Alliant Energy Maintains Earnings Outlook Amid Rising Data Center Demand
Alliant Energy reaffirmed its full-year earnings guidance for 2026 despite a slight decline in second-quarter GAAP earnings. The utility attributed the ongoing performance to infrastructure investments and growing electricity demand, particularly from data centers. Second-quarter results showed $0.65 per diluted share compared to $0.68 in the prior year, with revenue rising slightly to $971 million. The company remains on track for its 2026 earnings guidance of $3.36–$3.46 per share and expects continued demand from large customers through 2031. CEO Lisa Barton highlighted progress in data center developments, which are expected to support future growth across the Midwest. Alliant Energy is investing heavily in grid infrastructure and energy storage as part of its strategy to meet rising electricity needs driven by AI and electrification trends.
Tickers: $LNT
Topics: data centers electricity demand infrastructure investment regulated utilities