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.

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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.

DULUTH, Minn.--(BUSINESS WIRE)--ALLETE Inc. (NYSE:ALE) has been recognized as a company of Special Distinction in a women's corporate leadership census of Minnesota's largest public companies. It is the third consecutive year ALLETE has received the honor. The 2021 Minnesota Census of Women in Corporate Leadership, produced by St. Catherine University's School of Business, named ALLETE as an Honor Roll company with Special Distinction in the annual research study that examines the representatio

ALLETE Recognized as a Minnesota Company of Special Distinction for Its Commitment to Advancing Women in Leadership Roles

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DULUTH, Minn.--(BUSINESS WIRE)--ALLETE, Inc. today announced it has closed the acquisition of New Energy Equity, a top distributed solar developer, for approximately $165.5 million.

ALLETE Closes Acquisition of New Energy Equity, a Leading Solar Development Company

DULUTH, Minn.--(BUSINESS WIRE)--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

ALLETE to Announce First Quarter Financial Results May 5

DULUTH, Minn.--(BUSINESS WIRE)--ALLETE, Inc. (NYSE:ALE) (the “Company”) today announced the pricing of an underwritten public offering of 3,200,000 shares of its common stock at $63.00 per share. The size of the common stock offering was increased from the previously announced 2,950,000 shares. In conjunction with this offering, the underwriters have been granted an option to purchase up to an additional 480,000 shares of the Company's common stock. The offering is expected to close on April 5,

ALLETE Announces Pricing of Upsized Common Stock Offering

DULUTH, Minn.--(BUSINESS WIRE)--ALLETE, Inc. (NYSE:ALE) (the “Company”) today announced that it plans to commence an underwritten public offering of up to 2,950,000 shares of its common stock, subject to market conditions. In conjunction with this offering, the underwriters will be granted an option to purchase up to an additional 442,500 shares of the Company's common stock. The Company intends to use the net proceeds from this offering for corporate purposes, including, without limitation, th

ALLETE Announces Offering of Common Stock

ROSEVILLE, Minn., March 3, 2022 /PRNewswire/ -- Impact Power Solutions (IPS Solar) announced on Thursday it was being acquired by  New Energy Equity LLC.

IPS Solar Acquired by New Energy Equity

DULUTH, Minn.--(BUSINESS WIRE)--ALLETE advances solar strategy by acquiring New Energy Equity, a leading solar development company

ALLETE Advances Solar Strategy by Acquiring New Energy Equity, a Leading Solar Development Company

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ALLETE, Inc. (ALE) CEO Bethany Owen on Q4 2021 Results - Earnings Call Transcript

DULUTH, Minn.--(BUSINESS WIRE)--ALLETE, Inc. reports 2021 earnings of $3.23 per share; initiates 2022 earnings guidance range of $3.60 to 3.90 per share

ALLETE, Inc. Reports 2021 Earnings of $3.23 Per Share; Initiates 2022 Earnings Guidance Range of $3.60 to 3.90 Per Share

DULUTH, Minn.--(BUSINESS WIRE)--ALLETE names Steven W. Morris Senior Vice President and Chief Financial Officer

ALLETE Names Steven W. Morris Senior Vice President and Chief Financial Officer

DULUTH, Minn.--(BUSINESS WIRE)--ALLETE Board of Directors raises quarterly common stock dividend

ALLETE Board of Directors Raises Quarterly Common Stock Dividend

DULUTH, Minn.--(BUSINESS WIRE)--ALLETE board selects Susan K. Nestegard as lead director

ALLETE Board Selects Susan K. Nestegard as Lead Director

DULUTH, Minn.--(BUSINESS WIRE)--ALLETE Clean Energy's Caddo wind site begins delivering renewable energy

ALLETE Clean Energy's Caddo Wind Site Begins Delivering Renewable Energy

DULUTH, Minn.--(BUSINESS WIRE)--ALLETE to announce 2021 financial results on Feb. 16

ALLETE to Announce 2021 Financial Results on Feb. 16

EPS growth plus dividend yield should provide double-digit returns for this utility through end of 2023 and beyond.

Allete Update: Double-Digit Returns Still On Offer

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ALLETE, Inc. (ALE) CEO Bethany Owen on Q3 2021 Results - Earnings Call Transcript

DULUTH, Minn.--(BUSINESS WIRE)--ALLETE, Inc. reports third quarter earnings of 53 cents; Reaffirms 2021 earnings guidance range

ALLETE, Inc. Reports Third Quarter Earnings of 53 Cents; Reaffirms 2021 Earnings Guidance Range

DULUTH, Minn.--(BUSINESS WIRE)--Minnesota Power files request for rate change to support sustainable energy future amid changing customer demand

Minnesota Power Files Request for Rate Change to Support Sustainable Energy Future Amid Changing Customer Demand

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) Reports Next Week: Wall Street Expects Earnings Growth

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News for ALLETE Stock (ALE)