Filing Flows › Alliant Energy (LNT) › Q1 2026
Alliant Energy (LNT) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 1, 2026
Alliant Energy (LNT) reported revenue of $1.2B for the first quarter 2026 (Q1 2026), +5% from a year earlier and +11% from the quarter before. Operating margin was 21.0%, net earnings $224M (18.9% of revenue).
Alliant Energy, Q1 2026: revenue $1.2B (+5% year over year), operating margin 21.0%, net earnings $224M, operating cash flow $368M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.2B | +11% | +5% |
| Operating profit | $249M | +26% | -3% |
| Net earnings | $224M | +58% | +5% |
| Operating cash flow | $368M | +37% | +48% |
| Free cash flow | $26.0M | — | — |
What changed
Revenue was $1.2B in Q1 2026, up 5% year over year and up 11% from the previous quarter. WPL was the largest line at 51% of revenue. WPL added $0.05B year over year (up 10%), 96% of the total change. Other Utility declined 85%.
Operating profit was $0.25B, a 21.0% margin (down 1.8 points year over year). Operating profit fell $0.01B even though revenue rose $0.06B versus Q1 2025, so costs grew faster than sales. Total costs grew 7% against revenue growth of 5%. Net earnings were $0.22B, up 5% year over year. The effective tax rate was -37.4%.
Operating cash flow was $0.37B (up 48% year over year), 164% of net earnings. Non-cash charges added back $0.22B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items used $0.09B. Capital expenditures of $0.34B left free cash flow of $0.03B.
Questions
What was Alliant Energy's revenue in the first quarter 2026?
Alliant Energy (LNT) reported revenue of $1.2B for the first quarter 2026 (Q1 2026), +5% from a year earlier and +11% from the quarter before.
Was Alliant Energy profitable in the first quarter 2026?
Operating profit was $249M (21.0% of revenue) and net earnings $224M.
Source: Alliant Energy 10-Q on SEC EDGAR.