ALE - Earnings announcements

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 resolutio

Positions ALLETE to Execute Clean-Energy Future for Customers, Communities and Employees as a Private Company ALLETE to Remain Locally Managed and Operated with Headquarters in Duluth, Minnesota Agreement Contains Meaningful Commitments to Retain ALLETE's Workforce and Maintain Compensation Levels and Benefits Programs Utilities Minnesota Power and Superior Water, Light and Power to Continue Being Regulated by Minnesota Public Utilities Commission (MPUC) and Public Service Commission of Wisconsin (PSCW) Union Agreements to be Honored Shareholders to Receive $67.00 Per Share in Cash ALLETE, Inc. (NYSE:ALE) and a partnership led by Canada Pension Plan Investment Board ("CPP

ALLETE Inc. (NYSE:ALE) will announce its financial results for the first quarter before the stock markets open on Thursday, May 9, 2024. 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 may participate in the conference call live by registering at www.allete.com/earningscall, or by accessing the listen-only webcast on ALLETE's website, www.allete.com. The webcast will be accessible for one year at www.allete.com.

ALLETE, Inc. (NYSE:ALE) today reported 2023 earnings of $4.30 per share on net income of $247.1 million and operating revenue of $1.9 billion. Reported results from 2022 were $3.38 per share on net income of $189.3 million and operating revenue of $1.6 billion. "We are very pleased with our solid financial results in 2023 and our team's execution of strategic initiatives that will drive strong earnings growth and investment in clean energy for years to come," said ALLETE Chair, President, and Chief Executive Officer Bethany Owen. "ALLETE's Sustainability in Action strategy is gaining momentum, with important regulatory decisions in 2024, that will further support Minnesota Power's EnergyF

ALLETE Inc. (NYSE:ALE) will announce its financial results for 2023 before the stock markets open on Tuesday, February 20, 2024. 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 other factors related to performance, and discuss 2024 earnings guidance during a conference call beginning at 10 a.m. Eastern time. Interested parties may participate in the conference call live by registering at www.allete.com/earningscall, or by accessing the listen-only webcast on ALLETE's website, www.allete.com. The webcast will be accessible for one year

ALLETE, Inc. (NYSE:ALE) today reported third quarter 2023 earnings of $1.49 per share on net income of $85.9 million. Last year's third quarter results were 59 cents per share on net income of $33.7 million. "We are pleased with our solid financial results this quarter and the positive momentum going into the end of the year," said ALLETE Chair, President, and Chief Executive Officer Bethany Owen. "We continue to deliver on our Sustainability in Action strategy, including our most recent announcement that Minnesota Power has been awarded a $50 million grant by the U.S. Department of Energy to modernize its high-voltage direct current transmission system. As planned, Minnesota Power also f

ALLETE Inc. (NYSE:ALE) will announce its financial results for the third quarter before the stock markets open on Thursday, November 2, 2023. 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 related to performance during a conference call beginning at 10 a.m. Eastern time. Interested parties may participate in the conference call live by registering at www.allete.com/earningscall, or by accessing the listen-only webcast on ALLETE's website, www.allete.com. The webcast will be accessible for one year at www.allete.c

ALLETE, Inc. (NYSE:ALE) today reported second quarter 2023 earnings of 90 cents per share on net income of $51.5 million. Last year's second quarter results were 67 cents per share on net income of $37.6 million. Included in this year's results were earnings from another strong quarter of financial results at New Energy, which was acquired in April 2022. "We are very pleased with this quarter's solid results," said ALLETE Chair, President, and Chief Executive Officer Bethany Owen. "Through the first half of this year, we have also made significant progress in executing our Sustainability in Action strategy – working with our diverse stakeholders as we advance the transition to a clean-ene

ALLETE Inc. (NYSE:ALE) will announce its financial results for the second quarter before the stock markets open on Tuesday, August 8, 2023. 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 related to performance during a conference call beginning at 10 a.m. Eastern time. Interested parties may participate in the conference call live by registering at www.allete.com/earningscall, or by accessing the listen-only webcast on ALLETE's website, www.allete.com. The webcast will be accessible for one year at www.allete.com

