Filing Flows › Alliant Energy (LNT) › Q2 2026 › vs Q1 2026
Alliant Energy (LNT) Q2 2026 vs Q1 2026 (quarter over quarter)
Alliant Energy's revenue fell $213M (-18%) from $1.2B in Q1 2026 to $971M in Q2 2026. The biggest changes: WPL −$130M (-22%); IPL −$86.0M (-15%); Non-Utility and Other +$3.0M (+13%). Operating margin 19.1% against 21.0% (-2.0 pts).
Alliant Energy, Q2 2026: revenue $971M (+1% year over year), operating margin 19.1%, net earnings $170M, operating cash flow $113M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Operating margin | 19.1% | 21.0% | -2.0 pts |
| Net margin | 17.5% | 18.9% | -1.4 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| IPL | $475M | $561M | −$86.0M | -15% |
| WPL | $470M | $600M | −$130M | -22% |
| Non-Utility and Other | $26.0M | $23.0M | $3.0M | +13% |
| Revenue | $971M | $1.2B | −$213M | -18% |
| Operating profit | $185M | $249M | −$64.0M | -26% |
| Costs & expenses | $786M | $935M | −$149M | -16% |
| Pre-tax earnings | $118M | $163M | −$45.0M | -28% |
| Other expense, net | $67.0M | $86.0M | −$19.0M | -22% |
| Cost of revenue | $155M | $159M | −$4.0M | -3% |
| Other operating costs | $631M | $776M | −$145M | -19% |
| Income tax benefit | $52.0M | $61.0M | −$9.0M | -15% |
| Net earnings | $170M | $224M | −$54.0M | -24% |
| Operating cash sources | $400M | $453M | −$53.0M | -12% |
| Depreciation & amortization | $220M | $223M | −$3.0M | -1% |
| Share-based compensation | $10.0M | $6.0M | $4.0M | +67% |
| Working capital & other | $287M | $85.0M | $202M | +238% |
| Operating cash flow | $113M | $368M | −$255M | -69% |
| Capital expenditures | $571M | $342M | $229M | +67% |
| Negative free cash flow (OCF − capex) | $458M | −$26.0M | $484M | — |
Questions
How much did Alliant Energy's revenue grow quarter over quarter in Q2 2026?
Alliant Energy's revenue fell $213M (-18%) from $1.2B in Q1 2026 to $971M in Q2 2026.
What drove Alliant Energy's revenue change in Q2 2026?
WPL −$130M (-22%); IPL −$86.0M (-15%); Non-Utility and Other +$3.0M (+13%).