Exhibit 99.1
alliantenergylogo.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 FIRST QUARTER 2019 RESULTS
Reaffirms 2019 earnings guidance

MADISON, Wis. - May 2, 2019 - Alliant Energy Corporation (NASDAQ: LNT) today announced U.S. generally accepted accounting principles (GAAP) consolidated unaudited earnings per share (EPS) for the three months ended March 31 as follows:
 
2019
 
2018
Utilities and Corporate Services

$0.52

 

$0.45

American Transmission Company (ATC) Holdings
0.03

 
0.03

Non-utility and Parent
(0.02
)
 
0.04

Alliant Energy Consolidated

$0.53

 

$0.52


“Our first quarter results were in line with our expectations, with an additional benefit of $0.05 per share from the cold temperatures we experienced. Therefore, I am reaffirming our 2019 earnings guidance range, with a midpoint of $2.24 per share,” said Patricia Kampling, Alliant Energy Chairman and CEO. “In March, we achieved a milestone accelerating our progress toward a cleaner energy future by placing in service 470 megawatts of new wind energy.”

Utilities and Corporate Services - Alliant Energy’s Utilities and Alliant Energy Corporate Services, Inc. (Corporate Services) operations generated $0.52 per share of GAAP EPS in the first quarter of 2019, which was $0.07 per share higher than the first quarter of 2018. The primary drivers of higher EPS were higher margins due to Interstate Power and Light Company’s (IPL’s) and Wisconsin Power and Light Company’s (WPL’s) increasing rate base and higher retail electric and gas sales due to colder temperatures in the first quarter of 2019 compared to the same period last year. These items were partially offset by higher depreciation expense.

Non-utility and Parent - Alliant Energy’s Non-utility and Parent operations generated ($0.02) per share of GAAP EPS in the first quarter of 2019, which was a $0.06 per share earnings decrease compared to the first quarter of 2018. The primary drivers of lower EPS are higher interest expense and lower equity income from the wind farm in Oklahoma due to accelerated earnings in the first quarter of 2018 as a result of Tax Reform, which is expected to reverse over time.

Details regarding GAAP EPS variances between the first quarters of 2019 and 2018 for Alliant Energy are as follows:
 
Q1 2019
 
Q1 2018
 
Variance
Utilities and Corporate Services:
 
 
 
 
 
Higher margins primarily from earning on increasing rate base
 
 
 
 

$0.09

Estimated temperature impact on retail electric and gas sales

$0.05

 

$0.01

 
0.04

Higher depreciation expense
 
 
 
 
(0.05
)
Equity dilution
 
 
 
 
(0.01
)
Total Utilities and Corporate Services
 
 
 
 

$0.07

Non-utility and Parent:
 
 
 
 
 
Higher interest expense
 
 
 
 

($0.02
)
Other (primarily due to the timing of the impacts of Tax Reform in 2018)
 
 
 
 
(0.04
)
Total Non-utility and Parent
 
 
 
 

($0.06
)


1

The following information was filed by Alliant Energy Corp (LNT) on Friday, May 3, 2019 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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