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Alliant Energy 8-K Report, Financial Results (Aug 8, 2025)

Reports
Earnings & Results·Exhibits & Filings
Filing Date
Filed August 8, 2025
Period End
August 7, 2025
Security
LNT
In the record · 2016–202610-K1110-Q338-K136

LNT filed 11 annual reports (10-K), 33 quarterly reports (10-Q) and 136 current reports (8-K) between 2016 and 2026.

  1. Material agreement8-K · Dec ’18Dec ’18
  2. Leadership change8-K · Jan ’21Jan ’21
  3. Leadership change8-K · Jan ’23Jan ’23
  4. Material agreement8-K · Oct ’26Oct ’26

01—Abstract

Summary

Summary of the 8-K filed August 8, 2025. Cited figures are marked; the original filing is the authoritative source.

Alliant Energy Corporation (NASDAQ: LNT) furnished a Form 8-K dated August 7, 2025, under Item 2.02 (Results of Operations and Financial Condition), attaching a press release announcing financial results for the three and six months ended June 30, 2025.

The filing is a combined report also filed by Interstate Power and Light Company and Wisconsin Power and Light Company. For the second quarter, GAAP earnings per share were $0.68a versus $0.34 in the second quarter of 2024, and net income attributable to Alliant Energy common shareowners was $174 million versus $87 million. The company's non-GAAP EPS for Q2 2024 was $0.57, and no non-GAAP adjustments were made in Q2 2025.

Management attributed the year-over-year improvement mainly to 2024 non-GAAP charges not recurring, higher revenue requirements from capital investments, and estimated temperature impacts, partly offset by higher depreciation and financing expenses. Non-utility and Parent results were a loss of $0.10b per share, down $0.07 from the prior year, driven by lower equity income from corporate venture investments, higher financing expense and timing of income taxes. For the six months ended June 30, 2025, GAAP EPS was $1.50 diluted versus $0.95 in 2024, and net income was $387 million versus $245 million.

Operating revenues were $2,088 millionc versus $1,925 million. Balance sheet items reported at June 30, 2025 include total assets of $23,750 million, long-term debt of $9,642 million (excluding current maturities of $1,373 million), and common equity of $7,145 million, with book value per share of $27.80. Cash from operating activities for the six months was $492 million, and construction and acquisition expenditures for the utility business were $976 million.

The company reaffirmed its 2025 consolidated ongoing EPS guidance of $3.15 to $3.25d per share, with assumptions including normal temperatures, execution of capital expenditure plans and the ability of IPL and WPL to earn their authorized returns. The guidance excludes material non-cash valuation adjustments, regulatory-related charges and other listed items.

A conference call to discuss the results was scheduled for August 8, 2025 at 9 a.m. Central time.

02—Key points

Key Highlights

  1. Q2 2025 GAAP EPS of $0.68 versus $0.34 in Q2 2024; net income of $174 million versus $87 million
  2. Six-month 2025 GAAP EPS of $1.50 diluted versus $0.95 in 2024; net income of $387 million versus $245 million
  3. 2025 consolidated ongoing EPS guidance of $3.15 to $3.25 reaffirmed
  4. Utilities and Corporate Services contributed $0.74 per share of Q2 2025 GAAP EPS, up from $0.33 in Q2 2024, driven by non-recurrence of 2024 charges and higher revenue requirements from capital investments
  5. Non-utility and Parent posted a $0.10 per share loss in Q2 2025, versus a $0.03 loss in Q2 2024, due to lower corporate venture equity income, higher financing expense and tax timing
  6. IPL received an IUC order in September 2024 authorizing $185 million (electric) and $10 million (gas) in annual base rate increases for the October 2024 to September 2025 Test Period; WPL's 2025 retail electric rate review authorized a $60 million annual increase
  7. Quarterly common dividend rate of $0.5075 per share, up from $0.48 a year earlier

03—Questions

Frequently Asked Questions

  1. Did Alliant Energy change its 2025 earnings outlook in this filing?

    No. The company reaffirmed its consolidated ongoing 2025 EPS guidance range of $3.15 to $3.25 per share. The guidance assumes, among other things, that IPL and WPL earn their authorized rates of return, temperatures are normal, and capital expenditure plans are executed on schedule.

  2. Why did GAAP EPS nearly double in the second quarter?

    The filing attributes the increase mainly to items in 2024 that were not part of ongoing operations, including a $60 million pre-tax Lansing Generating Station charge and a $20 million pre-tax asset retirement obligation charge, which together contributed $0.23 per share in Q2 2024. Higher revenue requirements from capital investments ($0.19 per share in the variance table) and estimated temperature impacts ($0.04) also contributed, partly offset by higher depreciation and financing expenses.

  3. What drove the loss in the Non-utility and Parent segment?

    The filing states that the Q2 2025 loss of $0.10 per share, compared with a $0.03 loss in Q2 2024, was primarily driven by lower equity income from corporate venture investments, higher financing expense and the timing of income taxes.

  4. How is the company's balance sheet and cash flow position at mid-year?

    At June 30, 2025, total assets were $23,750 million, long-term debt (excluding current maturities) was $9,642 million, and Alliant Energy common equity was $7,145 million. For the six months, net cash flows from operating activities were $492 million, and utility construction and acquisition expenditures were $976 million, with $1,162 million in long-term debt issued.

  5. What is the source of the detailed quarterly results and conference call information?

    The financial results are contained in Exhibit 99.1, a press release issued August 7, 2025. The release states that a conference call to review second-quarter 2025 results would be held on August 8, 2025 at 9 a.m. Central time, with a webcast available at www.alliantenergy.com/investors.

04—Continue

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