Alliant Energy beats quarterly profit estimates on higher rates, data center demand
LNT•Load growth and guidance
Alliant serves roughly 1 million electric and 427,000 natural gas customers in Iowa and Wisconsin.
The company expects 60% load growth by 2031; large customer load expected to materialize as forecast in 2026.
It affirmed 2026 earnings guidance range of $3.36 per share to $3.46 per share.
Costs and industry backdrop
However, its total operating expenses rose to $786 million, while interest costs rose 15.3% to $143 million.
- U.S. power consumption, which hit its second straight annual record high in 2025, will rise further in 2026 and 2027, the Energy Information Administration said.
- U.S. electric utilities have been seeking to raise customer power bills, mainly to pay for power infrastructure upgrades, as the country's grid faces an onslaught of extreme weather and ballooning demand from the electrification of industries and data-center build out.
- Regulated utilities use rate-case proceedings to determine the amount that customers need to pay for electricity, natural gas, private water and steam services.
Quarterly profit beats estimates
July 30 (Reuters) - U.S. utility Alliant Energy LNT.O beat Wall Street expectations for second-quarter adjusted profit on Thursday, as higher rates in Iowa and Wisconsin and demand from data centers outweighed higher costs and effects of warmer weather.
The company reported second-quarter earnings of 65 cents per share for the quarter ended June 30, compared with analysts' expectations of 59 cents per share, according to data compiled by LSEG.
