$LNT

ALLIANT ENERGY CORP

CIK:0000352541|SEC Filings

Condensed Consolidated Statements Of Income - USD ($) shares in Thousands, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Revenues:
Electric utility	$ 861	$ 851	$ 1,748	$ 1,703
Gas utility	82	76	353	316
Other utility	2	11	5	25
Non-utility	26	23	49	44
Total revenues	971	961	2,155	2,088
Operating expenses:
Electric production fuel and purchased power	132	150	301	325
Electric transmission service	155	151	314	308
Cost of gas sold	37	30	210	167
Other operation and maintenance	209	168	390	327
Depreciation and amortization	220	208	442	420
Taxes other than income taxes	33	31	64	62
Total operating expenses	786	738	1,721	1,609
Operating income	185	223	434	479
Other (income) and deductions:
Interest expense	143	124	285	243
Equity income from unconsolidated investments, net	(43)	(10)	(65)	(23)
Allowance for funds used during construction	(31)	(23)	(61)	(41)
Other	(2)	1	(5)	4
Total other (income) and deductions	67	92	154	183
Income before income taxes	118	131	280	296
Income tax expense (benefit)	(52)	(43)	(114)	(91)
Net income attributable to common shareowners	$ 170	$ 174	$ 394	$ 387
Weighted average number of common shares outstanding:
Basic (in shares)	258,500	256,900	257,900	256,800
Diluted (in shares)	260,900	257,300	259,900	257,300
Earnings per weighted average common share attributable to Alliant Energy common shareowners:
Basic (in dollars per share)	$ 0.66	$ 0.68	$ 1.53	$ 1.51
Diluted (in dollars per share)	$ 0.65	$ 0.68	$ 1.52	$ 1.50
IPL [Member]
Revenues:
Electric utility	$ 431	$ 418	$ 867	$ 848
Gas utility	43	40	166	158
Other utility	1	11	3	24
Total revenues	475	469	1,036	1,030
Operating expenses:
Electric production fuel and purchased power	45	40	110	107
Electric transmission service	98	100	202	207
Cost of gas sold	22	17	96	81
Other operation and maintenance	108	84	195	169
Depreciation and amortization	119	115	239	230
Taxes other than income taxes	16	15	30	29
Total operating expenses	408	371	872	823
Operating income	67	98	164	207
Other (income) and deductions:
Interest expense	57	52	114	99
Allowance for funds used during construction	(21)	(13)	(40)	(22)
Other	(1)	(2)	(3)	(2)
Total other (income) and deductions	35	37	71	75
Income before income taxes	32	61	93	132
Income tax expense (benefit)	(33)	(37)	(66)	(77)
Net income attributable to common shareowners	65	98	159	209
WPL [Member]
Revenues:
Electric utility	430	433	881	855
Gas utility	39	36	187	158
Other utility	1	0	2	1
Total revenues	470	469	1,070	1,014
Operating expenses:
Electric production fuel and purchased power	87	110	191	218
Electric transmission service	57	51	112	101
Cost of gas sold	15	13	114	86
Other operation and maintenance	87	72	169	137
Depreciation and amortization	98	90	198	183
Taxes other than income taxes	16	15	31	29
Total operating expenses	360	351	815	754
Operating income	110	118	255	260
Other (income) and deductions:
Interest expense	49	43	97	86
Allowance for funds used during construction	(10)	(10)	(21)	(19)
Other	(1)	3	(1)	5
Total other (income) and deductions	38	36	75	72
Income before income taxes	72	82	180	188
Income tax expense (benefit)	(6)	(5)	(15)	(10)
Net income attributable to common shareowners	$ 78	$ 87	$ 195	$ 198

