Alliant Energy Corp

NASDAQ:LNTUnited States

May 2, 2024

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• -- Earnings Flash (LNT) ALLIANT ENERGY CORPORATION Posts Q1 Revenue $1.03B, vs. Street Est of $1.18B, from 6:01PM ET on Thursday May 02, 2024 by MT Newswires

  6:01PM ET on Thursday May 02, 2024 by MT Newswires
  Companies Mentioned: LNT
  06:01 PM EDT, 05/02/2024 (MT Newswires) -- ...

• Alliant Energy Announces First Quarter 2024 Results, from 6:00PM ET on Thursday May 02, 2024 by Dow Jones

  6:00PM ET on Thursday May 02, 2024 by Dow Jones
  Companies Mentioned: LNT
  receivable sold to a third party $ 430 $ 329 Accounts receivable sold to a third party (123) (141) --- ---------- --------- Net cash flows from operating activities 307 188 --- ---------- --------- Cash flows used for investing activities: Construction and acquisition expenditures: Utility business (478) (417) Other (32) (34) Cash receipts on sold receivables 155 173 Proceeds from sale of partial ownership interest in West Riverside -- 25 Other 2 (10) --- ---------- --------- Net cash flows used for investing activities (353) (263) --- ---------- --------- Cash flows from financing activities: Common stock dividends (123) (113) Proceeds from issuance of long-term debt 597 862 Payments to retire long-term debt (300) -- Net change in commercial paper and other short-term borrowings (141) (532) Other (15) (5) --- ---------- --------- Net cash flows from financing activities 18 212 --- ---------- --------- Net increase (decrease) in cash, cash equivalents and restricted cash (28) 137 Cash, cash equivalents and restricted cash at beginning of period 63 24 --- ---------- --------- Cash, cash equivalents and restricted cash at end of period $ 35 $ 161 === ========== ========= KEY FINANCIAL AND OPERATING STATISTICS March 31, 2024 March 31, 2023 -------------- -------------- Common shares outstanding (000s) 256,379 251,388 Book value per share $26.59 $25.17 Quarterly common dividend rate per share $0.48 $0.4525 Three Months Ended March 31, ------------------------------ 2024 2023 -------------- -------------- Utility electric sales (000s of megawatt-hours) Residential 1,755 1,806 Commercial 1,523 1,554 Industrial 2,532 2,564 Industrial - co-generation customers 179 277 -------------- -------------- Retail subtotal 5,989 6,201 Sales for resale: Wholesale 679 698 Bulk power and other 1,670 1,243 Other 15 15 -------------- -------------- Total 8,353 8,157 ============== ============== Utility retail electric customers (at March 31) Residential 849,255 843,367 Commercial 145,826 144,932 Industrial 2,407 2,416 -------------- -------------- Total 997,488 990,715 ============== ============== Utility gas sold and transported (000s of dekatherms) Residential 11,823 13,044 Commercial 7,529 8,500 Industrial 765 766 -------------- -------------- Retail subtotal 20,117 22,310 Transportation / other 33,908 32,614 -------------- -------------- Total 54,025 54,924 ============== ============== Utility retail gas customers (at March 31) Residential 383,769 381,714 Commercial 45,125 45,050 Industrial 322 324 -------------- -------------- Total 429,216 427,088 ============== ============== Estimated operating income decreases from impacts of temperatures (in millions) - Three Months Ended March 31, ------------------------------ 2024 2023 -------------- -------------- Electric ($19) ($9) Gas (11) (6) -------------- -------------- Total temperature impact ($30) ($15) ============== ============== Three Months Ended March 31, -------------------------------- 2024 2023 Normal --------- --------- ---------- Heating degree days (HDDs) (a) Cedar Rapids, Iowa (IPL) 2,850 3,155 3,471 Madison, Wisconsin (WPL) 2,979 3,184 3,554 (a) HDDs are calculated using a simple average of the high and low temperatures each day compared to a 65 degree base. Normal degree days are calculated using a rolling 20-year average of historical HDDs.
  

