Sector: Utilities|Industry: Utilities - Regulated Electric|Market Cap: $14.79B|Employees: 3.3K
Alliant Energy is a regulated investor-owned public utility holding company focused on providing electricity and natural gas services in the Midwest. The company's primary revenue streams come from its two public utility subsidiaries, Interstate Power and Light Company (IPL) and Wisconsin Power and Light Company (WPL), which serve approximately 1 million electric and 425,000 natural gas customers. Alliant Energy also has a non-utility segment that includes investments in transmission, renewable energy, and supply chain solutions.
Net income attributable to Alliant Energy common shareowners increased from $686 million in 2022 to $703 million in 2023. This reflects a modest improvement in overall profitability.
Electric utility revenues accounted for $3,345 million of the total $4,027 million in revenues for 2023, highlighting the importance of this segment to Alliant Energy's financial performance.
Gas utility revenues decreased from $642 million in 2022 to $540 million in 2023, primarily due to changes in temperatures.