 257.85M · 99.8% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 24.99M | 9.67% | 13F | Aug 7, 2026 |
| State Street Corp | 17.57M | 6.80% | 13F | Aug 7, 2026 |
| Vanguard Capital Management LLC | 16.86M | 6.53% | 13F | Aug 13, 2026 |
| Vanguard Portfolio Management LLC | 14.39M | 5.57% | 13F | Aug 13, 2026 |
| Price T Rowe Associates Inc /MD/ | 11.52M | 4.46% | 13F | Aug 14, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 10, 2026 | Robert J. Durian | officer: EVP and CFO | −0 | $68.60 |
Peers
- WEC Energy Group
Closest Wisconsin electric and gas utility peer
- Xcel Energy
Upper Midwest utility peer with Wisconsin exposure
- Ameren
Midwest utility peer in grid, generation and load growth
- MGE Energy
Madison-area Wisconsin electric and gas utility peer
- Black Hills
Iowa gas utility overlap through Black Hills Energy
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Alliant Energy | $68.03 | +0.01% | $17.57B | 21.5 | 19.4 | 4.0 | +1.0% |
| WEC Energy Group | $106.22 | +0.01% | $34.60B | 20.6 | 19.9 | 3.4 | +2.6% |
| Xcel Energy | $76.26 | −0.25% | $47.75B | 20.8 | 18.0 | 3.3 | −5.1% |
| Ameren | $105.85 | −0.25% | $29.37B | 18.7 | 19.3 | 3.4 | −5.8% |
| MGE Energy | $78.15 | −0.08% | $2.95B | 19.2 | 19.5 | 3.8 | +1.1% |
| Black Hills | $72.80 | −0.03% | $5.54B | 18.4 | 15.6 | 2.4 | +3.1% |
| Median | 19.2 | 19.3 | 3.4 | +1.1% |