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.
Total revenues increased slightly from $1,077 million to $1,081 million. While electric utility revenue grew marginally, gas utility revenue declined, offsetting the gains. This suggests potential headwinds or seasonal variations impacting gas revenue.
Net income attributable to Alliant Energy common shareowners increased from $259 million to $295 million. This increase indicates improved profitability, potentially driven by cost management or other operational efficiencies.
Operating income decreased from $322 million to $313 million. This decline suggests rising operating expenses are outpacing revenue growth, potentially impacting long-term profitability.