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14:00
Jul 31 ◎

LNT FY2026 Q2 Watch

Alliant Energy Corporation (LNT) FY2026 Q2 Earnings Call

GOOGL META LNT QTS ▾

Lisa Barton

Google's data center in Iowa is live and ramping as contracted, indicating continued strong demand for power in Alliant's territory.

"In Cedar Rapids, Iowa, Google has energized their transmission service. They are anticipating ramping in accordance with a contracted load schedule."

GOOGL WATCH

Lisa Barton

Meta's Wisconsin data center is in vertical construction, keeping its planned load ramp on track.

"In Beaver Dam, Wisconsin, META has entered the vertical construction phase with work actively progressing on data center facilities and supporting infrastructure."

META WATCH

Robert Durian

Management is confident in the near-term performance (upper half of guidance) and is signaling a potential raise to the long-term EPS CAGR target from '7%+' to a more specific, higher figure at the next update, driven by data center growth.

"We will continue to assess our long-term earnings growth potential as we execute our data center expansion and update our capital expenditure and financing plans on the third quarter earnings goal."

LNT WATCH

Lisa Barton

QTS's accelerated ramp will increase Alliant's revenues and reduce the need to use tax credits, potentially allowing a longer rate case stay-out.

"QTS continues to make substantial progress on construction of its seven-building data center campus with initial energization of 300 megawatts anticipated later this year."

QTS WATCH

HIGH

14:00
May 01 ◎

LNT FY2026 Q1 Watch

Alliant Energy Corporation (LNT) FY2026 Q1 Earnings Call

GE GTLS LNT ▾

Lisa Barton

Alliant signed an agreement for an up-to-1.1GW simple cycle gas turbine, far exceeding the initial 370MW data center load, suggesting an aggressive build for future load or MISO accreditation requirements. — Indicates strong demand for grid-scale turbines in the US Midwest, a positive signal for turbine manufacturers.

"we've entered into a contract for up to the 1.1 that allows us to be very flexible"

GE WATCH GTLS WATCH

Lisa Barton

Management maintains strong confidence with a +7% EPS CAGR outlook through 2029, driven by executed data center agreements and a robust pipeline, all while reaffirming 2026 guidance.

"based on our current plan, we expect our compound annual earnings growth rate across 2027 through 2029 to be 7% plus"

LNT WATCH

HIGH

15:00
Feb 20 ◎

LNT FY2025 Q4 Watch

Alliant Energy Corporation (LNT) FY2025 Q4 Earnings Call

QTS LNT GEV HUBB VWDRY ▾

Lisa Barton

QTS dropped its Madison, Wisconsin site and moved the load to Iowa, showing its project needs are location-flexible within Alliant's territory but that site-level issues can cause pivots.

"QTS, one of the data center customers we serve, made the decision to relocate its Greater Madison, Wisconsin data center project. After assessing multiple sites within our service area, QTS has selected a new location within our Iowa"

QTS WATCH

Robert Durian

Management affirms 7%+ EPS CAGR for 2027-2029 on the back of strong data center-driven load growth, while reaffirming 2026 guidance, signaling continued momentum despite the QTS relocation.

"We expect our compound annual earnings growth rate across 2027 to 2029 to be consistent with what we shared in November 2025, 7% plus."

LNT WATCH

Robert Durian

Alliant has secured gas turbine reservation agreements for all planned self-developed gas resources, locking in supply early to execute simple-cycle builds quickly. — Confirms turbine slot availability for near-term capacity builds, signaling gas turbine suppliers have lock-step demand into 2026-2027.

"We have secured gas turbine reservation agreements and project locations for all planned self-developed gas resources."

GEV WATCH HUBB WATCH

Lisa Barton

Alliant has proactively safe-harbored renewable/storage projects amid evolving tax legislation, preserving tax credit eligibility and flexibility. — Proactive safe-harboring supports the renewal of federal tax credits, effectively lowering delivered cost of renewables and pulling forward capex eligibility.

"We proactively protected future customer investments by safe harboring planned renewable and energy storage projects amid evolving tax legislation, preserving flexibility."

VWDRY WATCH

HIGH

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