Stocks · Utilities · Regulated Electric

Alliant Energy Corporation LNT

$64.33 +0.97% Close, Oct 2, 2026 · NASDAQ · Market cap $16.61B

Next earnings report: Nov 5, 2026

Scroll or pinch to zoom, drag to move. Daily prices adjusted for splits. Markers: E = earnings (green beat, red miss), S = split, D = dividend.

Three things to know

  1. Net debt is 5.8× EBITDA, a high level of leverage.
  2. The stock is in a downtrend: below its 200-day average, with the 50-day average below the 200-day.
  3. Revenue over the last four quarters was $4.43B, up 6.8% from a year earlier.

PromtFinance scores

Each score is a percentile within the Utilities sector (0–100). Under each score: how the stock ranks in its sector on every component. As of Oct 5, 2026.

Growth31Weak

How fast revenue, earnings and cash flow are growing.

  • Revenue growth (TTM, YoY)Bottom 46%
  • EPS growth (TTM, YoY)Bottom 35%
  • Revenue growth, 3-year CAGRBottom 37%
  • Revenue growth accelerationBottom 44%
Quality11Very weak

Returns on capital, margins, earnings quality and balance-sheet strength.

  • Return on invested capitalBottom 48%
  • Gross marginBottom 38%
  • Operating marginTop 50%
  • Cash conversion (OCF / net income)Bottom 12%
  • Accruals (lower is better)Bottom 13%
  • Net debt / EBITDA (lower is better)Bottom 29%
  • Interest coverBottom 24%
Value22Very weak

How cheap the shares are relative to earnings, cash flow and their own history.

  • Earnings yieldBottom 37%
  • Free-cash-flow yieldTop 37%
  • EBITDA / enterprise valueBottom 20%
  • Sales / enterprise valueBottom 14%
  • P/E vs own 5-year history (lower is better)Bottom 36%
Momentum57Neutral

Strength and persistence of the price trend, including versus the S&P 500.

  • 12-month return excluding last monthTop 41%
  • 6-month returnBottom 43%
  • 1-year return vs S&P 500Top 41%
  • Distance from 52-week highBottom 46%
  • Trend checklist (0–4)Bottom 32%
Revisions67Positive

Earnings surprises and analyst sentiment (estimate-revision history is being collected).

  • Average EPS surprise, last 4 quartersBottom 38%
  • Consecutive EPS beatsTop 20%
  • Share of analysts rating BuyTop 35%
  • Upside to consensus price targetBottom 49%
Stability62Neutral

Low volatility, shallow drawdowns, low market sensitivity and modest leverage.

  • Volatility, 60 days (lower is better)Top 42%
  • Maximum drawdown, 3 yearsTop 27%
  • Beta vs S&P 500 (lower is better)Top 27%
  • Net debt / EBITDA (lower is better)Bottom 29%

What changed

Latest four quarters versus the same period a year earlier (growth: versus one quarter earlier).

MeasureBeforeNow
Revenue growth (YoY)8.3%6.8%↓
EPS growth (YoY)10.0%-2.5%↓
Gross margin42.0%42.0%↑
Operating margin24.5%22.1%↓
FCF margin-30.3%-5.9%↑

Fundamental momentum

MeasureNow (TTM)Year / quarter beforeSector rank
Revenue growth (TTM, YoY)6.8%8.3%↓Bottom 46%
EPS growth (TTM, YoY)-2.5%10.0%↓Bottom 35%
Gross margin42.0%42.0%↑Bottom 38%
Operating margin22.1%24.5%↓Top 50%
Net margin18.4%20.1%↓—
Free-cash-flow margin-5.9%-30.3%↑—
Return on invested capital4.0%—Bottom 48%
Revenue growth, 3-year CAGR1.2%—Bottom 37%

Quality of earnings and balance sheet

Cash conversion (OCF / net income)Above 1× means profits are backed by cash.
1.42×
Accruals (net income − OCF) / assetsLower is better; high accruals can signal weaker earnings quality.
-1.3%
Stock-based compensation / revenueA cost to shareholders through dilution.
0.0%
Receivables growth vs revenue growthReceivables growing much faster than sales can be a warning.
-25.6 pp
Net debt / EBITDABelow 1× is conservative; above 3× is high leverage.
5.84×
Interest cover (operating income / interest)How many times operating profit covers interest.
1.8×

Shareholder returns

Dividend yield (dividends paid, TTM)
3.21%
Net buyback yield (TTM)
-0.56%
Shareholder yield
2.65%
Share count change, 1 year
+1.4%
Share count change, 3-year CAGR
+1.2%

Shareholder yield = dividends + net buybacks over the last four quarters, divided by market cap.

Based on the four quarters through Jun 30, 2026 (filed Jul 31, 2026).

Earnings and expectations

Earnings momentum

Consecutive EPS beats
3
Beats in the last 8 reports
7 of 8
Average EPS surprise, last 4
+3.2%
Average 2-day reaction, last 8
+0.2%
Positive 20 days after report
4 of 8

Analysts

Consensus price target
$77.00
Target vs current price
+19.7%
Analysts with a rating
23
Share rating Buy or Strong Buy
52%
Consensus rating
Buy

How the stock reacted to recent reports

Report dateEPS surprise2 days5 days20 days60 days
Jul 30, 2026+12.3%-1.5%-2.5%-4.3%—
Apr 30, 2026+3.4%+2.0%+0.4%+0.2%+2.7%
Feb 19, 2026+2.4%+0.7%+2.5%+3.2%+4.2%
Nov 6, 2025-5.1%-0.2%+1.9%-1.7%-0.5%
Aug 7, 2025+5.9%+0.5%-0.6%-1.6%+3.3%
May 8, 2025+21.0%-1.1%-2.2%-2.4%+7.3%
Feb 20, 2025+2.8%-0.0%+3.8%+3.0%+0.1%
Oct 31, 2024+4.5%+1.2%-3.8%+7.3%-1.2%

Returns from the close before each report. Past reactions do not determine future ones.

