Alliant Energy Corporation
4902 North Biltmore Lane
Madison, WI 53718-2148
FOR IMMEDIATE RELEASE
Scott Reigstad (608) 458-3145
Susan Gille (608) 458-3956
ALLIANT ENERGY ANNOUNCES 2015 RESULTS
Affirms 2016 earnings guidance, updates forecasted 2016-2019 capital expenditures
MADISON, Wis. - February 22, 2016 - Alliant Energy Corporation (NYSE: LNT) today announced U.S. generally accepted accounting principles (GAAP) and non-GAAP consolidated unaudited earnings per share (EPS) from continuing operations for 2015 and 2014 as follows:
Adjusted (non-GAAP) EPS
GAAP EPS from
from Continuing Operations
Utilities, ATC and Corporate Services
Non-regulated and Parent
Alliant Energy Consolidated
“In 2015, we once again delivered solid financial and operational results,” said Patricia Kampling, Alliant Energy Chairman, President and CEO. “Consistent with our long-term earnings growth goal, our temperature normalized non-GAAP earnings per share increased by 5% over calendar year 2014. We will continue to balance operational and financial discipline, cost impact to customers and capital investments while striving to achieve our projected earnings growth rate of 5-7%.”
Utilities, ATC and Corporate Services - Alliant Energy’s Utilities, American Transmission Company LLC (ATC) and Alliant Energy Corporate Services, Inc. (Corporate Services) operations generated $3.43 per share of non-GAAP EPS from continuing operations in 2015, which was $0.08 per share higher than 2014. The primary drivers of higher EPS were lower retail electric customer billing credits in 2015 and Duane Arnold Energy Center (DAEC) purchase power capacity charges at Interstate Power and Light Company (IPL) in 2014, and lower energy efficiency cost recovery amortizations at Wisconsin Power and Light Company (WPL). Higher year-over-year EPS was partially offset by higher electric transmission service expense at WPL, lower sales due to milder temperatures, and higher depreciation, interest expense, and employee benefits-related expense.
Non-regulated and Parent - Alliant Energy’s Non-regulated and Parent operations generated $0.06 per share of non-GAAP EPS from continuing operations in 2015, which was $0.07 per share lower than 2014. The primary driver of lower EPS was lower transportation earnings.
Earnings Adjustments - Non-GAAP EPS for 2015 excludes $0.07 per share of losses on sales of IPL’s Minnesota electric and gas distribution assets and $0.04 per share of voluntary employee separation charges. Non-GAAP adjustments, which relate to material charges or income that are not normally associated with ongoing operations, are provided as a supplement to results reported in accordance with GAAP.
Temperature Normalized Non-GAAP EPS - Alliant Energy’s estimate of temperature normalized non-GAAP EPS from continuing operations for fiscal year 2015 is $3.57. This estimate is calculated by adding $0.08 per share, which represents Alliant Energy’s estimate of the negative per share impact of temperatures in 2015 on electric and gas margins, to Alliant Energy’s non-GAAP EPS from continuing operations of $3.49, as shown in the table above. The comparable estimate of Alliant Energy’s temperature normalized non-GAAP EPS from continuing operations for fiscal year 2014 is $3.39 per share. The 2014 estimate is calculated by subtracting $0.09 per share, which represents Alliant Energy’s estimate of the positive per share impact of temperatures in 2014 on electric and gas margins, from Alliant Energy’s non-GAAP EPS from continuing operations of $3.48, as shown in the table above.
The following information was filed by Alliant Energy Corp (LNT) on Tuesday, February 23, 2016 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.