Reaffirms 2023 earnings guidance range of $3.55 to $3.85 per share ALLETE, Inc. (NYSE:ALE) today reported first quarter 2023 earnings of $1.02 per share on net income of $58.2 million. Last year's first quarter results were $1.24 per share on net income of $66.3 million. "The entire ALLETE team's execution of our Sustainability in Action strategy was excellent throughout the quarter, and we are excited about the year ahead," said ALLETE Chair, President and Chief Executive Officer Bethany Owen. "New Energy is starting the first full year under ALLETE ownership with strong financial results in the quarter; ALLETE Clean Energy closed on two projects – Northern Wind in January and Red Barn

ALLETE Inc. (NYSE:ALE) will announce its financial results for the first quarter before the stock markets open on Wednesday, May 3, 2023. 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 may participate in the conference call live by registering at www.allete.com/earningscall, or by accessing the listen-only webcast on ALLETE's website, www.allete.com. The webcast will be accessible for one year at www.allete.com.

ALLETE, Inc. (NYSE:ALE) today reported 2022 earnings of $3.38 per share on net income of $189.3 million and operating revenue of $1.6 billion. Reported results from 2021 were $3.23 per share on net income of $169.2 million and operating revenue of $1.4 billion. "I am proud of our many successes and accomplishments throughout 2022, all of which position ALLETE well now and into the future," said ALLETE Chair, President, and CEO Bethany Owen. "The approval of Minnesota Power's Integrated Resource Plan results in a $600 million dollar expansion of our capital expenditure plan and will drive rate base growth to 11 percent over the next five years. Minnesota Power also achieved near-perfect sys

ALLETE Inc. (NYSE:ALE) will announce its financial results for 2022 before the stock markets open on Thursday, Feb. 16, 2023. 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 other factors related to performance, and discuss 2023 earnings guidance during a conference call beginning at 10 a.m. Eastern time. Interested parties may participate in the conference call live by registering at www.allete.com/earningscall, or by accessing the listen-only webcast on ALLETE's website, www.allete.com. The webcast will be accessible for one year at w

ALLETE, Inc. (NYSE:ALE) today reported third quarter 2022 earnings of 59 cents per share on net income of $33.7 million. Last year's results were 53 cents per share on net income of $27.6 million. Quarter over quarter results reflect higher net income for the Regulated Operations segment primarily due to interim rate revenue at Minnesota Power. Also impacting the quarter were ongoing inflation, supply chain challenges and transmission congestion resulting in lower earnings at ALLETE Clean Energy. Overall, results for the quarter were in line with expectations. "ALLETE's Sustainability in Action strategy continues to present significant opportunities for our company, and we are confident in

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 may participate in the conference call live by registering at www.allete.com/earningscall, or by accessing the listen-only webcast on ALLETE's website, www.allete.com. The webcast will be accessible for one year at www.allete.com.

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 with these results and with our progress on key initiatives already in 2022," said ALLETE President and CEO Bethany Owen. "New Energy is off to a strong start, our regulated businesses are firming up plans for further clean energy tr

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 may participate in the conference call live by registering at www.allete.com/earningscall, or by accessing the listen-only webcast on ALLETE's website, www.allete.com. The webcast will be accessible for one year at www.allete.com.

Reaffirms 2022 earnings guidance range of $3.60 - $3.90 per share ALLETE, Inc. (NYSE:ALE) today reported first quarter 2022 earnings of $1.24 per share on net income of $66.3 million. Last year's results were 99 cents per share on net income of $51.8 million. Net income in 2022 includes transaction costs of $1.4 million after-tax, or 3 cents per share, related to the acquisition of New Energy. Net income in 2021 included an approximately $5 million, or 10 cents per share, negative impact related to ALLETE Clean Energy's Diamond Spring wind energy facility due to an extreme winter storm event in the southern United States in February 2021. "Our financial results for the quarter were solid

