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MADISON, Wis. -On Friday, Alliant Energy Corporation (NASDAQ:LNT) reported fourth quarter earnings that topped analyst expectations, while revenue fell short of estimates. The utility company also reaffirmed its full-year 2025 earnings guidance.
Alliant Energy’s stock edged up 0.55% in after-hours trading following the earnings release.
Alliant Energy posted adjusted earnings per share of $0.70 for Q4 2024, exceeding the analyst consensus of $0.68. Revenue came in at $976 million, below the $1.11 billion analysts were expecting.
For the full year 2024, the company reported adjusted earnings of $3.04 per share, up from $2.82 in 2023. Annual revenue declined slightly to $3.98 billion from $4.03 billion the previous year.
"In 2024, we delivered another solid year of financial and operational results," said Lisa Barton, Alliant Energy President and CEO. "We’re pleased to complete 1,500 megawatts of solar generation investments in 2024."
Looking ahead, Alliant Energy reaffirmed its 2025 earnings guidance range of $3.15 to $3.25 per share, in line with the $3.20 analyst consensus.
The company said its 2025 outlook assumes normal temperatures in its service territories, stable economic conditions, and successful execution of its capital expenditure plans, including renewable energy projects.
For Q4, the company reported total utility electric sales of 8,116 thousand megawatt-hours, up from 7,612 thousand in Q4 2023. Gas sales and transportation volumes also increased year-over-year to 44,499 thousand dekatherms from 41,520 thousand.
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