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How Alliant Energy (LNT) makes money
Alliant Energy (LNT) made $1.3B of revenue in the third quarter 2026 (Q3 2026), +6% from a year earlier. IPL brought in $664M (52%); WPL brought in $595M (46%); Non-Utility and Other brought in $26.0M (2%). Of every dollar of revenue, 30¢ was left as operating profit, 31¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q3 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| IPL | $664M | 51.7% | — | +3% |
| WPL | $595M | 46.3% | — | +10% |
| Non-Utility and Other | $26.0M | 2.0% | — | +13% |
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $1.3B | 100.0% |
| Operating profit | $389M | 30.3% |
| Net earnings | $398M | 31.0% |
| Operating cash flow | $428M | 33.3% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $1.3B | +6% |
| Q2 2026 | $971M | +1% |
| Q1 2026 | $1.2B | +5% |
| Q4 2025 | $1.1B | +9% |
| Q3 2025 | $1.2B | +12% |
| Q2 2025 | $961M | +8% |
| Q1 2025 | $1.1B | +9% |
From Alliant Energy's 10-Q filed Oct 30, 2026 (on EDGAR).
Questions
How does Alliant Energy make money?
Alliant Energy (LNT) made $1.3B of revenue in the third quarter 2026 (Q3 2026), +6% from a year earlier. IPL brought in $664M (52%); WPL brought in $595M (46%); Non-Utility and Other brought in $26.0M (2%). Of every dollar of revenue, 30¢ was left as operating profit, 31¢ was left as net earnings.
What is Alliant Energy's biggest business?
IPL: $664M in the third quarter 2026, 52% of revenue, +3% from a year earlier.
What is Alliant Energy's profit margin?
Net earnings were $398M, 31.0% of revenue, in the third quarter 2026; the operating margin was 30.3%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.