ALLIANT ENERGY CORP

For the period ended Mar 31, 2026. Filed May 1, 2026.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2026 · Filed May 1, 2026

LNT$73.24-0.3%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits

Contents

Wisconsin Power and Light Company

	For the Three Months
	Ended March 31,
	2026	2025
(in millions)
Revenues:
Electric utility	$451	$423
Gas utility	149	122
Other	—	1
Total revenues	600	546
Operating expenses:
Electric production fuel and purchased power	104	108
Electric transmission service	55	50
Cost of gas sold	99	72
Other operation and maintenance	82	67
Depreciation and amortization	100	93
Taxes other than income taxes	15	14
Total operating expenses	455	404
Operating income	145	142
Other (income) and deductions:
Interest expense	48	43
Allowance for funds used during construction	(11)	(9)
Other	(1)	3
Total other (income) and deductions	36	37
Income before income taxes	109	105
Income tax benefit	(8)	(5)
Net income	$117	$110

Earnings per share data is not disclosed given Alliant Energy Corporation is the sole shareowner of all shares of WPL’s common stock outstanding during the periods presented.

	March 31,2026	December 31,2025
(in millions, except pershare and share amounts)
ASSETS
Current assets:
Cash and cash equivalents	$99	$37
Accounts receivable, less allowance for expected credit losses	250	273
Production fuel, at weighted average cost	32	28
Gas stored underground, at weighted average cost	12	25
Materials and supplies, at weighted average cost	82	81
Regulatory assets	101	96
Prepaid gross receipts tax	39	52
Other	49	59
Total current assets	664	651
Property, plant and equipment, net	9,474	9,363
Other assets:
Regulatory assets	569	562
Deferred charges and other	80	79
Total other assets	649	641
Total assets	$10,787	$10,655

LIABILITIES AND EQUITY
Current liabilities:
Accounts payable	$223	$197
Accrued interest	46	46
Regulatory liabilities	50	47
Other	102	105
Total current liabilities	421	395
Long-term debt, net	3,670	3,669
Other liabilities:
Deferred tax liabilities	887	861
Regulatory liabilities	557	568
Pension and other benefit obligations	72	75
Other	718	712
Total other liabilities	2,234	2,216
Commitments and contingencies (Note 12)
Equity:
Wisconsin Power and Light Company common equity:
Common stock - $5 par value - 18,000,000 shares authorized; 13,236,601 shares outstanding	66	66
Additional paid-in capital	2,638	2,613
Retained earnings	1,758	1,696
Total Wisconsin Power and Light Company common equity	4,462	4,375
Total liabilities and equity	$10,787	$10,655

	For the Three Months
	Ended March 31,
	2026	2025
(in millions)
Cash flows from operating activities:
Net income	$117	$110
Adjustments to reconcile net income to net cash flows from operating activities:
Depreciation and amortization	100	93
Other	(19)	(22)
Other changes in assets and liabilities:
Accounts payable	(25)	(24)
Regulatory liabilities	4	37
Deferred income taxes (a)	24	(24)
Other	38	20
Net cash flows from operating activities	239	190
Cash flows used for investing activities:
Construction and acquisition expenditures	(144)	(178)
Other	(5)	(7)
Net cash flows used for investing activities	(149)	(185)
Cash flows used for financing activities:
Common stock dividends	(55)	(75)
Capital contributions from parent	25	—
Net change in commercial paper	—	29
Other	2	1
Net cash flows used for financing activities	(28)	(45)
Net increase (decrease) in cash, cash equivalents and restricted cash	62	(40)
Cash, cash equivalents and restricted cash at beginning of period	37	51
Cash, cash equivalents and restricted cash at end of period	$99	$11
Supplemental cash flows information:
Cash (paid) received during the period for:
Interest	($48)	($47)
Income taxes, net (a)	$43	$—
Significant non-cash investing and financing activities:
Accrued capital expenditures	$123	$56

(a)2026 includes $43 million of proceeds from renewable tax credits transferred to other corporate taxpayers.

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.