ALLETE INC

ALE

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Identification

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Ticker
ALE
CIK0000066756
SIC4931
SectorTransportation, Communications, Electric, Gas, And Sanitary Services
Industry CategoryUtilities
Industry GroupElectric And Other Services Combined

Contact

Address30 W SUPERIOR ST, DULUTH, MN, 55802-2093
Website allete.com
Phone2182795000
CEOBethany M. Owen
Employees1,490

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Standardized Financials

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Intrinio provides professional-grade historical financial data. This data is standardized, cleansed and verified to ensure the highest quality data sourced directly from the XBRL financial statements. The primary purpose of standardized financials are to facilitate comparability across a single company’s fundamentals and across all companies fundamentals.

For example, it is possible to compare total revenues between two companies as of a certain point in time, or within a single company across multiple time periods. This is not possible using the as reported financial statements because of the inherent complexity of reporting standards.

Below is a preview of several data points from each financial statement, as well as a sample of our many calculated metrics:

Income Statement
Revenue$1.53 billion
Pre-Tax Income$127.60 million
Net Income$119.40 million
Net Income to Common$184.70 million
EPS$3.19
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Balance Sheet
Cash$92.00 million
Assets$6.87 billion
Liabilities$3.48 billion
Common Equity$2.87 billion
Liabilities & Equity$6.87 billion
View All
Cash Flow Statement
Net Income$119.40 million
Cash From Operating Activities$507.20 million
Cash From Investing Activities$-440.10 million
Cash From Financing Activities$-13.00 million
Change in Cash$54.10 million
View All
Calculations
NOPAT$155.15 million
EBITDA$462.60 million
Price to Earnings$20.84
Price to Book$1.34
ROE3.51%
View All

Latest News

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Intrinio provides up-to-date news articles on every US company from various sources. Here are several examples:

ALLETE Announces Agreement with Minnesota Department of Commerce to Deliver Immediate Post-Closing Cost Savings and Substantial Benefits for Customers and Communities

DULUTH, Minn., July 11, 2025--ALLETE, Inc. (NYSE: ALE) (the "Company") announced that the Company and its transaction partners Canada Pension Plan Investment Board (CPP Investments) and Global Infrastructure Partners (GIP) have reached an agreement with the Minnesota Department of Commerce that will deliver immediate cost savings and substantial benefits to Minnesota Power customers and communities following the approval and completion of the proposed transaction. With this settlement agreement,

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Why CareTrust, Merck, And Allete Are Winners For Passive Income

Companies with a long history of paying dividends and consistently hiking them remain appealing to income-focused investors. CareTrust, Merck, and Allete have rewarded shareholders for years and recently announced dividend increases. These companies ...

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Allete: Q1 Earnings Snapshot

The Duluth, Minnesota-based company said it had net income of 97 cents per share. Earnings, adjusted for non-recurring costs, came to $1.01 per share. The power company owner posted revenue of $400.2 million in the period.

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ALLETE, Inc. Reports First Quarter 2025 Earnings

DULUTH, Minn., May 08, 2025--ALLETE, Inc. (NYSE: ALE) today reported first quarter 2025 earnings of 97 cents per share on net income of $56.1 million. Last year’s first quarter results were 88 cents per share on net income of $50.7 million. Net income in 2025 includes transaction expenses of $2.1 million after-tax, or 4 cents per share, related to the announced merger. Net income in the first quarter of 2024 included transaction expenses of $1.2 million after-tax, or 2 cents per share.

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Why Agree Realty, LCI Industries, And Allete Are Winners For Passive Income

Companies with a long history of paying dividends and consistently hiking them remain appealing to income-focused investors. Agree Realty, LCI Industries, and Allete have rewarded shareholders for years and recently announced dividend increases. These companies currently offer dividend yields of up to nearly 6%. Agree Realty Agree Realty (NYSE:ADC) is a real estate investment trust that acquires and develops properties net leased to industry-leading, omnichannel retail tenants. Don't Miss: Deloi

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