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 SECOND QUARTER 2019 RESULTS
Reaffirms 2019 earnings guidance

MADISON, Wis. - August 1, 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 June 30 as follows:
 
2019
 
2018
Utilities and Corporate Services

$0.38

 

$0.41

American Transmission Company (ATC) Holdings
0.03

 
0.03

Non-utility and Parent
(0.01
)
 
(0.01
)
Alliant Energy Consolidated

$0.40

 

$0.43


“Our results reflect that our continued investments in cleaner energy are delivering tangible benefits to our customers,” said John Larsen, Alliant Energy Chairman, President and CEO. “With continued focus on cost management, and higher year-to-date sales due to temperatures, we are forecasting 2019 earnings toward the top half of our 2019 earnings guidance range.”

Utilities and Corporate Services - Alliant Energy’s Utilities and Alliant Energy Corporate Services, Inc. (Corporate Services) operations generated $0.38 per share of GAAP EPS in the second quarter of 2019, which was $0.03 per share lower than the second quarter of 2018. The primary drivers of lower EPS were lower retail electric sales due to cooler temperatures in the second quarter 2019 compared to the same period last year, higher depreciation expense, and timing of income tax expense. These items were partially offset by higher margins due to Interstate Power and Light Company’s (IPL’s) and Wisconsin Power and Light Company’s (WPL’s) increasing rate base.

Details regarding GAAP EPS variances between the second quarters of 2019 and 2018 for Alliant Energy are as follows:
 
Q2 2019
 
Q2 2018
 
Variance
Utilities and Corporate Services:
 
 
 
 
 
Higher revenue requirements primarily due to increasing rate base
 
 
 
 

$0.17

Estimated temperature impact on retail electric and gas sales

($0.02
)
 

$0.06

 
(0.08
)
Higher depreciation expense
 
 
 
 
(0.05
)
Timing of income tax expense
 
 
 
 
(0.04
)
Equity dilution
 
 
 
 
(0.01
)
Other
 
 
 
 
(0.02
)
Total Utilities and Corporate Services
 
 
 
 

($0.03
)
Non-utility and Parent:
 
 
 
 
 
Higher interest expense
 
 
 
 

($0.02
)
Other
 
 
 
 
0.02

Total Non-utility and Parent
 
 
 
 

$—



1

The following information was filed by Alliant Energy Corp (LNT) on Friday, August 2, 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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