← Who reports today · Utilities
LNT · Q2 2026
Archived report (Q2 2026). Latest deep dive →
The quarter in brief
Revenue grew 1.0% y/y to $971M, operating margin 19.1% vs 23.2%, net income $170M (−2.3% y/y).
Net income attributable to Alliant Energy common shareowners
$170M
down 2.3% y/y
Total revenues
$971M
up 1.0% y/y
Operating income
$185M
down 17.0% y/y
All figures in $M.
| Line item | Amount and change |
|---|---|
| Total revenues | $971 · +1.0% |
| Cost of gas sold | $37 · +23.3% |
| Electric production fuel and purchased power | $132 · −12.0% |
| Electric transmission service | $155 · +2.6% |
| Energy efficiency costs | $17 · +70.0% |
| Non-utility Travero | $17 · +13.3% |
| Other | $175 · +22.4% |
| Depreciation and amortization | $220 · +5.8% |
| Taxes other than income taxes | $33 · +6.5% |
| Operating income | $185 · −17.0% · 19.1% margin |
| Interest expense | $143 · +15.3% |
| Equity income from unconsolidated investments, net | $43 · +330% |
| Allowance for funds used during construction | $31 · +34.8% |
| Other | $2 · vs −$1 |
| Income before income taxes | $118 · −9.9% |
| Income Tax Benefit | $52 |
| Net income attributable to Alliant Energy common shareowners | $170 · −2.3% · $0.65/sh · 17.5% margin |
Verdict: revenue grew 1.0% y/y to $971M, operating margin 19.1% vs 23.2%, net income $170M (−2.3% y/y).
Alliant reaffirmed its 2026 ongoing earnings guidance range of $3.36 - $3.46 per share, trending in the upper half of the range.
Source and notation
Source: Alliant Energy press release, 8-K EX-99.1 of 07/31/2026 (SEC EDGAR). Every figure was matched against the income statement in the release and checked against SEC XBRL.
Open as an image: LNT, Q2 2026 (PNG) ↗ · for sharing and presentations · free to reuse, CC BY 4.0
Cite / embed this chart
Free to use in articles, research and social posts with credit to Who Reports Today and a link — licensed under CC BY 4.0 (terms).
Chart: “LNT Q2 2026: where the revenue went” by Who Reports Today, https://whoreportstoday.com/t/lnt/q2-2026. Licensed under CC BY 4.0.
<figure> <a href="https://whoreportstoday.com/t/lnt/q2-2026"><img src="https://whoreportstoday.com/t/lnt/q2-2026/sankey.png" alt="LNT Q2 2026: where the revenue went" loading="lazy" style="max-width:100%;height:auto"></a> <figcaption>Source: <a href="https://whoreportstoday.com/t/lnt/q2-2026">Who Reports Today</a>, licensed under <a href="https://creativecommons.org/licenses/by/4.0/">CC BY 4.0</a></figcaption> </figure>
https://whoreportstoday.com/t/lnt/q2-2026/sankey.png
<a href="https://whoreportstoday.com/t/lnt/q2-2026">LNT Q2 2026 earnings chart (Who Reports Today)</a>
This is an archived report: the image at this link won’t change. If you change the chart (crop, translate), say so in the credit. Company logos and trademarks are not covered by the license.
- Second quarter GAAP earnings per share were $0.65 compared to $0.68 for the second quarter of 2025.
- Operating income was $185M, a 19.1% margin vs 23.2% a year earlier.
- Diluted EPS was $0.65 vs $0.68 a year earlier.
What distorts the picture in this report and what to watch beyond the headlines.
LNT — a regulated utility holding company that generates and distributes electricity and distributes natural gas to homes, businesses and industry in the U.S. Midwest.
It earns money mainly from rates approved by regulators and reports two segments, its utilities Interstate Power and Light (IPL), serving Iowa, and Wisconsin Power and Light (WPL), serving Wisconsin; smaller non-utility holdings are reported separately. · Source: annual report (Form 10-K, SEC)
More reports: NEE · Q3 2026 · NI · Q2 2026 · NRG · Q2 2026 · PCG · Q3 2026 · PEG · Q2 2026 · PNW · Q2 2026 · PPL · Q2 2026 · SO · Q2 2026 · SRE · Q2 2026 · VST · Q2 2026 · all reports