Alliant Energy (LNT) FY2025 10-K Annual Report
Alliant Energy (LNT) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Feb 20, 2026. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.
Alliant Energy FY2025 10-K Analysis
Business Overview
- • Core business: Regulated electric and natural gas utility serving Midwest retail customers via IPL and WPL
- • New emphasis: Exit of IPL’s steam business post-2025; continued focus on renewable energy projects with 400 MW solar placed in service 2024
- • Strategic shift: Advancing generation mix with renewable additions, energy storage, natural gas, and coal-to-gas conversions to meet demand and environmental compliance
- • Quantitative highlight: Total employees 2,948 as of Dec 31, 2025, with 58% covered by collective bargaining agreements
- • Noteworthy fact: EPA finalized rescinding 2009 GHG finding in Feb 2026 affecting regulation scope, and delayed key regulations pending 2026 rulings
Management Discussion & Analysis
- • Revenue $3.697B in 2025, up $325M YoY from $3.372B, driven by higher electric utility revenues (+$333M) and gas utility revenues (+$60M)
- • Utilities and Corporate Services net income $875M, EPS $3.39 in 2025 vs $722M, EPS $2.81 in 2024; consolidated net income $810M, EPS $3.14 vs $690M, EPS $2.69
- • Best performing segment IPL net income improved $95M YoY; worst segment Non-utility and Parent net income down $34M YoY due to asset valuation and higher financing expense
- • No specific cash flow numbers given; capital allocation includes plans for $2.4B common stock issuance (2026-2029), $500M long-term debt by IPL, $300M by WPL in 2026; 5% dividend increase to $2.14/share annualized in 2026
- • Management expects higher revenues and electric sales in 2026 driven by load growth, new data centers; anticipates increased O&M, depreciation, interest expense; risks include regulatory approvals and debt financings
Risk Factors
- • Compliance risk with NERC Critical Infrastructure Protection and DHS Transportation Security Administration cybersecurity standards
- • Cybersecurity threat from evolving risks potentially impacting operations despite layered defenses and annual third-party NIST framework assessments
- • Supply chain exposure to third-party vendors with access to IT systems monitored via ERM and cybersecurity audits, with high-risk vendors under continuous review
- • Cyber liability insurance coverage up to undisclosed limits to mitigate financial impact of cybersecurity incidents
- • Dependence on Senior VP and CIO with 40 years IT experience for cybersecurity program leadership and Board reporting
Alliant Energy FY2025 Key Financial MetricsXBRL
Revenue
$4.4B
▲ +9.6% YoY
Net Income
$810M
▲ +17.4% YoY
Operating Margin
23.5%
▲ +124bp YoY
Net Margin
18.6%
▲ +124bp YoY
ROE
11.0%
▲ +119bp YoY
Total Assets
$25.0B
▲ +10.0% YoY
EPS (Diluted)
$3.14
▲ +16.7% YoY
Operating Cash Flow
$1.2B
▲ +0.2% YoY
Source: XBRL data from Alliant Energy FY2025 10-K filing on SEC EDGAR. All figures in USD.
Get deeper insights on Alliant Energy
Access full AI analysis, insider trading data, fund holdings, and cross-signal detection on SignalX.