Alliant Energy Corporation LNT

Competitive advantage analysis · utilities

Regulated Utilities
Overall moat score
56/100
Moderate

About Alliant Energy Corporation

Alliant Energy Corporation operates as a utility holding company that provides regulated electric and natural gas services in the United States. It operates through IPL and WPL segments. The company's IPL segment engages primarily in the generation and distribution of electricity and the distribution and transportation of natural gas to retail customers in select markets in Iowa. This segment also … Full LNT analysis →

Competitive advantage assessment

Key strengths

  • Strong Regulated Margins Regulated margin level is strong (score 0.74), indicating favourable rate-case outcomes.
  • Earning the Allowed ROE Return on equity is strong vs peers (score 0.68), suggesting rate-base growth is translating into earnings.

Key risks

  • Interest Coverage Below Peers Interest coverage is weak (score 0.24), which may pressure credit ratings.
  • Thin Dividend Coverage Operating cash generation is weak (score 0.27), which may pressure dividend coverage.

The dashed ring is the peer median. Defense scores are percentile ranks against peers, so 50 is roughly the typical company in this group.

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Regulatory Franchise

Strong
87

Where LNT ranks in Utilities - Regulated Electric

Alliant Energy Corporation ranks #15 of 40 scored companies in Utilities - Regulated Electric by moat score — the top 38%. The widest moat in the group is MGE Energy Inc. (MGEE) at 73/100.

Moat scores for companies ranked near LNT in Utilities - Regulated Electric
# Company Moat score Rating
11 NextEra Energy, Inc. NEE 59/100 Moderate
12 Avangrid, Inc. AGR 58/100 Moderate
13 IDACORP, Inc. IDA 57/100 Moderate
14 Enel Chile S.A. ENIC 57/100 Moderate
15 Alliant Energy Corporation LNT 56/100 Moderate
16 Public Service Enterprise Group PEG 56/100 Moderate
17 OGE Energy Corp OGE 55/100 Moderate
18 Southern Company (The) SO 55/100 Moderate
19 Entergy Corporation ETR 55/100 Moderate

See every Regulated Utilities company ranked by moat score →

How LNT scores on the Regulated Utilities defenses

Regulatory Franchise

Score 87 · 25% of the moat score

The franchise is the moat, granted rather than earned: an exclusive right to serve a territory in exchange for regulated prices and an obligation to supply.

Rate-Base Return Quality

Score 74 · 20% of the moat score

A utility earns an allowed return on the capital invested in its network, the rate base.

Dividend Sustainability

Score 35 · 18% of the moat score

Utilities are owned largely for income, and the dividend is only as safe as the operating cash flow behind it.

Capital Structure Discipline

Score 22 · 17% of the moat score

Regulated utilities carry more debt than almost any other sector, which suits how predictable their revenue is but makes credit quality a core competitive asset.

Operational Efficiency

Score 46 · 12% of the moat score

Efficiency is unusually consequential under regulation.

Essential Service Resilience

Score 48 · 8% of the moat score

Electricity, gas and water are bought in a recession at close to the volume bought in an expansion, which is why utility revenue barely tracks the economic cycle.

How each Regulated Utilities defense is measured, in full →

Understanding LNT's moat

What is Alliant Energy Corporation's moat score?

Alliant Energy Corporation (LNT) scores 56 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as moderate. It ranks #15 of 40 scored companies in Utilities - Regulated Electric, the top 38%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 46 companies in Utilities - Regulated Electric. Its strongest defense is Regulatory Franchise (87/100) and its weakest is Capital Structure Discipline (22/100).

How does Alliant Energy Corporation compare with other Utilities - Regulated Electric companies?

Alliant Energy Corporation ranks #15 of 40 scored companies in Utilities - Regulated Electric by moat score. The widest moat in Utilities - Regulated Electric is MGE Energy Inc. (MGEE) at 73/100. The companies ranked closest are Enel Chile S.A. (ENIC) at 57 just above it and Public Service Enterprise Group (PEG) at 56 just below it.

How is the moat score calculated?

Each company is scored with an industry-specific template — Regulated Utilities in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 46 companies in Utilities - Regulated Electric. The defenses are then weighted to produce the overall score out of 100.

Why is Alliant Energy Corporation scored with the Regulated Utilities template?

A regulated utility is a legal monopoly whose prices are set by a regulator rather than by a market. It cannot raise prices at will and it cannot be undercut, so most of the usual questions about competitive advantage barely apply. What matters is the quality of the regulatory bargain: whether the company earns the return it is allowed, funds its capital programme cheaply, and sustains the dividend investors own it for.

Which competitive defenses are measured for Alliant Energy Corporation?

The Regulated Utilities template measures 6 defenses, and LNT scores: Regulatory Franchise (87), Rate-Base Return Quality (74), Dividend Sustainability (35), Capital Structure Discipline (22), Operational Efficiency (46), Essential Service Resilience (48). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.

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