ALLETE

ALLETE, Inc. engages in the provision of electric and natural gas utility services. It operates through the following business segments: Regulated Operations, ALLETE Clean Energy, and U.S. Water Services. The Regulated Operations segment includes regulated utilities, Minnesota Power, SWL&P, and investment in ATC, which regulates utilities that own and maintain electric transmission assets. The ALLETE Clean Energy segment develops, acquires, and operates clean and renewable energy projects. The U.S. Water Services segment provides integrated water management for industry by combining chemical, equipment, engineering, and service for customized solutions to reduce water and energy usage and improve efficiency. The company was founded in 1906 and is headquartered in Duluth, MN.

Earnings data Q1 2021

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ALLETE reports solid earnings growth, focuses on clean energy future

ALLETE's strong financial performance in 2022 and positive 2023 guidance reflect its commitment to sustainable energy and long-term growth objectives.
Despite challenges such as market volatility and cost drivers, the company remains focused on innovation, customer affordability, and regulatory support.
With a strategic focus on clean energy leadership, ALLETE is well-positioned to navigate uncertainties and deliver value to investors and customers.

ALLETE reports Q1 earnings dip, remains strong in renewable energy

ALLETE's Q1 performance showed a slight decline in earnings but maintained stability and confidence in its full-year guidance.
The company's strengths lie in its leadership in renewable energy investments, strong financial position, and commitment to sustainability.
Challenges from operational impacts and upcoming rate cases are balanced by opportunities in renewable energy projects and market alignment.
Overall, ALLETE's strategic focus on clean energy transition positions it well for future growth and resilience in the evolving energy landscape.

ALLETE reports robust Q2 earnings, advances clean energy initiatives

ALLETE's strong Q2 performance and reaffirmed full-year guidance reflect a resilient financial outlook
The company's strategic focus on clean energy initiatives and sustainable growth underscores its commitment to long-term success
While facing challenges related to income variances and market dynamics, ALLETE remains poised to capitalize on opportunities in the clean energy sector

ALLETE reports robust Q3 earnings, eyes clean energy growth

ALLETE delivered strong earnings growth in Q3 2023, driven by robust performance in both core operations and clean energy segment.
While facing challenges related to regulatory filings and potential customer impact, ALLETE's strategic initiatives and financial strength position it well for future growth.
Opportunities lie in the company's focus on sustainability, grants received for projects, and the potential for further expansion and innovation in clean energy.

ALLETE reports strong Q4 earnings, eyes growth in renewables

ALLETE's Q4 2023 performance exceeded expectations, with full-year earnings showing significant growth compared to the previous year.
The company's focus on renewable energy projects, grid modernization, and regulatory approvals positions it for future earnings growth.
Challenges in ALLETE Clean Energy are being addressed, while New Energy Equity continues to outperform, showcasing operational resilience.
The dividend increase and consistent dividends paid reflect ALLETE's commitment to shareholder value and long-term growth.

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ALLETE, Inc. engages in the provision of electric and natural gas utility services. It operates through the following business segments: Regulated Operations, ALLETE Clean Energy, and Corporate and Other. The Regulated Operations segment includes regulated utilities, Minnesota Power, SWL&P, and investment in ATC, which regulates utilities that own and maintain electric transmission assets. The ALLETE Clean Energy segment develops, acquires, and operates clean and renewable energy projects. The Corporate and Other segment includes New Energy, South Shore Energy, BNI Energy, ALLETE Properties, a small amount of non-rate base generation, land holdings, and earnings on cash and investments. The company was founded on January 25, 1906 and is headquartered in Duluth, MN.

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At current share price levels, Allete offers an attractive and safe dividend yield of 4.3%. Being primarily a regulated utility, Allete's profit margins are insulated to a considerable extent against the impact of cost inflation.

Allete Stock Compares Favorably To Bond ETFs IEF And ILTB

DULUTH, Minn.--( BUSINESS WIRE )--The Minnesota Public Utilities Commission today unanimously approved Minnesota Power's 15-year Integrated Resource Plan (IRP), the regulatory roadmap for the company's EnergyForward vision to provide 100% carbon-free energy by 2050 while maintaining safe, reliable and affordable electric serve to its customers.

Minnesota Power Ready to Move Next Phase of EnergyForward Following MPUC Approval of Resource Plan

ALLETE, Inc. (NYSE:ALE ) Q3 2022 Earnings Conference Call November 9, 2022 10:00 AM ET Company Participants Bethany Owen - Chair, President & CEO Steven Morris - SVP & CFO Jeffrey Scissons - Chief Financial & Strategy Officer, ALLETE Clean Energy Conference Call Participants Brian Russo - Sidoti Christopher Ellinghaus - Siebert Williams Shank & Co. Julien Dumoulin-Smith - Bank of America Richard Sunderland - JPMorgan Operator Good day, and welcome to the ALLETE Third Quarter Financial Results Call. Today's call is being recorded.

ALLETE, Inc. (ALE) Q3 2022 Earnings Call Transcript

Allete (ALE) delivered earnings and revenue surprises of -15.71% and 7.50%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Allete (ALE) Q3 Earnings Miss Estimates

ALLETE, Inc. Reports Third Quarter Earnings; Expects 2022 Earnings Near Mid-Point of $3.60 - $3.90 Per Share Range

Minnesota Power Advances Clean-Energy Future by Increasing Targets for Renewable Energy Resources Under Its EnergyForward Plan

ANNAPOLIS, Md. , Nov. 4, 2022 /PRNewswire/ -- New Energy Equity (New Energy), a wholly-owned subsidiary of ALLETE (NYSE: ALE), announced today the promotions of several members of their executive team: Josh Kunkel to President of New Energy Equity Lindsey Gillis to Chief Administrative Officer Dean Eastlake III to Chief Operations Officer Jamie Borell to Senior Vice President Land and Business Development Eric Pasi to Senior Vice President, New Market Development and Marketing Eric Hanson to Vice President, Engineering and Construction Co-founder Matt Hankey will continue to lead New Energy as Chief Executive Officer.

