What You Need To Know Ahead of Alliant Energy's Earnings Release

Madison, Wisconsin-based Alliant Energy Corporation (LNT) operates as a utility holding company that provides regulated electric and natural gas services in the United States. The company has a market cap of $18.1 billion and operates through IPL and WPL segments. The company's IPL segment primarily engages in generating and distributing electricity and distributing and transporting natural gas to retail customers in select markets in Iowa. 

LNT is expected to release its Q3 2026 earnings on Thursday, October 29, 2026, after the market closes. Ahead of this event, analysts anticipate the company will generate earnings of $1.23 per share, representing an increase of 9.8% from $1.12 per share reported in the same quarter last year. The company has met or surpassed the Street’s bottom-line estimates in two of the past four quarters, while missing on two occasions.

For fiscal 2026, analysts expect the company to report an EPS of $3.43, indicating a 6.5% rise from $3.22 reported in fiscal 2025. Moreover, analysts expect EPS to rise nearly 6.7% year over year (YoY) to $3.66 in fiscal 2027.     

Alliant Energy shares have grown around 1.6% over the past 52 weeks, underperforming the S&P 500 Index’s ($SPX) 13.1% rise but rallying the State Street Utilities Select Sector SPDR ETF’s (XLU) 5.8% fall during the same time frame.   

LNT stock declined 1.5% following the release of its mixed Q2 2026 earnings on July 30. The company’s revenue for the quarter rose nearly 1% from the previous year’s quarter to $971 million. However, its adjusted EPS amounted to $0.65, declining 4.4% YoY and missing the Street’s estimates. For fiscal 2026, the company expects its EPS to be in the range of $3.36 to $3.46. Additionally, LNT is also expanding its energy infrastructure and advancing three data-center projects. 

The consensus opinion on the stock is moderately bullish, with a “Moderate Buy” rating overall. Of the 13 analysts covering the stock, six recommend a “Strong Buy,” one suggests a “Moderate Buy,” and six recommend a “Hold.” LNT’s average analyst price target is $74.04 and offers a 6.3% upside.