Alliant Energy Projects Increased Capital Spending Post-2025 Amid EPS Growth
Alliant Energy reported a rise in 2025 GAAP EPS to $3.14 from $2.69 in 2024, with ongoing EPS increasing to $3.22. The company maintains 2026 EPS guidance of $3.36-$3.46. Growth is driven by a regulated investment plan, customer demand, and an updated agreement with QTS. Increased revenues are linked to rate base increases, while weather effects contributed positively to net operating income. Planned capital spending from 2026-2029 focuses on renewables, energy storage, and gas projects.
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Alliant Energy's 2025 GAAP EPS increased to $3.14, up from $2.69 in 2024, while ongoing EPS rose to $3.22, marking 6% growth. The company projects ongoing EPS for 2026 between $3.36 and $3.46. Growth is attributed to a regulated investment plan and rising customer demand, including an updated electric service agreement with data center operator QTS.
Earnings benefited from rate base increases and weather effects, with an estimated $11 million boost from temperature impacts. Capital spending plans from 2026 to 2029 will allocate $1.06-$1.50 billion annually to renewables and energy storage, while gas projects may peak at $1.52 billion in 2027. The strategy focuses on balancing reliability and decarbonization amid growth from commercial users.
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