Alliant Energy Announces First Quarter 2024 Results

About this update from Alliant Energy Corporation

[{"type":"text","content":"\n\nFirst quarter GAAP earnings per share was $0.62 in 2024, compared to $0.65 in 2023\n\n\n\n\nReaffirming 2024 earnings guidance range of $2.99 - $3.13 per share\n\n\n\n MADISON, Wis.--(BUSINESS WIRE)--\nAlliant Energy Corporation (NASDAQ: LNT) today announced U.S. generally accepted accounting principles (GAAP) consolidated unaudited earnings per share (EPS) for the three months ended March 31 as follows:\n\n\n\n\n \n\n\n\n\n\n\nGAAP EPS\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\n2024\n\n\n\n\n\n\n \n\n\n\n\n\n\n2023\n\n\n\n\n\n\n\n\nUtilities and Corporate Services\n\n\n\n\n\n\n$\n\n\n\n\n\n\n0.62\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n0.65\n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\nAmerican Transmission Company (ATC) Holdings\n\n\n\n\n\n\n \n\n\n\n\n\n\n0.04\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n0.04\n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\nNon-utility and Parent\n\n\n\n\n\n\n \n\n\n\n\n\n\n(0.04\n\n\n\n\n\n\n)\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n(0.04\n\n\n\n\n\n\n)\n\n\n\n\n\n\n\n\nAlliant Energy Consolidated\n\n\n\n\n\n\n$\n\n\n\n\n\n\n0.62\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n0.65\n\n\n\n\n\n\n \n\n\n\n\n\n\n\n“We had a solid start to the year in light of historically mild weather,” said Lisa Barton, Alliant Energy President and CEO. “Our results were in line with our expectations, allowing us to reaffirm our 2024 earnings guidance and positioning us well to reach our long-term growth objectives. We remain focused on growth and ensuring we are executing on our strategic priorities. We are approaching a significant milestone in diversifying our energy mix, with the successful commissioning of the final project in our 1.1 gigawatt solar investment in Wisconsin.”\n\n\nUtilities and Corporate Services - Alliant Energy’s Utilities and Alliant Energy Corporate Services, Inc. (Corporate Services) operations generated $0.62 per share of GAAP EPS in the first quarter of 2024, which was $0.03 per share lower than the first quarter of 2023. The primary drivers of lower EPS were lower retail electric and gas sales due to impacts of warmer than normal temperatures and higher financing and depreciation expenses. These items were partially offset by higher revenue requirements from capital investments at Wisconsin Power and Light Company (WPL).\n\n\nDetails regarding GAAP EPS variances between the f...

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