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ALLETE

ALE · NYSE

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About ALE

ALLETE, Inc. engages in the provision of electric and natural gas utility services. The company is headquartered in Duluth, Minnesota and currently employs 1,597 full-time employees. The firm's segments include Regulated Operations, ALLETE Clean Energy, New Energy and Corporate and Other. The Regulated Operations segment includes its regulated utilities, Minnesota Power and Superior Water, Light and Power Company, as well as its investment in American Transmission Company LLC, a Wisconsin-based regulated utility that owns and maintains electric transmission assets in portions of Wisconsin, Michigan, Minnesota and Illinois. The ALLETE Clean Energy segment is focused on developing, acquiring, and operating clean and renewable energy projects. The New Energy segment is a renewable energy company with a primary focus on developing solar and energy storage facilities for external sale and internal ownership while also offering comprehensive operations, maintenance and asset management services. The Corporate and Other segment is comprised of its investment in Nobles 2, South Shore Energy, BNI Energy, ALLETE Properties and others.

Employees
1,620
Headquarters
Duluth, Minnesota
Listed
May 22, 1981
Sector
Utilities
Industry
Electric Utilities
Website
allete.com

ALE key statistics

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ALE earnings

Earnings per share, reported against the analyst estimate

Didn’t beat the estimate in any of the last 8 quarters.

  1. Q4 FY23: reported $0.89 per share against an estimate of $0.9777
  2. Q1 FY24: reported $0.88 per share against an estimate of $1.04
  3. Q2 FY24: reported $0.57 per share against an estimate of $0.8888
  4. Q3 FY24: reported $0.78 per share against an estimate of $0.9359
  5. Q4 FY24: reported $0.87 per share against an estimate of $1.13
  6. Q1 FY25: reported $0.97 per share against an estimate of $1.05
  7. Q2 FY25: reported $0.55 per share against an estimate of $0.8737
  8. Q3 FY25: reported $0.46 per share against an estimate of $0.9696

ALE news

  • Press releaseBusiness Wire

    ALLETE Announces Completion of Acquisition by CPP Investments and Global Infrastructure Partners

  • Press releaseBusiness Wire

    ALLETE Board of Directors Declares Stub Period Dividend on Common Stock

  • Press releasePRNewswire

    Corebridge Financial Set to Join S&P MidCap 400

  • Press releaseBusiness Wire

    ALLETE Receives Written Order From MPUC Approving Acquisition by CPP Investments and Global Infrastructure Partners, Closing Expected Dec. 15

  • Press releasePRNewswire

    New Energy Equity's Lift As We Climb Foundation Raises $143,000 for Let's Share the Sun Foundation at 4th Annual Charity Golf Tournament

  • Press releaseBusiness Wire

    MDU Resources Joins North Plains Connector Utility Consortium

  • Press releaseBusiness Wire

    ALLETE, Inc. Awaits Written Order to Complete Sale to Partners Canada Pension Plan Investment Board and Global Infrastructure Partners; Reports Third Quarter 2025 Earnings

  • Press releaseBusiness Wire

    ALLETE to Announce Third Quarter Financial Results October 31

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