LNT · 10-Q · 2026Q3 · Full report
Capital Markets Activity
ALLIANT ENERGY CORP · 2026-10-30 · Importance 50 · Surprise 24 · In source text
Alliant Energy reported 18,668,448 shares subject to outstanding forward sale agreements under its 2025 at-the-market offering program, which could be settled for $1.232 billion in cash as of September 30, 2026. The company also reported 6,912,857 shares subject to outstanding forward sale agreements under its 2026 program, with settlement proceeds based on a weighted-average forward price of $72.89 per share, net of commissions. During the nine months ended September 30, 2026, Alliant Energy physically settled 929,759 shares under its 2025 program at a weighted-average price of $63.24 per share and used the proceeds for general corporate purposes, including repayment of commercial paper.
Key facts
- From 2027 through 2030, Alliant Energy expects to issue up to $2.7 billion of common stock in aggregate through ATM programs, its Shareowner Direct Plan and additional future equity offerings; the plan includes approximately $25 million of common stock annually through the Shareowner Direct Plan.
- For the remainder of 2026, Alliant Energy expects to physically settle up to $650 million of outstanding forward sale agreements under its 2025 and/or 2026 ATM programs.
- In March 2026, Alliant Energy established a 2026 at-the-market offering program allowing it to sell up to an aggregate amount of common stock through 2029; proceeds are expected to be used for general corporate purposes.
- At September 30, 2026, Alliant Energy could have settled its outstanding 2025 at-the-market forward sale agreements by delivering 18,668,448 shares for $1.232 billion in cash.
- Alliant Energy completed its use of the remaining capacity under its $1.3 billion 2025 at-the-market offering program in March 2026.
- During the nine months ended September 30, 2026, Alliant Energy settled 2025 at-the-market forward sale agreements by issuing 929,759 shares at a weighted-average forward sale price of $63.24 per share, net of commissions.
- Alliant Energy expected to settle its outstanding 2026 at-the-market forward sale agreements before December 31, 2028, ordinarily through physical delivery of shares for cash, while retaining cash- or net-share-settlement options.
- Alliant Energy expected to settle the remaining 2025 at-the-market offering forward sale agreements in 2026 and 2027, with physical, cash, or net-share settlement options.
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | positive | committed | +4.4% | From 2027 through 2030, Alliant Energy expects to issue up to $2.7 billion of common stock in aggregate through ATM programs, its… |
| cash | positive | committed | +1.1% | For the remainder of 2026, Alliant Energy expects to physically settle up to $650 million of outstanding forward sale agreements under its… |