ALLETE, Inc. (NYSE:ALE) will announce its financial results for the first quarter before the stock markets open on Thursday, May 5, 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 other factors affecting performance during a conference call beginning at 10 a.m. Eastern time. Interested parties may listen to the conference live by calling (877) 303-5852 using passcode 7961608, or by accessing the webcast on ALLETE's website, www.allete.com. A replay of the call will be available through May 12, 2022, by dialing (855) 859-2056, confer

Acquisition supports ALLETE's sustainability-in-action strategy ALLETE, Inc. (NYSE:ALE), today advanced its planned expansion in the solar energy sector, announcing it has signed a definitive agreement to acquire 100 percent of the membership interests of New Energy Equity LLC, one of the nation's top distributed solar developers, for approximately $165.5 million, subject to a working capital adjustment. New Energy Equity, with headquarters in Annapolis, Maryland, is one of the country's leading distributed solar development companies, having successfully completed more than 250 projects across the nation totaling more than 310 megawatts. New Energy Equity also offers comprehensive solar

ALLETE, Inc. (NYSE:ALE) today reported 2021 earnings of $3.23 per share on net income of $169.2 million and operating revenue of $1.4 billion. Reported results from 2020 were $3.35 per share on net income of $174.2 million and operating revenue of $1.2 billion. Earnings in 2021 reflect an approximately 16 cent gain recorded in the fourth quarter of 2021 for the sale of a portion of the Nemadji Trail Energy Center by South Shore Energy, ALLETE's non-rate regulated, Wisconsin subsidiary. This positive impact was partially offset by a 10 cent per share, negative impact related to ALLETE Clean Energy's Diamond Spring wind energy facility due to the February extreme winter storm event. Addition

ALLETE Inc. (NYSE:ALE) will announce its financial results for 2021 before the stock markets open on Wednesday, Feb. 16, 2022. Following the release, ALLETE Chair, President and Chief Executive Officer Bethany M. Owen, Senior Vice President and Chief Financial Officer Robert J. Adams, and Vice President and Chief Accounting Officer Steven W. Morris will present an overview of results and discuss 2022 earnings guidance and other factors affecting performance during a conference call beginning at 10 a.m. Eastern time. Interested parties may listen to the conference live by calling (877) 303-5852 using passcode 1993529, or by accessing the webcast on ALLETE's website, www.allete.com. A repla

ALLETE, Inc. (NYSE:ALE) today reported third quarter 2021 earnings of 53 cents per share on net income of $27.6 million. Last year's results were 78 cents per share on net income of $40.7 million. "ALLETE is making significant progress on strategic initiatives, which will result in future earnings growth, driven by improved returns at our businesses and from our ongoing transformation to cleaner energy," said ALLETE Chair, President and CEO Bethany Owen. "We are excited about the future as all of our ALLETE businesses execute ALLETE's sustainability in action strategy, including Minnesota Power's vision to provide carbon-free energy by 2050 and ALLETE Clean Energy's strategy to expand beyo

ALLETE Inc. (NYSE:ALE) will announce its financial results for the third quarter before the stock markets open on Thursday, November 4, 2021. Following the release, ALLETE Chair, President and Chief Executive Officer Bethany M. Owen, Senior Vice President and Chief Financial Officer Robert J. Adams, and Vice President, Controller and Chief Accounting Officer Steven 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 may listen to the conference live by calling (877) 303-5852 using passcode 8090438, or by accessing the webcast on ALLETE's website, www.allete.com. A repla

ALLETE, Inc. (NYSE:ALE) today reported second quarter 2021 earnings of 53 cents per share on net income of $27.9 million. Last year's results were 39 cents per share on net income of $20.1 million. Results in the second quarter of 2020 included an $8.3 million after tax-charge, or 16 cents per share, for the Minnesota Power rate case resolution. "We are encouraged by the healthy production rebound of Minnesota Power's taconite customers," said ALLETE Chair, President and CEO Bethany Owen. "Electric sales to these industrial customers have been robust so far in 2021, and we anticipate continued strength through the remainder of the year, as evidenced by the positive steel industry outlook.