Alliant Energy Corporation announced third-quarter 2024 GAAP earnings per share (EPS) of $1.15, an increase from $1.02 in the third quarter of 2023. Non-GAAP EPS also stood at $1.15, up from $1.05 in the prior year period. Consolidated revenue for the quarter was $1.08 billion, remaining flat compared to the third quarter of 2023.
The Utilities and Corporate Services segment reported GAAP EPS of $1.20, an increase of $0.09 per share year-over-year. This improvement was primarily driven by higher revenue requirements from capital investments at Wisconsin Power and Light Company (WPL) and the timing of income taxes, partially offset by increased financing and depreciation expenses, and estimated temperature impacts on retail sales.
Alliant Energy narrowed its 2024 EPS guidance to a range of $2.99 - $3.06 per share and issued 2025 EPS guidance of $3.15 - $3.25 per share. The company also increased its 2025 expected annual common stock dividend target to $2.03 per share, representing a 6% increase from the current annual target of $1.92 per share. Projected capital expenditures for 2024 through 2028 are now $11 billion in aggregate, reflecting ongoing investment in energy resources and infrastructure.
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