Alliant Energy earnings
MyStockButler's October 2026 analysis: In the September 2026 quarter, revenue rose 6.2% and diluted EPS rose 39% from a year earlier. Watch whether tax timing reverses as expected.
What has Alliant Energy guided for 2026 and 2027?
For 2026, management guides to ongoing EPS of $3.41–$3.46. For 2027, guidance is $3.63–$3.73. Dividend targets are $2.14 per share for 2026 and $2.25 for 2027.
| Period guided | Low | High | Date given | |
|---|---|---|---|---|
| Alliant Energy Consolidated ongoing EPS (US$ per share) | Year to Dec 2026 | 3.41 | 3.46 | Oct 29, 2026 |
| Alliant Energy Consolidated ongoing EPS (US$ per share) | Year to Dec 2027 | 3.63 | 3.73 | Oct 29, 2026 |
| Annual common stock dividend target (US$ per share) | Year to Dec 2026 | 2.14 | 2.14 | Oct 29, 2026 |
| Annual common stock dividend target (US$ per share) | Year to Dec 2027 | 2.25 | 2.25 | Oct 29, 2026 |
Has Alliant Energy kept its past promises?
EPS landed within its forecast range in 4 of the past 5 years. Dividend targets were met in all 5 years.
What has Alliant Energy's revenue and profit trend been across the last eight quarters?
Revenue rose 6.2% in the September 2026 quarter. Diluted EPS rose 39%. Alliant linked the improvement to higher revenue requirements from rate-base growth, stronger electricity sales, construction allowances, and investment income.
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,285 | 971 | 1,184 | 1,064 | 1,210 | 961 | 1,128 | 976 |
| Operating margin | 30.3% | 19.1% | 21.0% | 18.4% | 28.8% | 23.2% | 22.8% | 22.7% |
| EPS, diluted | 1.52 | 0.65 | 0.87 | 0.55 | 1.09 | 0.68 | 0.83 | 0.58 |
| Free cash flow | -356 | -495 | -46 | -566 | -175 | -240 | -333 | -561 |
What this means. Negative free cash flow means the company spent more cash on equipment than its business generated during those quarters.
What should I watch in Alliant Energy's next release?
The near-term tests are results, approvals, tax rules and customer construction. The October 30, 2026 earnings call should clarify the enlarged plan, while the 2026 results will show whether tax timing reverses as expected.