Exhibit 99.1
alliantenergylogo080320178k.jpg
Alliant Energy Corporation
Corporate Headquarters
4902 North Biltmore Lane
Madison, WI 53718-2148
www.alliantenergy.com
News Release
FOR IMMEDIATE RELEASE
 
Media Contact:
 
Scott Reigstad (608) 458-3145
 
 
Investor Relations:
 
Susan Gille (608) 458-3956

ALLIANT ENERGY ANNOUNCES SECOND QUARTER 2017 RESULTS
Reaffirms 2017 earnings guidance

MADISON, Wis. - August 3, 2017 - Alliant Energy Corporation (NYSE: LNT) today announced results for the three months ended June 30 as follows:
Unaudited earnings per share (EPS) from continuing operations
Three Months
 
2017
 
2016
Utilities, ATC Investment and Corporate Services

$0.40

 

$0.35

Non-regulated and Parent
0.01

 
0.02

Alliant Energy Consolidated

$0.41

 

$0.37


“The second quarter results were in line with our expectations and reflect earnings on our increasing rate base,” said Patricia Kampling, Alliant Energy Chairman, President and CEO. “With the solid earnings to date, we are reaffirming 2017 earnings per share guidance.”

Utilities, ATC Investment and Corporate Services - Alliant Energy’s Utilities, American Transmission Company Investment (ATI) and Alliant Energy Corporate Services, Inc. (Corporate Services) operations generated $0.40 per share of generally accepted accounting principles (GAAP) EPS from continuing operations in the second quarter of 2017, which was $0.05 per share higher than the second quarter of 2016. The primary drivers of higher EPS were higher revenues resulting from Interstate Power and Light Company’s (IPL) interim retail electric base rate increase implemented in April 2017 and Wisconsin Power and Light Company’s (WPL) retail electric and gas base rate increases implemented in January 2017. These items were partially offset by lower EPS caused by higher depreciation expense and higher energy efficiency cost recovery amortization at WPL.

Non-regulated and Parent - Alliant Energy’s Non-regulated and Parent operations generated $0.01 per share of GAAP EPS from continuing operations in the second quarter of 2017, which was a decline of $0.01 per share compared to the second quarter of 2016.

Details regarding GAAP EPS from continuing operations variances between the second quarters of 2017 and 2016 for Alliant Energy are as follows:
 
Q2 2017
 
Q2 2016
 
Variance
Utilities, ATC Investment and Corporate Services:
 
 
 
 
 
Higher margins from IPL interim retail electric base rate increase

$0.05

 

$—

 

$0.05

Higher margins from WPL retail electric and gas base rate increases
0.05

 

 
0.05

Higher depreciation expense
 
 
 
 
(0.03
)
Higher energy efficiency cost recovery amortization at WPL
(0.01
)
 
0.01

 
(0.02
)
Timing of income tax expense, including impacts of tax benefit rider
 
 
 
 
0.02

Estimated temperature impact on retail electric and gas sales

 
0.01

 
(0.01
)
Other
 
 
 
 
(0.01
)
Total Utilities, ATC Investment and Corporate Services
 
 
 
 

$0.05

Non-regulated and Parent:
 
 
 
 
 
Timing of income tax expense, including impacts of tax benefit rider
 
 
 
 

($0.01
)
Total Non-regulated and Parent
 
 
 
 

($0.01
)


1

The following information was filed by Alliant Energy Corp (LNT) on Friday, August 4, 2017 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-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

View differences made from one quarter to another to evaluate Alliant Energy Corp's financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ)
Sample 10-K Year-over-Year (YoY) Comparison

Compare this 10-Q Quarterly Report to its predecessor by reading our highlights to see what text and tables were  removed  ,   added    and   changed   by Alliant Energy Corp.

Continue

Never Miss A New SEC Filing Again


Real-Time SEC Filing Notifications
Screenshot taken from Gmail for a new 10-K Annual Report
Last10K.com Member Feature

Receive an e-mail as soon as a company files an Annual Report, Quarterly Report or has new 8-K corporate news.

Continue

We Highlighted This SEC Filing For You


SEC Filing Sentiment Analysis - Bullish, Bearish, Neutral
Screenshot taken from Wynn's 2018 10-K Annual Report
Last10K.com Member Feature

Read positive and negative remarks made by management in their entirety without having to find them in a 10-K/Q.

Continue

Widen Your SEC Filing Reading Experience


Increased Reading Area for SEC Filings
Screenshot taken from Adobe Inc.'s 10-Q Quarterly Report
Last10K.com Member Feature

Remove data columns and navigations in order to see much more filing content and tables in one view

Continue

Uncover Actionable Information Inside SEC Filings


SEC Filing Disclosures
Screenshot taken from Lumber Liquidators 10-K Annual Report
Last10K.com Member Feature

Read both hidden opportunities and early signs of potential problems without having to find them in a 10-K/Q

Continue

Adobe PDF, Microsoft Word and Excel Downloads


Download Annual and Quarterly Reports as PDF, Word and Excel Documents
Screenshots of actual 10-K and 10-Q SEC Filings in PDF, Word and Excel formats
Last10K.com Member Feature

Export Annual and Quarterly Reports to Adobe PDF, Microsoft Word and Excel for offline viewing, annotations and analysis

Continue

FREE Financial Statements


Download Annual and Quarterly Reports as PDF, Word and Excel Documents
Screenshot of actual balance sheet from company 10-K Annual Report
Last10K.com Member Feature

Get one-click access to balance sheets, income, operations and cash flow statements without having to find them in Annual and Quarterly Reports

Continue for FREE

Intrinsic Value Calculator


Intrinsic Value Calculator
Screenshot of intrinsic value for AT&T (2019)
Last10K.com Member Feature

Our Intrinsic Value calculator estimates what an entire company is worth using up to 10 years of financial ratios to determine if a stock is overvalued or not

Continue

Financial Stability Report


Financial Stability Report
Screenshot of financial stability report for Coco-Cola (2019)
Last10K.com Member Feature

Our Financial Stability reports uses up to 10 years of financial ratios to determine the health of a company's EPS, Dividends, Book Value, Return on Equity, Current Ratio and Debt-to-Equity

Continue

Get a Better Picture of a Company's Performance


Financial Ratios
Available Financial Ratios
Last10K.com Member Feature

See how over 70 Growth, Profitability and Financial Ratios perform over 10 Years

Continue

Log in with your credentials

or    

Forgot your details?

Create Account