New Energy Equity announces promotions of executive leadership team

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DULUTH, Minn.--(BUSINESS WIRE)--ALLETE Inc. (NYSE:ALE) will announce its financial results for the third quarter before the stock markets open on Wednesday, Nov. 9, 2022. Following the release, ALLETE Chair, President and Chief Executive Officer Bethany M. Owen, and Senior Vice President and Chief Financial Officer Steven W. Morris will present an overview of results and discuss other factors related to performance during a conference call beginning at 10 a.m. Eastern time. Interested parties m

ALLETE to announce third quarter financial results Nov. 9

Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Allete (ALE) have what it takes?

Why Allete (ALE) is a Great Dividend Stock Right Now

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DULUTH, Minn.--(BUSINESS WIRE)--ALLETE Inc. (NYSE:ALE) today announced several key leadership changes as the company continues to advance its sustainability in action strategy. Nicole Johnson has been named president of ALLETE Clean Energy. Johnson previously served as ALLETE's chief administrative officer and continues to serve as an ALLETE vice president. ALLETE also announced that Al Rudeck, currently president of ALLETE Clean Energy, will take on the newly created role of ALLETE safety and

Leadership Roles Change as ALLETE Positions for Continued Success

ALLETE, Inc. (NYSE:ALE ) Q2 2022 Results Conference Call August 3, 2022 10:00 AM ET Company Participants Bethany Owen - Chair, President and CEO Steve Morris - SVP and CFO Frank Frederickson - VP, Customer Experience Conference Call Participants Dariusz Lozny - Bank of America Brian Russo - Sidoti Operator Good day, and welcome to the ALLETE Second Quarter Financial Results Call. Today's call is being recorded.

ALLETE, Inc. (ALE) CEO Bethany Owen on Q2 2022 Results - Earnings Call Transcript

Allete (ALE) delivered earnings and revenue surprises of 6.35% and 6.56%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

Allete (ALE) Q2 Earnings and Revenues Beat Estimates

DULUTH, Minn.--(BUSINESS WIRE)--ALLETE, Inc. (NYSE: ALE) today reported second quarter 2022 earnings of 67 cents per share on net income of $37.6 million. Last year's results were 53 cents per share on net income of $27.9 million. Included in this year's quarterly results were transaction fees of $1.6 million after-tax, or 3 cents per share, and purchase price accounting impacts of $4 million after-tax, or 7 cents per share, related to the acquisition of New Energy Equity LLC. “We are pleased w

ALLETE, Inc. Reports Second Quarter Earnings of 67 Cents Per Share, Reaffirms 2022 Earnings Guidance Range of $3.60 - $3.90 Per Share

Allete (ALE) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Allete (ALE) Earnings Expected to Grow: Should You Buy?

DULUTH, Minn.--(BUSINESS WIRE)--Minnesota Power and Great River Energy today announced their intent to build a transmission line from northern Minnesota to central Minnesota.

Minnesota Power and Great River Energy to Build Transmission Line to Bolster Electric Reliability in Northern Minnesota

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DULUTH, Minn.--(BUSINESS WIRE)--ALLETE Inc. (NYSE:ALE) will announce its financial results for the second quarter before the stock markets open on Wednesday, August 3, 2022. Following the release, ALLETE Chair, President and Chief Executive Officer Bethany M. Owen, and Senior Vice President and Chief Financial Officer Steve W. Morris will present an overview of results and discuss other factors affecting performance during a conference call beginning at 10 a.m. Eastern time. Interested parties

ALLETE to Announce Second Quarter Financial Results August 3

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DULUTH, Minn.--(BUSINESS WIRE)--ALLETE Inc.'s board of directors has elected Charles Matthews to serve on the board effective July 6, 2022.

Charles Matthews Named to ALLETE Board of Directors

ALLETE (ALE) makes a good case for investment in the utility space, given its systematic capital expenditure, growth in earnings estimates and proper management of debts.

4 Reasons to Add ALLETE (ALE) to Your Portfolio Right Now

ALLETE, Inc. (NYSE:ALE ) Q1 2022 Results Conference Call May 5, 2022 10:00 AM ET Company Participants Bethany Owen - President & Chief Executive Officer Steve Morris - Senior Vice President and Chief Financial Officer Frank Frederickson - Vice President of Customer Experience, Minnesota Power Jeff Scissons - Chief Financial and Strategy Officer, ALLETE Clean Energy's Operator Good day, and welcome to the ALLETE First Quarter 2022 Financial Results Call. Today's call is being recorded.

ALLETE, Inc. (ALE) CEO Bethany Owen on Q1 2022 Results - Earnings Call Transcript

DULUTH, Minn.--(BUSINESS WIRE)--ALLETE, Inc. today reported first quarter 2022 earnings of $1.24 per share on net income of $66.3 million.

ALLETE, Inc. Reports First Quarter Earnings of $1.24 Per Share

At current share price levels, Allete offers an attractive and safe dividend yield of 4.0%. EPS growth plus dividend yield should provide solid returns for this utility through the end of 2024 and beyond.

News for ALLETE Stock (ALE)