Published on 30 Apr 2024 on Zacks via Yahoo Finance

Alliant Energy (LNT) to Report Q1 Earnings: What's in Store?

Alliant Energy LNT is scheduled to release first-quarter 2024 results on May 2, after market close. The company delivered a negative earnings surprise of 12.7% in the last reported quarter.Let’s discuss the factors that are likely to be reflected in the upcoming quarterly results.

Factors to Consider

The first quarter witnessed the start of electricity production from Alliant Energy's largest solar project in Iowa, which has a capacity of 4.5 megawatts (MW). A total of 50 MW of solar project in Iowa came online during the quarter. This is expected to have boosted earnings in the to-be-reported quarter.Retirement of the last coal unit at Lansing is likely to have reduced the operation and maintenance costs of the company.  This must have boosted margins in the first quarter. The company benefits from the economic development in its service territories, which is creating fresh demand.However, the bottom line is likely to have been negatively impacted due to mild temperatures in its service regions. Higher depreciation expenses and financing costs might have also offset some positives.