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LNT Nasdaq· Alliant Energy Corporation
Earnings report Q4 2023

Alliant Energy Reports Increase in Revenue for Latest Quarter

Segments of revenue

Alliant Energy, a leading energy company, reported a total revenue of $3.34 billion for the latest quarter. The company's revenue can be broken down into different segments as follows:

  • Retail: Alliant Energy's retail segment generated $3.01 billion in revenue, representing a slight increase compared to the previous year. This growth can be attributed to higher sales volume in both electric and gas utilities.

  • Sales for resale: The sales for resale segment contributed $213 million to the company's revenue, showing a stable performance compared to the previous year. This segment includes wholesale and bulk power sales.

  • Transportation/Other: Alliant Energy's transportation/other segment generated $53 million in revenue, indicating a consistent performance. This segment includes revenue from transportation services and other miscellaneous sources.

Strengths

Alliant Energy demonstrated strength in its retail segment, with an increase in revenue driven by higher sales volume. The company's ability to effectively serve its retail customers and meet their energy needs contributed to this positive performance. Additionally, the stable revenue from the sales for resale segment indicates a strong market presence and consistent demand for Alliant Energy's wholesale and bulk power offerings.

Challenges

While Alliant Energy reported overall revenue growth, the company faced challenges in its gas utility segment. The revenue from the gas utility segment decreased by $102 million compared to the previous year. This decline can be attributed to various factors such as changes in gas prices, market conditions, and customer demand. Alliant Energy will need to closely monitor and address these challenges to ensure sustained growth in this segment.

Noteworthy

It is noteworthy that Alliant Energy's total revenue increased by $178 million compared to the previous year. This growth can be attributed to the positive performance in the retail segment, which offset the decline in the gas utility segment. The company's ability to adapt to changing market conditions and effectively manage its retail operations contributed to this overall positive performance.

Summary

Alliant Energy reported a strong overall performance in terms of revenue for the latest quarter. The company's retail segment showed growth, driven by higher sales volume, while the sales for resale segment remained stable. However, the gas utility segment faced challenges, resulting in a decrease in revenue. Alliant Energy's ability to effectively serve its retail customers and navigate market conditions contributed to its positive performance. The company should continue to address challenges in the gas utility segment to ensure sustained growth. Overall, Alliant Energy's revenue performance reflects its position as a leading energy company in the market.

Source documents

Form 10-K  filed on Feb 16, 2024
125 pages scanned

Reference data

Company financials Q4 revenue 961M
Analyst estimates Q4 EPS missed by -48.31%
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