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Companies / Utilities / Alliant Energy
LNT

Alliant Energy

UtilitiesElectric, Gas & WaterS&P 500
Ticker LNTMADISON, WIFiscal year ends DecemberBook value per share $28.97Diluted shares 259.9M

Alliant Energy Corporation (Nasdaq: LNT) is a regulated investor-owned utility holding company focused primarily on providing electric and natural gas service in the Midwest through its public utility subsidiaries, Interstate Power and Light Company (IPL) and Wisconsin Power and Light Company (WPL). IPL generates and… From the company’s description.

In fiscal 2025, Alliant Energy reported revenue of $4.36B, up 9.6% from fiscal 2024, and net income of $810.00M. Its operating margin was 23.5%, and operations generated $1.17B in cash. Over the twelve months to Jun 30, 2026, revenue was $4.43B.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$4.36BFY2025
+9.6% year over year
Last 12 mo $4.43B
23.50%FY2025
+1.2 percentage points
Last 12 mo 22.13%
$810.00MFY2025
+17.4% year over year
Last 12 mo $817.00M
11.04%FY2025
+0.2 percentage points
Cash & financing
$1.17BFY2025
+0.2% year over year
Last 12 mo $1.16B
$-1.31BFY2025
−21.4% year over year
Last 12 mo $-1.28B
1.65FY2025
Was 1.49× a year earlier
Last 12 mo 1.61
257.8MFY2025
+0.4% year over year
Last 12 mo 259.9M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Alliant Energy does

In the company’s own words

Alliant Energy Corporation (Nasdaq: LNT) is a regulated investor-owned utility holding company focused primarily on providing electric and natural gas service in the Midwest through its public utility subsidiaries, Interstate Power and Light Company (IPL) and Wisconsin Power and Light Company (WPL). IPL generates and distributes electricity and distributes and transports natural gas to retail customers in Iowa, while WPL provides those services in Wisconsin; both also sell electricity to wholesale customers. Their retail customers include households, businesses and customers in industries such as agriculture, manufacturing, chemicals, pipeline transportation, packaging, food and data centers. Alliant Energy reports IPL and WPL as its two utility segments, alongside corporate services and non-utility holdings organized under Alliant Energy Finance. Those holdings include a transmission investment, a non-utility wind farm, a leased natural-gas generating facility, supply-chain services and development-ready industrial sites. At December 31, 2025, the company served approximately 1.01 million electric customers and 435,000 natural gas customers, and had 2,948 employees. Its website is www.alliantenergy.com.

Company details
Sector
Utilities
Industry (SIC)
Electric, Gas & Water
Headquarters
MADISON, WI
Fiscal year end
December
CIK
352541
SIC
4931

Financial performance, year by year

Fiscal 2013–2025 · USD
$-442.90M$885.80M$2.21B$3.54B$4.87B2013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Alliant Energy — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

664
funds hold it
0 of 35
superinvestors hold it
$9.98B
held by funds, at market
51.2%
of shares held by funds
28
bond issues held by funds

Largest fund holders · Alliant Energy’s weight in each

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.03%of fund net assets
Janus Henderson Enterprise Fund
JAENX · Janus Investment Fund
2.36%of fund net assets
VANGUARD 500 INDEX FUND
VOO · VANGUARD INDEX FUNDS
0.03%of fund net assets
Victory Sycamore Established Value Fund
VETAX · Victory Portfolios
2.10%of fund net assets
1.39%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Alliant Energy’s bonds, as funds hold them

Funds report holding 28 issues of Alliant Energy’s debt, $1.27B at market value — what funds hold, not the company’s total debt. Weighted-average coupon 4.50%, maturing 2027 to 2056.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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  • “How do Alliant Energy and its peers compare on margins and cash generation over ten years?”
  • “Where did five years of Alliant Energy's earnings go — cash, debt, buybacks, reinvestment?”
  • “What changed in Alliant Energy's last four quarterly filings that the numbers alone won't show?”
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