Alliant Energy Q3 revenue beats on higher retail electric sales

Overview

• US regulated utility's Q3 revenue beat analyst expectations

• Q3 GAAP EPS rose to $1.52 from $1.09 a year earlier

• Company narrowed 2026 ongoing EPS guidance to upper half of original range

Outlook

• Company narrows 2026 ongoing EPS guidance to $3.41-$3.46

• Alliant Energy issues 2027 EPS guidance of $3.63-$3.73

• Company sets 2027 annual dividend target at $2.25 per share

Result Drivers

• HIGHER RATE BASE & SALES - Co cited increased rate base, investments in generation and energy storage, and higher retail electric sales as drivers of Q3 results

• CUSTOMER DEMAND - Increased retail electric and gas sales due to temperature-driven customer demand boosted EPS

• HIGHER COSTS - Increased labor, maintenance, financing and depreciation expenses offset some gains

Company press release:

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 8 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the electric utilities peer group is "buy"

• Wall Street's median 12-month price target for Alliant Energy Corp is $75.00, about 6.1% above its October 29 closing price of $70.68

• The stock recently traded at 19 times the next 12-month earnings vs. a P/E of 21 three months ago

Reuters Recommended Reads

• Oct 28 - US closes $5.1 billion loan to Alliant Energy for new gas power generation, energy storage

• Oct 27 - CenterPoint Energy Q3 adjusted EPS beats estimates, raises 2026 outlook

• Oct 28 - American Electric Power Q3 revenue rises 13.7%, beats estimates

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)