Press release
Alliant Energy Announces Second Quarter 2023 Results
Second quarter GAAP earnings per share was $0.64 in 2023, compared to $0.63 in 2022 Reaffirming 2023 earnings guidance range of $2.82 - $2.96 MADISON,
About this update from Alliant Energy Corporation
[{"type":"text","content":"\n\nSecond quarter GAAP earnings per share was $0.64 in 2023, compared to $0.63 in 2022\n\n\n\nReaffirming 2023 earnings guidance range of $2.82 - $2.96\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 June 30 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\n2023\n\n\n\n\n\n\n \n\n\n\n\n\n\n2022\n\n\n\n\n\n\n\n\nUtilities and Corporate Services\n\n\n\n\n\n\n$0.65\n\n\n\n\n\n\n \n\n\n\n\n\n\n$0.61\n\n\n\n\n\n\n\n\nAmerican Transmission Company (ATC) Holdings\n\n\n\n\n\n\n0.03\n\n\n\n\n\n\n \n\n\n\n\n\n\n0.03\n\n\n\n\n\n\n\n\nNon-utility and Parent\n\n\n\n\n\n\n(0.04)\n\n\n\n\n\n\n \n\n\n\n\n\n\n(0.01)\n\n\n\n\n\n\n\n\nAlliant Energy Consolidated\n\n\n\n\n\n\n$0.64\n\n\n\n\n\n\n \n\n\n\n\n\n\n$0.63\n\n\n\n\n\n\n\n“Our results for the first half of the year are on track, and we are reaffirming our 2023 earnings guidance,” said John Larsen, Alliant Energy Board Chair and CEO. “We continue delivering on our customer-focused strategy, bringing value to the communities we serve by investing in a diverse energy mix and ensuring a safe, reliable and resilient grid.”\n\n\nUtilities and Corporate Services - Alliant Energy’s Utilities and Alliant Energy Corporate Services, Inc. (Corporate Services) operations generated $0.65 per share of GAAP EPS in the second quarter of 2023, which was $0.04 per share higher than the second quarter of 2022. The primary drivers of higher EPS were higher revenue requirements and allowance for funds used during construction (AFUDC) from Wisconsin Power and Light Company’s (WPL’s) capital investments, and WPL electric fuel-related costs, net of recoveries. These items were partially offset by lower retail electric and gas sales as a result of temperatures, and higher interest expense. Retail electric and gas sales were higher than normal in 2022 due to the impacts of warmer than normal temperatures, while temperatures had minimal impact in the second quarter of 2023.\n\n\nNon-utility and Parent - Alliant Energy’s Non-utility and Parent operations generated $(0.04) per share of GAAP EPS in the second quarter of 2023, which was a $0.03 per share earnings decrease compared to the second quarter of 2022. The low...