ALLETE misses top-line and bottom-line estimates; initiates FY24 outlook [Seeking Alpha]
Allete, Inc. (ALE)
Last allete, inc. earnings: 2/13 06:30 am
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US:NYSE Investor Relations:
investor.allete.com/investor-relations
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Source: Seeking Alpha
"Our updated five-year capital expenditure plan of $4.3 billion reflects the tremendous growth opportunities at Minnesota Power. We've added approximately $1 billion to our previous plan, reflecting the significant investments in regulated renewable and transmission projects necessary to advance a clean-energy future and meet state carbon-free energy goals. By building on our successful strategic initiatives of 2023 and 2024 and refining our capex plan, we project that ALLETE will achieve our annual growth objective of 5 percent to 7 percent commencing in 2025, through our forecast period of 2028 and beyond. " Initiated its 2024 earnings guidance range of $3.60 to $3.90 per share vs. consensus of $ 4.07 on net income of $210 million to $225 million. This guidance range is comprised of our Regulated Operations segment earnings within a range of $2.65 to $2.85 per share, and ALLETE Clean Energy and Corporate and Other operations earnings within a range of $0.95 to $1.05 per share.
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News
- CPP Investments and GIP to take Allete private in $6.2bn deal [Yahoo! Finance]Yahoo! Finance
- Shareholder Alert: Ademi LLP investigates whether ALLETE, Inc. has obtained a Fair Price in its Going Private Transaction with CPP Investments and Global Infrastructure PartnersPR Newswire
- SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates ALE, PRFT, CHX, HRTGlobeNewswire
- ALERT: Rowley Law PLLC is Investigating Proposed Acquisition of ALLETE, Inc.PR Newswire
- STOCKHOLDER INVESTIGATION: The M&A Class Action Firm Announces An Investigation of ALLETE, Inc. - ALEPR Newswire
ALE
Earnings
- 2/20/24 - Miss
ALE
Sec Filings
- 5/6/24 - Form DEFA14A
- 5/6/24 - Form DEFA14A
- 5/6/24 - Form 8-K
- ALE's page on the SEC website