Press release
Alliant Energy Announces Third Quarter 2021 Results
Third quarter GAAP earnings per share was $1.02 in 2021 compared to $0.98 in 2020With strong year-to-date results, increased and narrowed 2021 earnings
About this update from Alliant Energy Corporation
[{"type":"text","content":"Third quarter GAAP earnings per share was $1.02 in 2021 compared to $0.98 in 2020With strong year-to-date results, increased and narrowed 2021 earnings guidance range to $2.61 - $2.67Provided 2022 earnings guidance range of $2.65 - $2.79 and 2022 annual common stock dividend target of $1.71 Increased forecasted 2021 - 2025 net capital expenditures to $7 billion in aggregate MADISON, Wis., Nov. 04, 2021 (GLOBE NEWSWIRE) -- Alliant Energy Corporation (NASDAQ: LNT) today announced U.S. generally accepted accounting principles (GAAP) and non-GAAP consolidated unaudited earnings per share (EPS) for the three months ended September 30 as follows: GAAP EPS Non-GAAP EPS 2021 2020 2021 2020Utilities and Corporate Services$1.01 $0.89 $1.01 $0.89 American Transmission Company (ATC) Holdings 0.03 0.03 0.03 0.03 Non-utility and Parent (0.02) 0.06 (0.02) 0.02 Alliant Energy Consolidated$1.02 $0.98 $1.02 $0.94 “We are excited to deliver another quarter of consistent results, including several highlights such as being recognized for the third year in a row as a Top Utility in Economic Development by Site Selection magazine,” said John Larsen, Alliant Energy Chair, President and CEO. “We narrowed and raised our 2021 earnings guidance to a range of $2.61 - $2.67 per share. I am also pleased to share that our Board of Directors has approved a 6% increase in our annual common stock dividend target, raising it to $1.71 per share for 2022.” Utilities and Corporate Services - Alliant Energy’s Utilities and Alliant Energy Corporate Services, Inc. (Corporate Services) operations generated $1.01 per share of GAAP EPS in the third quarter of 2021, which was $0.12 per share higher than the third quarter of 2020. The primary drivers of higher EPS were higher earnings resulting from IPL’s and WPL’s increasing rate base, as well as higher sales due in part to the derecho windstorm in Iowa and COVID-19 sales impacts in the third quarter of 2020. These items were partially offset by higher depreciation expense and lower allowance for funds used during construction (AFUDC). Non-utility and Parent - Alliant Energy’s Non-utility and Parent operations generated ($0.02) per share of GAAP EPS in the third quarter of 2021, which was an $0.08 per share earnings decrease compared to the third quarter of 2020. The lower EPS was primarily driven by an adjustment in 2020 t...