Press release
Alliant Energy Announces 2022 Results
GAAP earnings per share were $2.73 in 2022 compared to $2.63 in 2021 Adjusted earnings per share were $2.73 in 2022 compared to $2.58 in 2021, representing
About this update from Alliant Energy Corporation
[{"type":"text","content":"\n\nGAAP earnings per share were $2.73 in 2022 compared to $2.63 in 2021\n\n\nAdjusted earnings per share were $2.73 in 2022 compared to $2.58 in 2021, representing 6% growth\n\n\nAffirmed 2023 earnings guidance range of $2.82 - $2.96 per share\n\n\n MADISON, Wis.--(BUSINESS WIRE)--\nAlliant Energy Corporation (NASDAQ: LNT) today announced U.S. generally accepted accounting principles (GAAP) and non-GAAP consolidated unaudited earnings per share (EPS) for 2022 and 2021 as follows:\n\n\n\n \n\n\n\nGAAP EPS\n\n\n\n \n\n\n\nNon-GAAP EPS\n\n\n\n\n\n \n\n\n\n2022\n\n\n\n \n\n\n\n2021\n\n\n\n \n\n\n\n2022\n\n\n\n \n\n\n\n2021\n\n\n\n\n\nUtilities and Corporate Services\n\n\n\n$2.74\n\n\n\n \n\n\n\n$2.52\n\n\n\n \n\n\n\n$2.76\n\n\n\n \n\n\n\n$2.52\n\n\n\n\n\nAmerican Transmission Company (ATC) Holdings\n\n\n\n0.12\n\n\n\n \n\n\n\n0.12\n\n\n\n \n\n\n\n0.14\n\n\n\n \n\n\n\n0.12\n\n\n\n\n\nNon-utility and Parent\n\n\n\n(0.13)\n\n\n\n \n\n\n\n(0.01)\n\n\n\n \n\n\n\n(0.10)\n\n\n\n \n\n\n\n(0.01)\n\n\n\n\n\nAlliant Energy Consolidated\n\n\n\n$2.73\n\n\n\n \n\n\n\n$2.63\n\n\n\n \n\n\n\n$2.80\n\n\n\n \n\n\n\n$2.63\n\n\n\n\n“In 2022, we delivered another strong year of financial results, demonstrated by our sixth consecutive year of 6% or more EPS growth and the 20th consecutive year of dividend growth,” said John Larsen, Alliant Energy Chair, President and CEO. “Looking forward to 2023, we are excited to continue executing our Clean Energy Blueprint across Iowa and Wisconsin and delivering the safe, reliable and affordable energy our customers and communities count on.”\n\nUtilities and Corporate Services - Alliant Energy’s Utilities and Alliant Energy Corporate Services, Inc. (Corporate Services) operations generated $2.74 per share of GAAP EPS in 2022, which was $0.22 per share higher than 2021. The primary drivers of higher EPS were revenue requirements and allowance for funds used during construction (AFUDC) from Wisconsin Power and Light Company (WPL) capital investments and higher temperature-normalized retail electric and gas margins. These items were partially offset by higher depreciation expenses.\n\nNon-utility and Parent - Alliant Energy’s Non-utility and Parent operations generated $(0.13) per share of GAAP EPS in 2022, which was $0.12 per share lower than 2021. The lower EPS was primarily driven by higher financing expense and a ...