Madison, Wisconsin-based Alliant Energy Corporation (LNT) is a regulated public utility company. Valued at $16.5 billion by market cap, it currently serves approximately 1 million electric and 430,000 natural gas customers across Iowa and Wisconsin via its subsidiaries Interstate Power & Light and Wisconsin Power & Light. The company operates a diverse energy generation portfolio, including coal, natural gas, wind, solar, hydroelectric, and energy storage, and is progressing toward net-zero greenhouse gas emissions by 2050.
The utility major is expected to announce second-quarter results on Thursday, Aug. 7. Ahead of the event, analysts expect Alliant Energy to report a non-GAAP profit of $0.62 per share, up 8.9% from $0.57 per share reported in the year-ago quarter. The company has surpassed Wall Street’s earnings expectations in three of the past four quarters while missing on another occasion.
