Alliant Energy CORP: directors' dealings · United States · SEC (Form 4)

About Alliant Energy CORP

Alliant Energy Corp. (ticker: LNT) is a U.S.-listed utility company traded on NASDAQ in the United States. Its business is centered on regulated electric and natural gas service, primarily across Iowa and Wisconsin. For French-, Belgian- and Swiss-based investors, this is a classic defensive utility profile: relatively stable cash generation, limited end-market cyclicality, and earnings that are driven less by commodity exposure than by regulatory outcomes, capital investment execution, and growth in the regulated rate base. The company has a long operating history in the American Midwest, built through the combination of regional utility businesses over time and unified under the Alliant Energy brand. Its headquarters are in Madison, Wisconsin, which anchors the group’s management and regulatory footprint. Alliant Energy’s core wholly owned subsidiaries are Interstate Power and Light Company (IPL) and Wisconsin Power and Light Company (WPL). Together, they serve more than 1 million electric customers and about 435,000 natural gas customers, making the group an essential infrastructure provider in its service territories. Operationally, Alliant Energy’s model is straightforward but capital intensive. The company provides regulated electricity and gas distribution, operates generation assets, and continues to invest in grid reliability, energy storage, and other infrastructure needed to support customer demand. That demand is increasingly shaped by industrial development and data-center expansion, which can translate into long-duration contracted load and support future rate-base growth. For equity analysts, this is important because regulated investment typically underpins earnings visibility and long-term value creation for U.S. utilities. In its competitive landscape, Alliant Energy holds strong local positions in its core territories, where it benefits from established customer relationships, a familiar regulatory framework, and the strategic importance of delivering reliable power and gas service. Its main products and services are electricity, natural gas, and related utility services such as network maintenance, service reliability, and support for commercial and industrial customers. While it is not a nationwide utility, its regional concentration can be an advantage when execution is strong and regulatory relationships are constructive. Recent developments point to an active investment cycle. In early 2026, Alliant Energy reported solid 2025 results, including improved ongoing earnings and reaffirmed 2026 guidance. Management also highlighted momentum from data-center-related growth and new electric service agreements. In December 2025, the company announced approval for a 720-MW Bobcat Energy Center project in Iowa, reinforcing its strategy of expanding capacity and modernizing its generation mix. Overall, Alliant Energy remains a mid-sized, regulated U.S. utility with a clear Midwest franchise, a disciplined investment profile, and ongoing growth tied to infrastructure spending and customer demand expansion.