Earnings history

Report dateEPSEstimateSurpriseRevenue
Jul 30, 2026$0.65$0.58+12.3%$971.0M
Apr 30, 2026$0.82$0.79+3.4%$1.18B
Feb 19, 2026$0.60$0.59+2.4%$1.06B
Nov 6, 2025$1.12$1.18-5.1%$1.21B
Aug 7, 2025$0.68$0.64+5.9%$961.0M
May 8, 2025$0.83$0.69+21.0%$1.13B
Feb 20, 2025$0.70$0.68+2.8%$976.0M
Oct 31, 2024$1.15$1.10+4.5%$1.08B

Valuation in context

MultipleNow5-year median5-year percentileSector rank (cheapness)
P/E (trailing)20.4×21.7×33thBottom 37%
P/E (forward)18.8×———
EV / EBITDA13.9×——Bottom 20%
EV / Sales6.48×——Bottom 14%
Free-cash-flow yield-1.56%——Top 37%
Earnings yield4.91%——Bottom 37%

P/E over the past five years

Range 17.4× – 24.4× since Jun 30, 2021. Each point: price on the filing date divided by trailing-twelve-month EPS known then.

What moved the stock over the past year

Price return, 1 year
-4.1%
Earnings per share growth (TTM)
-2.5%
Change in P/E multiple
+10.6%

Most of the move came from a change in the valuation multiple.

Technical state

Trend checklist

  • ✗ Price above 20-day average
  • ✗ Price above 50-day average
  • ✗ Price above 200-day average
  • ✗ 50-day average above 200-day
  • ✓ MACD histogram positive

Trend quality

Days above the 50-day average
0
Days above the 200-day average
0
50-day average slope (20 days)
-5.7%
200-day average slope (20 days)
-0.2%
Distance from 50-day average
-5.6%
Distance from 200-day average
-8.5%
RSI (14)
39.2
Relative volume
2.00×

Risk and drawdowns

Volatility, 60 days (annualized)
16.4%
Volatility vs own 5-year history
19th percentile · Low for this stock
Beta vs S&P 500 (2 years, weekly)
0.09
Correlation with S&P 500
0.07
Current drawdown from 1-year high
-17.6%
Maximum drawdown, 3 years
-19.0%

Largest declines in the past six years

From peakTo lowDeclineLengthRecovery
Apr 6, 2022Oct 2, 2023-29.0%373 days354 days (Mar 3, 2025)
Nov 11, 2020Feb 26, 2021-19.6%72 days36 days (Apr 20, 2021)
Jul 2, 2026Sep 28, 2026-19.0%60 daysNot yet recovered
Aug 20, 2021Oct 11, 2021-12.1%35 days117 days (Mar 29, 2022)
Mar 3, 2025Apr 8, 2025-11.0%26 days80 days (Aug 4, 2025)

Declines of 10% or more from a closing high, measured on daily closes.

Financial statements

Market cap
$16.61B
P/E (TTM)
20.4
EPS, diluted (TTM)
$3.16
Revenue (TTM)
$4.43B
Dividend yield
3.28%
52-week range
$62.54 – $78.81
FY 2021FY 2022FY 2023FY 2024FY 2025
Revenue$3.67B$4.21B$4.03B$3.98B$4.36B
Gross profit$1.56B$1.71B$1.73B$1.78B$1.75B
Operating income$795.0M$928.0M$943.0M$886.0M$1.02B
Net income$674.0M$686.0M$703.0M$690.0M$810.0M
EPS (diluted)$2.63$2.73$2.78$2.69$3.14
Q3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026
Revenue$1.08B$976.0M$1.13B$961.0M$1.21B$1.06B$1.18B$971.0M
Net income$295.0M$150.0M$213.0M$174.0M$281.0M$142.0M$224.0M$170.0M
EPS (diluted)$1.15$0.58$0.83$0.68$1.09$0.55$0.87$0.65
FY 2021FY 2022FY 2023FY 2024FY 2025
Operating cash flow$582.0M$486.0M$867.0M$1.17B$1.17B
Capital expenditure-$1.17B-$1.48B-$1.85B-$2.25B-$2.48B
Free cash flow-$587.0M-$998.0M-$987.0M-$1.08B-$1.31B
Dividends paid-$403.0M-$428.0M-$456.0M-$492.0M-$521.0M
Net share buybacks-$172.0M$25.0M$246.0M$23.0M$23.0M

Cash outflows are shown as negative numbers.

Cash and short-term investments
$25.0M
Total assets
$25.32B
Total liabilities
$17.79B
Total debt
$12.12B
Net debt
$12.09B
Shareholders’ equity
$7.53B

As of Jun 30, 2026 (filed Jul 31, 2026).

Dividends

Ex-dateAmountPaid
Jul 31, 2026$0.54Aug 17, 2026
Apr 30, 2026$0.54May 15, 2026
Jan 30, 2026$0.54Feb 17, 2026
Oct 31, 2025$0.51Nov 17, 2025
Jul 31, 2025$0.51Aug 15, 2025
Apr 30, 2025$0.51May 15, 2025
Jan 31, 2025$0.51Feb 18, 2025
Oct 31, 2024$0.48Nov 15, 2024

Short interest

Shares sold short
25,496,901
Days to cover
12.73
Change vs previous report
+2.9%

FINRA short interest, settlement date Sep 15, 2026.

Stock splits

May 20, 2016
2-for-1
Sep 26, 1988
2-for-1