Alliant Energy Q2 EPS Beats by 10% on Rate Hikes and Data Center Demand
LNT is trading near its 52-week low of $63.28 (12% above the low).
Summary
Alliant Energy reported Q2 adjusted EPS of $0.65, beating the $0.59 consensus by 10%. The beat was driven by higher rates in Iowa and Wisconsin and growing demand from data centers, which offset a rise in operating expenses to $786 million and a 15.3% jump in interest costs to $143 million. The company affirmed its 2026 EPS guidance of $3.36-$3.46 and expects 60% load growth by 2031, with large customer load materializing this year. This follows the Q1 10-Q that highlighted a new $1 billion ATM program and a significant data center service agreement, reinforcing the growth narrative. The earnings beat and reaffirmed guidance signal that rate-case outcomes and data center contracts are translating into tangible financial results, supporting the stock's premium valuation. Watch for updates on the ATM program utilization and progress on large customer connections in the second half of 2026.
At the time of this announcement, LNT was trading at $70.89 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 news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Reuters.