Alliant Energy: What a $9 Billion Capex Plan Reveals About Its Next Big Move?

Alliant Energy Corporation’s recent earnings call for the third quarter of 2025 provided a comprehensive overview of its financial performance, strategic initiatives, and future growth plans. The company reported solid financial results, highlighting its ongoing investments in infrastructure to support increased power demand. For the third quarter, Alliant Energy achieved ongoing earnings of $1.12 per share, marking consistent performance with over 80% of the midpoint of its 2025 earnings guidance realized. Positively impacting earnings were higher revenue from its capital investments and favorable weather conditions boosting electric and gas sales. However, these were partially offset by increased operational and maintenance expenses, higher generation development costs, and elevated depreciation and finance expenses. The company narrowed its 2025 earnings guidance to $3.17-$3.23 per share, trending towards the upper limit of this range. Looking ahead to 2026, Alliant Energy has guided earnings to be in the range of $3.36-$3.