ALLIANT ENERGY CORP（LNT）の決算・業績分析
ALLIANT ENERGY CORPの2025年有価証券報告書をAI分析。売上高$4.4B(+9.6%)。営業利益$1.0B。Utilities。
目次
ALLIANT ENERGY CORPの2025年度 業績サマリー
ALLIANT ENERGY CORP（証券コード: LNT）の2025年度決算・業績分析。売上高は$4.4B（前年比+9.6%）。営業利益は$1.0B（前年比+15.7%）。純利益は$810M（前年比+17.4%）。有価証券報告書を基に、業績変化の要因・リスク・見通し・セグメント構成を AI が分析しました。
ALLIANT ENERGY CORPの2024年度 注目ポイント
※ 直近の2025年度XBRLデータは取込済みですが、AI分析は2024年度の10-Kを対象としています。
- Revenue grew 14.6% YoY to $4.2B (XBRL), driven by utility services and non-utility holdings.
- Operating income increased 16.7% YoY to $928M (XBRL), with operating margin expanding to 22.1%.
- Free cash flow turned negative at $447M (XBRL), reflecting heavy capital expenditures and dividend payments.
- Net debt rose to $8.2B (5.1x EBITDA) (XBRL), highlighting leverage risks despite stable equity growth.
ALLIANT ENERGY CORPの売上高変化の要因
- •Revenue grew to $4.2B (XBRL), up 14.6% YoY, with a 5-year CAGR of 2.6% (XBRL). Historical data shows consistent growth from $3.5B (FY2020) to $4.2B (FY2024). Operating income increased 16.7% YoY to $928M (XBRL), outpacing the 6.3% 5-year CAGR (XBRL). Growth drivers include utility service expansion and non-utility holdings (AEF). No segment-specific revenue data is available (XBRL).
ALLIANT ENERGY CORPの営業利益変化の要因
- •Operating margin expanded to 22.1% (XBRL), up from prior years, while net margin remained stable at 16.3% (XBRL). EBITDA reached $1.6B (38.0% of revenue) (XBRL), reflecting efficient cost management. Operating income grew 16.7% YoY (XBRL), but net income increased only 1.8% YoY to $686M (XBRL), likely due to rising debt servicing costs. Gross profit is not disclosed (XBRL).
ALLIANT ENERGY CORPの事業リスクと対応
Regulatory rate-setting risks: Uncertainty in recovering costs and earning authorized returns due to regulatory decisions (10-K).
MISO resource adequacy requirements: Compliance with seasonal capacity planning rules may increase costs or require new resources (10-K).
Renewable energy competition: Third-party providers may bypass utilities, harming competitive position (10-K).
Project approval delays: Regulatory hurdles may delay projects or cause asset impairments (10-K).
Cost recovery limitations: Restrictions on recovering capital expenditures or deferring costs between rate reviews (10-K).
ALLIANT ENERGY CORPの事業内容
Alliant Energy operates as a regulated utility holding company, serving ~1 million electric and 430,000 natural gas customers in Iowa and Wisconsin (10-K). Revenue is generated through regulated utility services (IPL/WPL), wholesale electricity sales, and non-utility holdings like wind farms (AEF) (10-K). Key segments include regulated electric/natural gas operations, corporate services, and non-utility investments in renewable energy and logistics (10-K). The company employs 2,998 total employees, with no significant customer concentration (10-K). Competitive advantages include long-term customer relationships, regulated infrastructure, and diversified non-utility assets (10-K).
ALLIANT ENERGY CORPのAI業績分析レポート（2024年度）
ALLIANT ENERGY CORP (LNT) FY2024 Annual Report Analysis
Highlights
Business Overview
Alliant Energy operates as a regulated utility holding company, serving ~1 million electric and 430,000 natural gas customers in Iowa and Wisconsin (10-K). Revenue is generated through regulated utility services (IPL/WPL), wholesale electricity sales, and non-utility holdings like wind farms (AEF) (10-K). Key segments include regulated electric/natural gas operations, corporate services, and non-utility investments in renewable energy and logistics (10-K). The company employs 2,998 total employees, with no significant customer concentration (10-K). Competitive advantages include long-term customer relationships, regulated infrastructure, and diversified non-utility assets (10-K).
Revenue Analysis
Revenue grew to $4.2B (XBRL), up 14.6% YoY, with a 5-year CAGR of 2.6% (XBRL). Historical data shows consistent growth from $3.5B (FY2020) to $4.2B (FY2024). Operating income increased 16.7% YoY to $928M (XBRL), outpacing the 6.3% 5-year CAGR (XBRL). Growth drivers include utility service expansion and non-utility holdings (AEF). No segment-specific revenue data is available (XBRL).
Profitability Analysis
Operating margin expanded to 22.1% (XBRL), up from prior years, while net margin remained stable at 16.3% (XBRL). EBITDA reached $1.6B (38.0% of revenue) (XBRL), reflecting efficient cost management. Operating income grew 16.7% YoY (XBRL), but net income increased only 1.8% YoY to $686M (XBRL), likely due to rising debt servicing costs. Gross profit is not disclosed (XBRL).
Balance Sheet Analysis
Equity rose to $6.8B (XBRL), with an equity ratio of 33.6% (XBRL). Total assets grew to $20.2B (XBRL), but liquidity remains weak with a current ratio of 0.55x (XBRL). ROE is 10.1% (XBRL), and ROA is 3.4% (XBRL). Net debt of $8.2B (5.1x EBITDA) (XBRL) highlights leverage risks, despite $62M in cash (XBRL).
Cash Flow Analysis
Operating cash flow was $486M (XBRL), but free cash flow was negative at $447M (XBRL) due to $933M in investing outflows (XBRL). Financing cash flow totaled $431M (XBRL), driven by $428M in dividends paid (XBRL). Capital expenditures (D&A) reached $671M (XBRL), reflecting infrastructure investments.
Working Capital Analysis
Receivables days were 41 (XBRL), while payables days were 389 (XBRL), indicating strong supplier terms. Asset turnover was 0.21x (XBRL), suggesting underutilized assets. Cash conversion cycle data is not available (XBRL).
Risks
Outlook
N/A. The 10-K does not provide forward-looking guidance or specific outlook details (10-K).
Historical Time Series
| Metric | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|
| Revenue | 3.5B | 3.6B | 3.4B | 3.7B | 4.2B | 4.0B |
| Operating Income | 694M | 778M | 740M | 795M | 928M | 943M |
| Net Income | 522M | 567M | 624M | 674M | 686M | 703M |
| Total Assets | 15.4B | 16.7B | 17.7B | 18.6B | 20.2B | 21.2B |
| Total Equity | 5.2B | 5.7B | 6.0B | 6.3B | 6.8B | 7.0B |
| Operating Cash Flow | 528M | 660M | 501M | 582M | 486M | 867M |
Utilitiesの企業一覧
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