LNT
Alliant Energy Corporation
LNT's fundamentals are weak: free cash flow was negative and its operating margin fell 2 points to 23%, though revenue grew 5.4%. Its PE isn't a useful guide right now because of how its recent earnings were reported.
LNT Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Weak | |
| Weak |
LNT's profitability is currently healthy, and its revenue is stable, but its cash flow and balance sheet are weak.
LNT PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 19x | $68.10 | -6.8% |
| Current | 20x | $73.05 | — |
| Fair | 21x | $75.98 | +4% |
| Forward | 21x | $73.05 | — |
| Expensive | 23x | $83.96 | +15% |
Historical ranges are pointers, not guarantees.
LNT's PE is 20x, but its earnings don't support one, so it isn't a reliable read right now.
LNT Forward outlook
| Metric | Outlook |
|---|---|
| Stable | |
| Growth | |
| Strong growth | |
| Strongly weakening | |
| Limited | |
| Low |
Analysts expect earnings and revenue growth for LNT, but weaker profitability. However, they disagree widely on these estimates.
LNT Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $3.49 | -2.4% |
| Q3 2026 | $3.58 | +13% |
| Q2 2026 | $3.15 | -2.8% |
| Q1 2026 | $3.18 | +9.7% |
| Q4 2025 | $3.14 | +17% |
| Q3 2025 | $3.18 | +23% |
| Q2 2025 | $3.24 | +32% |
| Q1 2025 | $2.90 | +5.5% |
| Q4 2024 | $2.69 | -3.2% |
LNT earned $3.58 per share over the past year, up 13% from the year before. Its recent earnings include one-off gains.
LNT Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $1.3B | +6.2% |
| Q2 2026 | $971M | +1% |
| Q1 2026 | $1.2B | +5% |
| Q4 2025 | $1.1B | +9% |
| Q3 2025 | $1.2B | +12% |
| Q2 2025 | $961M | +7.5% |
| Q1 2025 | $1.1B | +9.4% |
| Q4 2024 | $976M | +1.6% |
LNT's revenue has grown year over year for nine quarters in a row: $1.3B last quarter, up 6.2% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 30% | +1.4 points |
| Q2 2026 | 19% | -4.1 points |
| Q1 2026 | 21% | -1.8 points |
| Q4 2025 | 19% | -4.1 points |
| Q3 2025 | 29% | -0.1 points |
| Q2 2025 | 23% | +8.7 points |
| Q1 2025 | 23% | +1.3 points |
| Q4 2024 | 23% | +3.6 points |
LNT's operating margin was 30% last quarter, up 1.4 points from the same quarter a year ago, near the top of its range since 2019.
LNT Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$302M | -$199M |
| Q2 2026 | -$458M | -$279M |
| Q1 2026 | $26M | +$331M |
| Q4 2025 | -$521M | -$3M |
| Q3 2025 | -$103M | -$44M |
| Q2 2025 | -$179M | -$42M |
| Q1 2025 | -$305M | -$134M |
| Q4 2024 | -$518M | -$233M |
LNT has burned cash in almost every quarter: −$1.3B over the past year, against −$1.1B the year before.
LNT Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | +100K shares |
| 1 year | +1.2% | +3.2M shares |
| 3 years | +2.8% | +7.2M shares |
| 5 years | +4.1% | +10.2M shares |
| Available history | +9.2% | +22M shares |
LNT has 261M diluted shares, up 1.2% from a year ago.
LNT Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 6.8x | High |
| Q2 2026 | 6.3x | High |
| Q1 2026 | 6.3x | High |
| Q4 2025 | 6.2x | High |
| Q3 2025 | 6.2x | High |
| Q2 2025 | 6.2x | High |
| Q1 2025 | 6.6x | High |
| Q4 2024 | 6.2x | High |
LNT's net debt is about 6.8 years of its operating earnings (EBITDA), up from 6.2 years a year ago.
LNT Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 58.6 | Neutral |
| Stochastic | 78.5 | Neutral |
LNT's weekly RSI is 59 (neutral) and its Stochastic is 78 (neutral).
LNT PE vs Utilities Sector
| Metric | LNT | Sector median | Relative |
|---|---|---|---|
| PE | 20x | 20x | Same PE |
| PE % | 36 | 44 | 8 pts below |
LNT is trading at 20x earnings, in line with the Utilities sector's median of 20x, though its earnings don't support one.
LNT Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $68.6 | 6.4% above |
| 20 week MA | $70.0 | 4.3% above |
| 50 week MA | $70.1 | 4.2% above |
| 100 week MA | $66.7 | 9.6% above |
| 200 week MA | $59.8 | 22% above |
LNT is in an uptrend: it's above all five of its weekly moving averages, and 22% above its 200-week average.
LNT Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $54.3 | $50.0 | -7.9% |
| 2021 | $50.0 | $59.6 | +19% |
| 2022 | $59.6 | $55.3 | -7.1% |
| 2023 | $55.3 | $51.3 | -7.2% |
| 2024 | $51.3 | $59.5 | +16% |
| 2025 | $59.5 | $65.2 | +9.6% |
| 2026 YTD | $65.2 | $73.1 | +12% |
LNT has finished lower in three of the last six years. It's up 12% so far in 2026.