Alliant Energy reported third‑quarter 2025 results, posting GAAP earnings per share of $1.09 and ongoing EPS of $1.12, both below analyst expectations of $1.15 and $1.17 respectively. The miss reflects higher operating costs, including increased generation expenses from planned maintenance and investment in long‑term growth initiatives.
Revenue reached $1.21 billion, a $0.04 billion (≈3%) short of the consensus estimate of $1.25 billion. The shortfall is driven by modest demand weakness in the regulated utility segment, offset by a 5% lift in the data‑center and renewable‑energy services that benefited from rate adjustments.
Despite the quarterly miss, the company’s nine‑month ongoing EPS climbed 12.4% to $2.62, underscoring a strong year‑to‑date performance. Management attributed the growth to a 900‑MW contract with QTS Madison and a broader 3 GW of data‑center demand that is expected to lift peak demand by 50% by 2030.
Alliant narrowed its 2025 earnings guidance to $3.17–$3.23 per share, a slight tightening from the prior $3.15–$3.25 range. The adjustment signals confidence that the company can maintain profitability while investing $13.4 billion in capital expenditures through 2029 to support renewable generation, storage, and grid upgrades.
For 2026, the company projected earnings of $3.36–$3.46 per share and raised its annual dividend target to $2.14 per share, reflecting a commitment to shareholder returns amid a robust long‑term growth outlook.
Management emphasized that higher operating expenses are a temporary headwind, while the expanding data‑center portfolio and regulatory support for renewable projects provide tailwinds that should offset short‑term margin pressure and drive future earnings growth.
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