Alliant Energy Corp (LNT) SEC Filing 10-Q Quarterly report for the period ending Saturday, June 30, 2018

Earnings Press Release
10-Q Quarterly Report
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Alliant Energy Corp
Ticker: LNT CIK: 352541

Exhibit 99.1

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 2018 RESULTS

Reaffirms 2018 earnings guidance

MADISON, Wis. - August 2, 2018 - Alliant Energy Corporation (NYSE: LNT) today announced U.S. generally accepted accounting principles (GAAP) consolidated unaudited earnings per share (EPS) from continuing operations for the three months ended June 30 as follows:



	2018			2017
Utilities and Corporate Services		$0.41			$0.37
American Transmission Company (ATC) Holdings	0.03			0.03
Non-utility and Parent	(0.01		)	0.01
Alliant Energy Consolidated		$0.43			$0.41

“The second quarter results reflect higher than expected earnings due to warmer temperatures,” said Patricia Kampling, Alliant Energy Chairman and CEO. “With the solid earnings to date, we are reaffirming 2018 earnings per share guidance.”

Utilities and Corporate Services - Alliant Energy’s Utilities and Alliant Energy Corporate Services, Inc. (Corporate Services) operations generated $0.41 per share of GAAP EPS from continuing operations in the second quarter of 2018, which was $0.04 per share higher than the second quarter of 2017. The primary drivers of higher EPS were higher retail electric sales due to warmer temperatures in the second quarter of 2018 compared to the same period last year, and higher margins due to Interstate Power and Light Company’s (IPL’s) and Wisconsin Power and Light Company’s (WPL’s) increasing rate base. These items were partially offset by higher depreciation expense and the timing of operation and maintenance expenses.

Non-utility and Parent - Alliant Energy’s Non-utility and Parent operations generated ($0.01) per share of GAAP EPS from continuing operations in the second quarter of 2018, which was a decline of $0.02 per share compared to the second quarter of 2017. The primary driver of lower EPS is the timing of income tax expense.

Details regarding GAAP EPS from continuing operations variances between the second quarters of 2018 and 2017 for Alliant Energy are as follows:



	Q2 2018		Q2 2017		Variance
Utilities and Corporate Services:
Estimated temperature impact on retail electric and gas sales		$0.06		$—	$0.06
Higher margins primarily from earning on increasing rate base					0.04
Higher depreciation expense					(0.04		)
Higher operation and maintenance expenses (largely due to the timing of generation expenses)					(0.04		)
Other					0.02
Total Utilities and Corporate Services						$0.04
Non-utility and Parent:
Other (primarily due to the timing of income tax expense)						($0.02	)
Total Non-utility and Parent						($0.02	)

The following information was filed by Alliant Energy Corp (LNT) on Friday, August 3, 2018 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.

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