Alliant Energy Corp (LNT)

Alliant Energy Corporation operates as a utility holding company that provides regulated electric and natural gas services in the United States. It operates through IPL and WPL segments. The company's IPL segment engages primarily in the generation and distribution of electricity and the distribution and transportation of natural gas to retail customers in select markets in Iowa. This segment also sells electricity to wholesale customers in Minnesota, Illinois and Iowa; and generates and distributes steam for two customers in Cedar Rapids, Iowa. Its WPL segment generates and distributes electricity, and distributes and transports natural gas to retail customers in select markets in Wisconsin; and sells electricity to wholesale customers in Wisconsin. It serves retail customers in the farming, agriculture, industrial manufacturing, chemical, packaging, and food industries, as well as wholesale customers comprising municipalities and rural electric cooperatives. In addition, the company owns and operates a short-line rail freight service in Iowa; a Mississippi River barge, rail, and truck freight terminal in Illinois; freight brokerage services; wind turbine blade recycling services; and a rail-served warehouse in Iowa. Further, it holds interests in a natural gas-fired electric generating unit near Sheboygan Falls, Wisconsin; and a wind farm located in Oklahoma. The company was formerly known as Interstate Energy Corp. and changed its name to Alliant Energy Corporation in May 1999. Alliant Energy Corporation is headquartered in Madison, Wisconsin.

Symbol
LNT
Exchange
Nasdaq
Sector
Utilities
Industry
Utilities - Regulated Electric
Market cap
$16.61B
52 week range
62.54 - 78.81

Valuation

Share price
$64.33 (close of 2026-10-02)
P/E (TTM)
20.17x
Price to book
2.24x
Price to free cash flow
1278.07x
Enterprise value
$28.34B
Book value per share
$28.74

Price performance

PeriodChange
1 day+0.97%
5 days+1.15%
1 month-5.03%
3 months-17.56%
6 months-11.70%
Year to date-1.05%
1 year-2.99%
3 years+39.12%
5 years+15.33%
10 years+67.92%
All time+1178.93%

Members of Congress who disclosed LNT trades

Lisa McClain

Super investors holding LNT

Mairs & Power (Mairs & Power Inc) · Ken Griffin (Citadel)

Profitability and growth

Return on equity
11.04%
Return on invested capital
5.43%
Return on assets
3.24%
Return on capital employed
4.48%
Gross margin
85.67%
Net margin
18.57%
EBITDA margin
42.89%
Revenue growth
9.57%
Net income growth
17.39%
Free cash flow growth
0.17%

Cash flow and balance sheet

Free cash flow yield (TTM)
0.08%
Current ratio
0.69x
Net debt to EBITDA
5.79x

Latest reported year

Period end
2025-12-31
Fiscal year
2025
Revenue
$4.36B
Cost of revenue
$625.00M
Gross profit
$3.74B
EBITDA
$1.87B
Net income
$810.00M
Earnings per share
$3.15
Interest expense
$512.00M
Shares outstanding
257.00M

Income statement by year

Period endRevenueGross profitNet incomeEPS
2025-12-31$4.36B$3.74B$810.00M$3.15
2024-12-31$3.98B$3.37B$690.00M$2.69
2023-12-31$4.03B$3.44B$703.00M$2.78
2022-12-31$4.21B$3.63B$686.00M$2.73
2021-12-31$3.67B$3.13B$674.00M$2.63
2020-12-31$3.42B$2.97B$624.00M$2.47
2019-12-31$3.65B$3.17B$567.00M$2.34
2018-12-31$3.53B$3.04B$522.00M$2.19
2017-12-31$3.38B$2.90B$467.50M$1.99
2016-12-31$3.32B$554.10M$381.70M$1.64

Margins and returns by year

Period endGross marginNet marginReturn on equityReturn on capital
2025-12-3185.67%18.57%11.04%5.43%
2024-12-3184.60%17.33%9.85%5.11%
2023-12-3185.52%17.46%10.37%5.79%
2022-12-3186.37%16.31%10.93%6.05%
2021-12-3185.36%18.37%11.25%5.96%
2020-12-3186.86%18.27%10.60%5.86%
2019-12-3186.81%15.54%10.49%6.11%
2018-12-3185.96%14.77%10.91%6.29%
2017-12-3185.78%13.82%10.67%6.56%
2016-12-3116.69%11.50%9.40%5.91%

Cash and debt by year

Period endCashDebt
2025-12-31$556.00M$10.95B
2024-12-31$81.00M$8.68B
2023-12-31$62.00M$8.22B
2022-12-31$20.00M$7.67B
2021-12-31$39.00M$6.74B
2020-12-31$54.00M$6.77B
2019-12-31$16.00M$5.53B
2018-12-31$20.90M$5.25B
2017-12-31$27.90M$4.01B
2016-12-31$8.20M$4.32B

Free cash flow by year

Period endFree cash flowStock-based compensation
2025-12-31$1.17B$22.00M
2024-12-31$1.17B$12.00M
2023-12-31$867.00M$12.00M
2022-12-31-$998.00M$13.00M
2021-12-31-$587.00M$14.00M
2020-12-31-$865.00M$16.00M
2019-12-31-$980.00M$26.00M
2018-12-31-$1.11B$17.00M
2017-12-31-$945.30M$15.10M
2016-12-31-$804.00M$18.00M

Dividend history

Most recent payment
2026-07-31
Paid in the last twelve months
$2.11
Payment dateDividend per share
2026-07-31$0.54
2026-04-30$0.54
2026-01-30$0.54
2025-10-31$0.51
2025-07-31$0.51
2025-04-30$0.51
2025-01-31$0.51
2024-10-31$0.48

Investor relations

Next earnings report

Next confirmed report
2026-11-05
Consensus EPS estimate
$1.21

Past earnings dates

ReportedFiscal periodEPS estimate
2026-07-30Jun/2026$0.66
2026-04-30Mar/2026$0.82
2026-02-19Dec/2025$0.58
2025-11-06Sep/2025$1.17
2025-08-07Jun/2025$0.62
2025-05-08Mar/2025$0.57
2025-02-20Dec/2024$0.68
2024-10-31Sep/2024$1.11

Filings and sources

Company website
alliantenergy.com
SEC filings
10-K, 10-Q and 8-K on EDGAR
Earnings calendar
All upcoming reports

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