Condensed Consolidated Statements Of Cash Flows - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Cash flows from operating activities:
Net income	$ 394	$ 387
Adjustments to reconcile net income to net cash flows from operating activities:
Depreciation and amortization	442	420
Deferred tax expense (benefit) and tax credits	(94)	(100)
Equity income from unconsolidated investments, net	(65)	(23)
Other	34	22
Other changes in assets and liabilities:
Accounts receivable	(183)	(289)
Derivative assets	(55)	(29)
Regulatory liabilities	1	71
Deferred income taxes	87	86
Other	(80)	(53)
Net cash flows from operating activities	481	492
Cash flows from (used for) investing activities:
Utility business construction and acquisition expenditures	(913)	(976)
Other construction and acquisition expenditures	(109)	(89)
Cash receipts on sold receivables	264	198
Other	(37)	(27)
Net cash flows from (used for) investing activities	(795)	(894)
Cash flows from (used for) financing activities:
Common stock dividends	(274)	(261)
Proceeds from issuance of common stock, net	70	12
Proceeds from issuance of long-term debt	0	1,162
Proceeds from issuance of other short-term borrowings	400	0
Payments to retire long-term debt	(1,075)	0
Net change in commercial paper	670	(266)
Other	(8)	3
Net cash flows from (used for) financing activities	(217)	650
Net increase (decrease) in cash, cash equivalents and restricted cash	(531)	248
Cash, cash equivalents and restricted cash at beginning of period	556	81
Cash, cash equivalents and restricted cash at end of period	25	329
Supplemental cash flows information:
Interest	(293)	(239)
Income taxes, net	96	91
Significant non-cash investing and financing activities:
Accrued capital expenditures	279	204
Beneficial interest obtained in exchange for securitized accounts receivable	95	235
Indemnification Agreement [Member] \| Renewable Tax Credits Transferred [Member]
Supplemental cash flows information:
Proceeds from renewable tax credits transferred to other corporate taxpayers	102	97
IPL [Member]
Cash flows from operating activities:
Net income	159	209
Adjustments to reconcile net income to net cash flows from operating activities:
Depreciation and amortization	239	230
Deferred tax expense (benefit) and tax credits	(59)	(59)
Other	(28)	(14)
Other changes in assets and liabilities:
Accounts receivable	(218)	(273)
Derivative assets	(41)	(21)
Regulatory assets	(42)	(47)
Accounts payable	38	7
Deferred income taxes	70	98
Other	22	(22)
Net cash flows from operating activities	140	108
Cash flows from (used for) investing activities:
Utility business construction and acquisition expenditures	(491)	(628)
Cash receipts on sold receivables	264	198
Other	(15)	(11)
Net cash flows from (used for) investing activities	(242)	(441)
Cash flows from (used for) financing activities:
Common stock dividends	(80)	(180)
Capital contributions from parent	150	145
Proceeds from issuance of long-term debt	0	594
Net change in commercial paper	39	(50)
Other	(2)	(1)
Net cash flows from (used for) financing activities	107	508
Net increase (decrease) in cash, cash equivalents and restricted cash	5	175
Cash, cash equivalents and restricted cash at beginning of period	7	29
Cash, cash equivalents and restricted cash at end of period	12	204
Supplemental cash flows information:
Interest	(115)	(97)
Income taxes, net	79	68
Significant non-cash investing and financing activities:
Accrued capital expenditures	137	149
Beneficial interest obtained in exchange for securitized accounts receivable	95	235
IPL [Member] \| Indemnification Agreement [Member] \| Renewable Tax Credits Transferred [Member]
Supplemental cash flows information:
Proceeds from renewable tax credits transferred to other corporate taxpayers	58	73
WPL [Member]
Cash flows from operating activities:
Net income	195	198
Adjustments to reconcile net income to net cash flows from operating activities:
Depreciation and amortization	198	183
Deferred tax expense (benefit) and tax credits	(25)	(43)
Other	3	(4)
Other changes in assets and liabilities:
Accounts receivable	45	(33)
Income Taxes Receivable	(44)	17
Regulatory liabilities	1	65
Other	(18)	(46)
Net cash flows from operating activities	355	337
Cash flows from (used for) investing activities:
Utility business construction and acquisition expenditures	(422)	(348)
Other	(29)	(14)
Net cash flows from (used for) investing activities	(451)	(362)
Cash flows from (used for) financing activities:
Common stock dividends	(109)	(119)
Capital contributions from parent	100	0
Net change in commercial paper	83	109
Other	(3)	(6)
Net cash flows from (used for) financing activities	71	(16)
Net increase (decrease) in cash, cash equivalents and restricted cash	(25)	(41)
Cash, cash equivalents and restricted cash at beginning of period	37	51
Cash, cash equivalents and restricted cash at end of period	12	10
Supplemental cash flows information:
Interest	(97)	(88)
Income taxes, net	(19)	8
Significant non-cash investing and financing activities:
Accrued capital expenditures	129	48
WPL [Member] \| Indemnification Agreement [Member] \| Renewable Tax Credits Transferred [Member]
Supplemental cash flows information:
Proceeds from renewable tax credits transferred to other corporate taxpayers	$ 44	$ 24

Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Jun. 30, 2026	Dec. 31, 2025
Current assets:
Cash and cash equivalents	$ 25	$ 556
Accounts receivable, less allowance for expected credit losses	381	476
Production fuel, at weighted average cost	60	46
Gas stored underground, at weighted average cost	30	49
Materials and supplies, at weighted average cost	208	193
Regulatory assets	172	155
Income taxes receivable	40	12
Other	284	210
Total current assets	1,200	1,697
Property, plant and equipment, net	21,058	20,344
Investments:
ATC Holdings	501	463
Other	255	231
Total investments	756	694
Other assets:
Regulatory assets	2,139	2,119
Deferred charges and other	165	137
Total other assets	2,304	2,256
Total assets	25,318	24,991
Current liabilities:
Current maturities of long-term debt	374	1,074
Commercial paper	708	88
Other short-term borrowings	400	0
Accounts payable	628	498
Accrued interest	116	124
Regulatory liabilities	80	88
Other	268	251
Total current liabilities	2,574	2,123
Long-term debt, net (excluding current portion)	10,636	10,954
Other liabilities:
Deferred tax liabilities	2,360	2,310
Regulatory liabilities	1,049	1,113
Pension and other benefit obligations	157	173
Other	1,013	984
Total other liabilities	4,579	4,580
Commitments and contingencies (Note 12)
Equity:
Common Stock, Shares, Issued	259,284,699	257,137,261
Common equity:
Common stock, par value (in dollars per share)	$ 3	$ 3
Additional paid-in capital	3,174	3,101
Retained earnings	4,363	4,243
Accumulated other comprehensive income (loss)	3	1
Shares in deferred compensation trust - 351,469 and 367,338 shares at a weighted average cost of $40.46 and $39.05 per share	(14)	(14)
Total common equity	7,529	7,334
Total liabilities and equity	25,318	24,991
IPL [Member]
Current assets:
Cash and cash equivalents	12	7
Accounts receivable, less allowance for expected credit losses	117	185
Production fuel, at weighted average cost	25	18
Gas stored underground, at weighted average cost	12	24
Materials and supplies, at weighted average cost	118	111
Regulatory assets	65	59
Other	94	58
Total current assets	443	462
Property, plant and equipment, net	10,808	10,436
Other assets:
Regulatory assets	1,582	1,557
Deferred charges and other	39	40
Total other assets	1,621	1,597
Total assets	12,872	12,495
Current liabilities:
Commercial paper	77	88
Accounts payable	302	232
Accounts payable to associated companies	47	45
Accrued taxes	66	53
Accrued interest	46	47
Regulatory liabilities	34	41
Other	89	80
Total current liabilities	661	586
Long-term debt, net (excluding current portion)	4,732	4,680
Other liabilities:
Deferred tax liabilities	1,314	1,278
Regulatory liabilities	517	545
Pension and other benefit obligations	26	30
Other	549	532
Total other liabilities	2,406	2,385
Commitments and contingencies (Note 12)
Common equity:
Common stock, par value (in dollars per share)	33	33
Additional paid-in capital	3,647	3,497
Retained earnings	1,393	1,314
Total common equity	5,073	4,844
Total liabilities and equity	12,872	12,495
WPL [Member]
Current assets:
Cash and cash equivalents	12	37
Accounts receivable, less allowance for expected credit losses	247	273
Production fuel, at weighted average cost	35	28
Gas stored underground, at weighted average cost	18	25
Materials and supplies, at weighted average cost	88	81
Regulatory assets	107	96
Prepaid gross receipts tax	55	52
Income taxes receivable	45	1
Other	54	58
Total current assets	661	651
Property, plant and equipment, net	9,729	9,363
Other assets:
Regulatory assets	557	562
Deferred charges and other	99	79
Total other assets	656	641
Total assets	11,046	10,655
Current liabilities:
Commercial paper	83	0
Accounts payable	258	197
Accrued interest	45	46
Regulatory liabilities	46	47
Other	105	105
Total current liabilities	537	395
Long-term debt, net (excluding current portion)	3,671	3,669
Other liabilities:
Deferred tax liabilities	881	861
Regulatory liabilities	532	568
Pension and other benefit obligations	68	75
Other	796	712
Total other liabilities	2,277	2,216
Commitments and contingencies (Note 12)
Common equity:
Common stock, par value (in dollars per share)	66	66
Additional paid-in capital	2,713	2,613
Retained earnings	1,782	1,696
Total common equity	4,561	4,375
Total liabilities and equity	$ 11,046	$ 10,655