A fixed rule set over this filing's XBRL figures and the number of high-severity risks found in it — no model judgement.
Not investment advice and not a price target: it scores the quarter's fundamentals, not the stock. Full methodology →
AI Takeaway
In 2026-Q2, Alliant Energy reported consolidated net income of $170M ($0.65 per diluted share), down slightly from $174M ($0.68 per diluted share) in the prior-year period, as strong data center load growth agreements and capital investments were offset by higher operation, maintenance, and interest costs.
Alliant Energy's 2026-Q2 net income of $170M reflected customer demand growth and venture investment gains offset by higher operating costs, interest expenses, and weather headwinds.
Last 4 quarters: 3 beats, 1 miss
Reported EPS of $0.82 versus the $0.81 analyst consensus — a +1.0% beat for Jun 2026.
IPL secured an electric service agreement in April 2026 with a data center customer representing ~370 MW of contracted peak demand. Concurrently, the PSCW approved WPL's individual customer rate (ICR) for a new data center and directed WPL to file a large load tariff for all customers with demand requirements of 100 MW or greater.
Source: 10-Q Item 2 MD&A, p.30
The IUC approved advance rate-making principles for IPL for up to 1,000 MW of new wind generation in Iowa (cost cap of $3,020/kW). IPL also filed applications for a 720 MW natural gas EGU in Linn County and the 1,200 MW Riverhawk Energy Center, while expanding Whispering Willow - North energy storage to 200 MW.
Source: 10-Q Item 2 MD&A, p.30
Consolidated net income reached $170M ($0.65 EPS) in 2026-Q2 versus $174M ($0.68 EPS) in 2025-Q2. Utilities net income fell by $42M due to higher O&M, financing, and depreciation expenses, offset by a $36M earnings increase in Non-utility and Parent driven by corporate venture investments.
Source: 10-Q Item 2 MD&A, p.31
Alliant Energy closed 2026-Q2 with $25M in cash and cash equivalents, $542M in available credit facility capacity, and total debt of $12.12B against $7.53B of common equity, yielding an adjusted debt-to-capital ratio of 60%.
Source: 10-Q Item 2 MD&A, p.36
Proposed EPA rules for Coal Combustion Residuals (CCR) and Effluent Limitation Guidelines (ELG) could impose tighter wastewater discharge limits and compliance costs on steam electric generating units, with final rules expected by late 2026.
Source: 10-Q Item 2 MD&A, p.30-31
Rising debt levels and higher interest rates resulted in a $19M increase in interest expense for 2026-Q2 compared to 2025-Q2, creating ongoing pressure on consolidated earnings.
Source: 10-Q Item 2 MD&A, p.32
Mild weather conditions negatively impacted retail electric and gas sales volumes, reducing operating income by $16M in 2026-Q2 compared to the same period in 2025.
Source: 10-Q Item 2 MD&A, p.33
This analysis does not extract a guidance section. Companies issue revenue and EPS outlook in the 8-K press release and on the earnings call rather than in the 10-Q itself — though the filing's management discussion can contain forward-looking statements, which appear in the highlights above where they were material.
Alliant Energy (LNT) is next expected to report on , when the following quarter's results and any updated outlook will be available.
See the LNT earnings preview — expected date, analyst estimates and what to watch →
Alliant Energy reported net income attributable to common shareowners of $170M, or $0.65 per diluted share, in 2026-Q2. This compares to $174M, or $0.68 per diluted share, in 2025-Q2. The slight decline was driven by higher operating, maintenance, and interest costs, offset by gains in corporate venture investments.
In 2026-Q2, IPL executed an electric service agreement with a data center customer for approximately 370 MW of contracted peak demand. Additionally, WPL received approval for an individual customer rate for another data center and was ordered to institute a large load tariff for customers requiring 100 MW or more.
IPL received Iowa approval for rate-making principles for up to 1,000 MW of new wind generation at a cost cap of $3,020/kW. IPL also applied for certificates to construct a 720 MW natural gas EGU in Linn County and the 1,200 MW Riverhawk Energy Center, while expanding battery storage capacity to 200 MW.
As of June 30, 2026, Alliant Energy held $25M in cash and cash equivalents and had $542M of available capacity under its credit facility. Operating cash flows reached $481M for the first six months of 2026, and the company maintained an adjusted debt-to-capitalization ratio of 60%.
Alliant Energy (LNT) is next expected to report earnings on Nov 4, 2026. The date comes from the analyst earnings calendar and can shift until the company confirms it.
Expected release date, analyst estimates & what to watch
LNT delivered solid Q1 FY2026 results with revenue up 5.0% YoY to $1.18B and net income rising 5.2% to $224M, though operating margin contracted slightly and long-term debt surged 28.3% reflecting ongoing capital investment.
Alliant Energy (LNT) delivered strong FY2025 results with revenue rising 9.6% to $4.36B and net income climbing 17.4% to $810M, driven by higher utility revenues and improved operating efficiency, though long-term debt surged 26.2% to support ongoing capital investment.
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