Alliant Energy Corporation · NASDAQ:LNT
Alliant Energy — Q1 2026 Earnings Presentation
10 slides from Alliant Energy's earnings presentation, May 1, 2026
Slide 1: Alliant Energy Corporation Q1 2026 Earnings Call
Alliant Energy Corporation Q1 2026 Earnings Call May 1, 2026
Slide 2: Cautionary Statements
Cautionary Statements Forward-looking Statements The information regarding load growth opportunities, forecasted earnings per share, estimated effective income tax rates, financing plans and sources of funding, and regulatory plans contain forward-looking statements. Actual results could differ mate
Slide 3: Powering a future you want to own
ALLIANT ENERGY Powering a future you want to own THE ALLIANT ENERG ADVANTAGETM FINANCIAL OUTLOOK • 2026 ongoing EPS growth guidance of $3.36 to $3.46 Solutions-oriented approach • Long-term EPS growth target of 5-7%+, projecting at or Unlocking the potential of our customers and above high end in 20
Slide 4: Scaling for the Future: Load Growth Opportunities
Scaling for the Future: Load Growth Opportunities New ESA signed for a project in Iowa, expect capex for this project to be added in Q3 as part of plan refresh ~11% Retail Electric Sales Growth CAGR 2025-2031 3GW IN PLAN Demand expected to ramp up 2027-2031 NEW RESOURCES NEEDED TO MEET LOAD ESA ICR
Slide 5: Q1 2026 Highlights
ALLIANT ENERGY Q1 2026 Highlights ADVANCING CUSTOMER GROWTH & INVESTMENTS In April, executed new electric service agreement (ESA) to serve ~370 MW data center which provides upside to the current long-term plan; secured generation to support additional load SUPPORTIVE REGULATORY ENVIRONMENTS Regulat
Slide 6: 2026 Guidance
2026 Guidance 2026 ongoing earnings guidance based on the following assumptions (as compared to 2025 levels): • Higher earnings on growing capital investments, including AFUDC • Forecasted 2026 capital expenditures of ~$3 billion weighted toward the second half of the year, with average construction
Slide 7: 2026 Debt Financing Progress
2026 Debt Financing Progress Balanced financing plans support growth in capital expenditures ($ in millions) Issuances Type Amount Rate Issued Matures AEC Term Loan $400 Variable March 2, 2026 March 1, 2027 IPL Senior Debentures Up to $500 WPL Debentures Up to $300 Maturities Type Amount Rate Maturi
Slide 8: 2026-2029 Equity Plan Update
2026-2029 Equity Plan Update Proactive forward equity issuances address over half of equity in plan through 2029 ($ in billions) $2.5 $2.0 ~$0.7B to be settled primarily in the second half of 2026 and the $1.5 remaining in 2027 $2.4 $1.0 $1.3 $0.1 $0.5 $1.0 $0.0 Total Equity Plan ATM DRIP Program Re
Slide 9: Advancing Regulatory Initiatives
Advancing Regulatory Initiatives Customer focused investments and individual customer rate proceedings Approved Utility Docket Order Date Up to 1 GW Wind Advance Ratemaking IPL RPU-2025-0003 March 11, 2026 (written) 153 MW Bent Tree North Wind Project WPL 6680-CE-189 April 9, 2026 (verbal) Pending A
Slide 10: GAAP to Ongoing Earnings Reconciliation
GAAP to Ongoing Earnings Reconciliation The following table provides a summary of Alliant Energy’s results for the three months ended March 31: GAAP EPS Adjustments Ongoing EPS 2026 2025 2026 2025 2026 2025 IPL $0.36 $0.43 $-- $-- $0.36 $0.43 WPL 0.45 0.43 -- -- 0.45 0.43 Corporate Services 0.02 0.0