• *DJ Alliant Energy Sees FY EPS $2.99-EPS $3.13 >LNT, from 6:00PM ET on Thursday May 02, 2024 by Dow Jones

  6:00PM ET on Thursday May 02, 2024 by Dow Jones
  Companies Mentioned: LNT
  receivable sold to a third party $ 430 $ 329 Accounts receivable sold to a third party (123) (141) --- ---------- --------- Net cash flows from operating activities 307 188 --- ---------- --------- Cash flows used for investing activities: Construction and acquisition expenditures: Utility business (478) (417) Other (32) (34) Cash receipts on sold receivables 155 173 Proceeds from sale of partial ownership interest in West Riverside -- 25 Other 2 (10) --- ---------- --------- Net cash flows used for investing activities (353) (263) --- ---------- --------- Cash flows from financing activities: Common stock dividends (123) (113) Proceeds from issuance of long-term debt 597 862 Payments to retire long-term debt (300) -- Net change in commercial paper and other short-term borrowings (141) (532) Other (15) (5) --- ---------- --------- Net cash flows from financing activities 18 212 --- ---------- --------- Net increase (decrease) in cash, cash equivalents and restricted cash (28) 137 Cash, cash equivalents and restricted cash at beginning of period 63 24 --- ---------- --------- Cash, cash equivalents and restricted cash at end of period $ 35 $ 161 === ========== ========= KEY FINANCIAL AND OPERATING STATISTICS March 31, 2024 March 31, 2023 -------------- -------------- Common shares outstanding (000s) 256,379 251,388 Book value per share $26.59 $25.17 Quarterly common dividend rate per share $0.48 $0.4525 Three Months Ended March 31, ------------------------------ 2024 2023 -------------- -------------- Utility electric sales (000s of megawatt-hours) Residential 1,755 1,806 Commercial 1,523 1,554 Industrial 2,532 2,564 Industrial - co-generation customers 179 277 -------------- -------------- Retail subtotal 5,989 6,201 Sales for resale: Wholesale 679 698 Bulk power and other 1,670 1,243 Other 15 15 -------------- -------------- Total 8,353 8,157 ============== ============== Utility retail electric customers (at March 31) Residential 849,255 843,367 Commercial 145,826 144,932 Industrial 2,407 2,416 -------------- -------------- Total 997,488 990,715 ============== ============== Utility gas sold and transported (000s of dekatherms) Residential 11,823 13,044 Commercial 7,529 8,500 Industrial 765 766 -------------- -------------- Retail subtotal 20,117 22,310 Transportation / other 33,908 32,614 -------------- -------------- Total 54,025 54,924 ============== ============== Utility retail gas customers (at March 31) Residential 383,769 381,714 Commercial 45,125 45,050 Industrial 322 324 -------------- -------------- Total 429,216 427,088 ============== ============== Estimated operating income decreases from impacts of temperatures (in millions) - Three Months Ended March 31, ------------------------------ 2024 2023 -------------- -------------- Electric ($19) ($9) Gas (11) (6) -------------- -------------- Total temperature impact ($30) ($15) ============== ============== Three Months Ended March 31, -------------------------------- 2024 2023 Normal --------- --------- ---------- Heating degree days (HDDs) (a) Cedar Rapids, Iowa (IPL) 2,850 3,155 3,471 Madison, Wisconsin (WPL) 2,979 3,184 3,554 (a) HDDs are calculated using a simple average of the high and low temperatures each day compared to a 65 degree base. Normal degree days are calculated using a rolling 20-year average of historical HDDs.
  

• Alliant Energy Announces First Quarter 2024 Results, from 6:00PM ET on Thursday May 02, 2024 by Business Wire

  6:00PM ET on Thursday May 02, 2024 by Business Wire
  Companies Mentioned: LNT

  Alliant Energy Corporation (NASDAQ: LNT) today announced U.S. generally accepted accounting principles (GAAP) consolidated unaudited earnings per share (EPS) for the three months ended March 31 as follows: