Alliant Energy Q2 2026: EPS $0.65 Beats Consensus, $1B ATM Program Launched
LNT is trading near its 52-week low of $63.28 (12% above the low) on light trading volume (0.3× avg).
Summary
Alliant Energy's Q2 2026 earnings beat estimates, and the company initiated a $1 billion ATM equity program to fund its capital plan, alongside progress on regulatory approvals for new generation and data center load growth.
Key Events · Earnings and Guidance · LNT
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Q2 Earnings Beat
Adjusted EPS of $0.65 exceeded the $0.59 consensus by 10%, with net income of $170 million on revenues of $971 million.
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$1B ATM Equity Program
Alliant Energy filed a new $1 billion at-the-market offering program, with forward sale agreements already executed for 6.55 million shares at a weighted-average forward price of $72.89 per share.
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Convertible Debt Settlement
The $575 million 3.875% convertible notes matured; Alliant paid the principal in cash and issued 834,811 shares for the conversion premium.
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Regulatory and Project Milestones
Received IUC approval for up to 1,000 MW of new wind generation in Iowa, filed for a 720 MW gas plant, and advanced data center electric service agreements in both IPL and WPL territories.
Analysis · LNT · Energy & Transportation
Alliant Energy reported Q2 2026 adjusted EPS of $0.65, beating the $0.59 consensus by 10%, driven by higher rate base and tax benefits. The company launched a new $1 billion at-the-market equity program, adding potential dilution overhang, while advancing major generation projects and data center agreements that underpin long-term growth. The quarter also saw the settlement of $575 million in convertible notes and a new $400 million term loan, reflecting active balance sheet management.
At the time of this filing, LNT was trading at $70.85 on NASDAQ in the Energy & Transportation sector, with a market capitalization of approximately $18.3B. The 52-week trading range was $63.28 to $78.81. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.