Alliant Energy stock gets 2027 EPS outlook after Q3 earnings

Alliant Energy reported stronger third-quarter earnings on Thursday, October 29, 2026, and set its 2027 outlook. In a Business Wire release, the utility said GAAP earnings per share reached USD 1.52 for the three months ended September 30, compared with USD 1.09 a year earlier.

Guidance and investment plan

Alliant Energy narrowed its 2026 ongoing EPS guidance to USD 3.41 to USD 3.46 from a previous range of USD 3.36 to USD 3.46. For 2027, management issued ongoing EPS guidance of USD 3.63 to USD 3.73 and set an annual common dividend target of USD 2.25 per share, above the current USD 2.14 target.

The company raised its projected 2027-2030 capital expenditures to USD 15.9 billion as its utilities prepare for higher electricity demand. Interstate Power and Light and Wisconsin Power and Light have 3.4 gigawatts of contracted data-center demand, while Alliant Energy expects peak demand to increase by about 60 percent by 2031.

What investors should watch

For the first nine months of 2026, ongoing EPS was USD 2.99, up from USD 2.62 in the prior-year period. Alliant Energy attributed the quarter's operating improvement to income-tax timing, higher revenue requirements from a larger rate base, stronger equity earnings, allowance for funds used during construction and higher retail electric sales.

Higher labor, maintenance, financing and depreciation costs offset part of those gains. The company said the income-tax timing benefit will reverse by year-end. Its ongoing figures exclude certain state income-tax apportionment effects, so investors should distinguish the adjusted measure from GAAP earnings.

Alliant Energy stock traded at 64.68 euros on Lang & Schwarz at 19:12 CEST on Friday, October 30, 2026. Investors can follow the real-time quote of Alliant Energy stock.

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