Alliant Energy Corporation has recently released its 10-K report, providing a comprehensive overview of its financial performance and operational highlights. The company operates as a utility holding company, offering regulated electricity and natural gas services in the United States. Alliant Energy operates in three segments: Utility Electric Operations, Utility Gas Operations, and Utility Other. Through its subsidiaries, including Interstate Power and Light Company (IPL) and Wisconsin Power and Light Company (WPL), the company generates and distributes electricity, distributes and transports natural gas, and serves retail and wholesale customers across various industries.
In its 10-K report, Alliant Energy's ITEM 7. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS provides a detailed overview of the company's financial performance, including net income and earnings per diluted share for the year 2024. The report also outlines the company's mission, purpose, and strategy, emphasizing its commitment to delivering affordable energy solutions and exceptional service to its customers and communities. Alliant Energy's strategic priorities include making customer-focused investments, growing customer demand, and providing affordable energy solutions for its customers.
Key financial highlights from the report include Alliant Energy’s Utilities and Corporate Services net income, which decreased by $2 million in 2024 compared to 2023. The decrease was primarily attributed to various factors, including an asset valuation charge for IPL’s Lansing Generating Station, estimated temperature impacts on retail electric and gas sales, restructuring and voluntary separation charges, and higher depreciation and financing expenses. Additionally, the report details the variances in net income for Alliant Energy, IPL, and WPL, providing insights into the factors contributing to changes in operating income and other income and deductions.
The report also includes a comprehensive summary of electric and gas revenues and sales, outlining the revenues, MWhs and Dths sold for the year 2024 compared to 2023. It provides insights into retail sales, sales for resale, transportation/other sales, and sales trends and temperatures, highlighting the changes in sales volumes and estimated impacts on operating income.
Today the company's shares have moved 1.9% to a price of $62.81. Check out the company's full 10-K submission here.
