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Alliant Energy Q1 income flat YOY


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Alliant Energy Q1 income flat YOY

Alliant EnergyCorp.'s first-quarter 2016 net income attributable to shareholdersfrom continuing operations was largely flat year over year at $97.6 million, or86 cents per share, net of tax. The result was also in line with the S&PCapital IQ normalized EPS consensus estimate.

Alliant Energy Chairman, President and CEO Patricia Kamplingsuggested that earnings would have been higher had it not been for warmerweather. "First quarter 2016 temperatures, as measured by heating degreedays, were approximately 10% warmer than normal in our service territoryresulting in $0.05 per share of lower earnings," Kampling said in a May 4statement.

The company's 2016 EPS guidance remains at $3.60 to $3.90. "Withthe exception of the mild weather, results were in-line with our expectationsallowing us to reaffirm our 2016 earnings guidance," Kampling elaborated.

Alliant's utility companies andInterstate Power & Light Co.,business ownership in AmericanTransmission Co. LLC and contribution from yielded $95.4 million, or 84 cents per share, toward first-quarter 2016 netincome.

Alliant Energy reported $843.8 million in first-quarter 2016operating revenues, down from $897.4 million in the same quarter of 2015. Thedrop was led by the gas utility segment which generated $152.2 million inoperating revenues, down from $198.4 million in the opening months of 2015.

The company has scheduled a conference call at 9 a.m. CT onMay 5 to discuss its results.