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Alliant Energy (LNT) Q3 FY2026 earnings: revenue $1.3 billion, up 6.2% on the year

Alliant Energy Corp. (LNT) reported revenue of $1.3 billion for Q3 FY2026, the quarter ended 30 September 2026, up 6.2% on the same quarter a year earlier. Net income was $398 million, up 41.6% on the year, and diluted earnings per share $1.52. The figures are the company's own, from the 10-Q it filed with the SEC on 30 October 2026.

Revenue$1.3 billionup 6.2%
Net income$398 millionup 41.6%
Diluted EPS$1.52
QuarterQ3 FY2026ended 30 September 2026

What management said

Guidance figures: 3 raised, 1 new, 1 kept.

  • Third-quarter EPS rose to $1.52: Third-quarter GAAP EPS was $1.52 against $1.09 a year earlier. Ongoing EPS was $1.52 against $1.12.
  • Rate base growth lifted earnings: Higher revenue requirements from rate base added $0.05 per share at IPL and $0.12 at WPL, reflecting generation and energy storage investment.
  • 3.4 GW contracted from data centers: The release states IPL and WPL have 3.4 gigawatts of contracted demand from data centers.
Read the earnings call summary

The quarter, against the one before and a year earlier

LineQ3 FY2026Q2 FY2026Q3 FY2025Change on the year
Revenue1,2859711,210+6.2%
Cost of revenue176155166+6.0%
Gross profit1,1098161,044+6.2%
Gross margin86.3%84.0%86.3%
Operating income389185349+11.5%
Operating margin30.3%19.1%28.8%
Interest expense145143128+13.3%
Pre-tax income331118263+25.9%
Income tax-67.0-52.0-18.0n/a
Effective tax rate-20.2%-44.1%-6.8%
Net income398170281+41.6%
Net margin31.0%17.5%23.2%
Diluted EPS$1.52$0.65$1.09+39.4%
$ million except per share.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow and capital returned

LineQ3 FY2026Q2 FY2026Q3 FY2025Change on the year
Operating cash flow428113408+4.9%
Capital expenditure730571511+42.9%
Free cash flow-302-458-103n/a
Free cash flow margin-23.5%-47.2%-8.5%
Cash from investing-743-402-711n/a
Cash from financing316199477-33.8%
Depreciation and amortisation223220211+5.7%
Share-based compensation13.010.06.0+116.7%
Dividends paid139137130+6.9%
Dividend per share$0.54$0.54$0.51+5.4%
Diluted shares, weighted261m261m258m+1.2%
Shares outstanding at period end259m259m257m+0.9%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet at quarter end

LineQ3 FY2026Q2 FY2026Q3 FY2025Change on the year
Shareholders' equity7,8087,5297,307+6.9%
Debt12,56312,11811,921+5.4%
Other liabilities5,5835,6715,399+3.4%
Total liabilities and equity25,95425,31824,627+5.4%
Fixed assets21,60721,05819,813+9.1%
Investments794756939-15.4%
Cash and equivalents26.025.0503-94.8%
Receivables529381485+9.1%
Other assets2,9983,0982,887+3.8%
Total assets25,95425,31824,627+5.4%

Questions

What was Alliant Energy's revenue in Q3 FY2026?

Alliant Energy (LNT) reported revenue of $1.3 billion for Q3 FY2026, the quarter ended 30 September 2026, up 6.2% on the same quarter a year earlier.

How much did Alliant Energy earn in Q3 FY2026?

Net income for Q3 FY2026 was $398 million, up 41.6% on the year, and diluted earnings per share $1.52.

When did Alliant Energy report Q3 FY2026 results?

Alliant Energy filed its 10-Q for the quarter ended 30 September 2026 with the SEC on 30 October 2026.

Quarterly results, the last 20 quarters

Q4 FY2021 *Q1 FY2022Q2 FY2022Q3 FY2022Q4 FY2022 *Q1 FY2023Q2 FY2023Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026Q3 FY2026
Revenue9271,0689431,1351,0591,0779121,0779611,0318941,0819751,1289611,2101,0631,1849711,285
Cost of revenue134138133157145146138154145152147165149158151166150159155176
Gross profit7939308109789149317749238168797479168269708101,0449131,0258161,109
Gross margin86%87%86%86%86%86%85%86%85%85%84%85%85%86%84%86%86%87%84%86%
Operating income132248212309159222217322182222130313221257223349196249185389
Operating margin14%23%22%27%15%21%24%30%19%22%15%29%23%23%23%29%18%21%19%30%
Interest expense71.074.078.083.090.094.096.099.0105107108114120119124128141142143145
Pre-tax income87.020016324110416116026412214854.0233141166131263101163118331
Tax rate-9%4%2%6%-4%-1%0%2%1%-7%-61%-27%-6%-28%-33%-7%-41%-37%-44%-20%
Net income95.019215922710816316025912115887.0295150213174281142224170398
Net margin10%18%17%20%10%15%18%24%13%15%10%27%15%19%18%23%13%19%18%31%
Diluted EPS$0.36$0.77$0.63$0.90$0.43$0.65$0.64$1.02$0.47$0.62$0.34$1.15$0.58$0.83$0.68$1.09$0.55$0.87$0.65$1.52
Operating cash flow10525149.01851.0188123311245307255351254249243408269368113428
Capital expenditure397307243323611417341443n/a478392410772554422511790342571730
Free cash flow-292-56.0-194-138-610-229-218-132n/a-171-137-59.0-518-305-179-103-52126.0-458-302
Dividends paid99.0107108107106113113115115123123123123130131130130137137139
Shares outstanding250m251m251m251m251m251m253m255m256m256m256m257m257m257m257m257m257m258m259m259m
Filing10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

10-Q for the period ended 30 September 2026, filed 30 October 2026: the filing.