ALLETE, Inc. reports first quarter 2024 earnings
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
Company Research
Source: Business Wire
DULUTH, Minn.--(BUSINESS WIRE)--ALLETE, Inc. (NYSE: ALE) today reported first quarter 2024 earnings of 88 cents per share on net income of $50.7 million. Last year’s first quarter results were $1.02 per share on net income of $58.2 million. Net income in 2024 includes interim rate refund reserves of 7 cents per share due to Minnesota Power’s rate case settlement, a 6 cent per share negative impact due to warmer winter weather, and 2 cents per share of transaction expenses related to the recently announced merger.“I am proud of our entire ALLETE team, working diligently on many fronts to execute our Sustainability in Action strategy. We are pleased that Minnesota Power worked collaboratively to reach a balanced resolution to settle the current rate case with all intervening parties, which is subject to approval by the Minnesota Public Utilities Commission,” said ALLETE Chair, President, and Chief Executive Officer Bethany Owen. “In addition, Minnesota Power’s requests for proposals
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News
- World's largest asset manager behind Duluth energy company Allete's $6.2B sale [Yahoo! Finance]Yahoo! Finance
- ALLETE, Inc. (NYSE: ALE) had its price target raised by analysts at Mizuho from $57.00 to $67.00. They now have a "neutral" rating on the stock.MarketBeat
- ALLETE, Inc. (NYSE: ALE) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- Lifshitz Law PLLC Announces Investigations of ALE, PRFT, UNIT, and AGBAAccesswire
- PUC wants buyers of Duluth energy company Allete to clarify local workforce commitment [Yahoo! Finance]Yahoo! Finance
ALE
Earnings
- 5/9/24 - Miss
ALE
Sec Filings
- 5/17/24 - Form DEFA14A
- 5/9/24 - Form DEFA14A
- 5/9/24 - Form 10-Q
- ALE's page on the SEC website