Alliant Energy (LNT) 10-K Summary — Year Ended Dec 31, 2023
Alliant Energy operates as a regulated utility holding company. Its annual revenue decreased in the most recent period, while operating and net income figures were reported at levels that reflect normal operations.
Key takeaway
Year ended Dec 31, 2023 · FY2025 10-K
Alliant Energy operates as a regulated utility holding company. Its annual revenue decreased in the most recent period, while operating and net income figures were reported at levels that reflect normal operations.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$4B
Revenue reported for the fiscal year.
Operating income
$943M
Income from operations reported for the year.
Net income
$703M
Net income reported for the year.
Operating cash flow
$867M
Cash generated by operating activities.
Annual revenue trend
Reported annual revenue and its change from the preceding fiscal year.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Dec 31, 2021 | $3.7B | n/a |
| Dec 31, 2022 | $4.2B | +14.6% |
| Dec 31, 2023 | $4B | -4.2% |
Business overview
Alliant Energy, through its subsidiaries IPL and WPL, owns a portfolio of electric generating units in Iowa, Wisconsin, and Minnesota with a diversified fuel mix including natural gas, renewables, and coal. The filing provides seasonal capacity reserve margin requirements that the company maintains for grid reliability. No other operational details are provided in the supplied sections.
Financial performance
Revenue was reported as roughly four billion, showing a decline from the prior year. Operating income was around nine hundred forty-three million, and net income was approximately seven hundred three million. Operating cash flow was about eight hundred sixty-seven million.
Material risks
The filing references risk factors in Item 1A but does not supply their content. Material risks therefore cannot be identified from the provided text. The company's operations depend on maintaining required capacity reserve margins and fuel supply arrangements.
Liquidity and capital
The filing discusses seasonal capacity reserve margins as part of liquidity and capital resources context, but provides no details on capital allocation, share repurchases, or dividends. No further capital themes are supported.
What to watch
Monitor whether the company maintains its required capacity reserve margins across all future seasonal periods, as detailed in the filing.